Hemp imports were cited as a main driver for Congress voting in 2014 to authorize limited experimentation with the crop after decades of head-scratching policies allowing hemp to be bought and sold in the United States — as long as it was grown somewhere else. But hemp exports have grown dramatically ever since. Hemp imports… Continue reading Chart: US hemp legalization hasn’t cooled imports
Category: Hemp & CBD Industry Factbook
Chart: Despite buzz around delta-8 THC, cannabinoid cultivation dominated by CBD, CBG
The entire cannabis industry is buzzing about delta-8 THC and other cannabinoids found rarely in the plant but gaining favor among growers and consumers. Indeed, there has been a noticeable shift toward so-called novel cannabinoids among hemp producers surveyed by Hemp Industry Daily. But CBD still rules the roost. Cannabidiol, by far, continues to be… Continue reading Chart: Despite buzz around delta-8 THC, cannabinoid cultivation dominated by CBD, CBG
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