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...
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...
Traceability: The Key to Your Big Break with Major Distributors
“Success is what happens when preparation meets opportunity.” It’s a great quote that reminds me how important it is in the hemp industry to keep traceability and chain of custody top of mind.
Just in the last few weeks, I’ve had several encounters with people who have reached out for help on how to incorporate traceability and chain of custody into their operations. Not because of...
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...
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...
The Cannabis Industry Lives and Dies by the Data
Gone are the days of gut feelings and hunches — at least when it comes to business. As cannabis becomes more widely accepted, growers, extractors and retailers alike need to accept one critical mantra: It’s data or death. Here’s why.
Data is refuge in a COVID-19 world.
In the midst of an...