USDA: Slowing bailout payments will cause farm income to fall in 2021

U.S. farmers could bring home almost $10 billion less in annual income in 2021 because of slowed federal pandemic payouts to farmers. The U.S. Department of Agriculture projects that farm income in 2021 will decrease $9.8 billion, to $111.4 billion. The falling income forecast comes as Congress pumps the brakes on pandemic-related relief funds for… Continue reading USDA: Slowing bailout payments will cause farm income to fall in 2021

Hemp licenses up, but acreage down in 2020 – yet industry is optimistic for growth

For all the growth that the hemp and CBD industry has seen as a nascent industry in recent years, last year farmers took a step back and devoted fewer resources to the crop – the enthusiasm of previous years tempered by oversupply, supply-chain issues and a lack of infrastructure. Licensed hemp acreage decreased in 2020… Continue reading Hemp licenses up, but acreage down in 2020 – yet industry is optimistic for growth

Denmark medical cannabis sales post a positive quarter thanks to Epidiolex

A longer version of this story appears at Marijuana Business Daily International. Sales of medical marijuana in Denmark posted healthy gains in the third quarter of 2020, coinciding with the launch of GW Pharmaceuticals’ CBD drug Epidiolex. Overall sales of all medial cannabis products grew from about 13 million Danish Krones ($2 million) in the… Continue reading Denmark medical cannabis sales post a positive quarter thanks to Epidiolex