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: Supply/Sourcing
Opinion: Hope is not a strategy, so stop tolling
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Julie Lerner is CEO of PanXchange, a commodity trading platform and benchmark price provider.) Basing the multibillion-dollar, pie-in-the-sky forecasts for the U.S. addressable market for CBD on retail shelf prices disturbs me. It’s as illogical as… Continue reading Opinion: Hope is not a strategy, so stop tolling
Venture capital firm Canopy Rivers sells 49% stake in Italian processor to RAMM Pharma
RAMM Pharma, a cannabis-based pharmaceutical company with products in several Latin American countries, has bought a 49% stake in the Sicilian CBD processing company Canapar. Based in Toronto, RAMM purchased the shares from the cannabis venture-capital firm Canopy Rivers. Under the agreement, RAMM paid $7 million cash to Canopy Rivers to buy a little more… Continue reading Venture capital firm Canopy Rivers sells 49% stake in Italian processor to RAMM Pharma
Alabama hemp company launches new fiber processing plant
BastCore, an Alabama-based hemp fiber company, has turned a former steam plant outside the capital of Montgomery into a processing facility, one of the first in the United States to offer a key link in the supply chain between Alabama’s farmers and hemp-derived product makers. Final electrical work was underway inside the processing facility last… Continue reading Alabama hemp company launches new fiber processing plant