Looking to the Future of Hemp
This article originally appeared in the Hemp Industries 2022 Opportunity Report. Order the report here.
By Beau R. Whitney, Chief Economist, Whitney Economics
Hemp took a significant step backwards in 2021 in almost all facets of licensing, from acres licensed, to the number of farmers. The pull-back was mainly focused on CBD. The one bright spot was supply and demand for fibers and grain.
Acres Licensed Down to Pre-Farm Bill Levels
Whitney Economics looks at all facets of the supply chain of hemp. On the cultivation side, it examines prices for seeds and clones, it examines the number of acres licensed, planted and harvested. W.E. prefer to examine licensed acres to examine the capacity of the market rather than focus on the snapshot of what was planted or harvested at a particular point in time.
The Hemp Tank: Business Finalists Announced for First “Shark Tank” Style Pitch Slam Event at NoCo Hemp Expo
Now in its 8th year, the NoCo Hemp Expo is making a triumphant return to the metro Denver area with the world’s most comprehensive industrial hemp conference and trade show. Held March 23-25, 2022, at the state-of-the-art Gaylord Rockies Resort & Convention Center, the event will feature an investor summit, farm symposium, educational stages, a full exhibit hall – and, a brand new entrepreneur pitch slam competition, the NoCo Hemp Pitch.
Located just minutes from the Denver International Airport and metro Denver, this year’s NoCo Hemp Expo at the Gaylord Rockies Resort will feature the first-ever NoCo Hemp Pitch, an exciting new pitch slam competition targeted to investors and entrepreneurs in industrial hemp. The NoCo Hemp Pitch, sponsored by Michael Best, a leading law firm serving the hemp and cannabis markets, will take place on Thursday, March 24, 3:30–5:00 pm MDT, as part of the Let’s Talk Hemp Investor Summit at the Gaylord Rockies Resort.
Hemp News Spotlight
U.S. Omnibus Spending Bill Urges Rules for CBD, Re-evaluation of THC Threshold
By Hemp Today
rePlant Hemp Advisors Opens $500 million First-To-Market Sustainable Impact Fund For Investment
By Globe Newswire
The Power Players in Cannabis and Hemp Fashion
By Boardroom
Fashion Brand Richardson Spring/Summer 2022 Collection Focuses on Hemp Fabric
By HypeBeast
Animal Rights Activist and U.K. Barrister Markets Vegan Court Wigs Made from Hemp
By The Daily Mail
Kentucky Hemp Company Claims State Police Negligently Destroyed its First Crop
By WLKY, Louisville, KY
Across the U.S., CBD Glut Inspires Gamble on Hemp Seeds and Fiber
By Al Jazeera
Co-owner of Fourth-generation Candy Maker, Enstrom Candies, Launches Vita Hemp CBD Gummies
By Candy Industry News
White Label CBD Manufacturer Blooms Begins Trading on OTCQB Venture Market
By Longview News Journal
Startup Discovers Phytochemicals in Hemp Hulls that Could Help Fight Fatty Liver Disease
By AgFunder News
Overwhelmed by Illegal Marijuana Grows, Two Southern Oregon Counties Call for a Moratorium on Hemp
By KGW 8 News, Portland, OR
Idaho’s First Hemp Crop to Be Small
By The Idaho State Journal
Ohio Hemp Update: Hemp Production Licenses Accepted through March 31
By Ohio’s Country Journal
Michigan Hemp Farmers Will Soon Be Regulated by Same Agency that Oversees Recreational Cannabis
By The Daily Reporter
NY Governor Hochul Announces Opening of Application Portal for Hemp Farmers Seeking a License to Grow Adult-Use Cannabis
By The Office of Governor Kathy Hochul
Could Kansas Kick Out Hemp-derived Delta-8 Products?
By OK Magazine
European Commission Sets Long-awaited THC Standards for Hemp Foods
By HempToday
EVENTS
Hemp OpenSpace Online, March 16, 2022
NoCo Hemp Expo, Mar. 23-25, 2022, Aurora, CO
HempCrete Workshop, April 4-18, 2022, Toledo, Belize, Presented by Heavenly Grown
Hempcrete Masterclass Online taught by Chris Magwood Endeavour Centre April 6-May 4
Southern Hemp Expo, Aug. 18-20, 2022 – Save the Date!
Add your event to Hemp Events, a free listing service for legitimate hemp industry events. Visit www.HempEvents.org.
Hold The Date for August 18-20, 2022. SHE returns to Nashville!
TAKE ACTION
Join the WAFBA Team – Sales and Marketing Specialist
WAFBA is looking for a sales and marketing person to assist with our events and media division. Responsibilities would include prospecting and sales of exhibition booths, sponsorship and advertising. Experience preferred in the hemp, CBD and cannabis industries with a knowledge of companies working throughout the supply chain. Apply here.
U.S. Hemp Operator Survey: Take a 3-Minute Survey to Have Your Voice Heard
The Third Annual Survey – Whitney Economics, a leading hemp data, business consulting and economic analytics firm is conducting a national survey of hemp operators. Your inputs would be appreciated. Just like in past years, in exchange for your inputs, Whitney Economics will be sending you a free copy of the report once it is written and presented at the NoCo Hemp Conference (ETA is mid-March).
Why Take This Survey?
What differentiates the Whitney Economics surveys from others, is that our report gives you actionable data that can help drive improvements in your operations and can help identify key areas to focus on for future success.
Help the Publisher of Poland’s Hemp Today House Ukrainian Refugees in Naklo Poland, 150 Miles from Ukraine Border
Nakło Foundation is serving as a safe haven for families forced out of their home country due to the war in Ukraine. Your donation goes to help cover the costs associated with our hosting of mothers and children, as men between the ages of 18-60 must stay in the country to support the war effort.
Trace Wants to Make the First Hemp and Regenerative Cotton Tampon and We Need Your Help!
The world is ready for hemp fiber products, and we all know it! But the CEOs, the manufacturers, the research and development teams, and the “big dogs” at the heads of companies need to see numbers supporting this if they are going to invest in innovative hemp products. Please help the advancement of hemp fiber within the hygiene and period care industry by filling out this survey, offered by Trace Femcare, Inc., making the first hemp and regenerative Climate Beneficial (TM) cotton tampon. Your voice matters! Let’s heal the earth and our bodies! Love– the team at Trace.
Save Ti & His 329 Rights
If you or a loved one are a medical cannabis patient, this affects you. Ti is an autistic 15 year old who was abruptly removed from his mother/medical caregiver on June 3, 2021 by Child Welfare Services in Hawaii. This GoFundMe has been set up to pay for his legal fees needed to promptly dismiss the CWS case and enforce their civil and medical rights to have access to his medical professionals to participate in providing for his medical needs. Any donation no matter how big or small means we are that much closer to getting Ti back.
Support H.R. 841, The Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act
In September 2020, U.S. Reps. Kurt Schrader (D-OR) and Morgan Griffith (R-VA) introduced the Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act – a bill which would provide a clear legal pathway for the sale of hemp extracts like CBD, while ensuring that products must comply with the rigorous regulatory framework existing for dietary supplements. The bill garnered broad bi-partisan support. On Feb. 7, 2021, Reps. Schrader and Griffith and 17 of their colleagues reintroduced the bill as H.R. 841. Support passage of the bill here.
Urge Your Members of Congress to Support Our Troops’ Access to CBD
On July 20, 2020, the U.S. House of Representatives approved an amendment to the National Defense Authorization Act (NDAA) to allow service members to use products containing hemp, including CBD. Unfortunately, the amendment was not included in the Senate’s version of the NDAA, which passed on July 23, and was not included in the final bill. However, as a new Congress meets this year, they are hoping for another hearing. Learn more.
Subscribe to the Let’s Talk Hemp YouTube Channel
#LetsTalkHemp is the ultimate platform that focuses on “Changing the Cannabis Conversation”. We provide news, education, and information about Hemp and Cannabis to our viewers so that they can learn more about the industry and get tips and tricks on the latest technologies. Subscribe to our channel and learn about everything from legal updates, farming, production, and new products entering the Hemp & Cannabis space.
Have You Joined Leafwire Yet?
If you’re not a member of Leafwire yet, you should definitely check out the largest business network in the cannabis industry, with more than 40,000 members. Members include growers, budtenders, accountants, lawyers, CBD companies, equipment manufacturers, investors and more. Leafwire is for anyone who works in the cannabis industry, and also features a job board with 1,100 open cannabis and hemp jobs. Leafwire is designed to be a LinkedIn-style business network where the cannabis Industry can share news, promote events, find new jobs, find investors and simply network with their peers. Leafwire is 100% dedicated to the Cannabis and Hemp industries and the perfect place to post and share information about your company, new product launches or other related news. We’ll see you on Leafwire!
About Let’s Talk Hemp
Let’s Talk Hemp is a publication of Colorado Hemp Company (a division of We Are For Better Alternatives) focused specifically on the subject of industrial hemp and cannabis. We present features and curate news from across the globe to share the benefits of cannabis on health, energy, manufacturing and planet (H.E.M.P.). Colorado Hemp Company also is the Producer of NoCo Hemp Expo and Southern Hemp Expo, the nation’s leading hemp conferences and expositions.
Publisher: Morris Beegle, Elizabeth Knight
Editor: Steven Hoffman
Web Developer: Debby West
Design: Ben Wright
Circulation: Evan Tompros
Contributors: Beau Whitney
Financial Officer: Lori Buderus
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The post Newsletter – March 16, 2022 first appeared on Let’s Talk Hemp.
