CBD e-Commerce Sales Boom After Retail Closures
It should come as no surprise to learn that the CBD industry has exploded over the last two years. Retail outlets popped up across the nation, both in small towns and large cities. Even entrepreneurs took advantage of a new niche and opened dedicated CBD shops, and small unsuspecting shops such as gas stations and […]
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Insurance Coverage Is Essential in Hemp Industry Amidst Uncertain Times
With its relatively new status as a legal agricultural product from the 2018 farm bill, hemp growers are subject to the same risks and liabilities as other farmers. Thus the importance of hemp insurance as a risk management strategy. While the crop itself is highly regulated, the market for products is not, and growers, manufacturers, […]
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How Will COVID-19 Affect the Cannabis Industry?
COVID-19 has changed the landscape for many businesses. The cannabis industry is navigating new realities from the amount of sales to insurance product changes. Industry professionals are keeping a close eye on the market as states walk the line of reopening economies. While there are particular concerns within the industry, there are also some possible […]
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What You Need to Know About Workers’ Comp in the Cannabis Industry
Since Vermont became the first state to legalize recreational marijuana in 2018, several more states have followed suit, and the result is a booming industry raking in over $1 billion in annual revenue in the U.S. alone. The backbone of this industry is its workers. Like any other agricultural job, workers in the cannabis industry […]
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New Cannabis Products Hitting The Market This Year
In the U.S., the legalization of cannabis for recreational purposes has been rolling across the country. Cannabidiol (CBD) has been decriminalized at the federal level and, as of January of 2020, recreational marijuana is legal in 11 states, plus the District of Columbia. More states are destined to follow suit. The cannabis plant contains several […]
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Cultivating Hemp Crops the Green Way
Farmers choosing to grow hemp crops are often mindful of the plant’s environmental benefits over more traditional commodity crops using conventional methods of cultivation. Hemp sequesters more carbon than other plants, carbon that is then locked up in the process of creating manufactured goods. Industrial hemp farms produce a significant volume of biomass, thus extracting […]
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Senate Passes COVID-19 Relief Act for Hemp Farmers
In December of 2018, hemp became a legal commodity crop in the U.S., giving the hemp retailer and hemp farmer the same protections awarded to traditional agricultural businesses under the Farm Bill. Under the law, farmers are provided monetary relief when crop failures occur due to natural disasters. However, the disaster relief programs historically offered […]
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Hemp Laws in 2020: States Divided
Hemp Farmers Remain Confused in the 2020 Growing Season Despite the federal government’s efforts to streamline the 2020 hemp production guidelines, many states are still following the 2014 pilot rules for this growing season. The result of each state basically making their own rules is a patchwork of varying guidelines for 2020- causing mass confusion […]
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What Could Go Wrong? What Cannabis & Hemp Companies Can Prepare For
As cannabis first became legalized, the rush to get in on the action seemed akin to the 1849 California Gold Rush. Once Congress finally opened up the markets to hemp products, the interest only intensified. However, the industry seems to be coming back down to earth with a number of high-profile lawsuits. Some issues are […]
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Types of Claims CBD Manufacturers Can Expect to Face
The cannabis industry, with all of its related products, exists in a strange state in the United States today. Marijuana, the high-profile recreational drug, remains an illegal substance at the federal level. However, it has been legalized in some states despite this ban. Congress permitted the growing and sale of hemp, also a kind of […]
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