hemp Archives - Green Market Report

Debra BorchardtSeptember 9, 2021
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4min12940

Flora Growth Corp. (NASDAQ: FLGC) has entered into a commercial agreement with American e-commerce company Zulily to launch a sales and marketing campaign across the US for its Stardog Loungewear product line. The Flora brand and product launch through Zulily will initially feature Stardog’s best-selling product, hemp shoes, and is expected to kick off within the next month.

Zulily is a huge online retailer with annual sales of more than $1.5 billion and 5 million active customers. Zulily launches thousands of products each day, curating personalized shopping experiences. Zulily’s app uses compelling video and imagery to bring more than 15,000 big name brands and boutique finds to life on mobile, including brands such as Callaway, Cuisinart, Disney, Hanes, New Balance, SOREL, UGG, and Under Armour.

“In speaking with the category management team from Zulily, it was clear that they were looking to onboard special products with compelling values at attractive price points, differentiated by stories that inspire and excite consumers – this aptly describes Stardog and how we’ve executed mindfully building and scaling the brand, ” said Nicolás Vásquez, General Manager of Stardog Loungewear. “At Stardog, we are reframing our connection with nature by working with materials that can easily go back to where they came from. Growing the finest quality organic hemp fibers allows us to equip our tailors with the very best materials to design and handcraft our loungewear for consumers. Stardog is a shining example of the slow fashion movement that considers all aspects of the supply chain, aiming to respect people, the environment, and animals.”

Flora is a cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below-market prices.

“Conversations around corporate social responsibility and having a transparent supply chain are more prevalent today than ever before as consumers carefully consider how to spend their hard-earned dollars. When reviewing potential distribution partners to launch this campaign, it was evident to us that Zulily was able to effectively take consumers on a digital discovery journey that could accurately capture the story we’re trying to tell, make a personal connection, and provide us with the opportunity to expand this campaign into a larger initiative across our entire brand and product portfolio,” said Jason Warnock, Chief Revenue Officer of Flora Growth. “Stardog has an extremely passionate and engaged community in Colombia and we’re looking forward to working with the team at Zulily to help create the same demand and engagement we see at home. By taking a customer-centric approach and implementing a comprehensive marketing strategy coordinated across the entire customer journey, we believe that we’re effectively positioning Stardog to be as leading global hemp textile brand and look forward to announcing further distribution deals.”


Debra BorchardtAugust 30, 2021
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6min23390

As hemp prices continue to fall, farmers are leaving. When the Farm Bill of 2018 passed, farmers rejoiced at the ability to legally grow hemp. Visions of massive demand for CBD products caused farmers to plant thousands of acres. Indeed, it seemed a sure-fire thing. Seemingly overnight numerous products on retailers’ shelves had some version with CBD included. Body products, foods, and supplements all touted the benefits of having CBD added. Then it all fell apart as several problems combined to crash the market.

The problems ranged from a lack of guidance from the FDA, falling prices, less demand for CBD than expected, weather-related issues, and a pandemic. The crops planted in 2019  led to a glut of biomass that persists today. Farmers that were unable to make any money have left the business leaving only the truly committed. 

Price Crash

The glut of biomass caused the prices to slide as the market worked its way through the supply. Hemp Benchmarks’ latest August report wrote, “CBG Biomass and extracted CBG products also saw their observed wholesale prices continue to slide this month. In regard to Crude CBD Oil, Hemp Benchmarks observed USDA Certified Organic and THC Free product that helped to buttress the category’s spot price somewhat, but this month’s assessed price for Crude saw an overall decline on an increase in the frequency of reported deals settling under $100 per kilogram.” Indoor-grown CBD flower is down 3% from July, greenhouse-grown CBD flower has dropped 5% from July and only outdoor grown CBD flower saw its price rise by 7% from July according to the Benchmarks data.

One example of the drastic fall in prices comes from North Dakota, where Veronica Michael told the Hemp Benchmark, “When we first started extraction [in the spring of 2019], crude had been around $1,400 [per kilogram],” she remembered. “I got a call from two buyers in the last two weeks. One was in Colorado and one was in Washington. Both were offering from about $80 to $120 [per kilogram] for crude. That’s ridiculously low. When you look at distillates and isolates, the numbers aren’t good either. People want to buy distillates and isolates for less than we can make them for unless you’re a really big producer. It makes me nervous and scared for the future.”

Farmers Leaving

Hemp Benchmarks reported that it counted 10,881 hemp farming licenses issued nationwide for the 2021 season, down 45% from 19,799 hemp cultivation licenses documented in 2020. Brett Eaton, CEO and founder of Green Cherry Organics in Fort Collins, Colorado Told Hemp Benchmarks that “24 of the 28 hemp farmers he works with regularly are not planting hemp this year. Eaton’s company created the first USDA-certified organic hemp greenhouse in the United States. It also sells its CBD products and clones nationally, and works with hemp farmers in 11 different states.”

With no one to buy the hemp or prices so low that it doesn’t cover the expense of growing, many farmers returned to more traditional crops whose prices have soared. Corn and wheat crops affected by droughts have seen prices at three-month highs. The droughts in some areas contrast with overly heavy rains in other areas. The market has also seen a shift where hemp is being planted. Colorado hemp acres have fallen from 2020 to 2021, while Texas and Illinois have dramatically increased planting. Oregon, which has been a big state for hemp farmers, is seeing those acres face the criticism that the hemp plantings are masking actual illegal THC heavy cannabis farming. 

Outlook

For now, the outlook remains challenging. Many of the farmers cited in the August Hemp Benchmark report said that if the FDA would settle the issues around hemp regulations the market could recover. However, the FDA seems to be punting back to Congress and isn’t moving to take a stand. No one can do anything about the weather or pandemic forced quarantine issues. The industry could be helped by consolidation, but that doesn’t look to be happening. The THC side of the cannabis industry is awash in M&A deals, but the hemp side has just seen businesses close versus being acquired or merging. 

One thing that could help with the 2019 glut is that some of the remaining product is now turning brown and moldy. That suggests that at some point CBD brands will need to buy new CBD products and with fewer farmers planting less acreage, prices would surely rise. Still, the hemp farming industry is clearly becoming one for long-term players. It is not the quick turn on investment that the THC cannabis industry enjoys. 


Julie AitchesonAugust 3, 2021
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5min22330

July 2021 saw record-setting temperatures in parts of the country, alarming spikes in Delta variant Covid infections, and large numbers of Americans returning to summer vacationing after having last summer’s dreams of ocean breezes and lakeshore barbecues dashed by the pandemic. It was also a notable, if not promising month for hemp. Hemp Benchmarks, a division of New Leaf Data Services and leading provider of financial, business, and industry data for the North American hemp markets, recently issued its report for July, which touches on some of the most high-profile talking points of the hemp market to date.

Wholesale cannabis prices have been experiencing a steady decline overall, with the exception of Crude CBD Oil and Broad Spectrum CBD Distillate. These products saw modest price rises in July but still fell short of the prices they topped out at a few months ago. There have been increases in transaction frequency and volume for CBD Biomass and extracted CBD products thanks to strong demand for delta-8 THC, which is synthesized from these products, but this has not been sufficient to move the needle on prices. Despite a steady demand, assessed prices for Delta-8 THC Distillate and Smokable CBD flower both dropped for the second month running, with indoor and greenhouse-grown products earning higher rates from buyers.

Delta-8 Demand

You might wonder why, with its steady-and-still-growing demand among consumers, Delta-8 THC has not been the rising tide that lifts all boats in terms of hemp sales. It may be due in part to state-by-state regulations and restrictions regarding its sale and use. As of July 1, The Connecticut Department of Consumer Protection established that businesses may no longer offer or sell products made using hemp or hemp-derived products with any concentration of THC, including deltas-7,8,9 and 10. A Senate bill signed into law on June 22, 2021 affirmed that products containing deltas-7,8,9 and 10 may only be sold by licensed cannabis retailers or medical marijuana dispensaries. New York has instituted similar restrictions. Delta-8 is also facing some opposition in states with legal cannabis markets as it is cheaper to manufacture than cannabis, is not taxed, and is cheaper to produce.

On the agricultural side, there has been an ongoing decline in the amount of acreage devoted to hemp production in 2021 due to farmers downsizing operations, fewer startups, and those who have cultivated in the past choosing not to grow this season. Meanwhile, existing hemp acreage endured threats posed by extreme weather conditions and the continued onslaught of Covid-19. 

In better news, fiber hemp is getting increased interest from farmers this year as a less volatile corner of the hemp market, being less prone to fluctuation due to changing regulations governing its use. Innovations in the industry abound as interest surges, such as the development of more precise and efficient processing equipment and proprietary technologies that meet the unique needs of customers. This is not to say that no hurdles exist, including developing cultivars that produce higher yields to make fiber hemp economically viable for farmers and the lure of growing other more financially rewarding row crops over hemp. And while there is less controversy around fiber hemp as opposed to hemp grown for CBD products, there is still a strong need for uniformity of regulation between states and better infrastructure in order for this market to flourish. 

The overall decline of the hemp market points to dramatic consolidation, a trend borne out by new data from The Brightfield Group revealing that the number of brands in the CBD industry has dropped from 3,500 at the end of 2019 to 2,000 today. Still, with new innovations on the rise and Delta-8’s stubborn but steady ascendance, there is hope that the rebound of the hemp market will not be a matter of “if” but “when”.

 


Julie AitchesonJuly 9, 2021
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6min18650

Parades, fireworks, and barbecues aside, July is notable for two other commemorative events much newer to the calendar than Independence Day. July is National Hemp Month, and the period from July 17-23 has been designated as Hemp History Week. National Hemp Month is the brainchild of cannabis company cbdMD, initiated on February 4, 2019 to promote the benefits and dispel myths surrounding hemp-based products. Hemp History Week is in its 12th year as an industry-wide, week-long educational campaign about hemp. As stated by its website, “The campaign aims to raise awareness about the environmental, sustainability, health benefits, regenerative agricultural potential, and new technological applications of industrial hemp.”

Hemp is thought to have first made the scene as early as 8,000 B.C. in Asia. The Chinese were the first people to be associated with cannabis and “Ma” is the Chinese word for hemp. Once the Chinese discovered the dioecious nature of the plant, the males were called his and the females were chu. The Chinese knew that the male plants were best for fibers for clothes, while the female plants made better seeds. The men would harvest the hemp, but the women were the weavers. They would begin weaving in autumn and through winter in order to make their own clothes and to sell whatever was leftover.

Fast forward to America and most pre-Revolution pioneers processed their hemp for their own purposes leaving little left over to sell. England may have wanted its colonies to send hemp back, but little was leaving the new country. The Americans were getting so good at making their own hemp products that they began importing less from England. The Americans were even moving beyond personal production and moving towards the manufacturing of hemp products. In 1718, a number of Irish spinners and weavers arrived. These women showed the colonists how to produce even finer hemp fabrics causing a spinning craze among the Boston women. The 1765 Boston Stamp Act caused a boycott of English products, which pushed the colonists to make even more hemp clothes. 

Farmers were even required to grow hemp or be fined. Clothing, ropes, ship sails, currency, and paper were all made out of hemp in America. It was one of the most important crops in building the strength of the early days of the United States.

That is until it was ultimately made illegal in the 1930s. The most popular narrative is that the Department of Prohibition in D.C. found itself at loose ends after Prohibition ended and started to target marijuana in order to justify the human and economic resources required to keep the department going.  D.O.P. head Harry Anslinger went to great lengths to demonize marijuana in the eyes of the American public, but some economists and historians also suspect that the that the prohibition was due to powerful political and economic interests around oil, timber, and cotton. Whatever the reason, hemp took a major hit and is still struggling to recover its reputation and standing in the marketplace.

The 2018 passage of the Farm Bill with the Hemp Farming Amendment intact removed hemp from the Controlled Substances Act, and since then the industry has grown by leaps and bounds in sectors ranging from health and wellness to textiles and building materials like “hempcrete”. Cannabis companies like Colorado-based Receptra Naturals are enthusiastically jumping on board to offer discounts during National Hemp Month and events are popping up around the country in a targeted effort to celebrate and educate people about the history of hemp. In past years, product manufacturers such as Dr. Bronner’s, Nutiva, and Manitoba Harvest have offered discounts to celebrate hemp. 

 Whether by encouraging hemp consumers to continue supporting the industry with their purchases or educating the populace on hemp’s role in the past, present, and future of the U.S., cbdMD and the industry collective supporting July’s hemp-positive calendar commemorations are hoping that targeted efforts to raise awareness and garner voter support for hemp will make 2021 one that will go down in Hemp History as one that established hemp as an economic and agricultural staple in the United States. 


Debra BorchardtJuly 1, 2021
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5min10700

Editors Note: This is a guest post.

“Nature gives you the face you have at twenty; it is up to you to merit the face you have at fifty.” – Coco Chanel

 

When talking about skincare, it’s hard not to mention women. The clear reason is their excessive concern about keeping their skin in good condition. And why not when there are so many ways to do it. 

Regardless of age and gender, people have started to take their skin seriously. Therefore, the skin care market has gone to the next level. In this context, many global reports claim that the world’s skincare products market to have a turnover of up to 189.3 billion US dollars by the end of 2025. 

What is the new trend in the skincare market?

Gone are the days when people used to rely upon cosmetic products the most. Nowadays, most skin-conscious people are looking forward to organic products and ingredients adding to their skin’s grace. This has made hemp seed oil a major hotshot of the skin care industry in many ways. 

Hemp seed oil – An overview 

Hemp seed oil is referred to as hemp oil, which is extracted from the cold-pressing hemp seeds. It contains many refined goodnesses enhancing the overall health and skin of the consumer. It looks green in color and has a unique nutty flavor, making it a popular choice among people from different age groups. 

How does hemp oil benefit your skin?

Benefit 1 – It moderates the oil production 

It works as an amazing skin moisturizer that enters the skin pores nourishing it from the inside out. You can still use it if you have oily skin, as it masters the art of balancing the oil contents on the upper layer of the skin. Many people prefer it for regulating the oil production in the skin. For all these benefits, you should look upon an authentic product. You may end up having a lot of options when searching for CBD hemp oil online, but ensure to verify the source to get the best product for yourself. 

Benefit 2 – It treats atopic dermatitis.

As hemp seed oil is enriched with some good-quality omega-3 and 6 fatty acids, this works as a perfect remedy to atopic dermatitis. Consuming its nutrient values can disappear the signs of atopic dermatitis within 20 weeks of consistent use (approximately).

Benefit 3 – Anti-aging property enriched 

Hemp oil is enriched with quality anti-aging properties, which helps to reduce the prevalent signs of aging like fine lines and wrinkles. The fantastic amount of oleic acids and linoleic acid found in hemp oil plays a vital role in fighting back aging signs in men and women. You can improve your diet to tenfold the results. 

The final takeaway – 

Whether you have applied it topically or ingested it orally, the effects of hemp seed oil remain the same on your skin and health. It is considered a safe and effective solution to many skin-related problems. One can use it as a moisturizer that heals the skin from the inside out. All you need to do is remain concerned about the usage. 

 


Kaitlin DomangueMay 18, 2021
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6min57092

Brightfield Releases New CBD Report

Cannabis and CBD consumer data analytics company, The Brightfield Group, is announcing the release of their newest report analyzing the CBD market in 2020 and laying out their predictions for 2021. Some key information from the report includes: 

  • U.S. hemp-derived CBD sales are expected to reach $5.3 in 2021, up 15% from 2020’s $4.6 billion
  • By 2026, American CBD sales will reach $16 billion, driven by accelerated growth of ingestible products
  • Drinks and gummies are expected to be the fastest growing product types in 2021, with 71% and 44% value growth, respectively
  • Tinctures will retain the highest share of the market in 2021, holding 18% of retail sales
  • Online sales will surpass $2 billion in 2021, accounting for 38% of the total American CBD market

The report also highlights the coronavirus pandemic’s impact on the American CBD market, the FDA’s stance on regulating CBD in 2021, and various other pieces of information about the rapidly expanding market. The Brightfield Group predicts the hemp-derived CBD market will grow at a compound annual growth rate (CAGR) of 25% from 2021 to 2026, with growth driven by: 

  • New consumers 
  • Expanding retail into new channels
  • A regulatory framework from the FDA, accelerating the growth rate of ingestibles
  • New players to bring innovation to the market

Price and Potency Changes

According to aggregate data from Hemp Benchmarks, the Brightfield Group’s report says the aggregate assessed price for hemp CBD biomass declined by a whopping 82% from April 2019 to May 2020, taking the price from $38 a pound to just $7 per pound. 

While the coronavirus pandemic surely played a part in this, you have to wonder if the newly-established American CBD industry in 2019 played a role in the price per pound during that time. It was a hot market, performing beautifully and faster than anticipated, thanks to the federal government removing hemp from the Schedule I Substances list in 2018. The hemp space in 2019 is a tough year to compete with, and throw a global pandemic on top just one year later: you might see some lower hemp prices than average. 

  • 30 ML tinctures saw, on average, a 33% potency increase, going from 450 to 600 milligrams of CBD. The price dropped from $25 to $20. 
  • 120 ML tinctures saw, on average, a 33% potency increase, going from 1800 to 2400 milligrams of CBD. The price dropped from $70 to $60. 

Innovation 

In typical cannabis industry fashion, the CBD market is ahead of innovation and constantly thinking of new ways to keep customers satisfied. However, CBD brands are going beyond wacky flavors and new designs: the companies are focusing on functional ingredients that will make a difference for the consumer. 

Immunity is a huge focus for the CBD space in 2021, and 2020 saw the same thing. Ingredients like elderberry, echinacea, Vitamin C, and zinc are popular choices for consumers. Minor cannabinoids like CBG and CBN are still hot for 2021, tapping into the entourage effect full-spectrum cannabis products provide us. 

Top CBD Companies in Q4 

In terms of market share, here were the leading CBD companies during the last quarter of 2020: 

  1. Charlotte’s Web (3.6%)
  2. Medterra (1.7%)
  3. cbdMD (1.6%)
  4. CBDfx (1.5%)
  5. CBDistillery (1.2%)

The report listed 20 CBD companies, others include: CBD American Shaman, Bluebird Botanicals, Garden of Life, Ananda Hemp, and Martha Stewart CBD. 

Distribution Channels

Online CBD sales are expected to reach $2.02 billion in 2021, accounting for 38% of the total market. This is down slightly from 42% in 2020, but it’s a good sign that things might be returning to the beginning of normalcy as people return to in-person retail shopping. Curbside and contactless options are still available in many places, which might contribute to this number. E-commerce will dominate the distribution market in 2021, with pharmacy following behind it, then CBD speciality retailers, natural food stores, pet stores, and more.


Noemi GonzalesApril 2, 2021
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4min11230

Marijuana Hater’s Guide to Making a Billion Dollars from Hemp: The Next Disruptive Industry

By Matthew Harmon

 Seeing as how are living in the midst of a historical green rush due to the rapid acceptance of cannabis since legalization it should come as no surprise to see so many people out there carving out their own fortunes and paths by taking advantage of these new exciting opportunities.

It should also come as no surprise to find books coming out that can help you to navigate the murky waters of cannabis and hemp entrepreneurship to guide you in growing your own endeavors in these rapidly growing industries while minimizing the potential pitfalls you experience.

Got your interest yet? Let’s get into it then!

-Topic Focus-

Today’s book topic does a wonderful job of laying out possible opportunity paths in the hemp and cannabis industries put together by a seasoned entrepreneur with skin in the game and a genuine desire to see others do the same.

Here you will find interesting looks into topics such as potential cannabis skincare products, the hemp industry, breaking down common misconceptions of these industries, and so much more.

 Many paths and doors seem to open up by growing your own understanding of the entrepreneurial landscape of the legal cannabis realm.

-About the Author-

The author of “Marijuana Hater’s Guide to Making a Billion Dollars from Hemp: The Next Disruptive Industry” is veteran entrepreneur Matthew Harmon.

His background experiences include but are not limited to endeavors such as operating as an investor guide in the hemp industry, a documentary filmmaker, a growing businessman, and an author of several other books.

Harmon’s passion for combining the exciting worlds of business and cannabis becomes quite evident as you move through this book and start taking on the wealth of knowledge he shares here.

-Reading Experience-

You cannot help but feel a degree of the excitement that bleeds through from the author regarding the plethora of opportunities that have arisen these recent years since cannabis was legalized in many states.

There are so many more ways to make your way in the legal cannabis industry that is not always as obvious so it can be exciting and inspiring to learn about all the niches that reside within the industry and just how many possible paths are available to each of us.

The level of expertise that the author possesses quickly becomes abundantly clear so be ready to take some notes and leap into action after reading.

-Summary-

If you’re looking to make your way into the wonderful world of the cannabis business then this book will do a fantastic job of serving as a resource that will help you to make better decisions and produce superior results.

The author clearly knows his stuff, has the background to back it up, and eager to share what he knows with us readers.

 

You can acquire your own copy of “Marijuana Hater’s Guide to Making a Billion Dollars from Hemp: The Next Disruptive Industry” here.

 


StaffMarch 12, 2021
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10min12920

Editors Note: This is a guest post. 

Did you know that hemp is considered one of the most nutritionally balanced superfoods in the world? To a skeptic mind, it might sound like a marketing gimmick for hemp products, but this doesn’t change the fact. Hemp seed has rich nutritional content with iron, amino acids, the right balance of omega 3, 6 fatty acids, and vitamins that provide holistic health benefits.

Now, you might be wondering if hemp is so rich in nutrients and good for health, why is there so much controversy about its use?  Besides, why is it associated with marijuana? If its use is legal, why does it still gets a raised eyebrow even from medical professionals every time they come across hemp products? Let’s read on to find the answers.

The Anatomy of Hemp

Hemp is a plant that belongs to the cannabis species. This fast-growing deciduous plant has various uses, from the leaves, stalks, seeds, and fibers everything has its benefits. While the plant has various uses, it is mostly used for a medicinal reason; flowers, seeds, oil, leaves all are used as medicine.

The fats, protein, and other nutrients promote various health benefits. For instance, omega fatty acids found in the plant help to reduce pain and inflammation. Hemp is also antioxidant-rich, making it useful in various neurological conditions.

Why Does It Always Come Into Context With Marijuana?

Hemp has always been confused with weed or marijuana. While hemp, marijuana, and cannabis all have the same origin, they are still different.

Cannabis has two different variations, one gets us high, and the other doesn’t. The key difference between marijuana and hemp is the ratio of tetrahydrocannabinol (THC), if you know about CBD Facts you should be familiar with the chemical and its effect. It is a substance that can have psychedelic effects on our minds and consciousness.

The cannabis containing zero to less than 0.3% of THC in their structure is considered hemp.  While Hemp is mostly produced for various medicinal and industrial use, marijuana is produced for recreational purposes.

In the USA, the use of recreational marijuana was banned,  hemp was also banned, because of their shared similarity and origin. For years, hemp has received the same notoriety as marijuana regarding its use.

What Are the Health Benefits of Hemp?

The nutritional profile of hemp contributes to its various health benefits. While studies related to health benefits are still in progress there are some known health benefits of hemp plants, these benefits are

Hemp Can Boost Heart Health

The healthy fatty acid omega 3 and 6 in hemp, helps lower cholesterol, blood pressure and boosts heart health. The amino acids in hemp can help in dilating arteries and other blood vessels connected to the heart. This ultimately lowers the risk of heart attack and many other heart conditions.

It Can Improve Your Brain Health

The CBD compound in hemp helps in neuroprotective and anti-inflammatory effects in our brain. These properties are known to help with the symptoms of different neurological disorders such as Alzheimer’s, Parkinson’s disease, seizure, multiple sclerosis, and neuropathic pain.

It Can Help With Inflammation

The hemp plant is rich in omega fatty acids and antioxidants that contribute to its anti-inflammatory properties. Reduced inflammation may help with type 2 diabetes, arthritis, heart disease, metabolic disorder, and liver disease.

What Is It Used For?

Each part of the hemp plant has multifaceted use. From textile to food industry every sector can reap from its versatile uses.

Fiber

Hemp is considered the strongest organic fiber in the world. Besides, hemp fiber has been the oldest known fiber in human civilization. This fiber is traditionally used in both the textile and paper industry. Sturdy ropes, denim, shoes, carpeting, canvas, diaper, and even fine clothing can be produced by using hemp fiber.

Food

As you know hemp seeds are highly nutritious and the food industry ensured their optimum use. The nutty hemp seeds can be used as ground-up powder and can be eaten raw. The oil produced from hemp seeds also has nutritional value. Even the leaves can be used in the salad to provide some much-needed protein, vitamins, and nutrients.

Medicinal use of CBD

CBD or cannabidiol is probably the most widely used variation of hemp products. It can be used by vaping, as oil, or even as honey sticks. It has many medicinal properties like pain reliever or anxiety suppressant.  

Construction Material

Hemp fiber is one of the strongest fibers in the world and that makes it a suitable building material. Hemp-made composite hempcrete is such a construction material that is quickly gaining recognition. 

While hempcrete can not be used as a load-bearing material as its load-bearing capacity is only 1/20th  of the concrete, it still has a special use in construction. The elasticity of hemp makes it perfect for lateral load-bearing, a hempcrete-made wall won’t crack even after an earthquake.

Does Hemp Get You High?

While you can get some calming effect from hemp, it can’t get you high as the THC content in hemp is less than .3% which is not enough to create a buzzing effect.  Even if you smoke tons of hemp and try to create some euphoric high, you won’t get it; chances are, you will only end up with a migraine.

Are There Any Side Effects?

Hemp taken as food has little to no side effects. However, you might still be allergic to hemp seeds just like any other seeds and that can give you some unpleasant reaction. Besides, hemp proteins are known for lowering blood pressure and in some cases, it might reduce the blood pressure to a point causing health complications.

How Should You Use It?

To make the best of hemp, use it as food or oil. It can also be used as a topical massaging element. But smoking hemp is not recommended as it might alter its potential.

The Bottom Line

As the 2018 farm bill made it legal for hemp production, the use of hemp in medicine, food, and other sectors will only continue to grow in the future.  While the myriad health potentials might make you interested in hemp, the scientific studies regarding those potentials are still at their early stage. However, if you are intrigued to try any type of hemp product, make sure you get them from a trusted source and use it as per the recommended dose.


StaffFebruary 8, 2021
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4min11391

Global Hemp Group Inc.  ( OTC:GBHPF ) signed a Definitive Agreement with Prescient Strategies Group LLC to acquire all of its Western Sierra Resource Corporation (OTC: WSRC) Preferred A Class Share holdings in a private, third party transaction. The deal is expected to close on or about February 9, 2021 upon fulfillment of certain conditions including:

  • – WSRC restructuring certain unsecured debt prior to the issuance of the GHG Prefs;

    – GHG providing the necessary initial payments to complete the transaction and other Debt Restructuring (completed).

The company said in a statement that the resulting acquisition of these WSRC Prefs will give GHG control over WSRC, and specifically its strategic water infrastructure assets that will be an integral part of the Company’s Colorado Hemp-Agro Industrial Zone project. Documented historical valuations of the 4,000-acre feet of water rights and associated infrastructure are based on 2013 and 2015 MAI appraisals and engineering reports, which collectively support a value ofS$40,000,000 or higher. GHG has contracted a third party valuation of this initial assessment value to support such appraisal.

The Colorado HAIZ will be developed under the banner of Innovative Hemp Technologies. IHT’s core objective; to develop “green” and “affordable” homes in a Planned Unit Development utilizing hemp-based construction materials to meet historical pent-up demand in the area, which will include the development of large scale irrigation and cultivation of industrial hemp, and the manufacture of hemp-based construction products and textiles. This will significantly expand the existing water rights and infrastructure assets while generating multiple revenue streams for the Company.

By utilizing a campus setting like that of the HAIZ, the company said it will efficiently implement these vertically integrated functions (water, agriculture, processing, housing). Proven industry professionals have been engaged to work alongside IHT’s management in the areas of agriculture, R&D, manufacturing, and construction to achieve the Company’s objectives.

Execution of the HAIZ project will create substantial shareholder value through the incremental introduction of additional (multiple) revenue streams to meet IHT’s objectives and set GHG on a path to become a leader in sustainable hemp-based “green” construction in the United States. The Colorado “HAIZ” will become a “showcase” project to demonstrate “green” hemp construction products and technologies for third-party offtake and for replication in other suitable U.S. markets.

The project will leverage the existing water rights and infrastructure to turn “dry land” farming acreage into irrigated land with valuable water rights that can subsequently be used to develop “affordable housing” and high-value agricultural crops such as industrial hemp. GHG’s vision is to take the hemp grown onsite and replace as much of the conventional building materials used at the project with sustainable, hemp-based building materials used in the housing development. This project contemplates a 25-year build-out. The luxuries of a long-term project with demonstrably high demand are:

  1. a) economies of scale;
  2. b) opportunity to implement learned efficiencies;
  3. c) opportunity to continually fine-tune product offerings though intimate familiarity with a specific market;
  4. d) access to new markets stemming from other by-products of the hemp processing, such as fibre and microfibre.

StaffFebruary 8, 2021
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Editors Note: This is a guest post.

 

Even if you tried, you couldn’t have missed out on hearing at least something about the benefits that CBD has to offer. With a rapid industry expansion, there have been many CBD products showing up on the market – from vape juices and edibles to oils and tinctures used to treat different symptoms in patients.

There’s even an FDA approved medication based on CBD, which is a considerable step towards destigmatizing hemp and CBD as a whole. But, what you might have missed is that alongside everything already listed, you can also get hemp flowers that contain high CBD levels even in their raw form.

What Are High-CBD Hemp Flowers?

So, what are these hemp flowers, and why would you consider getting them? The number one reason is that it tastes, looks like, and smokes like marijuana does, without any psychoactive effects. It provides all the positive sides of CBD, and no negative sides of THC, so it is sort of the best of both worlds.

As for what they are, it’s relatively simple; they are flowers harvested from hemp strains that have high levels of cannabidiol (CBD) and only contain THC in trace amounts. If you were so inclined, you could even get seeds or flowers from these strains from a wholesale distributor and maybe even start a farm of your own. If you’re concerned about the legal process, read on, we’ll get into that as well.

Is CBD Hemp Flower Legal?

Hemp has a long history of being thrown into the same pot as marijuana, and its public image has suffered greatly because of that. However, in recent years, hemp has been getting the recognition it deserved all along, especially since the 2018 Farm Bill, which has been one of the greatest steps for hemp products in US history.

Why was this act so important? Because it finally pronounced that the cultivation and sale of hemp products are legal in all 50 states. The only condition is that the product must contain less than 0.3% of THC, and if it meets the requirement, it’s perfectly legal to sell it and even ship it to anywhere in the country.

Why They Are Becoming So Popular

CBD has been speculated to have many properties that have been discussed often and at length, but they are certainly present. So, why have people been choosing to get flowers over any other available form of CBD? 

Aside from the mentioned reasons of the process being reminiscent of consuming marijuana, it’s also said that the calming effects of CBD simply hit faster when it is consumed this way. This is because the cannabidiol that’s taken this way doesn’t have to go through your entire digestive tract to enter your bloodstream and your endocannabinoid system.

With the CBD products not yet being FDA regulated, you can’t be sure that what you’re getting is 100% what it says on the label. Because of that, a lot of people have been getting hemp flowers from trusted farmers and distributors and making their own CBD oil at home, which is a relatively simple process.

Who Can Benefit From High-CBD Hemp Flowers

As we’ve mentioned above, CBD consumed by smoking ground up hemp flowers hits faster than any other method of consumption would. That’s particularly important when you consider that CBD is regarded as an analgesic or pain reliever. Although it can be used to treat chronic pain, with a method of consumption that produces effects within minutes, it is also suited for alleviating acute pains, like cramps.

Besides all that, the cannabis industry is growing faster than ever, and it is expected that it will continue to do so in the coming years. There are already many small businesses opening up and a lot of farmers getting into hemp growing, simply because it’s expected that it will become even more profitable as new laws and regulations are being brought to the table. Scientific research keeps on making breakthroughs that prove CBD can indeed help with a lot of conditions.

In Conclusion

Hemp products are here to stay, there’s no doubt about that, but in which form they will be sticking around is also very important. Will small businesses and farms be able to keep their heads above water when huge pharmaceutical companies start getting into the industry? Most likely, yes, because no matter how much money you invest into a business, it will never be able to match the love that small businesses and farms offer to their crop and product. 

What is most important is always paying attention and only going for CBD products from trusted vendors who have a solid reputation and several positive reviews. Stay safe!

 


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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