The Impact of Hemp Genomics on Your Business
Good hemp farmers and processors understand the importance of consistent and stable hemp strains — but it takes precise science to breed cultivars with high levels of CBD, CBG, or specific terpenes while also meeting the federal government’s <0.3% THC requirements.
The bright side? As the scientific research on cannabis and hemp accelerates, farmers will be able to breed more consistent...
Why Your Hemp Business Needs a Better Inventory Management System
Here’s the truth: Inventory management is a critical part of a successful hemp business. And the tools you’re using make all the difference.
Outdated inventory management systems strain your resources. The more manual the process, the less visibility you have across tracking and production. And whether your business is currently using pen and paper, a series of spreadsheets, or a...
4 Ways to Increase Your Profit Margin and Grow Your Bottom Line
The hemp industry is booming. According to a report by MarketsandMarkets, the industrial hemp market is expected to grow nearly 600% from $4.6 billion in 2019 to $26.6 billion by 2025. That means a massive opportunity to build strong, profitable businesses.
But to build an enduring hemp business, focusing on...
Research Spotlight: The Hemp Industry’s Biggest Knowledge Gaps
Any industry with massive potential needs more research to achieve and sustain success — and hemp is no exception.
Ironically enough, a new survey from the National Hemp Research and Education Conference confirms the need to expand what we know about hemp. The study surveyed hemp stakeholders across the country to find out what areas of research were most needed to help propel the hemp...
Zero-Waste Hemp: A Win/Win Situation for Profits and the Planet
No matter what your reasons are for having entered the hemp industry, one thing is clear: The link between hemp and sustainability is undeniable. Hemp, in all of its resilient glory, can be used in 50,000 ways and offers sustainable solutions to unsustainable farming practices. And it’s biomass can be profitable for business. That’s a win/win we can all get behind. Here’s what you need to...
Forging Your Path to Supply Chain Transparency
Consumers are demanding more honesty from their favorite hemp and CBD products — from ingredient lists to test results, manufacturing process details, and even labor conditions. And while this level of detail may be more accessible for brands with in-house manufacturing, others may have a harder time capturing full...
3 Ways Bare-Minimum Tracking Can Hurt Your Business
In November 2019, NYPD officers from the 75th precinct posed with 106 pounds of confiscated marijuana they claimed was destined for the New York City streets. The confiscated bags were actually legal hemp headed for a CBD shop in Brooklyn. The police staged the seizure as a massive drug bust and arrested the shop...
Cashing in On Smokable Hemp
Smokable hemp is among the fastest growing — and most profitable — segments of the hemp-CBD market. Annual sales are expected to grow from $70 million in 2019 up to $400 million by 2025. And although it is only a fraction of today’s $1.2 billion total hemp-derived CBD market, smokable hemp presents a lucrative...
The DEA Interim Final Rule: Concerns for Hemp & CBD Businesses
Disclaimer: This article provides an overview of the DEA’s interim final rule. It is for informational purposes only and not for the purpose of providing legal advice. You should contact an attorney with respect to any legal matter.
The U.S. Drug Enforcement Administration (DEA) recently enacted an interim final rule...
Hot Hemp Can Damage Your Business. Here’s How to Prevent It.
0.3% — it’s an absurdly low percentage that can make or break your entire hemp operation.
But that’s the limit set by Federal and state laws for the delta-9 tetrahydrocannabinol (THC) levels that can be in your hemp product.
What is hot hemp and why does it matter?
Anything above a 0.3% of THC level in hemp...