Cultivation Archives - Green Market Report

StaffStaffSeptember 8, 2020
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3min3670

The USDA has decided it wants to hear from those in the industry with regards to proposed regulations now that they have gone through the 2020 growing season. The comment period for the interim final rule published on October 31, 2019, at 84 FR 58522, has been reopened. Comments must be received by October 8, 2020. The agency noted that people who were dealt with the regulatory requirements during 2020 could now comment on those requirements.

The Agriculture Marketing Service (AMS) said it received approximately 4,600 comments from stakeholders during the initial ninety-day public comment period. These comments represent the perspectives of various organizations and individuals within the stakeholder community and provided AMS additional context for decision making. AMS is reopening the public comment period for the Interim Final Rule (IFR) to encourage additional input on several topics identified by commenters during the initial ninety-day comment period. The reopening of the public comment period allows stakeholders to provide AMS with further insight gained from the 2020 hemp growing season.

Background

A domestic hemp production program was created as a result of the Agriculture Improvement Act of 2018, commonly called the Farm Bill. The U.S. Department of Agriculture (USDA) must approve plans submitted by States and Indian Tribes for the domestic production of hemp. It also established a Federal plan for producers in States or territories of Indian Tribes that do not have their own USDA-approved plan.

The program includes provisions for maintaining information on the land where hemp is produced, testing the levels of total tetrahydrocannabinol, disposing of plants not meeting necessary requirements, licensing requirements, and ensuring compliance with the requirements of the new part. As a supplement to statutory and regulatory requirements, the USDA made available additional guidance documents on sampling and laboratory testing. In addition, on February 27, 2020, USDA delayed requirements for hemp testing laboratories to obtain Drug Enforcement Administration (DEA) registration and clarified allowable cannabis disposal methods.

 


StaffStaffAugust 19, 2020
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8min16932

Editors Note: This is a guest post. 

If you grow marijuana for a dispensary or personal use, you should know these tips. This guide lists 7 marijuana growing tips every grower needs to know.

In case you didn’t know, CBD is now legal in 33 states, and medical marijuana in the remaining 17. That means that you can grow your own marijuana and make a living out of it. However, making a killing off the trade isn’t as easy as throwing marijuana seeds on the ground and harvesting liters of CBD oil.

Any serious marijuana grower knows that growing marijuana is incredibly difficult. Growing quality marijuana takes lots of diligence, commitment, and resources.  With the right marijuana growing tips; however, growing your own marijuana will be a piece of cake.

Even the most seasoned marijuana growers sometimes have a hard time getting a good yield. However, here is a couple of invaluable marijuana growing tips for both newbies and experienced growers.

  1. Great Genetics Are Everything

You don’t have to be a master marijuana grower to know that your marijuana is only as good as its genetics. The first step to growing some good marijuana is finding an excellent cannabis strain, and there are plenty to choose from. So the million-dollar question is, where do I find quality marijuana strains?

Finding the best weed strains is as simple as searching for them on the internet. You’ll find plenty of seed sellers online who can get you high-quality strains.  You can use the strain finder from Cannaconection to get a great strain.

However, remember to only buy your cannabis from a reputable seller for the best seed. Some swindlers will sell you schwag seeds for the price of a high-quality strain.

If you find a great strain, remember to take proper care of it for the best results.

  1. Always Grow Inside

If you want the best weed, then always grow your weed inside and not outside. Not saying that your weed won’t grow outside, but it’s highly unlikely you’ll get the results you want.

Growing inside gives you more control of the climate and the entire growth process.  Inside is also way hygienic than outside, making it perfect for growing marijuana.

Also, you don’t need an entire greenhouse to grow your marijuana indoors. You can use a few grow boxes that measure a few inches, and your results will be just as stunning. Check out these grow boxes from Bloom by Botanicare and see how they work for you.

  1. Have Proper Lighting

Growing marijuana indoors requires a lot of care, and one aspect you can’t overlook is the light. Outdoor marijuana plants have the privilege of receiving natural light from the sun. Since you’re growing yours indoors, you’ll have to make up for the absence of natural light.

To have your lighting in order, invest in high-quality lights, ballast, reflectors, and hoods. Always remember to change the bulbs at least twice a year.  Only settle for high-quality bulbs, the second-grade bulbs are just as good as an ordinary light bulb.

  1. Have Strict Bedtimes

Most cannabis strains have a short growing cycle of about eight weeks. As such, you need to have them reach their full potential in just two months.

One way of doing so is by having consistent “day” and “night” times. It’s best if they have about twelve hours of darkness and twelve hours of light each day.

Maintain this cycle for the entire two months, and you’ll grow some healthy cannabis. If you use smart lights, you can set them to turn off after twelve hours automatically and turn on again after another twelve hours.

  1. Take It Phase-By-Phase

Each phase of the marijuana growing cycle has different requirements. In the first growth stage, the plant requires a lot of nitrogen to grow and bloom. During the last stages of the plant’s life cycle, it requires virtually no nitrogen.

If you give it a lot of nitrogen during the last growing stages, then it may end up with a nasty metallic taste.  As such, you need to be keen on what you feed your plant at each stage of your life cycle.

  1. Be Careful With What You Feed Your Plants

Nutrient companies will hurl empty promises at your face, and you’re likely going to take the bait. When what they promise seems a bit unrealistic, then it’s probably not true. So don’t spend your money on expensive nutrients that do nothing for your plant.

Also, be on the lookout for knock off nutrients. They do more harm than good for your plants. You can spot knock-offs by their ridiculously low-price tags as compared to the original.

It’s also a good idea to stick to base element nutrients as opposed to pre-mixed ones. You can buy different base element nutrients and mix them by yourself. That way, you can give your plants exactly what they need.

  1. Water Quality Matters… A Lot

All water is not the same because of the quantity and types of dissolved solids in it. These dissolved solids can adversely affect the plant, depending on what they are.  Domestic water is a definite no-no because of the chlorine and fluoride used to treat the water.

These chemicals won’t kill your plants, but you won’t get the best results either. If you really want the best from your plants, then invest in a filtration or reverse osmosis system. Once you do, always remember to change your filters frequently for the best water quality.

It’s Now Upon You to Implement These Marijuana Growing Tips

The quality of your marijuana all rests on the attention and care you give to your plants. With these few marijuana growing tips, you’ll be growing the best marijuana in town.  Remember, it’s completely okay to invest a little money on your marijuana plants.

Most importantly, treat your plants like your babies and nurture them to healthy, blooming adults. While your cannabis plants grow, be sure to check out other informative pieces on the site.

 


Tee CorleyTee CorleyJuly 14, 2020
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8min8992

You’ve worked hard on your commercial grow space. Like a mad scientist, you test pH levels, precisely measure moisture, and strictly harvest your hemp at its peak maturity.

But when you’re growing large, leafy plants in tight spaces, finding the best lighting for your plants may be your biggest headache. Are your plants getting too little or too much light? Do you need to buy multiple lights to get you from seed to harvest? Can’t one light do it all?

Kind LED Lighting is declaring a resounding, “Yes!” Kind LED invites you to kick up your feet and rest your mind. This trusted brand has recently released the most important innovation in LED grow lamps since, well, LED lights. It’s called the X².

The Kind LED X² Difference

This commercial LED light was designed with the help of motivated engineers, agricultural scientists and hydroponic experts. Kind LED’s X² brought these fields together for revolutionary results: larger, more potent yields and a superior return on investment.

As the legal status of hemp and marijuana continues to relax, more entrepreneurs are trying their hands at commercial grow operations. Fortunately for new indoor farmers, the makers of the X², who have been growing commercially for several decades, have plenty of experience reconciling common problems.

Greenhouse and indoor grow operations are restricted by practical and scientific puzzles. For example, tight spaces can be hard to fill with light, especially as the canopy expands and provides shade for lower leaves. In turn, growers struggle to find the “right” amount of light. As the plant grows through its stages, it needs different lighting spectrums which could cost thousands in regular bar lights.

Naturally, balancing the intensity, heat and spectrum is too big of a job for a single grow lamp⁠—until now.

The X² steps ahead of the rest as it’s the only light you’ll need from seed to harvest. Fully tunable and customizable, the X² comes with an optional compatible 3-channel controller that gives you complete control over intensity and spectrum. And for those of you looking to scale your operation, rest assured that the controller can adjust over 500 X² lights simultaneously.

Built to accommodate gardeners with limited space, the X² utilizes three concentric squares made from LED light bars. This design ensures your plant is getting maximum photons from top to bottom.

The light that plants predominantly use for photosynthesis ranges from 400–700 nm. Referred to as Photosynthetically Active Radiation (PAR), this range includes red, blue and green wavebands, which match the LEDs on the X². With the X², you have full control over your spectrum.

With larger, healthier yields, you can expect a better return on your investment. LED lights always held promise for indoor gardeners. They’re cooler than standard HIDs and use about half of the electricity. Don’t waste money on high electricity bills from lighting and air conditioning.

With over 75,000 hours of lifetime use, you can expect to save money on replacing burnt out lamps, too. This LED light comes with a 5-year warranty to boot. The deluxe heatsink keeps your plants and electronic elements cool, preserving the life of your equipment for years to come.

Why is this grow lamp so important?

It wasn’t long ago that LED lights hit the market with promises of using less electricity while emitting intense light and keeping their cool.

But the people behind Kind LED, as well as many other cannabis growers, were quickly disappointed. They found LEDs didn’t have the intensity and spectrum needed to effectively grow large, potent plants. Forced back into using energy-sapping, heat-producing HIDs, Kind LED felt there must be another way.

Ever since, Kind LED has been leading the industry in LED lighting innovation. The promises of LED lighting may have been too good to be true, but they were also too good to ignore. Kind LED bar lights have now become the world’s number one selling LED grow lights, but they didn’t stop there.

The X2 is an important step in cost-saving, heat-reducing LED lighting. Kind LED’s engineers ensured that this light is intense or dim depending on your plants’ needs and within an effective PAR for healthy growth. This light eliminates the need to move plants to special grow stations based on their growth stage. The X² saves growers time, money, headaches and valuable space.

Kind LED Lighting X² Features & Specs

Let’s get down to the details. The specs on this LED grow lamp are impressive.

  • Dimensions: 39.4” x 39.4” x 4.3”
  • Weight: 40.2 lbs
  • Spectrum: 3-channel, fully adjustable
  • Has a true PPF of 1650 μmol/sec
  • Efficacy of 2.22 μmol/J
  • Max wattage: 750w
  • >75,000 lifetime hours
  • 5-year warranty
  • Control light spectrum, intensity and timing for more than 500 X2s with the compatible controller
  • Large heatsink keeps your plants and electronics cool
  • Retail price: $1,695; optional controller: $299.95

 


StaffStaffJuly 3, 2020
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8min10803

Editors Note: this is a guest post.

Cannabis can be used in countless ways. It relieves stress, chronic pains, and a wide plethora of other conditions. Besides medicinal uses, people consume marijuana to relax or help them fall asleep. 

The great thing about the times we live in is that it’s an era of marijuana legalization and getting a hold of exactly the type of weed you’re after is easier than ever. If you don’t believe that to be true and you’re in Nevada, just look up Las Vegas Dispensaries and large cities in other legal states are increasingly becoming hotspots for cannabis enthusiasts and entrepreneurs.

One of the most popular misconceptions about cannabis is that it turns you into a lazy, unmotivated couch potato. While it certainly rings true for some of the strains out there, it is worth remembering that there are others, which can fire up your imagination, breathe life into conversations, and expedite the creative process. 

The trick lies in knowing which strain to choose for those particular moments when you are trying to get in the right headspace to get that creative spark going. If that’s what you’re after, be sure to check out one of these six strains listed below. 

Jack Herer 

Named after one of the greatest cannabis rights activists in history, this strain will elevate your mind up to a point where you will be spitting out new ideas one after another. 

Besides the euphoric effect, Jack Herer is a treat to smoke due to its fruity, peppery flavour. Whether you’re enjoying it in the form of a joint or bong hit, it will pack a punch that you will not soon forget. Another advantage is that contrary to other popular strains, Jack Herer leaves you clear-headed without the all-too-familiar dazy feeling one might get after the high goes away. 

Jack Herer was recognized for its inspiring qualities by the international community of enthusiasts, having won numerous awards for its potency and creativity-friendly effects. 

Berry White 

Also known as Blue Widow or White Berry, this particular strain of cannabis is a sativa-dominant hybrid, which already gives away that you’re in for an energizing kick! 

A hit of Berry White will definitely inspire many creative endeavours. Additionally, the high is very balanced, eliminating the risk of increased anxiety and paranoia which is often associated with sativa-dominant hybrids. 

Berry White will leave you energized and ready to create, while keeping your mind focused instead of going all over the place and ruining your experience. 

Tangerine Dream 

Many people in the community will refer to it by Tangie, but regardless of the name it goes by, this strain is recognized and appreciated by artists and other creative individuals. Its main benefits include a long-lasting high — an uplifting experience with just enough relaxing qualities to keep you in the zone for a while.  

What makes Tangerine Dream really stand out though, is its refreshing aroma and an unmistakable, fruity flavor. Aptly named after tangerines, this strain really does bring to mind those delicious citruses. 

Whether you’re a musician, writer, or any other type of a creative soul, Tangerine Dream is definitely a strain that should end up in your stash one day. 

Jillybean 

An incredibly powerful strain with a non-threatening name, Jillybean is the queen of fun. The effects are almost immediate, and the most reported feeling after consuming it is overwhelming bliss and euphoria. 

Jillybean is a favorite of creatives and social butterflies alike, as it enhances the quality of your social interaction and increases empathy for fellow human beings. You can recognize it by the strong aroma of orange with a hint of mango — it’s similar to Tangerine Dream in this aspect. 

This particular creativity-enhancing strain works especially well if you’re in need of a long, uninterrupted session of brainstorming and piecing together your ideas, especially if you’re participating in a collaborative effort!

Kali Mist 

If your creativity is hindered by a lack of energy, then this strain might just be exactly what you’re looking for to boost you up and get those creative juices flowing at a higher rate. 

The perfect pick-me-up strain, Kali Mist’s rejuvenating qualities were oftentimes hailed as “psychedelic” by users, due to its focus-enhancing and ego-crushing abilities. Kali Mist is the perfect choice when you need to open up your mind to new, challenging ideas. 

Be wary of its side effects though — if you’re planning a longer session in Kali Mist’s company, make sure you have enough water to stay hydrated, as this strain is infamous for causing intense cottonmouth in some users. 

LSD 

Although its name may suggest otherwise, the LSD strain won’t make hallucinate or trip out like you would on psychedelics. The similarity lies in the euphoric feeling that comes with smoking this type of cannabis. 

Just like all of the strains listed above, LSD is also a sativa-dominant hybrid, but the characteristic attribute that sets it apart from the rest is the strong, but not overwhelming body high that accompanies the energizing effects. 

 


StaffStaffMarch 5, 2020
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5min14440

This week marks the annual Philadelphia Flower Show, the oldest and largest horticultural event in the US.  While there won’t be any cannabis plants on display due to Pennsylvania state law, cannabis is still front and center at this year’s show, with a booth and educational sessions being run by the cannabis-focused marketing firm Chronic.

The Philadelphia Flower Show is the nation’s largest and longest-running horticultural event and features stunning displays by the world’s premier floral and landscape designers. Started in 1829 by the Pennsylvania Horticultural Society, the show introduces diverse and sustainable plant varieties and garden and design concepts. Thousands of people have traveled from around the world for this year’s event, as they do every year.

In addition to the major displays, the Flower Show hosts world-renowned competitions in horticulture and artistic floral arranging, gardening presentations and demonstrations, and the citywide Bloom Philly pre-Show celebration. The Philadelphia Flower Show has been honored as the best event in the world by the International Festivals & Events Association, competing with events such as the Kentucky Derby Festival, Tournament of Roses Parade, Indianapolis 500 Festival, and other international celebrations.  It’s a big deal – which is why it’s big news that this show is the first of its kind nationally to enable Cannabis education – as was covered here in the Philadelphia Inquirer the day the show opened.

Lisa Hurwitz, the CMO of Grassroots, which also owns Herbology dispensaries in the Philadelphia area, discussed this big step with us.

“We are excited to be a part of this year’s event to share our knowledge and expertise to further raise awareness and educate the public on the benefits of medical marijuana,” said Hurwitz.  “We’re thrilled to see all the engagement with attendees, which reflects our core mission to be invested in the communities we serve and welcoming to patients from all walks of life.”

“The Greenroom” is that booth – a stylish educational exhibit, which sits on a prominent spot toward the middle of the Philadelphia Convention Center floor.  A few cannabis experts staff the space, ready to answer questions and provide basic information about the thriving medical marijuana program in Pennsylvania and medical programs in the surrounding states of New Jersey, New York and Maryland.

“We’re here to let the thousands of attendees this week understand the benefits of medical marijuana and that it has become a resource they can depend on,” said Greg Ricciardi, the President and CEO of the Conshohocken, Pennsylvania-based cannabis marketing agency Chronic. “We have an abundance of information that anyone could need about the cannabis plant, it’s history, how it’s cultivated, how to get your medical card, where to purchase, what questions to ask, and what to expect from treating aches and pains, as well as other ailments with medical marijuana. We want to be a primary resource of factual information for Flower Show visitors and anyone else who’s curious about cannabis.”


StaffStaffFebruary 26, 2020
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3min17190

The Nevada Department of Taxation issued a Public Health and Safety Notice Advisory 2020-05 on February 21, 2020, advising consumers and patients to avoid consuming marijuana which was listed in the notice. The affected marijuana failed secondary microbial testing conducted by an independent testing laboratory. The cannabis was tested for yeast and mold, bile-tolerant gram-negative bacteria, coliforms, and Aspergillus. This was a follow-up advisory to Public Health and Safety Advisory 2019-03 and is part of the same investigation.

The list included the following strains: Jack Herer, Cactus OG, White OG B Blend, Wookie, Fruitcake, 13 Gorillas, Blue Zkittlez, Cherry OG-F3, Last OG, King Kong Cookies, White OG, Lavender Jones, Zombie Kush, Gelato Glue, Monster Cookies, TK Stardawg Haze, Vegas Golden Kush, Code Orange, and Purple Goats.

The products were sold at the following dispensaries, however, the statement said that there was no reason to believe that the dispensaries or cultivators had any knowledge that the products exceeded allowable limits.

  • Essence
  • Rise (owned by GTI or Green Thumb Industries)
  • Thrive Cannabis Marketplace
  • MMJ America
  • Fine Cannabis Dispensary
  • Jardin Premium Cannabis Dispensary
  • Curaleaf
  • ShowGrow
  • Blum
  • Nevada Made Marijuana
  • Jenny’s Dispensary
  • Las Vegas ReLeaf
  • Sahara Wellness
  • Top Notch Health Center
  • Deep Roots Harvest
  • Acres Cannabis
  • The Source
  • Thrive Cannabis Marketplace
  • Exhale
  • Silver Sage
  • The Grove
  • Oasis Cannabis and The Dispensary NV

The affected marijuana was cultivated by the following cultivators and was harvested between May 2019 and November 2019:
1. Integral Cultivation LLC (license #70155083229545863037)
2. THC Nevada LLC (license #54980305084297438991)
3. 3AP INC (license #52712498758628776807)
4. Nevada Group Wellness LLC (license # 28729875179355972226)
5. Qualcan LLC (license #35051929286907100905)
6. Franklin BioScience NV LLC (license #82088286840467115782)

CANNEX Nevada LLC, an independent marijuana testing facility, provided passing test results to the cultivators for all above-mentioned products. CANNEX had been closed in December pending a review of its lab practices. The company was subsequently approved to begin testing again provided it abide by the required steps as per the state.

 

 

 


Julie AitchesonJulie AitchesonJanuary 29, 2020
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4min24150

Just over a year from the date when the 2018 Farm Bill removed hemp from the list of controlled substances and legalized it for industrial growth, issues plaguing hemp producers in 2019 are coming to light. The most dominant pitfalls include a glutted market, unpredictable climate, problems with mold and pests, and a chronic shortage of adequate drying facilities.

Seasoned farmers are no strangers to these types of problems, but industrial hemp poses a new challenge: how to bring a crop in under the .3% THC limit mandated by the federal government.

In an October article by Chuck Abbot at www.agriculture.com, analysts at agricultural lender CoBank forecasted that changing federal regulations would make it difficult for growers to keep up with guidelines for testing plants for excess THC. The National Law Review published a piece on Jan. 19, 2020 entitled “Key Takeaways From USDA Final Interim Rules for Domestic Hemp Production”. (These interim rules are set to expire in 2021 and will be replaced by finalized regulations.)

The scope of the rules includes conditions for growing, processing and/or selling hemp, and requires an approved testing and sampling procedure to ensure that no plant exceeds .3% THC content. Unfortunately, the currently approved method focuses solely on identifying the THC content of the plant rather than its genetic profile (which can definitively identify the plant as hemp). Testing only for THC content leaves this undetermined.

A hemp plant can “go hot” (aka experience a spike in THC levels) due to using a new seed variety, environmental factors, or a plant left to flower for too long. This can lead to what the National Law Review article describes as “excessive non-compliance and crop destruction”, not to mention devastating financial losses for growers. Writing for local Denver publication Westword, Mathew Van Deventer reports that fourth-generation farmer Randy Taylor was forced to destroy eighty acres under hemp production when that hemp tested at .47% THC by the Colorado Department of Agriculture. The CDA is attempting to address this conundrum by approving and overseeing the development of industrial hemp seeds specifically engineered for low THC/high CBD content.

Theresa Bennett’s Q&A with Vote Hemp President Eric Steenstra at www.hempgrower.com  provides further insight into the issue. Steenstra shares that there has been almost a 500% increase in the number of people growing hemp nationwide over last year. These new growers are largely unfamiliar with the complexities of the genetic seed make-up required to keep THC in crops from spiking. As a result, buyers are favoring larger-scale operations with tested seed stock and reliable facilities, which edges new growers out of the market before they gain a foothold.

Despite the obstacle that regulations regarding THC content pose for unseasoned producers, industrial hemp still shows a profit margin generous enough to lure those willing to educate themselves and keep abreast of the changing guidelines into the industry. Hopefully, the lessons of 2019 will make for a less perilous and more profitable learning curve for aspiring hemp entrepreneurs in 2020.


StaffStaffDecember 2, 2019
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7min22401

Currently, there is a bit of confusion regarding the legalization of hemp as an industry in the States. This confusion leads the local government to ban new farmers from attending to their hemp gardens for fear of being penalized under the new law.

The next few paragraphs will hopefully clear all the confusion away and allow new farmers to work on their land without much hesitation and limitation. 

Where the Confusion Lies

The confusion lies mainly with the different individual laws that are passed with regard to hemp production and planting in different American states. Most of these areas act as though they are their country ways exclusive set of laws that only applies to their jurisdiction.

At present, a few news outlets have already expressed their dismay regarding the food and drug administration’s lack of clear cut guidelines regarding the implementation of the new ordinance regarding hemp production.

Some of these experts also tend to confuse CBD (hemp) with marijuana, which is still illegal in some American states. Because of the confusion, most of the so-called independent states that support the legalization of hemp have made some changes in their policies, which prevent new farmers from producing this helpful product and therefore damaging the industry as a whole.

The Effects

In addition to this, some establishments already prohibit the offering of hand based products in fear of the new laws. These bans in some New York establishments have taken effect since July of 2019. 

Law enforcement has arrested many under the assumption that the perpetrators allegedly carry marijuana and have delivered products laced with THC, which is known as the basic component of the plant-based drug in various states in the country.

The Official Statement

In a statement, the FDA said that the regulations and implementing rules regarding the ordinance would vary depending on the accused intent and purpose of use. This stipulation means that the alleged owner of the CBD would be released if they have carried and use the products as medication as opposed to eating it outright.

The agency also has said that they are aware of increased public interest in the use of CBD and are committed to finding ways to allow lawful marketing of CBD in public. This way, people will still be able to reap the health benefits of utilizing CBD or hemp as part of the farming industry.

Individual Policies

For now, the people must be content with each state’s individual ordinance against or for the legal use of hemp in each of these areas. Here are some additional details regarding the allowed amount of hemp in each state.

  • Alabama, Colorado, and Maine allow production and delivery of hemp as long as it has less than 3% of THC in it.
  • On the other hand, Indiana, Texas, and Utah require QR codes to allow this a delivery and distribution of CBD-based products.
  • In New York, some CBD-based products are allowed. However, there are a few that will remain uncertain about using this particular product as an additive in recipes.
  • California allows CBD-based food products as long as there are proper certification and labeling within the packaging itself.
  • New bills and ordinances could be passed for or against CBD Products and its producers in North Carolina.
  • In Alaska, officials will only place and enact new guidelines regarding hemp, its production, and use upon successful testing.

The U.S. is one of the proponents of the legalization of CBD-based Products in the world. However, it seems that the lack of clear regulation regarding the production of this product is most likely to affect the popularity of the product within the country itself.

The FDA certainly will make sure that they can provide the necessary evidence and tools that could help producers and vendors of these products to benefit from the ever-growing CBD industry, not only the U.S. but all over the world.

Conclusion

It is certainly just a matter of time, so if you are interested in becoming a CBD producer, it would be best to know the product itself and the regulations involved in making it. This way, you will be safe in running the business. You should look at some of the best weed strains available in the market before making your final decision. This way, you will get the best out of the product in the future.

Guest Post by Alan Wood.


StaffStaffNovember 16, 2019
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7min15412

The USA has a new boom for hemp farmers. Though it is forbidden to consume cannabis at the federal level, 33 states legalized its usage for medical purposes and 11 states don’t mind about you smoking hemp for your personal advantage. 

Let’s distinguish the difference between hemp and marijuana. There are over 50 thousands of goods that have hemp as one of the ingredients. They include clothes, cosmetics, beverages, food, construction supplies, etc. These two types of crops are cultivated from one sort of plant, Cannabis sativa L. However, hemp has only 0.3% of THC (Tetrahydrocannabinol), the addictive component of marijuana. This means, that hemp can’t make you high and doesn’t have a similar effect as smoking a joint of marijuana. 

According to Barclays Bank and EssayShark, the size of the legal cannabis market reached $28 billion in the past year. If the USA legalizes the full cannabis market, it will enhance to $41 billion by 2028.  In case the medical usage is legalized in Europe and at the federal level, the market will grow to $55 billion. It’s logical that such perspectives attract lots of investors. This fact led to the appearance of many hemp-related startups in 2018. At the beginning of 2019, their total value was worth $1.2 billion.

It’s not surprising that these tendencies and potential increased the number of new hemp farmers. There are limits to growing cannabis, but they are quite ridiculous. For example, you can’t grow more than three sorts of the plant. A person can freely grow up to 6 bushes of hemp. People who managed to “catch the wave” of planting cannabis have now grown to the earning millions of dollars. The average price for their final product is seven thousand dollars per one kilo. Farmers are sure that it’s better to work legally and the prohibitions only support the drug dealers and the development of the black market.

The product that had been illegally brought to the USA turned into legal goods. Authorities imposed taxes and customs on them. Workers involved in the hemp industry obtained official employment, government establishments started checking the quality of the product. As a result, the price for legal cannabis increased by 5-6 times in comparison to the illegal options. Many people with low budgets prefer purchasing under-the-table weed instead of paying more. Thus, the new hemp farmers who want to have a stable income must sell their product almost without any retail margin to compete with the existing offers until they have a stable audience of customers. 

Due to the high demand and the global madness over an opportunity to earn money in this industry, many people attempt starting their own production of hemp. Those people who have never had experience with anything related to agriculture (it is agriculture by any measure) have a strong belief that it’s a piece of cake. New hemp farmers usually make the same mistakes. They don’t compile a harvest plan and take into account the weather conditions. As a result, they might lose their yield or have a smaller amount of crop than expected.

Another reason that influences the new businessmen is their confidence in finding the customers or contractors for selling their products. Experienced and considered farmers search for the contractors prior to planting the crop. Therefore, they can estimate the approximate number and the workforce required to cultivate and process the product. The majority of new farmers rely on independent contractors who have to cultivate, harvest, and dry their crops. Unfortunately, many such contractors make only verbal promises and don’t satisfy their customers’ needs. As a result, farmers fail to yield and process hemp to have a final product for sale. 

It’s difficult for amateur farmers to enter the market and beat the competition. The huge processing and harvesting companies in the industry leave almost no chances for small businesses. Thus, even if you consider all the negative factors like unfortunate weather, low prices, lack of labor, and create a perfect harvesting plan, there is still a high possibility that you might push your income into the red. The industry is facing the oversupply of hemp which leads to the decreased rates. Many farmers hurry to fire-sale their crops to anyone not to lose all the money and efforts put into the cultivation, harvesting, and processing. 

The hemp market is definitely flourishing in the USA. Unfortunately, the equipment, workforce, knowledge, skills, and time required to grow cannabis might be too much for the newbie farmers. They tend to underestimate the efforts and financial risks for entering this sphere. 

Guest post by Kelly Pethick


StaffStaffJune 27, 2019
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4min17440
Dr. Jared Helfant graduated Cum Laude with dual degrees in health science and business from the University of Florida while simultaneously owning and operating a successful college town nightclub and lounge, called Simon’s, in Gainesville. He has since graduated top of his class from NYU dental school and built the TLC Dental brand that includes 5 successful locations in South Florida.
At Sparx, Dr. Helfant applies his expertise to oversee operations, branding, and marketing. With a proven track record of providing top-tier, customer-facing services and long-term strategic planning, his knowledge helps facilitate budget analysis, marketing strategies, and partner relationships.
GMR Executive Spotlight Q&A – 

Full birth name: Dr. Jared Noah Helfant 

Title: Co-Founder and President 

Company: Sparx Cannabis

Years at current company: 1

Education profile: Dr. Jared Helfant graduated Cum Laude with dual degrees in health science and business from the University of Florida. He has since graduated top of his class from New York University Dental School.

Most successful professional accomplishment before cannabis: Help build the TLC Dental brand that includes five successful locations in South Florida.

Company Mission: Sparx Cannabis is a California-grown, vertically-integrated and family-owned lifestyle brand that fits into the everyday life of cannabis consumers across all demographics and backgrounds. 

Sparx wants to remove the stigma and stereotypes that are associated with cannabis by showing how cannabis fits into the motto “Everyone, Everyday.” Sparx Cannabis strives to provide the highest quality, premium product through state-of-the-art technology and innovations that continue to move the industry forward. 

Company’s most successful achievement: Raising $10,000,000 in Series A funding to help expand the company’s footprint, hire more hard working employees and give back to the community. 

Has the company raised any capital (yes or no): Yes

If so, how much?: $10,000,000 in Series A funding was announced this month (June 2019)

Any plans on raising capital in the future? We do plan to raise additional capital in the future, but right now we are focused on utilizing our most recent Series A funding of $10 million. 

Most important company 5 year goal: In five years, Sparx Cannabis hopes to expand our footprint into multiple markets across California and potentially the country depending on how regulations change.



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