‘(B) The term ‘marihuana’ does not include— 10 ‘‘(i) hemp, as defined in section 297A of the 11 Agricultural Marketing Act of 1946; or 12 ‘‘(ii) the’’. 13 (b) TETRAHYDROCANNABINOL.—Schedule I, as set 14 forth in section 202(c) of the Controlled Substances Act 15 (21 U.S.C. 812(c)), is amended in subsection (c)(17) by 16 inserting after ‘‘Tetrahydrocannabinols’’ the following: ‘‘, 17 except for tetrahydrocannabinols in hemp (as defined 18 under section 297A of the Agricultural Marketing Act of 19 1946)’’.It is expected to be removed from the DEA’s schedule 1 list to schedule 5, which is the lowest level and would lift the DEA’s restrictions. CBD products have already begun to explode in the marketplace in anticipation of these changes. “The cannabis industry is closely watching the outcome of the Farm Bill. And while we are seeing a lot of startups try to move in, nobody is better suited to operate in this market than experienced licensed cannabis manufacturers,” said Nancy Whiteman, founder, and CEO of Wana Brands, makers of cannabis-infused products.” Marijuana-infused producers have been perfecting precise dosing, testing, and supply chains for the past decade, and these companies will lead the way in the next generation of CBD products.” Wana Brands has the leading THC gummy in Colorado, but it will be producing a CBD only version in 2019. GW Pharmaceuticals had its drug Epidiolex approved by the FDA earlier this year and removed from the schedule 1 category. This medicine though has a very high level of CBD, unlike the mass-market versions which have fairly low levels of CBD. Plus, patients know exactly what they are getting with the prescription drug. Consumers purchasing mass market CBD products generally have no idea how much CBD is in the product or how it was manufactured. “What is known about CBD is only the tip of the iceberg,” said Lisa Richards, co-CEO, L’eela CBD Body Care: Consumers are just starting to understand the benefits of CBD, and when the floodgates open, they are going to need to be educated and be their own advocates. Hemp may be federally legal with the passage of the Farm Bill. However, more importantly, where is it sourced? How is it processed? The passage of the Farm Bill is only the first chapter.” All L’eela products are made with hemp that is grown and processed in the United States. Many companies use CBD oil that is made from Chinese hemp. In 2017, the FDA issued warning letters to several CBD companies. The products didn’t contain the level of CBD that they claimed or the companies made marketing claims about health conditions for which there was no scientific proof. With these new changes, the industry has a better chance of creating standards so that consumers can make educated choices. The Farmers In addition to boosting the product sales of CBD brands, the Farm Bill will benefit hemp farmers. Chase Terwilliger, CEO of CBDistillery, a Balanced Health Botanicals brand said that the biggest benefit to hemp farmers is that they will be able to buy crop insurance. Most farmers have this type of insurance to protect them from weather or anything else that could hurt a harvest. Hemp has only been approved from a research standpoint and so it wasn’t eligible for crop insurance. There is a big desire to shift some of the Chinese production of hemp back to the United States. One reason Senator McConnell has been supporting the inclusion of hemp in the Farm Bill is that it gives tobacco farmers in Kentucky a way to keep their farms productive. “Hemp is fairly inexpensive to grow and maintain,” he said. “But we hear from farmers that harvesting is a big challenge because the farm equipment isn’t designed to handle the product which is extremely fibrous.” Terwilliger also noted that hemp is a very absorbent plant and with China’s pollution, their hemp plants tend to have heavy metal exposure. “Consumers deserve a high-quality hemp plant,” he said. Farmers have already begun carving out small sections of their farms to begin testing hemp. 100 acres was seen as a little risk. Now, it is expected that many farmers will quickly make the switch if the plant is legal. Options Terwilliger also noted that like traditional agriculture, there could soon be hemp futures. Farmers like futures contracts on their crops as it locks in a price. Options traders will buy and sell these instruments like any other agricultural product. “It will turn into a commodity that futures can trade on,” he said. Source - https://www.greenmarketreport.com/
USA - 2018 Farm Bill to legalize CBD, give hemp farmers crop insurance
11.12.2018 130 views2024 AgroInsurance International Conference: New Partners and Agenda updates
26.02.20242024 AgroInsurance International Conference will take place on June 3-5, 2024 in Belgrade, Serbia, at the Hyatt Regency Hotel. Planet Labs (USA) and GAF AG (Germany) are sponsors of our conference. Agremo (Serbia) has been confirmed as the Organization Partner. More partners and sponsors to be announced in March 2024.
Spain - 30% of La Palma's banana production has already been lost due to the advance of the lava
14.10.2021More than three weeks after the Cumbre Vieja volcano erupted, the lava that continues to flow from its interior continues to devastate everything in its path, destroying houses, infrastructure, and banana plantations. The production of Platanos de Canarias is the economic engine of the island, accounting for 50% of its GDP and 30% of the jobs on the island.
Czech Republic - Return of cold weather impacts crops
In Czechia, a rapid transition from mid-20s Celsius to sub-zero temperatures has significant implications for agriculture, particularly affecting early-blooming and growing crops. Miroslav Havránek, from the Charles University Environment Centre, highlights the broader consequence as a potential reduction in crop yields.
UK - Weather will impact agriculture more and more
The 2023 weather conditions in Lincolnshire, UK, significantly impacted Andrew Branton's farm, leading to an unharvestable potato crop due to excessive rainfall. Approximately a year's worth of rain from late September to January submerged many fields, rendering the soil too wet and compacted for sowing spring crops.
Syria - Wild animals ravaging crops in western Daraa
Farmers in the western countryside of Daraa suffer from the frequent encroachment of wild animals on their vegetable and fruit crops, as these animals eat the fruits and cause damage to agricultural produce.
USA - Leading New Hampshire agriculture toward climate resilience
Agriculture sustains our very existence. Despite the misconception that large farms feed the world, it’s small-holding farmers who predominantly nourish us, while consistently outperforming their larger counterparts in yields and ecological sustainability.
Philippines - Extreme drought hits Cebu City
He is giving out his tomatoes for free but not because of the abundance in harvest. He is Emelio Secretaria, a farmer who owns four hectares of farmland nestled in Barangay Sudlon 2, Cebu City. The drought due to El Niño did not exempt him from experiencing the worst.
India - Karnataka Minister hopes for early release of funds by Centre for drought relief
On Karnataka State's plea in the Supreme Court seeking financial assistance for drought relief, Karnataka minister Krishna Byre Gowda said that the Government of India has agreed to take a decision within this week.
Bangladesh - Heatwave threatens mango-litchi yields, drastic crop loss feared
From expansive mango orchards to small family farms, reports indicate a significant decline in fruit budding compared to previous years, sparking fears of a collapse in mango and litchi yields.
Philippines - Maguindanao Sur under state of calamity as crop losses reach P345M
Maguindanao del Sur Governor Bai Mariam Sangki-Mangudadatu has approved a resolution declaring the entire province a state of calamity due to huge agricultural losses brought about by drought.