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Los Angeles, California May 3, 2022, Cannabis Global, Inc. (CBGL), Cannabis Global, Inc., a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, today announced an important supply agreement to solidify the Company’s position in the solventless cannabis product sector.
Under the terms of an agreement, Sugarmade, Inc. (SGMD) will cultivate cannabis specifically for Cannabis Global. The initial contract calls for the supply of 25,000 pounds of “Fresh Frozen” cannabis, which will be cultivated specifically to Cannabis Global’s specifications.
Mr. Tabatabaei continued, “We plan to process a significant amount of this material at our Lynwood California location. In addition, we will enter the wholesale space to supply up to 10 separate strains of Fresh Frozen Cannabis to other solventless manufacturers in the Los Angeles area. With the market for solventless products growing rapidly, we believe this agreement will be an important component of our future success.“
Cannabis Global plans to launch its premium rosin line under the Wolfgang Wax brand name by way of its recent acquisition of the Caliwanna, LLC brands. In addition, Cannabis Global will utilize the rosin concentrates produced from the biomass to enhance its rosin preroll and edible lines, and in the future for inclusion in cannabis beverages and tinctures, we are currently in development.
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After 81 years, the 2018 Farm Bill represents the largest step towards undoing the racist and scientifically baseless legacy of the Marihuana Tax Act of 1937.
The 2018 Farm Bill officially reclassifies hemp for commercial uses after decades of statutes and legal enforcement conflating hemp and marijuana, the Farm Bill distinguishes between the two by removing hemp from the Controlled Substances Act. (While the two are closely related, hemp lacks the high concentration of THC that is responsible for the high from smoking marijuana.)This would effectively move regulation and enforcement of the crop from the purview of the Drug Enforcement Agency to the U.S. Department of Agriculture.
The 2018 Farm Bill expands upon provisions in the 2014 version of the annual bill, which created Hemp Pilot Programs. These Hemp Pilot Programs “created a framework for the legal cultivation by states of ‘industrial hemp’ without a permit from the Drug Enforcement Administration.” The 2014 Hemp Pilot Programs were a success for farmers and consumers across the U.S., from Colorado to North Carolina.
That’s cool for a retirement project if you’re a billionaire, but hardly enough land to launch any sort of industry. And of that, about 70% of
which was used to make CBD oil. Only recently have we seen an increase in manufacturers using hemp fibers to make fabrics, construction materials, health products, and other consumer goods.
With the passage of the 2018 Farm Bill, America will have a chance to counter China’s massive influence in the cannabis hemp industry. But it will mean playing catch-up for the foreseeable future. Currently, hemp cultivation techniques in America lag far behind other crops—it still has to be harvested by hand even. Even though marijuana is legal in China, the country has funded research into the plant and its cultivation, placing it miles ahead of other countries. The Farm Bill will help hemp farmers and entrepreneurs.
The 2018 Farm Bill will radically overhaul America’s relation to hemp and could unleash a hemp renaissance in the coming years that will close the gap between the U.S. and China. As a Schedule 1 substance alongside marijuana, hemp farmers and entrepreneurs in the U.S. have faced many barriers to doing business. Interstate commerce for hemp products was almost non-existent and financing was difficult to come by. But all that is set to change.
According to the American Agriculturist, the 2018 Farm Bill will allow hemp to be regulated by the USDA, including the labeling of American-grown hemp as certified organic; interstate hemp commerce will be legalized; financing and research opportunities will open up; hemp farmers will be guaranteed water rights; the definition of hemp will be altered to make it a non-drug commodity.
Hemp has hundreds of uses, many of which are yet to be discovered or fully realized thanks to the lack of available research funds. From textiles and plastics to livestock feed and home cooking, hemp has many applications that can reduce our dependence both on other countries and fossil fuels. Driven by explosive growth in hemp-based consumer products, the global hemp market is expected to jump to $10.6 billion by 2025.
“We continue to see great progress towards a new perspective on cannabis within the US. Within healthcare, several conditions and certain patient profiles rely heavily on CBD-only products of which the proposed Farm Bill will work to dramatically improve access to patients – not only in the US but globally,” said Prad Sekar, CEO of CB2 Insights in a written interview. All of those uses make hemp a profitable cash crop for suffering farmers, with some early commercial growers reporting $100 per-acre more profit on hemp than canola. Hemp grown for CBD oil, on the other hand, can take in $8,000 per acre versus $600 per acre for corn. In particular, hemp can be a boon for arid western states. According to Pacific Standard,
Hemp is thus profitable and sustainable, two words which have eluded many U.S. farmers as of late. Hemp cultivation could provide much-needed relief as farmers struggle to find markets for millions of bushels of crops during the trade wars. Now, instead of importing an estimated $100 million of hemp products every year, that money will go to American farmers and entrepreneurs.
Bruce Perlowin, CEO of Hemp, Inc, believes hemp legalization will drive disenfranchised farmers “back-to-the-land” now that they’ll have a solid economic basis in industrial hemp to rely on. “Our strategy has been to partner with farmers across the country in states where hemp cultivation and manufacturing is legal to provide them with the infrastructure needed to make a profit off this incredible crop, and this bill will be an incredible boon for the American small family farm,” Perlowin continued “The health and wellness industries are in for a major overhaul with the massive research and development and exploration into CBD‘s, CBGs, CBN’s and 113 other cannabinoids as well as some 300 terpenes found in the industrial hemp plant.”
Sometimes, I Wonder. Failing to remove the D.C. rider prevents the nation’s capital from using local tax dollars to implement its legal cannabis program
President Joe Biden has once again moved to exclude Washington, D.C. from legalizing marijuana sales as part of the budget proposal for Fiscal Year 2023, which he sent to Congress Monday.
Despite DC voters having overwhelmingly approved cannabis legalization in 2014, the district government has consistently been prevented by a legislative rider from implementing regulated cannabis sales each time the budget comes up. Failing to remove the D.C. rider prevents the nation’s capital from using local tax dollars to implement its legal cannabis program.
Congressional Democrats Elevate Marijuana Equity Issues At Retreat Panel Focused On Legalization
Democratic congressional lawmakers convened for a policy retreat in Philadelphia on Thursday that featured a panel on advancing marijuana reform with a focus on promoting equity.
Rep. Barbara Lee (D-CA) moderated the cannabis panel, which largely centered on the need to ensure that those most impacted by prohibition can benefit from federal legalization. The Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, sponsored by House Judiciary Chairman Jerrold Nadler (D-NY), was specifically discussed as advocates push for a floor vote on the proposal this month.
A Democratic congressional staffer familiar with the panel told that “the congresswoman’s feeling is still that racial justice and restorative justice needs to be at the centerpiece of any cannabis legislation that we put forward,” referring to Lee.
Notably, the event took place the day after the Democratic-controlled House approved a large-scale spending bill that continues a long-standing appropriations rider blocking Washington, D.C. from allowing cannabis commerce despite local voters’ approval of legalization at the ballot in 2014.
Despite that legislative setback for reform, sources emphasized that the panel discussion at the retreat focused on ensuring that equity is a focal point of any broader legalization legislation that advances on Capitol Hill.
Supernova Women Executive Director Amber Senter, who is a constituent of Lee’s and participated on the panel, told Marijuana Moment that there was extensive discussion about equity programs and clearing up misconceptions about who would qualify for equity benefits under proposed legalization legislation.
“I’m an operator and owner of a cannabis business in Oakland. And I wanted the lawmakers to understand the difference between social equity and black business,” she said, “because a lot of the lawmakers believe that they’re all the same—that if you’re a black person, you qualify for social equity, and that’s simply not true.”
“They were shocked. They were very intrigued, very engaged and want to follow up to learn how to protect black business,” Senter said.
Attendees seemed “very willing and open to learning more information about what’s happening from the operators’ perspective,” she said. “That was very encouraging. Lots of times in these types of settings, it’s policymakers that are speaking to the legislators, and they rarely get to hear from the operators on the ground who are affected by all these policies.”
Minority Cannabis Business Association (MCBA) Executive Director Amber Littlejohn, who also participated in the session, told Marijuana Moment that “it is encouraging to see House Democrats continue to consider this issue—important enough to dedicate this type of time and thought to it” at the retreat.
“It’s particularly encouraging that the panelists that there were folks that are really centered on equity and ensuring that, as we legalize, it will be rooted in equity,” she said.
That point was echoed by Maritza Perez, another were panelist who serves as director of the office of national affairs at the Drug Policy Alliance. She told Marijuana Moment that the MORE Act “continues to be the most far-reaching bill that addresses social equity in marijuana in Congress.”
Also speaking on the panel was the Brookings Institution’s John Hudak.
This isn’t the first time that congressional Democrats have put marijuana reform on the agenda for similar closed-door retreats. In 2019, Lee and Rep. Earl Blumenauer (D-OR)—who are both co-chairs of the Congressional Cannabis Caucus—also moderated a panel raising the issue to colleagues.
The agenda for that event touched on everything from the consequences of cannabis criminalization to frameworks that states have established as they’ve moved to enact legalization.
While it remains to be seen whether House leadership will put the MORE Act back on the floor this month, as advocates are pushing for, the bill did clear the Judiciary Committee in September. It passed the full chamber last session in a historic vote in 2020.
Ahead of Thursday’s Democratic caucus retreat, a GOP congressman, Rep. Jim Banks (R-IN), made a dismissive comment about the opposite party’s legislative priorities.
As questions were being raised about the timeline for the Democratic retreat amid negotiations over omnibus legislation, he made a sarcastic comment on Twitter: “Oh no! Will this delay the drag show or the discussion on racial equity in the cannabis industry?”
TALLAHASSEE, Fla., March 4, 2022 — Trulieve Cannabis Corp. TCNNF Trulieve” or “the Company”
a leading and top-performing cannabis company in the U.S., will hold a conference call on Wednesday, March 30, 2022 at 8:30 AM Eastern Time following the release of its fourth quarter and full year 2021 financial results.
Las Vegas, NV, Feb. 15, 2022 Hemp,Nature’s “wonder crop” is in the spotlight again during the USDA Secretary’s recent tour of Lincoln University’s Dickinson Research Facility. reports today that hemp’s role in sustainable agriculture has garnered the attention of USDA Secretary, Tom Vilsack, as he recently announced that $1 billion in grants will be offered by the federal government to support climate-friendly farming when he toured the facility that studies agriculture.
The self-sustaining Smartbox processes the hemp plant into high-value hemp seed oil that can be used as a biodiesel (some of which can fuel the Smartbox’s own generator), fuel pellets or livestock bedding, and hemp seed cake.