Year: 2019
Newest Hemp Farms Now in Florida. Will They give 3 Times The Yield? Questions about CDB percentages. June 2019 Planting Has Begun!!!
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You will find it in stores, on reality TV, and lately even restaurants. Many people claim it offers relief for everything from anxiety to pain.
Up until recently, CBD was illegal in Florida but that’s changing as legislators change the law to help Florida cash in on the CBD craze.
Whether you are buying cosmetics, supplements, or just looking for tea, CBD oil is showing up just about everywhere.
Arby Barroso, co-founder of Green Roads, smiles when he talks about it.
“We have about 7,000 retail mom and pop stores, somewhere around 1,500 doctors, and another 1,500 pharmacies,” he said.
Barroso’s 6-year-old startup in Davie, South Florida, produces many of the CBD products you see in Florida stores.
“We started in a 5×5 room,” Barroso said. “Laura working 90 hours a week. In four years we are now moving to a 40,000 square foot facility, 25 employees and growing. So it’s exciting times.”
Green Roads is an example of a cannabis boom that is coming into Florida. He can barely keep up.
Each day they process between a thousand to fifteen hundred orders. With many products selling over a $100 a bottle, it’s big money.
Green Roads says they made $40 million dollars last year. Barroso expects to double it this year.
“I think it isn’t a fad and I think it is going to grow into something bigger than it is right now,” he said.
Chances are you have heard of people using CBD oil to treat seizures, anxiety, pain, muscle tension, depression, your pet and a host of other items.
While everyone is looking for a cure to their ailment what is really fueling the CBD oil craze is money.
CBD oil comes from cannabis plants, also known as marijuana or hemp. Both Marijuana and hemp look like the exact same plant.
In fact, if you saw both side by side you could not tell which is which.
The only difference is marijuana contains illegal mind-altering chemicals, also known as THC. Hemp has the THC genetically removed.
Industrial hemp can be used to make CBD oil, textiles for clothes, grain to eat, the possibilities are endless. The Federal government, lobbied by the cannabis industry, legalized hemp last year seeing the potential to revitalize the farming industry.
This month Florida legislators legalized hemp as well, in hopes of generating a new crop for the state. Some expect hemp to sell for ten times what an orange goes for. Florida’s Agricultural commissioner is calling Hemp a miracle crop for the state.
Before farmers can start counting their money, there are some serious concerns.
Dr. Zachery Brym is an agroecologist with the University of Florida’s Tropical Research and Education Center.
He took us out into a field in South Miami-Dade County to show us something most of us have not seen in our lifetime.
“This is the first legal outdoor planting of industrial hemp in the state of Florida in over 70 years,” Dr. Brym said with a smile.
In April, the University of Florida kicked off a study on hemp using a special permit.
Dr. Brym gave CBS4’s David Sutta a tour of the first farm field in the state where the plants are locked in.
“I think if the public saw something that looks like marijuana in an open field you might get a little interest in coming and taking some. But that’s very disruptive to our research,” Brym explained.
His hemp plants have been in the ground a few weeks. They are using seeds from around the world to see which ones can thrive in a hot humid summer.
When the plants do come up they should be hemp. But as temperatures rise they expect the plants to become stressed, which could in turn produce THC.
Brym explained, “One of the consequences of hemp plants being stressed is that high THC level. Those plants going hot which would redefine them from industrial hemp to marijuana, which would be an illegal operation whether you had a permit or not.”
Assuming they figure out how to keep hemp stressing out and becoming marijuana, there is also the concern these plants are wildly invasive, meaning the can spread quickly.
“We ultimately want to make sure that we can co-exist,” Brym said.
Back in a green house, Dr. Will Wadlington explains what they are worried about.
Wadlington is an agronomist with the University of Florida’s Tropical Research and Education Center, and is working under Dr. Brym’s project.
“We wanted to abuse the plants to see how they would handle it. So we put them in a hot green house. We actually didn’t use the air conditioner,” Dr. Wadlington said. “The hemp plants left on their own didn’t get very far. He pointed to withering plants that grew maybe 4 inches before budding. It’s going to be pretty useless. If all your plants got this tall and flowered it’s going to be an issue.”
But before they died they began reproducing.
Back in the field, Brym explained the state may have some difficult choices to make in the future.
“If a farmer makes a whole lot of money on hemp and then all of that money is ultimate equal to all of the money that we would have to spend on our natural areas to manage for hemp invasion then from a state level, from a system level, it’s sort of a null set,” he said.
Brym’s research is likely years from conclusion. In the meantime the enthusiasm for CBD continues to grow.
Barroso is expanding to a new facility and ramping up production.
“I don’t think we will see an opportunity like this again in our lifetime,” he said. I don’t think our kids will see another opportunity like this in their lifetime.”
It is unclear if Florida’s agriculture community will wait for the research or move ahead with the businesses of hemp and CBD oil.
This summer the state will create a rules plan for hemp farms. These will be guidelines for who can grow, how to grow, and what will be required for monitoring everything. A number of farmers have already cleared plots, eager to get started.
While hemp is new to Florida it is not new to the United States.
Nearly two dozen states are already in the process or about to produce hemp as a crop.
There is a lot of optimism about Florida because of the potential to grow more often than the rest of the country. Cannabis needs warm temperatures to grow. In Kentucky it takes 120 days to grow and they harvest just one time a year.
Florida farmers believe they could harvest two to three times a year. The potential to produce more product and make more money is peaking interest.
CDB That’s Out of This World!
On May 6th, early morning, a SpaceX freight capsule anchored with the International Space Station after a two-day trip to orbit. On board, the craft was supplied for the astronauts and also a collection of scientific research experiments, consisting of four “body organs on a chip” designed to reproduce human body organs in miniature as well as an experiment to examine the amount of carbon dioxide in the atmosphere. While sending scientific research experiments into orbit is a foregone conclusion for NASA, this cargo run to the spaceport station additionally lugged an extra unusual traveler: a pound of hemp seeds.
This marks the initial time that anything even remotely cannabis-related has actually been sent out to space.
Although astronauts are banned from cigarette smoking cannabis, this objective had not been about capturing a buzz. Rather, it’s the primary step towards comprehending just how reduced gravity conditions influence hemp biology, which can result in brand-new applications for hemp on Earth.
Why Take Hemp Seeds To Space?
Hemp is a kind of cannabis that technically belongs to the sativa family as well as is recognizable for its slim leaves that are focused near the top of the plant. Hemp is a functional plant with thousands of applications, ranging from apparel and skin care products to dietary supplements as well as a substitute for concrete.
In December, the U.S. federal government passed the Hemp Farming Act, which got rid of the plant from the list of Schedule I controlled substances. This blew unlock for farmers to pursue hemp farming permits throughout the nation and also made it a lot easier to pursue clinical research on hemp– even in exotic locations like space.
Space Tango is a Kentucky-based company that helps researchers style as well as implement experiments on the International Space Station. To date, the company has actually aided researchers do greater than 100 experiments on the ISS, but adhering to the legalisation of hemp in the U.S., it saw a chance to embark on an absolutely extraordinary research study project. Hemp is a growing business in Kentucky, and Kris Kimel, a co-founder of Space Tango, understood just the best person to help send it right into the final frontier.
After boosting the commercial potential of hemp on Earth, Rouse was ready to check out the commercial possibilities of hemp in the last frontier. When Kimel told her concerning his idea to send out hemp to orbit, Rouse jumped at the opportunity.
” We do not actually understand what’s most likely to happen when we take the seeds up to space and also what results that will certainly have on the plant,” Rouse said. “Is it most likely to tease out a cannabinoid that we maybe really did not recognize existed? Does it have an effect on hemp’s dietary profile or the fiber stamina?”
What Type Of Experiments Are Being Studied?
The hemp seeds are expected to return to Earth in concerning a month, at which factor they will be grown in a lab. According to Rouse, the hemp seeds that were sent to the ISS are from a lineage that dates back to the 1800s.
This is the very first-time marijuana has actually gone to space, other plant seeds have actually flown to orbit. In 2017, Space Tango partnered with the University of Kentucky to send out valerian and also periwinkle plants to the ISS, both of which are recognized for their medicinal high qualities. While the full outcomes of this experiment have yet to be launched, images comparing the plants grown precede with the plants expanded on Earth reveal that the space plants are much smaller than their earthbound counterparts. If microgravity alters the genetics of the hemp seeds, there’s also a possibility that in the future there will certainly be a brand-new strain of “space hemp” being grown in the world.
CONCLUSION
Now that the Hemp Farming Act is removing the means for growing as well as research, we may get on the cusp of a hemp change. Indeed, Rouse claimed that this is just the very first of numerous hemp missions to space, however, she and her associates have to wait on outcomes before the following goals are intended. There is a debate to be made that the cash invested in sending out hemp seeds to space would certainly be far better invested by examining hemp in the world, however, Rouse said the expense will be worth it.
” This offers an opportunity that can not be replicated on Earth,” Rouse said. “Trying to recognize what the microgravity atmosphere may do to the plant can in fact help things on Earth relocation along quicker as well as can potentially help production right here on Earth, much more so than had we not done it..”
The Delivery Mission completed, The capsule undocked from the Space Station and returned to Earth, June 3rd, 2019.
While we ponder the stars and our universe, we still have our own research pending. We can now begin understanding the many benefits of CBD. To find out what we do know and how HempSMART may be your Shining Star in the CDB (no THC) World, click on this link.
CBD + SUNSHINE STATE = SUCCESS! THC + FLORIDA = Ever Changing Legislative Action!
While CBD is looking like Yellow Gold in Florida, with Governor Ron DeSantis about to sign into law the SB 1020 bill effective July 1st. Below is a handy guide to applicable bills regarding cannabis reform in the Sunshine State.
Republican Senator Jeff Brandes‘ Bill SB 182 Medical Use of Marijuana and HB 7015, the House Health & Human Services Committee.
This bill plans to allow medical marijuana to be available in the form of smokeable flower for adults. Only minors who are terminally ill, with a recommendation from both a qualifying physician and a pediatrician will be the exception to the rule.
Retail Decoupling
Senator Thurston’s SB 154 and Representative Thompson’s HB 461 – Retail Medical Marijuana Facilities.
“Revising definitions of the terms ‘edibles, ‘low-THC cannabis,’ ‘marijuana,’ and ‘marijuana delivery device’ to include items that are dispensed by a medical marijuana retail facility; defining the term ‘medical marijuana retail facility’; revising the definition of the term ‘medical use’ to include the use of marijuana dispensed by a medical marijuana retail facility; revising the definition of the term ‘physician certification’ to authorize a qualified patient to receive marijuana and a marijuana delivery device from a medical marijuana retail facility; prohibiting qualified physicians and caregivers from being employed by or having an economic interest in a medical marijuana retail facility; requiring that the medical marijuana use registry maintained by the Department of Health be accessible to medical marijuana retail facilities for certain verification purposes, etc.”
Cannabis Banking
Senator Taddeo’s SB 1116 and Representative Silvers’ HB 1119 – Banking Services for Medical Marijuana Treatment Centers.
This bill is to “Revise the definition of the term ‘financial institution’ to include a medical marijuana limited charter bank or credit union licensed under the Marijuana Limited Charter Banking and Credit Union Law. Providing a short title; defining terms; establishing the Medical Marijuana Limited Charter Bank and Credit Union Advisory Board within the Office of Financial Regulation.”
Out of State Patient Card Reciprocity
Republican Representative Massullo’s HB 557and Republican Senator Albritton’s SB 1328 – Reciprocity for Medical Use of Marijuana.
According to the bill, “An act relating to reciprocity for the medical use of marijuana; providing that a qualified patient identification card or caregiver identification card, or its equivalent, issued by another state, United States territory, or the District of Columbia, has the same force and effect as a medical marijuana use registry identification card issued by the Department of Health, etc.”
Adult Use (Recreational) Marijuana
Representative Grieco‘s HB 1117 and SenatorFarmer’s SB 1780 (co-introduced by Senator Bracy) – Adult Use Marijuana Legalization An act relating to “Adult Use Marijuana Legalization; Renaming the Division of Alcoholic Beverages and Tobacco of the Department of Business and Professional Regulation; exempting certain activities involving marijuana from use and possession offenses; authorizing persons age 21 and over to engage in certain activities involving personal use of marijuana in limited amounts; providing limits on where persons may engage in specified activities, etc.”
Marijuana Use Decriminalization
Senator Pizzo‘s SB 1312 and RepresentativeJenne’s HB 1312 – Cannabis decriminalization
“An act relating to cannabis; providing reduced criminal penalties for distribution or possession of certain amounts of cannabis concentrate or THC in cannabis products or edibles, etc.”
Constitutional Amendment for Adult Use
Democratic Senator Bracy‘s SB 1298 – Adult Right to Cannabis This legislation is “a joint resolution proposing the creation of Section 28 of Article I of the State Constitution to establish the right of persons over a specified age in this state to possess, use, and cultivate cannabis.”
Florida is a bipartisan hotbed of cannabis reform. However, wherever you Live you can Legally Order CBD. Getting the best product without having to research, check this link.
Square Launched For CBD Cannabis Company Credit Card Processing.
Companies that sell cannabis products—even those consisting of CBD derived from hemp, which was legalized in the U.S. through the Farm Bill late last year—are continuing to have trouble accessing basic financial services that are available to businesses in other sectors. That includes being able to maintain bank accounts and process their customers’ credit cards.
The latter problem could be solved under a new pilot program that has quietly been launched by the payment processing service Square.
“Square is currently conducting an invite-only beta for some CBD products,” a spokesperson for the company said in an email.
When asked about the reasons for the launching the new program, which comes after years of refusing to work with CBD companies, the spokesperson said that the company closely watches evolving public policies and strives to create new opportunities for clients.
Thanks for checking in, but we’re not able to support sales of CBD at this time. This Support Center article has more information:https://t.co/KMgsu6cP6l. Send us a DM if you have any questions about this.https://t.co/1BxE8pERcm
— Square Support (@SqSupport)October 19, 2018
Unfortunately, Square is currently unable to support the sale of these products. If Square becomes able to support businesses selling CBD, we will announce it.
— Square Support (@SqSupport)December 13, 2018
In any case, Square’s beta effort comes just at the right time for businesses in the growing CBD space. This month, US Bank subsidiary Elavon, which has until recently handled payment processing for companies selling products with the non-intoxicating cannabis compound, is moving to shutter those accounts.
Last week, Rep. Andy Barr (R-KY)pressed federal financial regulators about the issue during a hearing.
“I’ve had constituent businesses tell me that their access to financial products, specifically card services, have actually deteriorated since we de-scheduled industrial hemp in the Farm Bill,” he said. “This obviously conflicts with congressional intent.”
In April, Senate Majority Leader Mitch McConnell (R-KY) and Sen. Ron Wyden (D-OR)—who together championed hemp’s legalization through the Farm Bill, sent a series of letters to various federal agencies pushing for new guidance about financial services access for hemp businesses.
“While some financial institutions have agreed to offer financial products to the growing hemp industry, many of them have not due to confusion over the legal status of hemp,” the bipartisan duo wrote. “However, as hemp is no longer a controlled substance, financial institutions should feel secure in engaging with this industry.”
Square’s entry into the CBD space comes as federal legislation to allow broader access to financial services for marijuana businesses is gaining momentum in Congress.
In March, the House Financial Services Committee voted 45 to 15 to approve a bill to shield banks from being punished by federal regulators for working with state-legal marijuana businesses. That legislation now has 184 cosponsors—significantly more than a third of the chamber’s membership, and a floor vote is expected within the next several weeks.
A companion Senate bill has 29 lawmakers signed on, but Banking Committee Chairman Mike Crapo (R-ID) has so far refused to commit to even holding a hearing on the proposal.
But outside groups that do not traditionally support marijuana law reform are exerting pressure on Congress to act.
Bankers associations from all 50 states sent a joint letter urging Crapo to move the cannabis financial services legislation forward.
Earlier last month, members of the National Association of Attorneys General, which represents the top law enforcement officials in each state, sent a similar letter endorsing the marijuana banking bill.
The National Association of State Treasurers adopted a resolution supporting a legislative fix, writing that “cash-based systems are inefficient, expensive, and opaque, making illicit activity more difficult to track and posing a significant risk to public safety by increasing the likelihood of violent crime.”
Live Investor Conference & Webinar: Cannabis Industry Companies Present June 4th Cannabis Company Executives share vision, answer questions live at VirtualInvestorConferences.com
NEW YORK, May 31, 2019 /PRNewswire/ — Virtual Investor Conferences and KCSA Strategic Communications today announced the agenda for the upcoming Cannabis Industry Virtual lnvestor Conference. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 8:45 AM ET, with the first live webcast at 9:00 AM ET, on Tuesday, June 4th, 2019.
REGISTER NOW AT: https://tinyurl.com/June4CannabisVIC
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There are no fees to log-in, attend the live presentations or ask questions.
June 4th Agenda:
“The Cannabis Virtual Investor Conference has proven itself to be an invaluable platform for connecting our clients with investors, from the most prominent hedge funds, to the average retail investor,” said Phil Carlson, Managing Director at KCSA Strategic Communications. “We have seen attendance grow steadily since the conference’s inception nearly three years ago, and we believe expanding access to the management of high-growth cannabis companies is vital for companies looking for increased stock liquidity, an expanded investor base, as well as the runway to speak to their recent operational achievements and outlooks.”
To facilitate investor relations scheduling, for more information about the program and to view a complete calendar of Virtual Investor Conferences, please visit
www.virtualinvestorconferences.com.
About Virtual Investor ConferencesSM
Virtual Investor Conferences is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.
A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group’s suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.
About KCSA Strategic Communications
KCSA is a fully integrated communications agency specializing in public relations, shareholder communications and social media, with expertise in cannabis, financial and professional services, technology, healthcare, digital media and energy. Since 1969, the firm has demonstrated strategic thinking and program execution that drives results for its clients in the ever-changing communications and digital landscape. The firm’s clients are its best references. For more information, please visit www.kcsa.com or https://www.kcsa-cannabis.com/
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