Search Results for: hemp farming

Isodiol Agrees To Acquire 51% Of Round Mountain Technologies, Commences Certified Organic Hemp Farming in Nevada

CANADA: Isodiol International, a global CBD innovator specializing in hemp based health and wellness products, the development of pharmaceutical CBD delivery methods and the manufacturing of a pure, natural CBD as an Active Pharmaceutical Ingredient for use in finished pharmaceutical products, is pleased to announce that it has entered into a binding agreement to acquire 51% of Round Mountain Technologies, a cultivator of organic hemp with operations in Nevada.

RMT holds a license from the State of Nevada to cultivate organic hemp in Nye County.  The property consists of approximately 155 acres, of which RMT and Isodiol intend to plant 70 acres within the coming weeks, initially.  RMT and Isodiol will contribute to Nevada’s local economy by ensuring that all hemp harvested by RMT will be processed within the State of Nevada.

Logo-Isodiol-1500wUnder the terms of the agreement, Isodiol will commit funding of US$400,000 in cash to RMT for working capital and general obligations and issue US$250,000 in Isodiol stock based on the May 22, 2018 closing price, subject to 36-month lock-up/leak-out guidelines, in exchange for the 51% RMT ownership interest.

“This transaction is another significant milestone in Isodiol’s storied path to success,” said Marcos Agramont, CEO of Isodiol.  Mr. Agramont continued, stating, “We are pleased to be working with RMT and increasing our US organic hemp biomass supply for CBD production.”

Isodiol has successfully pursued its strategy of establishing a globally dominant position in the cultivation of jurisdictionally compliant industrial hemp and manufacturing of jurisdictionally compliant CBD consumer products.  To date, Isodiol has the ability to legally source, cultivate, and/or manufacture industrial hemp on three continents, North America, Europe, and Asia.  Additionally, Isodiol’s UK Subsidiary, BSPG Laboratories Ltd. produces CBD that has been approved as an Active Pharmaceutical Ingredient (API) by the United Kingdom Medicines and Healthcare Products Regulatory Agency (MHRA) for use in Finished Pharmaceutical Products (FPPs).

“We believe we produce the purest, natural CBD in the industry.  The API is recognition of that achievement.  Isodiol will continue to pursue global recognition and approval of the API grade CBD and expand our distribution of CBD consumer products in new jurisdictions while continuing to expand our manufacturing capabilities throughout the world,” said Agramont.

“Isodiol has come to embrace the positive legal developments in legislation, regulations, and agency interpretations in jurisdictions throughout the world that have paved a legal pathway for Isodiol to legally and commercially produce pure, natural CBD from industrial hemp,” said Agramont.  Agramont went further to say, “Isodiol’s previous efforts to seek alternative sources of CBD, such as through novel hop strains, are still of interest to Isodiol, but due to favorable legislative and regulatory outcomes, Isodiol is focusing on cannabinoids produced from hemp. Presently, sources for Cannabinoids other than hemp would take longer and cost substantially more to develop.”

Senate Passes Farm Bill, Which Includes Senator McConnell’s Hemp Farming Act

DISTRICT OF COLUMBIA: U.S. Senate Majority Leader Mitch McConnell (R-KY) announced today the Senate passed the Agriculture Improvement Act of 2018 (Farm Bill), which takes serious steps to ensure the future of American agriculture. A conference committee made up with members from both chambers will now reconcile the Senate and House versions of the Farm Bill.

The Senate Farm Bill strengthens the safety measures that directly help commodity producers as they confront low prices and the constant threat of natural disasters. It also seizes on a number of opportunities to invest in the future of American agriculture and rural communities. It contains a provision – championed by Senator McConnell — that would empower farmers to begin cultivating industrial hemp, a crop that could play a key role in the economic future of Kentucky and the nation. It also focuses on expanding rural broadband and water infrastructure and continuing the fight against the opioid epidemic is devastating rural America.

“As the proud senior Senator from the Commonwealth of Kentucky who has served on the Agriculture Committee since my first day in the Senate, I know exactly how important this legislation is to agricultural communities. From soybeans and corn to hay and tobacco to poultry and livestock, Kentucky agriculture encompasses a multi-billion-dollar industry that supports thousands and thousands of good jobs in nearly every corner of the Commonwealth,” Senator McConnell said. “Kentuckians know as well as anyone just how important American agriculture is — and we understand as well as anyone all the unique challenges that it faces. That is why I proudly supported this bill, which will bolster programs supporting our producers.”

“Today’s passage of the Senate version of the Farm Bill takes farm families here in Kentucky and across the country one step closer to the certainty they need to survive such a tough agricultural economy,” said Kentucky Farm Bureau President Mark Haney. “I would like to thank Senator McConnell on his extensive efforts to move forward the single most important piece of legislation affecting agriculture and rural communities. He continually works to help an industry that is so crucial to every citizen in this country, as well as our neighbors across the world who depend heavily on the success of the American farmer.”

The Senate Farm Bill also includes Senator McConnell’s measure (The Hemp Farming Act of 2018) to legalize hemp as an agricultural commodity by removing it from the federal list of controlled substances. It also gives states the opportunity to become the primary regulators of hemp production, allows hemp researchers to apply for competitive federal grants from the U.S. Department of Agriculture, and makes hemp farmers eligible to apply for crop insurance.

“Last year alone, Kentucky hemp recorded more than $16 million in product sales through the state pilot program I previously secured, demonstrating that hemp holds great potential for the future of Kentucky agriculture,” Senator McConnell added. “For far too long, the federal government has prevented most farmers from growing hemp. Although it was a foundational part of Kentucky’s heritage and today you can buy hemp products at stores across the country, most American farmers have been barred from planting it in their fields. I have heard from many Kentucky farmers who agree it’s time to remove the federal hurdles and give our state the opportunity to seize its full potential and once again become the national leader for hemp production. That is why I strongly advocated for this measure to be included in the Farm Bill, which will finally and fully legalize industrial hemp.”

“For farmers across America, there is no piece of legislation more important than the Farm Bill,” saidKentucky Commissioner of Agriculture Ryan Quarles. “I am particularly excited to see that the full text of Leader McConnell’s Hemp Farming Act of 2018 made it into this bipartisan bill. This Farm Bill will allow state departments of agriculture, like Kentucky’s, to unleash the full economic potential of industrial hemp pilot programs. I applaud Leader McConnell for his tireless advocacy for Kentucky farmers.”

In collaboration with agriculture leaders in Kentucky and throughout the nation, Senator McConnell utilized his position as Senate Majority Leader to secure language in the 2014 Farm Bill to authorize hemp research pilot programs. He built on that success with federal legislation to ensure that hemp produced from the pilot program could be transported, processed, and marketed. Under the guidance of Kentucky Agriculture Commissioner Ryan Quarles and his predecessor, now-U.S. Representative James Comer (KY-1), these programs have allowed Kentucky farmers to both research the plant and to demonstrate its potential. Representative Comer is leading the effort on this issue in the House of Representatives.

US Senate Majority Leader McConnell introduces Hemp Farming Act 2018

DISTRICT OF COLUMBIA: “It’s a historic day in America for the hemp industry”, said Geoff Whaling, Chairman of the National Hemp Association. “Senators McConnell, Wyden, Paul and Merkley have introduced a bi-partisan Senate Bill that not only raises awareness about the potential of this crop, it puts our industry in a position to meet its full potential”.

After months of work with Congress, the Hemp Farming Act of 2018 was introduced on the floor of the U.S. Senate this morning. The Bill accurately addresses the challenges that State Departments of Agriculture, Institutes of Higher Learning, Researchers and Farmers have had in the implementation of the provisions of Section 7606 of the 2014 Farm Bill.

The Hemp Farming Act identifies hemp as a crop and gives this commodity all of the benefits that are now available to other grains under USDA. The Bill removes hemp from the controlled substance act, which will allow farmers and manufacturers to freely sell all goods and products produced from the hemp crop, across state lines with no fear of challenges imposed by the DEA or banking institutions. The Bill also identifies hemp as both food and feed and will provide farmers interested in growing the crop the same crop insurance afforded other commodities crops.

“The United States is the largest importing nation of industrial hemp products in the world and the only importing nation not to have a national policy. That translates into millions of dollars of products coming into the united States and we think those jobs and opportunities should be here for our farmers and manufacturers. The Hemp Farming Act changes all of that”, said Whaling.

36 states have adopted legislation to begin researching hemp, a provision provided via the 2014 Farm Bill. Under the Hemp Farming Act, USDA will work with States to develop regulations.

“We applauded Senator McConnell, Wyden, Paul and Merkley for their leadership on this bi-partisan issue and look forward to working with all Senators so to pass this Bill this session.”

 

You can view the Senate floor discussion here: https://www.c-span.org/video/?c4723250/mcconnell-hemp-bill

 

Legalizing Weed: Key Players In Utah’s Legalization Of Industrial Hemp Farming

UTAH: For decades, it was illegal to grow hemp in the United States because of the plant’s relationship to the marijuana drug. However, hemp is not itself a drug, and many states, including Utah, have begun legalizing hemp production because of the benefits offered to farmers, manufacturers, and the economy. 

The federal government removed some of the restrictions on industrial hemp farming with the 2014 Farm Bill. Before that several states had already legalized it, either with immediate plans to begin production, or to be ready when the government lifted its ban. 

The following people participated in the effort to legalize hemp in Utah.

1. State Rep. Gage Froerer
State Rep. Gage Froerer was the chief sponsor of House Bill 105, which made several changes to how the state treats hemp and cannabis. The bill makes it lawful for the state’s Department of Agriculture and for colleges and universities to grow hemp for the purposes of research or as an agricultural crop.

Feds Should Legalize Hemp Farming, Too

CONNECTICUT:  Federal authorities are way behind the bush on dealing with hemp, but an increasing number of states, now including Connecticut, have it right.

The General Assembly passed a bill this spring that legalizes industrial hemp. Hemp can now be grown, used and sold here. This is good news, because hemp is a remarkably versatile agricultural product, but it comes with a major caveat — it is still illegal under federal law. Should an enterprising Connecticut farmer plant a field of industrial hemp, federal agents could swoop in and pull up the (harmless) plants.

This is idiotic. Industrial hemp should be legal, period.

Hemp has been grown for centuries. George Washington and Thomas Jefferson grew it; it is one of mankind’s oldest cultivated crops. It has thousands of uses, from food, clothing and paper to body oil, horse bedding and biomass energy.

New Connecticut Law In Effect July 1 Legalizes Hemp Farming: 1st Step To Nullify Federal Ban In Practice

CONNECTICUT:  July 1 a new law takes effect removing the ban on industrial hemp farming in Connecticut, setting the stage to nullify in practice the federal prohibition on the same.

Introduced by State Reps. Melissa Ziobron (R-34) and Aundré Bumgardner (R-41), House Bill 5780 (HB5780) opens the door for a full-scale commercial hemp market in the state by treating it as any other crop for farming. It passed the House by a vote of 142-2 on June 2, and passed the Senate by a vote of 36-0 on June 3.  It became law without a signature from Gov. Malloy and goes into effect on Wednesday as Public Act 15-202.

The new law removes any mention of industrial hemp from the part of the criminal code that classifies marijuana as a banned controlled substance. From the official summary of the bill:

This bill legalizes industrial hemp by removing it from the state “marijuana” and “cannabis-type substances” definitions, thereby removing its status as a controlled substance. Thus, the bill allows industrial hemp to be grown, used, and sold under state law [emphasis added]

Bill To Legalize Hemp Farming, Effectively Nullify Federal Ban Passes Washington State Senate 49-0

WASHINGTON:  By a unanimous 49-0 vote this week, the Washington state Senate approved a bill that would authorize the farming, production, and sale of industrial hemp in the state, effectively nullifying the federal prohibition on the same once put into effect.

Senate Bill 5012 (SB5012) was co-sponsored by State Sens. Brian Hatfield (D-District 19) and Jim Honeyford (R-District 15) and would open up the industrial hemp market in Washington state if successfully passed. It states unequivocally that “industrial hemp is an agricultural product that may be grown, produced, possessed, and commercially traded in the state.” This opens the door for an industrial hemp market to spring up after SB5012 becomes law.

In addition, SB5012 authorizes research into the viability of industrial hemp as well. The bill states that “Washington State University shall study the feasibility and desirability of industrial hemp production in Washington” and “shall gather information from agricultural and scientific literature, consult with experts and the public, and review the best practices of other states and countries worldwide regarding the development of markets for industrial hemp and hemp products.”

A similar bill has also been introduced in the state House. HB1552, sponsored by Rep. Matt Shea (R-Spokane Valley) is considered by supporters to be a stronger bill because it not only would make industrial hemp an “agricultural product” as in SB5012, but also includes the needed steps to effectuate this policy. In short, SB5012 will potentially need follow-up legislation before it comes into effect while HB1552 covers that follow up immediately.

LOCAL Complications Abound For Hemp Farming In Northwest

WASHINGTON:  Hemp advocates have launched a renewed bid to make hemp farming lawful in Washington state.

The non-drug variety of the cannabis plant has already been legalized in Oregon and California, but it is not commercially grown there yet.

Local boutiques and natural food stores sell a wide variety of products made from imported hemp oil, fibers or seeds. Federal drug law forbids the cultivation of the actual plant here due to its close relation to marijuana.

Broker and consultant Joy Beckerman Maher of Edmonds, Washington, told state senators that means missed opportunities for farmers.

 

Hemp Farming Could Turn Into Economic Boon For Colorado

COLORADO:  A growing farming fad in Colorado is to grow hemp – now that it’s legal, and at least one long-time farming family is hoping to cash in on the crop.

Rock ‘n’ Robin’s in Fort Collins sells products that are made of hemp such as t-shirts, handbags and other products. Farmers are hoping it creates a new industry for Colorado.

Kirk Eppelsheimer grew up around farming, but he never gave the profession much thought until Colorado made history by legalizing hemp production.

“We want to get started  now, try to be a leader in this new industry,” Eppelsheimer said.

Governor Brown Signs California Industrial Hemp Farming Act Legalizing Hemp Farming Under State Law

CALIFORNIA: Governor Jerry Brown has signed SB 566, the California Industrial Hemp Farming Act. After moving smoothly through the California legislature with strong bi-partisan support, this landmark legislation has now become California law. [Read more…]