Tags Posts tagged with "Industrial Hemp"

Industrial Hemp

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Senator Sonny Borrelli, a Republican senator from Lake Havasu City sees economic opportunity in industrial hemp and wants to bring it into Arizona. Borrelli has sponsored a proposal to establish the groundwork for an industrial hemp industry in the state. If the measure is passed, Senate Bill 1337 would legalize the farming, sale, and distribution of industrial hemp. It would task the state’s agricultural department with oversight, regulation, and licensing of the industry. The bill passed 26-4 with bipartisan support in the Senate and is now in the House.

Borrelli stated, “It’s good policy. It’s economic development, and it’s good for the agriculture community.” Borrelli praised the benefits of hemp production as an economic driver, saying it would create jobs and essentially bring Arizona into a growing industry. He added that hemp could also prove a big boost for agriculture in the water-sensitive state because it requires less water than cotton to grow. The measure comes with its opposition.

Senator David Farnsworth was one of four senators who voted against the proposal. Although he sees the commercial benefits of hemp, Farnsworth said it could pose a challenge for law enforcement officers to distinguish between a small hemp plant and a small cannabis plant. He said, “Enforcement of our marijuana laws would be more difficult if we have a lot of hemp growing.” Farnsworth also expressed concern that hemp may be a backdoor approach to legalizing cannabis. Borrelli argued that there’s a misunderstanding about hemp’s association with cannabis.

The Controlled Substances Act of 1970 classified cannabis and its cannabinoids as a Schedule I controlled substance. This also impacted hemp because it possesses the cannabinoid Tetrahydrocannabinol, commonly referred to as THC, the part of the plant that produces a high. However, the level of THC in hemp is very low compared to cannabis. For example, the maximum THC content of legal industrial hemp in most states is about .3%, whereas NBC News reported the average THC content in Colorado’s legal marijuana to be 18.7%.

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Since growing hemp has been illegal for almost a full century, researchers have been unable to learn all the benefits associated with it. Currently, most states have an active hemp industry or have authorized hemp research.

Hemp is a distinct variety of the cannabis plant but it is not the same as marijuana. Although hemp is commonly associated with marijuana, it should not be.

Industrial hemp and marijuana are two completely different plants, inside and out. Hemp contains a very small amount (less than 1%) of tetrahydrocannabinol (THC), the primary psychoactive ingredient in marijuana (the chemical that gets a user high). Legal marijuana has a much larger amount of THC (between 15%-30%).

Benefits of industrial hemp

The benefits associated with hemp are endless. Countless products used by people every day can be created from hemp. Some of these products include the following:

• Paper products: Hemp can be used to make paper and it only takes a couple of months to grow. Hemp is environmentally friendly. It is naturally acid free and can be recycled up to 7 times (normal paper can be recycled up to 3 times).
• Clothing: Hemp can be used to make clothing. One acre of hemp produces as much material as 2-3 acres of cotton.
• Building materials: Hemp can be turned into a variety of building materials. You can build a wall out of hemp that is rot free, pest free, mold free, fire resistant, and will last 500 years. You can also make biodegradable plastic out of hemp.
• Gasoline/Fuel: Hemp can be turned into fuel that can be used in your car today. This is done by pressing the hempseed and turning its oil into a biodiesel that is biodegradable and cleaner for the air. Hemp is not the best alternative for fuel because it takes a lot of hemp to make one gallon of gas.
• Nutrition: Hemp can be used as a supplement for nutrition. Hemp is high in protein, contains essential omega 3 & 6 fatty acids, potassium, and dietary fiber.

A $50 billion industry by 2026

The benefits associated with hemp are endless. However, the best part about it is the conditions which it can grow under. If you look at pictures of New York from the mid-1900s, hemp was growing everywhere.

Hemp has multiple growing seasons and it can be grown in some of the toughest environments. Researches have estimated that the Florida hemp industry could be a $460 million dollar industry per year.

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After an increase in funding, the Conn Center for Renewable Energy Research at the University of Louisville is exploring the economics and science of commercializing industrial hemp. Henry “Hank” Conn, who has committed millions of dollars to fund the center and recently provided $160,000 to jumpstart hemp research said it’s a new line of work for the center but it matches well with its existing examination of biofuels, catalysts, and other chemical applications.

Additional underwriting will come from a large donation established more than 30 years ago by the late Ray Schnur Sr., a member of the first Speed graduating class in 1928 who operated two companies in Louisville. He made an initial endowment gift of $100,000, now more than $350,000, to fund technology purchases for Speed’s electrical engineering department. However, Schnur’s son Ray Jr. and his family asked that the annual proceeds be directed now to Conn’s hemp effort, a move that will soon take effect. “Hemp is the coming thing,” said the younger Schnur, who is 81 and the stepfather of David Barhorst, a Louisville developer and founder of Kentucky Hemp Ventures. Schnur said creating jobs from hemp will “help coal miners and tobacco farmers around the state.”

The Kentucky Department of Agriculture launched a pilot program under authority of the 2014 federal farm bill, which allows states that enact laws to permit hemp growing and research. It has given rise to several businesses that are working with selected farmers approved by the state to create foods and products from hemp fibers and oils. University of Kentucky agronomists have focused on aspects of growing and processing the crop. At Conn, scientists are looking at the potential after the harvest, for pelletizing hemp for biofuel, creating catalysts for various chemical applications and using cellulose as a fuel source, said Andrew Marsh, the center’s assistant director. “This whole thing just took off,” Marsh stated, after the center planted a test plot of hemp in August. Some Speed students did a literature search of hemp research, and Schnur stepped up, offering to redirect the endowment at Conn. To drive their work, center officials assembled a forum in early December with more than three dozen growers, processors, and business people.

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Since growing hemp has been illegal for almost a full century, researchers have been unable to learn all the benefits associated with it. Hemp is a distinct variety of the cannabis plant but it is not the same as marijuana. Although hemp is commonly associated with marijuana, it should not be.

 

The benefits associated with hemp are endless. Several products which are used by people every day can be created from hemp. These include paper, clothing, building materials, fuel, and nutrition.

 

The best part about growing hemp is the conditions which it can grow under. If you look at pictures of New York from the mid-1900s, hemp was growing everywhere. Hemp has multiple growing seasons and it can be grown in some of the toughest environments. Researches have estimated that the Florida hemp industry could be a $460 million-dollar industry per year.

 

Capitalizing on Hemp

 

Industrial hemp and marijuana are two completely different plants, inside and out. Hemp contains a very small amount (less than 1%) of tetrahydrocannabinol (THC), the primary psychoactive ingredient in marijuana (the chemical that gets a user high). Legal cannabis has a much larger amount of THC (between 15%-30%).

 

The surge in the number of publicly traded cannabis companies has made it difficult for investors to focus on legitimate investments in the industry. One of these is a NYSE-traded holding company, Compass Diversified Holdings (CODI).

 

The company offers investors the opportunity to invest in a company levered to the industrial hemp industry and offers a dividend.

 

What Does Compass Do?

 

Compass owns and manages a diverse family of established North American middle market businesses. In July, CODI finalized the acquisition of Fresh Hemp Foods Ltd., for $132.5 million (CAD) and sold its CamelBak Products, LLC subsidiary to Vista Outdoor Inc.

 

Fresh Hemp was founded in 1998 in Winnipeg, Canada and operates under the name Manitoba Harvest. The company produces and sells its products online and through retail stores in North America. Manitoba offers hemp hearts, heart bites, protein powders, oils, and food starter packs.

 

Manitoba’s products are currently carried in approximately 7,000 retail stores across the United States and Canada. During the fiscal year that ended on November 30, 2014, the company generated $37.9 million (CAD) in revenue, which represents a 23.9% increase on a year-over-year basis. Manitoba has continued to see significant revenue growth during the first half of its current fiscal year and they generated $27.6 million of revenue during this time.

 

CODI offers investors an 8.3% dividend yield or $1.44 in cash distributions per year. The company’s dividend has grown consistently over the years and its financial stability is secure, especially after the sale of its CamelBak subsidiary.

 

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Pennsylvania growers are being encouraged to share in a newly developed pilot research program that will add toward a better knowledge of what could be a new cash crop in the state. Secretary of Agriculture Russell Redding stated, “Hemp has a long history here in Pennsylvania, and we believe it holds a promising future. If we want to realize this crop’s full potential, though, we need the benefit of sound research.”

Industrial hemp was grown commercially in the United States until after World War II. Governments began to outlaw its cultivation in the mid-20th century because of its association with marijuana. Pennsylvania joins states like Kentucky and New York where officials and growers are keeping their focus on the seemingly profitable future of hemp growth. The Department of Agriculture will award $1,000 to successful hemp research program permit recipients to balance out the costs of the project under the cost-share program.

Grain farmer Ammon Carlyle is intrigued by the program. He stated, “I looked up ‘hemp’ online and learned that early in the country’s history it was widely grown and was a way that farmers made money. I plan to make an application to join the project.” Carlyle definitely has the land to hold the project.

Researchers who finish a hemp research project are qualified to apply, as long as the project has been approved by the Department of Agriculture. Under the Industrial Hemp Pilot Research Program guidelines, a maximum of thirty projects of five acres each will be selected for the 2017 growing season. The department will select the projects based on a complete program application. The department will issue a research permit to an institution of higher education or to a person contracted to grow industrial hemp for research purposes. The pilot research program follows the state and federal laws that allow industrial hemp to be grown in states where allowed.

The cut off date for Pennsylvania growers to apply for a 2017 PDA Industrial Hemp Research Pilot Program was January 6. Applicants who are approved for research projects will be notified by February 17.

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If you are one of the approximately 57 million Americans residing in a state which is voting on cannabis legalization this Tuesday, Nov. 8, 2016; your vote YES can put an end to the criminality of cannabis for more than one out of six Americans and bring the total to approximately one out of four Americans who reside in a legal state. Following is a list of the ten best reasons to convince everyone you know to do the right thing and vote YES on legalization:

1) Legalized Cannabis is Safer than Alcohol and Tobacco
It is absurd that we live in a society where the two most dangerous drugs; alcohol and tobacco, are the legal ones. These two substances cause over half-a-million deaths annually and lead to illnesses and injuries that affect society in health-care costs, lost productivity and law-enforcement expenses.

In over 7,000 years of recorded use by humans; cannabis has yet to cause a fatal overdose. Weed is not toxic and the greatest harm it has ever caused is the arrest, incarceration and lifelong burdens created by prohibition. Those against legalizing weed are concerned about making a third drug legal; as if prohibition has actually stopped its consumption. The public is already using it; they just have to commit a crime in order to do so.

2) Cannabis Prohibition is a Costly Failure
The Marijuana Tax Act; celebrating its 80th anniversary next year, was our nation’s first attempt to stop weed-smoking. It is probable that in those days a few hundred thousand people across the nation were “smoking weed.” In these days; the majority of people less than 50 years old have smoked weed and there are more than 30 million Americans smoking weed on a regular basis whether it’s legal or not.

More than 25 million Americans have been arrested for cannabis violations ever since President Nixon declared a war on drugs; costing over $1 trillion to prosecute. The cost of the prohibition is ridiculous; however, the four states that have legalized have seen a drop in cannabis arrests, crime has decreased and youth use has not changed.

3) Cannabis Prohibition Funds Gangs, Cartels and Terrorists
Since weed is now legal in four states; domestic marijuana is cheaper and better than its Mexican counterpart. This in turn is decreasing income for organized crime. Mexican farmers growing for the violent drug cartels have seen their profits decrease from $100 per kilo to less than $25.

Legalization will not put the cartels out of business. They are gangsters who will find other crimes for their funding. We can; however, shrink their customer base substantially. We need to stop giving violent criminals who do not pay taxes; nor follow regulations, business opportunities.

4) Cannabis Prohibition Hurts Youth & Minorities Most
Cannabis prohibition has been a key measure in institutional racism in our criminal-justice system. African-Americans are four times likelier than whites to be arrested for cannabis violations, although they basically use and sell cannabis at the same rates.

Cannabis prohibition makes it easy for police to make arrests and reap forfeiture and drug grant dollars. This allows police to focus on minority neighborhoods where weed users are easier to catch and have fewer resources to fight the charges. In turn contributing to the cycle of distrust between minority communities and the police. Legalization will not fix racist cops, but it will provide far less opportunities for them to act on their racism.

5) Legalized Cannabis Protects Kids Better Than Prohibition
“Monitoring the Future” survey has questioned high school seniors over the past 40 years in how easy it would be for them to acquire a bag of marijuana. Eighty to ninety percent of those surveyed have consistently replied stating access to cannabis is either “easy” or “fairly easy.”
This is due to the fact that marijuana dealers do not check ID and do not have a license to lose if they get caught selling pot to a child.

Just like a determined kid today will find a way to access alcohol or tobacco; nothing will hinder one from finding a joint. The fact is that in order for a child to access alcohol or tobacco there was most likely a corrupt adult helping. These days “kids” sell marijuana to one another. Making cannabis legal will move pot sales into secure, adults-only stores and reduces the profit potential for illegal sales. (When was the last time you saw a high school tequila dealer?) Last year was the first year that “easy” access to marijuana for 12th graders was less than 80 percent. This was after having four legalized states.

6) Legalized Cannabis is a Safe Therapeutic Supplement
Even though half the states have initiated protections for medical use of cannabis, that does not legalize the use of weed by patients. Even in California, where nearly anyone can get a medical cannabis recommendation and possession of less than one ounce is only a $100 ticket, there are still greater than 2,000 people yearly who go to jail for cannabis, serving an average of more than five months.

That is due to the fact that doctor visits and medical cards are expensive. It costs more than $400 in some states to register and qualify for a medical cannabis card. No disabled people living in poverty; nor sick people suffering from diseases that are not covered by law, should be treated as criminals for using an herb safer than over-the-counter aspirin or cough syrup.

7) Legalized Cannabis Replaces Toxic, Addictive Pharmaceuticals
America is suffering from an epidemic of opioid overdose. More people die annually from legal pharmaceuticals than all illegal drugs combined. Cannabis could be used to replace more than 17 popular pharmaceutical medications and is an herb that can be grown at little cost; therefore, legalization of weed would literally save lives of countless patients.

Because of this Big Pharma has been funding anti-pot campaigns. Insys Pharmaceutical has donated half-a-million dollars during this election in order to defeat legalization in Arizona. Insys Pharmaceutical is the maker of Fentanyl; which is the opioid painkiller which killed Prince and is 100 times more powerful than heroin. They are seeking patents on synthetic cannabinoid drugs they are researching.

8) Legalized Cannabis Opens the Possibilities for Industrial Hemp
The negativity towards cannabis is so strong in America that we even ban the non-psychoactive variety known as industrial hemp. Making us one of the few countries in the world banning a plant because it looks like one that gets you high. Cannabis legalization will help broaden the use of hemp in things such as: food, fuel, fiber, medicine, building material, revolutionary energy technologies and more.

9) Legalized Cannabis Raises Millions in New Tax Revenue
Cannabis is not invented due to legalization; it is however recognized as a popular commodity that should be taxed and regulated like all other commodities. The cannabis market will never go away. We can only help determine who controls most of it. Will it be tax-paying, job-creating, law-abiding businesses or murderous, police-corrupting, criminal cartels.

Prohibition does not control pot; it is the absence of control. States under prohibition spend time, money and resources enforcing it yet gain nothing from it. The four states that made cannabis legal have made more than $200 million in combined tax revenue, while spending less in the police department, courts, prisons, parole and probation offices as well as other agencies that are burdened by marijuana prosecutions.

10) Legalized Cannabis Works!
We are no longer in 2009 where legalization of pot is some hypothetical policy proposal. We have already legalized it in four states. Initially we encountered difficulties with kids and edibles, but those issues have been addressed through education, labeling, and packaging changes.

In the meantime; the older population for which legalization was intended for, have increased its use substantially. Ever since marijuana has been legalized in some states the roads are safer than ever. Overall driving deaths are down, workplace productivity is up, problematic dependence on cannabis is stable and millions of dollars in tax revenue have been collected. In Colorado alone, legalization has created over 18,000 jobs and contributed over $2.5 billion to the state economy.

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CHEYENNE, Wyo., April. 7, 2016 /PRNewswire/ — FBEC Worldwide, Inc. (FBEC) a  lifestyle brand company with a focus on Healthy Hemp™ & CBD infused consumer products, is pleased to announce it has successfully acquired & registered the trademark “Healthy Hemp™”. FBEC’s Healthy Hemp™ is trademarked for class 05 Dietary Beverage Supplements for Therapeutic Purposes, for class 030 Herbal Food Beverages and for class 034 Oral Vaporizers for smoking purposes.

CEO Jeffrey Greene stated, “Healthy Food is an incredibly fast growing $1 Trillion market. WolfShot™, our leading Healthy Hemp™ product, has been designed to be the first Energy Shot loaded with therapeutic hemp juice to meet the strong demand for a healthy solution in the currently tarnished & beleaguered Energy Shot market. Now we can finally have a dependable healthy solution that is good for everyone, and that’s no bull…pun intended. “

“Using my contacts and resources, one of my main goals is to court relationships with retail stores I feel we are a perfect fit for, such as, Whole Foods Market, Inc. (WFM), Albertsons, The Fresh Market & Trader Joe’s. It’s worth noting that all the retailers I mentioned  already carry some products such as, hemp seed, hemp milk, hemp oil or hemp powder,” said Mr. Greene.

About FBEC Worldwide, Inc.

FBEC Worldwide, Inc. is a lifestyle Brand Company with a focus on Healthy Hemp™ & CBD infused consumer products, both domestic and abroad. We are committed to increasing our market size and scope through the optics of creative marketing and most importantly customer satisfaction. Our growth strategies focus on a number of major initiatives, including unique branding opportunities that will be targeted at key demographic groups and to develop strong community and distributor relationships.

FBEC Worldwide is currently developing and building Healthy Hemp™ & CBD infused consumer products, focused on strong rates of growth within key fundamental consumer groups. Our company is dedicated to becoming the lead developer of name brand hemp & CBD infused consumer products.

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company’s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.

Investor Relations Contact:

Joe Sirianni
MIDAM Ventures LLC
(305) 707-7018
jsirianni@MidamIr.com
www.MIDAMIr.com

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    Best Marijuana Stocks

    CHEYENNE, Wyo., Mar. 31, 2016 /ACCESSWIRE/ — FBEC Worldwide, Inc. (FBEC), a  lifestyle brand company with a focus on hemp & CBD infused consumer products, is pleased to announce 50,000,000 common shares will be retired immediately.

    FBEC has been informed by Midam Ventures LLC that they will be retiring 50,000,000 shares back to the Company’s Treasury immediately.

    Midam’s managing partner Adam Heimann stated, “Myself and the entire MIDAM team care deeply about the longevity and success of FBEC Worldwide Inc. We know that success and longevity is contingent upon many things. While we can’t do everything,we can certainly do our part. We are retiring 50,000,000 shares of FBEC common stock in an effort to further improve its capital structure. We believe in this company and will do everything within our power to see it succeed.”

    CEO Jason Spatafora said, “I got the call from Mr. Heimann this morning and to say I was floored would be an understatement. It is such a rarity to work with people & companies that truly believe and support you & your company’s efforts. MIDAM Ventures & Adam Heimann have shown such support.”

    About FBEC Worldwide, Inc.

    FBEC Worldwide is a lifestyle Brand Company with a focus on hemp & CBD infused consumer products, both domestic and abroad. We are committed to increasing our market size and scope through the optics of creative marketing and most importantly customer satisfaction. Our growth strategies focus on a number of major initiatives including, unique branding opportunities that will be targeted at key demographic groups, and to develop strong community and distributor relationships.

    FBEC Worldwide is currently developing and building hemp & CBD infused consumer products, focused on strong rates of growth within key fundamental consumer groups. Our company is dedicated to becoming the lead developer of name brand hemp & CBD infused consumer products.

    Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company’s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.

    Investor Relations Contact:
    Joe Sirianni
    MIDAM Ventures LLC
    (305) 707-7018
    jsirianni@MidamIr.com
    www.MIDAMIr.com

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    Kentucky’s first hemp crop being experimented on, as allowed by new federal law, is going on throughout the state. Greg Hall, The Courier-Journal Kentucky is speeding up hemp production in the third year of testing its possibility of being a cash crop. The state Department of Agriculture stated on Friday that it has allowed the planting of over 4,500 acres of hemp for 2016 which is 900 acres more than what was allowed in 2015. Moreover, the testing started with just 33 acres in 2014, but the momentum built up after a change in leadership at the Agriculture Department.

    The resurrection of legal hemp development was credited to by then-state Agriculture Commissioner James Comer. Comer kept running for representative a year ago, losing in the Republican essential to Matt Bevin. In any case, his successor as Agriculture Commissioner, Ryan Quarles, has accepted the part of supporting for hemp.

    “Hemp is a bridge from Kentucky’s past to our future,” Quarles, a Republican, stated. “The Kentucky Department of Agriculture and our partners are committed to building upon the solid foundation of research for a Kentucky hemp industry that will create jobs and new marketing opportunities.”

    Kentucky has been at the cutting edge in endeavors to return hemp to standard status. The minor testing crop yielded in 2014 was the first lawful hemp crop in years in Kentucky. Growing hemp without a government grant was banned in 1970 because of its grouping as a controlled substance identified with cannabis.

    Hemp and weed are the same species, Cannabis sativa, yet hemp has a minuscule measure of THC, the psychoactive ingredient that gives weed users a high. Hemp got a restricted respite with the government ranch charge, which permits state agriculture departments to assign hemp projects for innovative work in states, for example, Kentucky that permits hemp developing.

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