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December 8, 2019 CONTACT

Staff, Author at Hemp Market Report

StaffStaffNovember 8, 2019
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9min00

With the surge of medical marijuana and CBD-THC -free products across the US, medical patients in Florida can rest assured that they can legally obtain medical marijuana for certain health and pain-related conditions at a medical marijuana dispensary in Florida.

Florida’s Compassionate Medical Cannabis Act was signed into law on June 16, 2014, by Governor Rick Scott. This act allowed for specialized doctors in Florida to order low- THC cannabis for patients from January 2015.

That said, recreational marijuana is illegal in Florida, and medical patients that need medical cannabis have to go through Florida’s system of obtaining a medical marijuana card to use at a medical marijuana dispensary.

A Florida doctor must follow certain conditions before being allowed to order low-THC cannabis for Florida patients. These conditions include the following:

  •  The physician must be licensed under Chapter 458 and 459 of the Florida Statutes
  •  Attend an 8-hour training class
  •  Write and pass an examination

With Florida federally legalizing hemp in 2018, there are numerous CBD companies selling hemp online. By 2019, smokable medical marijuana was made legal in Florida, although there is still a bit of a wait to get a prescription. March 18, 2019, Bill provisions include the following:

  •  Allows the possession and use of smokable medical marijuana from a medical marijuana dispensary. 
  •  It allows for the use of a marijuana delivery service used for smoking marijuana to be purchased from a vendor other than a medical marijuana treatment center.
  •  Regulates the amount of smokable marijuana to no more than a 35- day supply for a 35-day period, or no more than one 70-day supply for a 70-day period.
  •  The 35-day supply cannot amount to more than 2.5 ounces, with patients not allowed to have more than 4 ounces of smokable marijuana at a time.
  • Dispensed marijuana products need to remain in their original packaging.
  •  Patients are prohibited from smoking medical marijuana in public, at work, or on private property when not permitted by the owner.

That said, medical marijuana can only be purchased at a medical marijuana dispensary in Florida.

Reasons for Legalization

Over 70% of Florida voters approved wanted medical marijuana approved by 2016. Voters believed that qualified medical patients should have the right to smoke medical marijuana or take it in whichever form they most preferred. 

There was also Florida’s appeal of a lawsuit following the ban. Today, chronic pain is the most common reason patients use to get the state-approved medical marijuana card in Florida. They need to get a marijuana card first so that they can visit a medical marijuana dispensary.

Patients Options

Marijuana is a Schedule 1 drug under Federal Law, which means Federal Law supersedes State Law. Marijuana that contains a high amount of THC is effective for patients with different medical conditions such as:

  •  Autism
  •  ADHD
  •  Chemotherapy
  •  Parkinson’s Disease
  •  To increase appetite
  •  Pain management
  •  Glaucoma
  •  Depression

Risks and Opportunities 

Long-term research is still not available as to the safety of all CBD products. Harvard adds that “without sufficient high-quality evidence in human studies we can’t pinpoint effective doses, and because CBD is currently being mostly available as an unregulated supplement, it’s difficult to know exactly what you are getting. If you decide to try CBD, talk with your doctor — if for no other reason than to make sure it won’t affect other medications you are taking,” adds Dr. Grinspoon, MD, Harvard Health Publishing. 

Whether you’re purchasing medical marijuana from a medical marijuana dispensary or THC-free CBD, patients need to question where their product comes from, and who is responsible for the final quality of the product. The US made medical marijuana and CBD-THC-free products tend to be a higher-quality product with fewer contaminants like heavy metals and pesticides.

Quality control measures in the US come into play in a big way of protecting consumers. That said, consumers still need to ask for a certificate of analysis or COA to examine the analytical testing of the final medical marijuana product from a third-party lab. This guarantees safety and a high –quality product for all patients. 

A medical marijuana dispensary in Florida will have to follow certain rules and regulations, and can only start dispensing medical marijuana after obtaining a receipt of a medical marijuana dispensary license. 

Keep in mind that Florida law requires that medical marijuana patients meet up with their provider at least twice a year. In 2019, the Florida School board also approved a plan to establish a policy to allow for the use of medical marijuana from a medical marijuana dispensary. With medical dispensaries generating millions in sales this year, it’s not surprising that medical marijuana patients may have a hard time making a choice with the huge array of cannabis products, and extended CBD brand lines.

Author:

Olivia Davis is an enthusiastic, creative author and the Communications Assistant at Dr.Green Relief – Medical Marijuana Doctors. Our mission is to aid patients with qualifying conditions to get their MMJ Card so they can use, possess and cultivate medical marijuana legally.

 


StaffStaffNovember 7, 2019
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7min00

The USA has a new boom for hemp farmers. Though it is forbidden to consume cannabis at the federal level, 33 states legalized its usage for medical purposes and 11 states don’t mind about you smoking hemp for your personal advantage. 

Let’s distinguish the difference between hemp and marijuana. There are over 50 thousands of goods that have hemp as one of the ingredients. They include clothes, cosmetics, beverages, food, construction supplies, etc. These two types of crops are cultivated from one sort of plant, Cannabis sativa L. However, hemp has only 0.3% of THC (Tetrahydrocannabinol), the addictive component of marijuana. This means, that hemp can’t make you high and doesn’t have a similar effect as smoking a joint of marijuana. 

According to Barclays Bank and EssayShark, the size of the legal cannabis market reached $28 billion in the past year. If the USA legalizes the full cannabis market, it will enhance to $41 billion by 2028.  In case the medical usage is legalized in Europe and at the federal level, the market will grow to $55 billion. It’s logical that such perspectives attract lots of investors. This fact led to the appearance of many hemp-related startups in 2018. At the beginning of 2019, their total value was worth $1.2 billion.

It’s not surprising that these tendencies and potential increased the number of new hemp farmers. There are limits to growing cannabis, but they are quite ridiculous. For example, you can’t grow more than three sorts of the plant. A person can freely grow up to 6 bushes of hemp. People who managed to “catch the wave” of planting cannabis have now grown to the earning millions of dollars. The average price for their final product is seven thousand dollars per one kilo. Farmers are sure that it’s better to work legally and the prohibitions only support the drug dealers and the development of the black market.

The product that had been illegally brought to the USA turned into legal goods. Authorities imposed taxes and customs on them. Workers involved in the hemp industry obtained official employment, government establishments started checking the quality of the product. As a result, the price for legal cannabis increased by 5-6 times in comparison to the illegal options. Many people with low budgets prefer purchasing under-the-table weed instead of paying more. Thus, the new hemp farmers who want to have a stable income must sell their product almost without any retail margin to compete with the existing offers until they have a stable audience of customers. 

Due to the high demand and the global madness over an opportunity to earn money in this industry, many people attempt starting their own production of hemp. Those people who have never had experience with anything related to agriculture (it is agriculture by any measure) have a strong belief that it’s a piece of cake. New hemp farmers usually make the same mistakes. They don’t compile a harvest plan and take into account the weather conditions. As a result, they might lose their yield or have a smaller amount of crop than expected.

Another reason that influences the new businessmen is their confidence in finding the customers or contractors for selling their products. Experienced and considered farmers search for the contractors prior to planting the crop. Therefore, they can estimate the approximate number and the workforce required to cultivate and process the product. The majority of new farmers rely on independent contractors who have to cultivate, harvest, and dry their crops. Unfortunately, many such contractors make only verbal promises and don’t satisfy their customers’ needs. As a result, farmers fail to yield and process hemp to have a final product for sale. 

It’s difficult for amateur farmers to enter the market and beat the competition. The huge processing and harvesting companies in the industry leave almost no chances for small businesses. Thus, even if you consider all the negative factors like unfortunate weather, low prices, lack of labor, and create a perfect harvesting plan, there is still a high possibility that you might push your income into the red. The industry is facing the oversupply of hemp which leads to the decreased rates. Many farmers hurry to fire-sale their crops to anyone not to lose all the money and efforts put into the cultivation, harvesting, and processing. 

The hemp market is definitely flourishing in the USA. Unfortunately, the equipment, workforce, knowledge, skills, and time required to grow cannabis might be too much for the newbie farmers. They tend to underestimate the efforts and financial risks for entering this sphere. 

Guest post by Kelly Pethick


StaffStaffNovember 5, 2019
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4min00

Virginia’s Governor Ralph Northam announced that the first commercial hemp fiber processing plant, Vitality Farms, LLC, will soon be launched in Wythe County. According to the statement, the facility is currently operating as Appalachian Biomass Processing with plans to invest $894,000 and create 13 jobs.

Plant To Buy $1 Million in Hemp 

The plant intends to purchase at least 6,000 tons of industrial hemp valued at $1 million or more from farmers in Virginia in the following three years.

Governor Northam further said that his goal is to pursue every avenue meant to bring economic prosperity to the communities. He also noted that industrial hemp production opens the state of Virginia to a sea of opportunities such as new jobs and businesses. Governor Northam added that Virginia is dedicated to developing a booming and sustainable hemp industry, and he believes that by establishing the processing plant, a market will be opened for the farmers and growers of industrial hemp.

In March, Governor Northam aligned Virginia’s hemp law to the 2018 Farm Bill by signing the bill legalizing commercial farming and processing of industrial hemp. The announcement was marked as the first economic development in the hemp industry in Virginia.

The Secretary of Agriculture and Forestry, Bettina Ring, said that farmers in the Southern and Western regions if Virginia could benefit highly from the hemp as it has much potential. She further noted that for areas growing industrial hemp to benefit from the crop’s great potential, they must have a processing facility and robust markets for selling hemp products. In Virginia, the number of registered industrial hemp farmers is more than 1,100 and the local hemp market is growing, said Ring.

The governor’s announcement noted that the Appalachian Biomass Processing will use a specialized decorticator to process bales of hemp stalks into two raw agricultural products. The company will sell bast fiber to a North Carolina company for further processing and sale to the textile industry, while the woody core of the plant, or hurd, will be sold to a Virginia company for use as animal bedding. A native of Wythe County, company founder Susan Moore has cultivated substantial industry knowledge and relationships through experience conducting research in partnership with VDACS and the University of Virginia.

Working with Wythe County to snag the project for the Commonwealth is the Department of Agriculture in Virginia and Consumer Services. Agriculture and Forestry Industries Development, through Governor Northam, awarded the project a $25,000 grant. Wythe County was supposed to match the grant amount with local funds.

The Governor’s office released a statement saying that the company will process hemp stalk into agricultural products with a specialized decorticator. Appalachian Biomass Processing will sell the processed bast fiber to another company in North Carolina for further processing, which will later sell the finished product to the textile industry. The woody core of hemp will be used as animal bedding.

 


StaffStaffNovember 4, 2019
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8min00

While CBD is exploding across all markets, Cannabigerol or CBG could be just as important. It is often described as the “Mother of all cannabinoids” because it is the chemical source of all other plant-based cannabinoids. Like CBD, CBG delivers no overt psychoactivity, making it safe for children, seniors, and those in sensitive job positions.

In 2018 The National Center for Complementary and Integrative Health (NCCIH) announced an intent to research minor cannabinoids including CBG that could help manage painThe NCCIH wrote that minor cannabinoids are defined as all and any cannabinoids from the cannabis herb other than Δ9-tetrahydrocannabinol (Δ9-THC). Cannabinoids and terpenes of particular interest include: Cannabidiol (CBD), Cannabigerol (CBG), Cannabinol (CBN), Cannabichromene (CBC), Myrcene, ß-caryophyllene, Limonene, a-terpineol, Linalool, a-phellandrene, a-pinene, ß-pinene, Y-terpinene, and a-humulene.

“This initiative intends to support highly innovative basic and/or mechanistic studies in appropriate model organisms and/or human subjects aiming to identify, describe and predict if minor cannabinoids and/or terpenes can help treat pain. The mechanisms and processes underlying potential contribution of minor cannabinoids and terpenes to pain relief and functional restoration in patients with different pain conditions may be very broad.”

Consumers don’t hear very much about CBG because it is difficult to produce and expensive to boot. The cannabis plants make lots of THC and CBD, but CBG is usually only present in small percentages. That is why it is called a “minor”cannabinoid. CBG can be five to six times more expensive than CBD.

In September, Hemptown USA released a new research-based CBG whitepaper that includes research from over 60 clinical studies with historical data and analysis.

The report noted that Cannabigerol or CBG, is one of a family of more than 100 molecules called cannabinoids that are produced by cannabis. “CBG is unique among its peers due to the pivotal role that it plays in the synthesis of other cannabinoids and the overall chemical composition of the plant.” According to a 2018 research study, CBG binds with both CB1 and CB2 receptors. This gives CBG greater potential efficacy than cannabinoids that bind with only a single type of receptor, such as CB2. Reported the study’s authors, “The results indicate that CBG is indeed effective as a regulator of endocannabinoid signaling.”

The paper wrote, “You’ve probably heard of popular chemotypes like Sativa and Indica, or the lesser-known Ruderalis, but did you know scientists have discovered a possible 4th chemotype? Research goes back as far as 1987, but more recently, studies in 2002 and 2005 have documented a fourth chemotype that features extremely large volumes of CBG and very low levels of THC.” 

The research found that CBG-dominant chemotypes consistently offer significantly larger volumes of the “companion molecule” CBD. Those molecules join forces to provide additional effectiveness for systemic inflammation, anxiety, and pain. Some studies suggest that CBGV also boosts CBD metabolism within the body, making CBD more potent when paired with this cannabinoid. 

Numerous Studies Cited In White Paper

The white paper lists an exhaustive compilation of CBG studies including a 2018 study entitled “Cannabigerol Action at Cannabinoid CB1 and CB2 Receptors” that was published in the journal Frontiers in Pharmacology investigated the binding affinity of CBG with the CB1 and CB2 receptors of the ECS. The study reported, “The results indicate that CBG is indeed effective as [a] regulator of endocannabinoid signaling.” 

A 2017 research study involving mice entitled “Beneficial Effect of the Non-psychotropic Plant Cannabinoid Cannabigerol on Experimental Inflammatory Bowel Disease” that was published in the journal Biochemical Pharmacology explored how CBG might help those suffering from inflammatory bowel disease (IBD). “We investigated the effect of CBG, a non-psychotropic cannabis-derived cannabinoid, in a murine model of colitis,” reported the study. 

Stated the researchers, “CBG attenuated murine colitis, reduced nitric oxide production in macrophages (effect being modulated by the CB2 receptor),” concluding that “CBG could be considered for clinical experimentation in IBD patients.” 

A 2016 research study entitled “Cannabigerol is a Novel, Well-tolerated Appetite Stimulant” that was published in the journal Psychopharmacology investigated the ability of CBG to stimulate appetite (hyperphagia) and was the first to prove that this molecule increases appetite. The study also identified the safety profile of CBG, reporting that it conveyed “no adverse effects on any parameter in the neuromotor tolerability test battery.

 


StaffStaffOctober 30, 2019
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6min00

Big Beer and crafty entrepreneurs work to expand their reach into the next functional fad: hemp-infused beverages.

As a non-psychoactive alternative to its federally illegal counterpart known as THC, CBD has been adopted by the wellness industry in the form of lotions, tinctures, and gummies. The rapidly increasing availability of CBD products paired with the growing health trend in the US has opened minds to hemp products – and space for their sale in the beverage industry.

Renown for its health benefits, CBD enthusiasts tout the substance’s ability to reduce anxiety, aid in sleep, and alleviate pain and inflammation.

Could it be that CBD spritzers and sodas replace alcoholic drinks as a functional favorite? Not so fast. But entrepreneurs and big beer companies alike are finding opportunities in the booming CBD market.

Marcus Charles, CEO, and owner of cleen:craft, a CBD beverage startup, sees a trend. “If you look at the number of drinks sold, the next generation of folks, they just don’t drink as much,” he told SIP Northwest.

In fact, The Wall Street Journal reports that U.S. consumption of alcohol dropped by 0.7 in 2017 and an additional 0.8 percent in 2018.

Add those stats to fact that industry analysts estimate that the CBD category will grow into a $1 billion market by 2020 – $600 million of which is thanks to CBD beverages – and it becomes clear why large and small companies alike are hopping in.

Big Beer Reaches for Canna-Beverages

While soft drink companies like Coca-Cola and Pepsi are hesitant to attach their names to adult-oriented beverages, big beer companies are eagerly making their move.

Last year, Anheuser-Busch, makers of Budweiser, Busch, and a host of other alcoholic products, announced they were teaming up with Canadian medical marijuana company Tilray to research hemp-infused products. Notably, the beverages would be non-alcoholic as the mixing of the two substances is currently prohibited by law.

Citing increased demand for nonalcoholic beverages, Coors jumped at the opportunity to fill the niche. A Coors subsidiary called Apothecary Dram stocked a nonalcoholic CBD infused soda on its shelf in Denver. Dubbed Colorado’s Best Drinks (CBD for short), the beer behemoth is offering CBD-infused root beer and cherry cola flavors to start. 

Conveniently located California brewery Lagunitas upped the ante by creating a CBD and THC beverage they dubbed Hi-Fi Hops, available in its home state and Colorado, 2 out of the 10 states where recreational marijuana is legal.

And Constellation Brands, owners of Corona and Svedka, struck a $4 billion deal with Canadian hemp company Canopy Growth, which has been granted a permit to grow and produce hemp products by New York state.

Challenges Bubbling Up

As an emerging industry, the hemp-infused beverage sector is not without its challenges.

Most notably, CBD is not water-soluble, oil and water don’t mix. This means that the creation of CBD-infused beverages that are truly effective requires an extra step. Companies need to use a binding agent so ingested CBD has the same effect when consumed sublingually.

The second challenge is navigating the hazy and constantly evolving legality of CBD-infused products. The Alcohol and Tobacco Tax and Trade Bureau has recently announced a process for getting hemp-infused drink products and labeling approved. If not followed, they may face a cease and desist, as Invasive Species Brewing did when launching its craft beer infused with cannabis terpenes oil.

Author:

“Tee Corley graduated with a degree in Humanities & Culture from Hampshire College in 2012. Since then, she’s written professionally for B2B marketing agencies, online publications, and contributed articles to best-selling books. She is curious, adventurous, and ambitious. With an apparent inability to accept how people “should” behave in society, she has thru-hiked two long-distance trails and continues to travel as much as possible.”


StaffStaffOctober 25, 2019
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12min00

The cannabis industry presents great opportunities for both recent graduates who want to start a promising career in a growing field (estimated to grow to at least 630,000 workers by 2025) and for the colleges that always seek to boost their admission numbers. After all, it’s hardly a coincidence that in 2014, the year recreational marijuana became legal in the state of Colorado, the enrollment at the University of Colorado grew by the third, while nationwide enrollment figures kept dropping.

Now, when cannabis is legal in eleven states and Washington, DC for recreational purposes and in thirty-three states for medicinal use, the University of Colorado isn’t the only one to enjoy the influx of students.

More and more colleges offer specialized majors, minors, and courses preparing their students for a career in the cannabis industry. You can take your pick because they range from botany to accountancy. Here are 10 best degrees that will help you into a career in an evergreen industry that admittedly experiences the shortage of qualified applicants.

Agricultural and Environmental Studies

Let’s get the most obvious one out of the way first. A specialized course in cannabis farming is to be launched in 2020 within the agricultural and environmental science framework at McGill University (Canada). If you choose this path, be prepared to study everything from weather conditions and soils to hemp sexing and pollination. 

However, any other solid agricultural degree has a curriculum that will give you knowledge and skills necessary to manage every stage and aspect of farming, including planting, irrigation, and equipment, varieties of indoor and outdoor growing technics to ensure better yields and potency, and such broad environmental aspects as the sustainability of growing cannabis. 

Cannabis Studies

Cannabis is complex and big enough to be a field of study in its own right. It mixes chemistry, biology, botany, horticulture, marketing, and finance in a curriculum that includes organic chemistry, biochemistry, soils, biology, gas and liquid chromatography, biostatistics, genetics, accounting, financial management and perspectives on society.

No wonder then, that Northern Michigan University has a specialized major that offers this holistic approach. Moreover, apart from classes, courses, and even majors, the entire trade-specific schools exist including Oaksterdam University, Cannabis College, and Humboldt Cannabis College (California).

Biology 

This is not exactly a specialized degree, but versatility is its strong point. With a focus on botany, genetics, environmental quality, and with some analytical chemistry thrown into the mix, biology is a major that will channel you in the right direction. 

You will also know enough about human anatomy and physiology to research the medicinal application of existing and new marijuana hybrids. 

Chemistry

This is a broad major but the chemistry that underlies the effects of cannabis on the human body and the effects of the environment on compounds found in cannabis is very complex indeed. You will need all this knowledge to build a successful career in the industry as a researcher in governmental think tanks or an analytical chemist in business corporations. From the chemistry of the human body to the chemistry of medicinal plants – every path is greenlighted. In addition, having knowledge of cannabis chemistry is a great chance to make some extra money for living while studying. If you write in the google search bar “type my essay on cannabis” you will see hundreds of websites that offer their services which means, this type of essay is demanded.

Northern Michigan University introduced a specialized major in Medicinal Plants Chemistry three years ago.

 

Physiology and Health Care

Unique medicinal properties of cannabinoids that help people to combat a wide array of health conditions and symptoms without as many side effects as in opioids, for example, were the major reason for legalization. However, research continues and the use of cannabis-based treatments is very likely to expand in the nearest future. Even now medicinal marijuana helps people with chronic pain, anxiety, and depression.

With a degree in Health Care, you will be able to choose the profession of practicing physician or a researcher and make cannabinoids-related medical research, therapy, and treatment your specialization.

Pharmacy and Pharmacology

If you cannot choose between Healthcare, Chemistry, and Biology, look closer at a degree in Pharmacy and Pharmacology. Now you don’t have to choose – everything goes in one package with a promise of a lucrative position after graduation.

Pharmacy is dedicated to producing, developing and realization of medicaments and this field is probably the most promising with lots of new possibilities in on a cannabis-based medicine market and lots of new formulas to come up with and test.

Political Science

A degree in Political Science will enable you to participate in the making of law and regulations – and in the case of newly legalized marijuana there is a lot to change, create, and balance. Cannabis will keep generating many hot-button topics and public issues for some years to come. 

Therefore, if you feel the desire to make regulations fair and consistent, here is your chance to take an active part in this process. Political Science degree will give you the knowledge necessary to act as a public policy researcher or to take a position in a public office. If you plan to be an activist, a lobbyist or a nonprofit organizer, you will also need this solid base to back up your agenda.

Law and criminal justice

Regulations considering cannabis is the area that is constantly shifting right now and are largely inconsistent from state to state. Still, this does prevent the University of Denver from having a Cannabis Law course in their Strum College of Law. The course is available since 2015 and offers lessons on the ethics of representing a marijuana client and precedents of the legal battles between states and the federal government over cannabis.

Harvard, Vanderbilt University, and Ohio State University also offer classes on marijuana policy and law. However, Law degree from any other college will be welcome, since $75 billion business industry will need many legal researchers, lawyers, and law enforcement personnel for developing consistent and fair policies.

Business Administration

A degree in business administration will come in handy if you wish to run a legal cannabis company. Although the industry is booming and offers many opportunities, businesses in this sector will face many challenges concerning taxation, logistics, state and federal regulations, etc., since many things will be unprecedented. 

Therefore, be prepared that even with a thorough knowledge of organizational management, business law, entrepreneurship, financial accounting, and everything there is to know to run a successful company, you will have to pave the way and innovate.

Marketing

This one is promising since recreational marijuana is a blue ocean market and ways to brand and sell it are understandably uncharted territory. You might think that marketing specialists will be superfluous, since weed sells itself, right? However, competition in this green market is already noticeable and will only continue to grow. 

Therefore, identifying key target demographics, coming up with new ways of positioning that do not involve well-thumbed hippie esthetics, inventing new products (Canni-bears? Hot Pot Chocolate? Weed Candles?) and creating positive brand associations will be a challenge even with all the knowledge that degree in marketing will give you – and boy, will you need it.

Author:

Sophia Gardner is an educator, freelance writer, and a vocational consultant, who encourages people to embrace changes and always see them as opportunities.

StaffStaffOctober 22, 2019
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9min00

Today the innovative startup MoonCloth Designs announced the launch of ‘MOMENT’, a Hemp Wellness Collection focused on bringing more eco-friendly hemp-based bath + body products to market. To understand the value and importance of this move, one must look no further than the numbers involved in the hospitality industry.

The total retail value of the global hotel industry was projected to cross $500 Billion in 2018. The Total revenue of the hotel industry in the USA alone was projected at $200 Billion for 2018. So, introducing hemp to this industry is not only a smart move for the bottomline, but it also provides a solution to an industry that is thirsty for more sustainable products.

 

“We are driven to bring hemp into the sustainability spot light as an eco material solution. We started off working with hotels and spas to provide more sustainable solutions to their environments. We are now launching our own hemp wellness collection which showcases are beautiful hemp robes and hemp seed oil body products, which is now available on our online store and select retail partners,” explained Founder & CEO Sarah Harf.

Working with boutique and luxury hotels and hospitality brands like Soho House, Design Hotels, and Sensei Resorts, MoonCloth Designs is redefining the meaning of the word “wellness” by crafting elegant and sustainable solutions to hospitality environments, including custom hemp textiles design services and hotel room/spa amenities.

“By designing sustainable solutions using hemp, we can find beautiful and luxurious alternatives to synthetic body products, plastics, textiles, and positively change the future of our environment,” says MoonCloth Designs CEO & Founder, Sarah Harf. “Hemp seed oil and hemp fabric are great eco materials that allow us to create natural experiences without sacrificing design aesthetic.”

The critical component to MOMENT is the robustly regenerative plant hemp. Hemp purifies the soil of toxins like nitrogen and selenium, restores nutrients into the ground, and can sequester 1.62 tons of carbon dioxide for every ton harvest. Fibers made from hemp are anti-microbial, hypoallergenic, and free of synthetic materials and microplastics. Hemp seed oil is rich in omega-3 and omega-6 fatty acids, which help reduce inflammation and cell growth. It is also naturally hydrating and regulating the skin’s oil production.

“Our hemp-based products have tons of natural benefits for our bodies and our environment,” adds MoonCloth Designs Co-Founder Kelsi Lavicka.

Rooted in the daily practice of self-care and a love of natural beauty, MOMENT invites people to weave grounding moments into their daily lives by taking home the spa experience and aims to show the world that sustainability and high-end luxury are not mutually exclusive.

The MOMENT wellness collection includes a multitude of luxurious hemp-inspired products, such as:

Moon Glow Oil – This potent and luxurious oil delivers long-lasting moisture for smooth and supple skin. Offering an abundant dose of antioxidants and high levels of omega’s; this synergistic blend of Hemp Seed Oil, Calendula and Rose is calming and regenerative, leaving you luminous.

Sacred Space Mist – A spritz for higher spirits, this transformative facial mist is equal parts skin tonic and mood regulator. Brimming with the potent yet calming benefits Hemp, Lavender, Patchouli and Clary Sage, this plant remedy will tone and brighten the skin and refresh your aura.

Tradition Hemp Silk Blend Kimono – Devoted to the long-time use of hemp and Japanese bathing culture, this hemp silk robe is luxury at its best. Uniquely blended with hemp and pure silk, free of harmful synthetic and polyester materials. Soft to the touch, this robe has a lightly weighted feel creating a beautiful shape as it falls against any body type. Other hemp robes in the MOMENT collection include natural hemp terry robe and a hemp fleece robe for men and women.

In the MOMENT Kit + Hemp Cosmetic Bag – A complete hemp wellness package. The In the Moment Kit – Hemp Cosmetic Bag contains: 1 Meditation Oil in 10ml, 1 Moon Glow Oil in 30ml, 1 Sacred Space Mist in 30ml, 1 Restful Warrior Hemp Silk Eye Mask. All you need to take a pause and begin again. This kit features each item from the MOMENT collection, offering you a fully holistic experience. Designed to feed your skin, soothe your senses and keep you grounded on the go. Perfect for travel and whenever you need to focus and reconnect.

With every MOMENT kit purchased, they are given 25% as a donation to ANIWA, a non profit event, produced by the BOA Foundation. ANIWA is focused on indigenous-lead projects including strategic land buy back, restoration of native ecosystems, reforestation, cultural exchange and sustainable living solutions. Hemp as regenerative plant that is a great solution for deforestation. Hemp produces more paper per acre than any other commercial forest .


StaffStaffOctober 16, 2019
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4min00

As the stigma against hemp products subsides, research around the medical benefits of CBD is on the rise. CBD is now proven to have anti-inflammatory effects, aid in pain management, reduce anxiety, and promote sleep. And CBD companies are noticing that these solutions are germane to the pain points of a very particular market: athletes.

After the 2018 Farm Bill legalized hemp, the CBD market boomed from nil to $0.6 billion. While the FDA is working out regulations on dietary and nutritional CBD supplements, the market is still forecasted to reach $22 billion by 2022.

Athletes are constantly managing pain, be it from injury or post-workout muscle recovery. Where NSAIDS like ibuprofen are now found to damage the heart and kidneys over time, and opioids are habit-forming and potentially life-threatening, CBD is shown to have minimal short term and long term side effects.

CBD company’s like Revivid SPORT and Orion Nutraceuticals are early entrants in the sports market. Offering CBD in topical creams, soft-gels, and sublingual oils, they advertise relief from pain, soreness, and inflammation. Sleep promotion, Orion Nutraceuticals points out, is also crucial for athletes during the healing process.

And the sports industry is starting to adapt, too. In May 2019, the first pro sponsorship of a CBD product took a lap around the Indy 500, despite the fact that CBD is still on the race’s banned substance list. Arrow Schmidt Peterson Motorsports sported the logo for DEFY, a CBD sports drink, on two of its cars.

Also this year, the Portland Pickles, a minor league baseball team, went to bat backed by CBD company Lazarus Naturals.

Professional athletes are also touting the benefits of CBD. Professional NHL hockey player Ryan VandenBussche admitted, “We were given opiates by team doctors. Looking back, I’m surprised I’m still alive.” He’s found a safe alternative in CBD and strives to spread the word.

 

This story was contributed by Tee Corley. Tee graduated with a degree in Humanities & Culture from Hampshire College in 2012. Since then, she’s written professionally for B2B marketing agencies, online publications, and contributed articles to best-selling books. She is curious, adventurous, and ambitious. With an apparent inability to accept how people “should” behave in society, she has thru-hiked two long-distance trails and continues to travel as much as possible.


StaffStaffOctober 10, 2019
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9min00

Original press release is here.

Integrated CBD, an institutional scale and quality supply chain leader for organic hemp-derived CBD, today announced the close of $50M in senior secured debt and a Series A equity round in a combination of debt and equity financing. The senior debt is led by an undisclosed New York based hedge fund managing approximately $7.4 billion in assets.

As one of the largest U.S. organic hemp operators with approximately 10,000 acres of certified organic land, Integrated CBD seeks to set the highest standards and practices for sustainable farming at scale in the fast-growing CBD marketplace. The new funds will be used to build out operations including completing construction of both a 154,000 square foot extraction facility and large-scale hemp drying facility; and to expand into the second planting of this year’s hemp crop (Arizona can produce 3 crops per year). Expanding the sales and marketing effort through new hires in product development and sales will also be key areas of growth.

Integrated CBD has gained significant momentum this year alone. In January the company raised $3.3M in a pre-seed round, followed in March by a $10M seed funding round. The company secured advisory board members in former CEO and Founder of Tourbillon Capital Partners Jason H. Karp and CEO and Co-founder of Flatiron Health Nat Turner. Integrated CBD is the largest hemp operation in the state of Arizona and made history this summer for planting the state’s first hemp seeds since prohibition. Most recently, the company was one of the first CBD supply chain leaders to provide seed-to-shelf production traceability using Verified Organic blockchain technology. Integrated CBD’s extraction plant will be commissioned in early Q1 and the dryer facility will be completed by the end of this month. Three thousand acres of hemp are being grown this year across two plantings and will be harvested by the end of this year.

“CBD could potentially be one of the most frequently used wellness products this year. Our mission is to be the trusted supplier of organically grown and sustainably sourced phytocannabinoids for the global market as more consumers incorporate wellness in their daily lives,” said Patrick Horsman, President & CEO of Integrated CBD. “Integrated CBD is helping to shape the future of wellness by driving verifiable and transparent industry standards for safety and sustainability. This funding will help us to rapidly build and complete operations and infrastructure to deliver on our mission.”

Since January, Integrated CBD has raised a total of $78M in debt and equity. Integrated CBD’s farmland and hemp crop have been certified as USDA organic by the California Certified Organic Farmers Foundation (CCOF).


StaffStaffOctober 2, 2019
2Rise-1280x720.jpg

3min00

California-based GABY Inc. (CSE: GABY)(OTCQB: GABLF) is going to acquire 2Rise Naturals LLC in an all-share transaction valued at $1 million. The proposed transaction will enhance GABY’s portfolio of CBD products and is a natural fit with GABY’s current portfolio of CBD products, LuLu’s Chocolate and the Sonoma Specific CBD skincare line. 2Rise has gained market popularity for its transparency in sourcing and only using top-quality certified organic ingredients. 2Rise’s promises customers 100% plants, no chemicals.

“2Rise is the perfect example of our acquisition framework. A reputable brand that has shown high customer loyalty with strong repeat customer purchases that we can rapidly grow by introducing to a wider customer base using our developed mainstream and regulated sales channels,” said Margot Micallef, founder and CEO of GABY “Kendra has done a tremendous job creating a product that resonates with customers by always delivering on the 2Rise promise of high-quality 100% organic plant-based products. We look forward to carrying on that promise and introducing it to a much wider group of customers.”

Highlights

  • 2Rise owns a portfolio of high-quality organic CBD products including, THC-Free CBD tincture, full-spectrum tincture with turmeric or vanilla, and high potency full spectrum capsules. 2Rise products are focused on the CBD supplement market and complement GABY’s existing CBD line Lulu’s Chocolates and Sonoma Specific skincare line.
  • 2Rise products are distributed in 100 stores nationwide, including high-end California health food chain Erewhon. GABY expects to be able to rapidly expand distribution through GABY’s existing mainstream distribution.
  • 50% of 2Rise sales are direct retail via their website and are heavily driven by repeat customers.

“We’ve been able to grow 2Rise organically, doubling sales each year for the last three years without any incremental growth capital. We decided to join GABY because of their access to a wide network of mainstream retailers eager to sell high-quality, all-natural CBD products and the wealth of experience they have working in the health and wellness space,” said Kendra Mark, founder of 2Rise. “It is time to take 2Rise to the next level, bring the product to thousands of new customers who are eager to take control of their health.”



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The Hemp Market Report will target news from the fast growing worlds of cannabidiol (CBD) and hemp. As a sister site to the Green Market Report, HMR will cover financial stories, but also take a look at lifestyle news as well. The Hemp Market Report will also publish sponsored content as we seek to expand our content offerings.


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