RE Botanicals Hemp Tincture tasted great and eased our chronic pain, with a mild, delicious hemp flavor. Even better, they support organic farming and regenerative agriculture.
We truly enjoyed trying RE Botanicals Hemp Tincture, a very high quality CBD oil.
The care that RE Botanicals puts into their products shines through from the start. Everything about their tincture exudes quality and elegance, from the twist off cap, the ease and responsiveness of the dropper to the clean looking package. We knew this hemp extract was going to be an experience!
Upon opening, we immediately noticed a fresh hemp scent that wasn’t overpowering, but strong enough that we just knew quality hemp was used. The extract itself was almost colorless with just an ever so slightly yellowish tint.
The taste didn’t disappoint either. The team ingested the CBD in three ways: sublingually, on the tongue, and in coffee. All three ways yielded the same results: a nice silky texture that didn’t leave an aftertaste like some extracts we’ve tried. Yet there was still a modest hemp taste that we all enjoyed. Even when we put RE Botanicals Hemp Tincture directly into coffee, the coffee taste wasn’t altered much, which can sometimes happen with CBD extracts. Our team also found this extract effective at reducing chronic pain and relaxing to consume, too.
RE Botanicals Hemp Tincture tastes great, and left our reviewers feeling relaxed.
Read on to learn more about RE Botanicals and see our complete product breakdown.
RE BOTANICALS REGENERATES THE EARTH WITH HEMP
RE Botanicals is proud of their sustainable growing methods and their products are certified organic.
John Roulac founded RE Botanicals after 20 years in the hemp industry. In 1999, long before creating RE Botanicals, he founded the superfood brand Nutiva. Roulac and RE Botanicals focus on organic and regenerative agriculture. Regenerative agriculture is a holistic land management practice that closes the carbon cycle, builds soil health, crop resilience and nutrient density. One percent of all RE Botanicals sales are donated to support regenerative agriculture and help farmers create healthier soil.
According to RE Botanicals, the extract process starts with organically grown hemp. This helps maintain healthy soil biology. Hemp is climate-friendly because it sequesters carbon in the soil. They use a proprietary alcohol extraction method that employs a full spectrum extract, never an isolate. RE Botanicals then blends the full-spectrum organic hemp with organic MCT coconut oil from young coconuts.
At first, we were somewhat confused by the labeling, until we realized that RE Botanicals Hemp Extract is labeled by the dose, rather than per bottle. This contrasts with many other CBD brands on the market. At 25mg of CBD per dropper, that makes 750mg of CBD per bottle, a fairly standard amount.
Other than this, RE Botanicals tincture is clearly labeled with a bottle that’s easy to read and lists all the ingredients. We also appreciate that they make their lab tests easily available on their website.
RE BOTANICALS HEMP TINCTURE OFFICIAL REVIEW
Highlights:RE BotanicalsHemp Tinctureis an effective, high-quality CBD oil with a silky texture and a clean hemp taste.
Strength: 25mg per dropper, 750mg per 30ml bottle, also available in 15mg and 50mg strengths
Price: $49.99 – $139.99
Customer Service & Shipping: Fast, friendly customer service. Free shipping available on orders over $50.
Why is CBD so darn expensive? The reasons range from expensive equipment for CBD extraction, to the high price of banking and insurance.
Why is CBD so darn expensive? We wanted to take a closer look at the high cost of CBD.
CBD is expensive! There’s no getting around the fact that when you buy CBD your pocket book’s going to take a bit of a hit.
On average, we see the price of CBD per milligram around $.15. If a standard 30-milliliter tincture contains 500 milligrams of CBD, you can expect to pay around $75.00, not including tax and possibly shipping for online shoppers.
That might be acceptable for some, but cash-strapped consumers may not have the disposable income to keep up with a consistent dosing regimen needed to manage their ailments. When this happens, patients may end up looking to inferior CBD products that can be incorrectly labeled, impure, or even unsafe rather than lab tested, high-quality CBD.
CBD oil helps so many people, but why is CBD expensive? We took a closer look at some of the costs that go into making the supplement.
If you’re curious as to why CBD is so costly, read on because we’re going to breakdown the costs associated with CBD products, and provide tips on stretching your CBD dollar as far as possible.
EXPENSES BEGIN BEFORE THE FIRST HEMP SEED IS PLANTED
As with any agricultural farming, the first set of costs are the land and farming and cultivation costs such as; seeds, labor, cultivation equipment, state, city, and county licenses, etc.
With regards to farming hemp (and marijuana) there are additional reporting and testing costs over other agriculture due to the nature of what’s being planted and each state has their own set of requirements and costs. These costs can be as low as $25 in Vermont and as high as $500-$1000 depending on whether the license is for a grower or hander, plus a $5.00 per acre fee. To get a better idea of costs, we recently published an article overviewing the hemp market for Nevada, Vermont, Oregon, and Wisconsin.
Some states also have specific licenses or certification programs for hemp seed distributors and producers. Click to read each state’s hemp statutes.
THE HIGH COST OF HARVESTING AND EXTRACTION
Once the hemp plants reach maturity it’s time to harvest them. According to coolbean.info, the cost to harvest an acre of hemp in Minnesota will run between $300 to $600 per acre. This is down substantially from 2017 when the cost averaged between $970 to $2,500 per acre.
Once the harvest is complete, the hemp plant stem needs to have the various components separated with a machine called a decorticator. This machine can run upwards of $2 million.
After decortication, the next step will be to extract the cannabinoids, terpenes, flavonoids, etc. from the plant. The two most popular methods of extractions are through a Supercritical CO2 extraction or an ethanol extraction with CO2 extraction becoming the standard.
According to Cannabis Business Executive, a CO2 extraction machine can cost around $135,000 to $150,000 plus $20,000 to $35,000 for a rotary evaporator and centrifuge.
Of course these machine costs are in addition to the buildings, infrastructure, labor, and the raw materials for those not growing their own.
FROM EXTRACTION TO PACKAGING
Once the cannabinoids, terpenes, and other plant materials are extracted from the cannabis or hemp plant, there are still a number of steps needed before the CBD reaches store shelves.
What is initially extracted is a cannabis concentrate that has contains acids that need to be decarboxylated. The cost for a decarboxylation oven cost around $5,000 to $7,000 for ovens that have a capacity of 10 cubic feet and can go up to 38 cubic feet.
After the concentrate is decarboxylated, what’s left is full spectrum cannabinoid oil. Full of all the cannabis plants cannabinoids, including CBD, terpenes, and the plants chlorophyll, lipids and waxes. When it comes to the “entourage effect,” this is the best option.
However, not everyone wants the plant materials and/or the THC. Many patients prefer oil with higher concentrations of cannabidiol (CBD) and not concerned with plant properties or THC. To remove the plant properties, the CBD concentrate will first be winterized to isolate and remove the unwanted compounds, followed by distillation to further ‘clean’ the oil. If THC is being removed, the distilled concentrate will then go through a chromatography machine. Cost for the equipment to perform these functions can grow to the hundreds of thousands plus the labor to run them.
THIRD-PARTY LAB TESTING IS VITAL, BUT ADDS TO THE COST OF CBD
Once complete, the finished product now needs to be tested to prove product purity and concentration. There are a variety of tests available. Following are a list of services by a well known testing facility in Arizona.
10 cannabinoids ($50/bottle)
Mold and fungus screening ($25/bottle)
19 Residual Solvents ($35/bottle)
41 Terpenes ($40/bottle)
Moisture Content ($15/bottle)
4 Microbial Analyses ($40/each count)
After testing, the CBD concentrates are bottled, packaged and prepared for delivery to their distributors to sell.
LEGAL EXPENSES, BANKING, & OTHER FACTORS INCREASE COST OF CBD
Obviously the largest costs come from the manufacturing side, but we can’t forget about the product distributors who have their own set of operating costs. Operating costs themselves are just a part of doing business. But operating costs for cannabis companies can be twice, even three times as much. In addition, due to the ‘gray’ area of cannabis and hemp laws, CBD companies must take extra precautions to insure they are protected. This, of course, adds to the cost of CBD.
Other factors that increase the cost of CBD include retaining a lawyer, hiring an in-house compliance officer, and the complicated nature of banking and insurance in the hemp and cannabis industries.
Let’s take a look at the bare minimum of operating costs a CBD company is going to incur.
A general liability business insurance policy for cannabis companies can easily amount to $500 to $700 per month! This same insurance policy for a non-cannabis company would only be about $700 for a year!
Credit Card Processing
Credit card and banking options are very limited for cannabis companies. In order to accept credit cards for hemp purchases distributors need to sign up with merchants specializing in ‘high risk’ processing. Costs with these processors can be exorbitant. In some cases they can run hundreds of dollars per month.
If a high-risk domestic merchant cannot help, distributors are then forced to look off shore for credit card processing. These don’t come cheap. Off shore processors will normally require a business to incorporate in the country that processes the cards. Incorporating in the UK costs roughly $500 plus monthly fees that can also run in the hundreds per month. These are in addition to the higher-than-normal monthly processing fees for the service.
Bank accounts and business loans are not available to cannabis companies, which means they need to find unique, and sometimes costly, places to store their cash and have access to it for payroll and other business related expenses. Again, this often results in the opening of costly offshore accounts.
In-House Compliance Officers
Since the state level requirements for CBD derived from hemp and marijuana differ, CBD companies usually have someone in-house make sure the company is adhering to each state’s regulations. They also make sure all the products meet the specific states allowed THC percentage. In most cases, this is 0.3 percent THC or less. They also monitor the percentage of CBD contained in the products are inline with the product labels.
An article from ProjectCBD.org states that according to the FDA, 69 percent of CBD products are mislabeled. In-house compliance officers work to insure this doesn’t happen.
A company selling CBD better have an attorney. If not, they’re taking big risks. Attorneys will help insure companies are acting in compliance and keeping up with the ever-changing state laws on cannabis.
Countless stories have come to surface about CBD companies getting hassled by police, and in come cases even getting arrested! A good attorney can help insure business owners’ rights are not being violated and assist in navigating the gray areas of cannabis law. Attorneys will also help set up a legal corporation and the operating agreement of said corporation.
CBD AS A STATUS SYMBOL
Perception impacts price. Premium pricing techniques are often used when trying to reflect the exclusivity of a product. CBD is mix of both.
While numerous factors make CBD expensive, there are a number of special discounts and CBD assistance programs available to people with low incomes, the disabled, and military veterans among others.
Let’s face it; there is a certain level of mystique and sexiness associated with CBD. The thought of consuming a product that borders on breaking the law presents a sense of danger and excitement. These factors absolutely have an affect on the price of a product, especially for a new product that can also heal! Companies know this and definitely price accordingly.
The good news is in time, when the ‘newness’ wears off and more companies come to market, prices should go down.
SAVING MONEY ON THE COST OF CBD
Regardless of where CBD prices are currently at, there are things consumers can do to stretch their dollar and reduce the cost of CBD.
The first thing a user can do is to try and cut back on their CBD daily doses. When it comes to CBD more is not better, less is best. The easiest way to cut back is to consume slightly less with each dose. For example, if you normally take 15mg of CBD twice per day, try decreasing each dose to 11 or 12 milligrams each time. This simple move will save roughly 5 milligrams of CBD each day. Our bet is your body will not even miss those 5mg. In case it does, you can always increase the dosage back to 15 mg.
Switch to a lower grade CBD. Experienced CBD users know the term full spectrum all too well. Full spectrum CBD oil is the preferred choice for many, but doesn’t mean it’s the only choice. CBD isolate is definitely a lower grade product, but it does work quite well. In fact, many of the ‘full spectrum’ products actually contain only a small amount of true full spectrum oil and are mixed with an isolate.
Lastly, there are a number of CBD companies that offer discounts to active military and veterans, the disabled and those with low income. We plan to collect some of the best assistance programs into an upcoming article. In the meantime, we recommend searching Google for “CBD assistance program” or check with your preferred CBD brand.
WHY IS CBD EXPENSIVE? SOME FINAL THOUGHTS
Most of you reading this know that both CBD and industrial hemp were officially legalized this past December under the 2018 Farm Bill.
With this legalization, we’re expecting sweeping reform to take place throughout the hemp industry. It’s safe to say that many companies are eagerly waiting to get in the CBD business. The floodgates will open. From banking and insurance companies to new hemp manufacturers, distributors and retailers, costs across the board should decrease.
Immense pressure is being put on the powers that be to provide federal regulations on CBD products that create quality standards industry-wide. That could get things moving towards lowering costs, too.
Terpenes give hemp and cannabis, along with many other plants from citrus fruits to lavender, their unique scents. They offer unique benefits too, especially paired with cannabinoids like CBD and THC.
Terpenes are natural compounds found in all forms of hemp and cannabis that give the plant its bouquet of smells.
In addition, terpenes work in concert with the better known compounds found in the plant such as the cannabinoids THC and CBD to provide their own unique health benefits.
One reason we enjoy writing about hemp is the opportunity to learn new cannabinoid science and then get to share it with our readers. We’ve said it before, but it bears repeating, there really is so much more to the cannabis plant than just CBD and THC.
Of course, both of these two cannabinoids, along with the other hundred or so cannabinoids, are instrumental in the healing and feel better properties of the cannabis plant. But increasingly researchers believe other parts of the hemp plant work synergistically with the cannabinoids to maximize the healing properties, Today’s article focuses on one of those parts: terpenes. While all forms of hemp contain terpenes, some are especially prevalent in psychoactive cannabis (“marijuana”), which we’ve noted below.
WHAT ARE TERPENES?
Cannabis isn’t the only plant that produces terpenes. According to Wikipedia, terpenes “are a large and diverse class of organic compounds, produced by a variety of plants, particularly conifers.” Terpenes give these plants their unique scents and assist plants in a variety of ways.
Terpenes attract pollenating insects for plant reproduction. They also ward off or even kill predators. They slow plant maturation and regulate metabolism. Terpenes are a major component of plants’ essential oils. Aromatherapy treatments frequently use terpenes due to their medicinal properties. Some terpenes develop because of stress to a plant, like excessive heat.
The exact number of terpenes found in the cannabis plant ranges between 100-200 depending on different variations in scientific classification.
Limonene is a terpene that creates the unique smell of citrus fruits.
For example, the popular terpene limonene gives citrus fruits their unique smells. It is found in both lemons and oranges, but in different concentrations thus creating a different scent, or variations.
Here we discuss nine primary terpenes found in hemp and share the healing properties of each.
DIFFERENT TERPENES EXPLAINED
Below, we look at 9 of the most prominent terpenes: mycerne, limonene, carophyllene, pinene (Alpha/Beta), terpineol, borneol, linalool, eucalyptol, and nerolidol.
Mycerne is the most common terpene found in hemp. In some strains, over 60% of the essential oil is made up of mycerne. It smells very similar to cloves. Scientists consider myrcene a potent analgesic, anti-inflammatory, and antibiotic.
Mycerne blocks cytochrome, aflatoxin B, and other pro-mutagenic carcinogens. It has a relaxing, calming, anti-spasmodic, and sedative effect. Myrcene works synergistically with THC and may also increase the psychoactive potential.
The essential oil of citrus fruits contains high levels of myrcene. Many claim that eating a mango 45 minutes before consuming psychoactive cannabis results in a faster onset and greater intensity.
Limonene is often the second, third or fourth terpene found in cannabis resin and produces the smell we find in citrus fruits. Like mycerne, limonene contains anti-fungal, anti-bacterial, and anti-carcinogenic properties. It is also said to protect against Aspergillus and other carcinogens found in smoke.
Even more, a cancer study from 2013 revealed that terpene reduces tumors in women with early-stage breast cancer. Limonene quickly and easily penetrates the blood barrier, which increases systolic pressure. What’s more, some experts say limonene increases attention, mental focus, well-being, and sex drive.
Citrus fruit rinds, rosemary, juniper, peppermint, and several pine needle oils all contain limonene.
Many herbs and spices contain caryophyllene. Black pepper contains high amounts, giving it that spicy flavor.
As with the previous two terpenes, caryophyllene has anti-inflammatory, analgesic, and anti-fungal properties. It has affinity for our bodies’ CB2 receptors making it a common ingredient for anti-inflammatory topicals and creams. Topical application of caryophyllene also relieves toothaches.
The terpene Caryophyllene gives black pepper its spicy scent. It also has anti-fungal and anti-inflammatory properties.
One interesting note about this terpene is its promising role in alcohol rehabilitation. In a study on mice, scientists found that caryophyllene reduces the voluntary intake of alcohol.
In addition to black pepper, Thai basils, cloves, and cinnamon leaves have caryophyllene. Lavender also produces caryophyllene in small quantities.
Pinene, as the name implies, creates the smell associated with pine and fir trees. Doctors use pinene in medicines as an expectorant, bronchodilator, anti-inflammatory and local antiseptic. Pinene also improves concentration, personal satisfaction, and energy. Patients suffering from arthritis, Crohn’s Disease, and cancer may benefit from pinene.
A unique fact about pinene: Smoking cannabis with high levels of Pinene may give the sensation of sucking more air, which can lead to coughing or hyperventilation.
Many conifers and non-coniferous plants, balsamic resin, pinewoods, and some citrus fruits produce pinene.
Terpineol smells of lilacs, crabapple, blossoms, and lime blossoms. Plants with high-levels of pinene often also produce terpineol. If you’ve ever enjoyed Lapsang souchong tea, part of the flavor came from the terpineol in the pine smoke used during processing.
Terpineol creates a sedative effect often connected to indica strains of psychoactive cannabis. During tests on mice, terpineol reduced mobility by 45 percent. Experts also believe terpineol has antibiotic and antioxidant properties.
Commercial producers of terpineol often derive this terpene from Monterey cypress trees.
Borneol smells like mint and camphor. Chinese herbalists use borneol in medicines against fatigue, stress, lingering illness.
Some researchers believe this terpene’s natural insect repellent properties and could be used against diseases caused by ticks, fleas, and mosquitoes such as West Nile Virus. One study published even show that borneol kills breast cancer cells.
Linalool has a floral smell similar to lavender and spring flowers. It is currently being used in the treatment of various cancers.
Linalool has a calming action, antianxiety, and produces sedative effects. Linalool is responsible for the sedative effects of certain psychoactive cannabis strains. In tests on mice their activity decreased by 75%. It also has analgesic and anti-epileptic properties.
Often found in hemp and cannabis, the mint family of plants also produces the terpene linalool.
Patients suffering from arthritis, depression, seizures, insomnia and cancer have all found relief with this terpene.
The Lamiaceae plant and herb family, which includes mints, laurels, cinnamon, rosewood, and Birch trees, all produce linalool. Linalool is a precursor in the formation of Vitamin E.
Eucalyptol is the main ingredient in eucalyptus essential oil. It has a minty smell and found in small amounts in psychoactive cannabis.
Eucalyptol relieves pain, improves concentration, and inner balance. Plants containing eucalyptol enhance meditation and concentration. It is showing promise as a treatment for Alzheimer’s, but it’s still in early stages of research.
The Eucalyptus plant, bay leaves, sage, sweet basil, and cardamom contain notable quantities of eucalyptol.
Nerolidol has a unique woody and fresh bark aroma. Nerolidol contains anti-fungal, anti-cancer, and anti-malarial properties. It may prevent certain kinds of parasites.
Neroli, ginger, jasmine, lavender, and tea tree oil contain nerolidol.
UNDERSTANDING AND USING TERPENES
Again, these are just some of the most common terpenes found in hemp and cannabis. There are many more. These profiles were summarized from Alchimia and Greencamp, where you you can read more on terpenes.
After reading this article, we hope you understand how the benefits of terpenes and pair so perfectly with the benefits of CBD, and all the other cannabinoids. We hope you start incorporating them into your daily CBD regimen.
If you can’t find the terpenes you want in your hemp supplements, you may be able to supplement by adding other natural plants like lavender, which is high in nerolidol.
More and more CBD supplement companies recognize the importance of terpenes and now add different terpenes to their products to supplement those already found in hemp. Some brands even sell terpene concentrates for customers to incorporate on their own.
However, if you’re unable to find the terpenes you want through your local CBD store or online, try looking to a non-cannabis plant type or spice and simply combine with your CBD. You might not achieve the same synergistic effect as when the terpenes are naturally present, but you should still receive the healing properties of the terpenes themselves and the healing properties of the CBD.
Select CBD drops stand out for their purity, potency and flavor. The unflavored drops were absolutely flavorless, and we loved the light refreshing flavor of their lemon ginger drops, and CBD vapes too.
A couple things immediately stood out about Select CBD Drops.
What impressed this reviewer most was Select CBD’s transparency. Some companies make it a challenge for consumers to understand what kind of CBD is being used, how much is in the bottle, and what other ingredients are present. Everything is crystal clear about Select CBD Drops, which were made from high-quality CBD isolate.
The packaging itself really popped. Not only did the teal color draw us in, Select CBD posts the lab details and activation times for the CBD to start working its magic. In a poorly regulated industry, this kind of transparency and care really stands out to us.
For this review, we tried the unflavored Select CBD Drops and that’s exactly what we got. This tincture is a pure, clean oil that has absolutely no taste. While our reviewer focused on these unflavored Select CBD Drops, the Ministry of Hemp team also sampled their lemon ginger drops and CBD vapes. The lemon ginger flavor is light and refreshing, while the Select CBD Relax Lavender Vape Pen tasted extraordinarily good to puff on.
Select CBD’s unflavored drops are absolutely flavorless, making them a great choice for adding to food or for anyone who doesn’t like the taste of hemp.
Read on for more information about Select CBD Drops and to see our full review.
SELECT CBD MAKES PURITY, POTENCY AND EXCEPTIONAL FLAVOR A PRIORITY
Recognized by Oregon Business Magazine as a 2018 Top 100 Companies to Work For in Oregon, Select CBD is becoming a force to be reckoned with in the CBD world. Select CBD offers unique, great-tasting products while focusing on extremely high standards of purity and potency. All their products undergo stringent lab testing.
In an effort to get another unbiased opinion on the product, our reviewer shared Select CBD Drops with a friend suffering from long-term ankle pain. He reported significant pain relief after taking half a dropper. He told us the CBD started working after about twenty minutes and relief lasted for a few hours. Our only issue with these drops was the dropper. While the dosing measurements are clearly marked, no matter how many times we tried, we couldn’t get the dropper to fill to 100%. The most we were able to get was 50% (between .5-.6ml).
Special: Use coupon code MH25 for 25% off your order!
Customer Service & Shipping: Fast customer service. Free shipping on orders over $99
Independent Test Results: Available on request.
Flavor: The unflavored Select CBD drops were absolutely flavorless, making them a great choice for adding to food and drink or for anyone who doesn’t like the taste of hemp.
Ingredients: CBD isolate in Fractionated Coconut oil.
Other: Select CBD drops are also available in lavender, peppermint, and lemon ginger flavors. They offer a 20% Veteran’s discount on all products.
Select CBD products are made from high quality Oregon hemp. In addition to Select CBD Drops, they also offer CBD vape pens and pet CBD drops. Some research suggests CBD isolates may have different effects than full spectrum extracts.
DISCOVER THE TOP CBD BRANDS
The market is getting saturated with many different CBD brands. We’ve compared the top brands to help you with your decision. Check it out.
After years of stigma around cannabis, suddenly people are talking openly about investing in hemp stocks. We offer some tips for getting started in this volatile, exciting market.
After years of stigma around cannabis, suddenly people are talking openly about investing in hemp stocks.
A couple weeks back, we overheard a local UPS driver shared how his wife just got her medical marijuana card and that he’s been putting money into cannabis stocks and was making a killing. After hearing about the driver’s huge success, two thoughts came to mind. The first was how cool it was talking so casually about cannabis and marijuana stocks, second was how do we get in on this?
Almost immediately, the writer perused some popular marijuana stocks and learned that many investors were in fact making money hand over fist buying marijuana stocks, but not everyone was. The cannabis market as a whole is extremely volatile, which means it’s very easy to quickly make and lose money.
However, this doesn’t mean one should shy away from these stocks. Ask a stock broker and they will most likely tell you that a diverse portfolio of mixed stocks performs best on average. Meaning, it’s about risk tolerance and balance and volatile cannabis stocks should be a small part of a stock portfolio, not the other way around.
In this article, we lay out some basics of investing in hemp stocks. Be careful: We’re not investment experts, and can only get you started doing your own research!
In this article we’re going to share some “hot stocks” in the marketplace, including details on our UPS driver’s stock and share some important market information, as well as things to look out for should one decide to invest. Remember, all investments carry risk and investors need to weigh any and all risks before investing in the stock market.
INVESTING IN HEMP STOCKS: UNDERSTANDING CANNABIS MARKETS
To start, it’s important to first take a look at the entire cannabis market as a whole. This can help answer some very basic questions for investors. For example, is the industry moving in the right direction? Are certain industry sectors doing better than others? Is one more risky than another? Of course, these are just a few questions one should be asking, there are many more.
Let’s take a look at the cannabis market information as reported by Grandview Research.In 2016 the U.S. Legal marijuana market size was estimated at 7.06 billion and expected to grow at CAGR of 24.9 percent from 2017 to 2025. Globally the industry is expected to reach $32 billion.
Of the two marijuana segments, medical marijuana was the largest segment and estimated to be valued at USD 100.03 billion by 2025.
When it came to products, the marijuana buds segment was estimated to be the dominant type and is estimated to be valued at USD $82.9 billion by 2025.
Cannabis Industry Sectors
Marijuana sector breakdowns were not easy to come by and choices were few. Of all the ones perused, Bloomberg’s chart was the most detailed. Even though these numbers are a few years old and market share has probably shifted some, most likely it hasn’t changed enough to significantly change the order.
Pharma/Research USD $1.5b
Producer USD $645m
Consumer USD $302m
Real Estate USD $216m
Consulting USD $170m
Tech USD $162m
Industrials USD $54m
LOOKING AT CANNABIS STOCK INDICES
We’ve all heard of the Dow Jones and the S&P 500 stock indices. These major stock indices consist of groups of stocks whose combined daily performance is an indicator of how a market is doing without having to track individual stocks. According to Investopedia,“investors and other market participants use indexes to track the performance of the stock market.”
Cannabis stocks have their own stock indexes and there are plenty to choose from. Each index will have their own set of guidelines outlining the requirements a company must meet in order to be listed on that particular index. Below are three major cannabis indices.
Global Cannabis Stock Index (GCSI)
GCSI has been in existence since 2013 and they represent the overall publicly traded market for the medical and legal marijuana sector. There are currently 61 cannabis related companies listed on the index and is rebalanced every quarter. The last rebalance took place in September and each stock was required to have an average daily trading value in excess of $600,000 and a minimum price of at least $0.25 (10-day average). Lastly, Canadian and Australian companies must have a U.S. listing in order to be included in the index.
North American Marijuana Index (NAMI)
The NAMI tracks leading stocks in the legal cannabis industry in the United States and Canada. The North American Marijuana Index is broken down by 2 sub-indices: The U.S. Marijuana Index and the Canadian Marijuana Index. Where a company is primarily operating determines which sub-index they’ll be listed.
The NAMI began on January 2, 2015 with an inception of 100 points. Both indices are rebalanced quarterly on the last day of March, June, September, and December of each year.
To be included, companies must meet minimum trading requirements. They must have a market capitalization of $80 million, daily trading volume of $2million and a share price of at least $1.00. Companies with $5 million of revenues over the prior years are exempt from the above trading requirements.
The Green Market Report Index
This is the newest of the cannabis indices. The Green Market Report Index officially launched January 31, 2018. This index consists of 30 stocks selected based on market capitalization, revenue production, plus high standards of company operations. They focus solely on pure cannabis companies with a rebalance review each quarter.
HOW TO INVEST IN HEMP
Now before you go calling your local stockbroker, it’s important to remember that while some investors make money buying cannabis stocks, many others do not. As with any investing, it’s important that you do your own research. The Motley Fool recently published an article on investing in marijuana stocks. Below is a synapsis of some key points.
Understand The Different Markets
There are basically two markets when it comes to cannabis: medical and recreational marijuana. Medical marijuana is legal in 30 U.S. states and recreational legal in nine states. One of the most commonly used medical marijuana products is cannabidiol (CBD).
Know the marketplace you want to invest in
When it comes to cannabis, there are three type of cannabis stocks
Marijuana growers — These companies cultivate, harvest and distribute to the end customer.
Cannabis biotech’s — These companies focus on developing cannabinoid drugs.
Providers or ancillary products and services — These companies provide products and services to growers, such as; lighting, hydroponic systems, etc.
Understand the risks and what you’re willing to lose
For cannabis stocks, the biggest risk is the legal and political issue facing the industry. While some states have approved either both recreational and medical marijuana, or simply for medical use, but regardless cannabis is still federally illegal.
Imbalances can happen for a variety of reasons. With regards to the marijuana industry, many cannabis stock prices are valued higher than they’re worth. For example, a stock price might be overinflated because of potential future growth that analyst’s price into the present day stock price.
This can pose huge risks to the marketplace later on once the huge growth is achieved. It’s very likely the growth targets will cause a supply gut.
HOT STOCK PICKS: CANNABIS STOCKS
To give you an idea of how hot the cannabis market is, just take a look at the United States Marijuana Index.
According to Investopedia, “As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49 percent, as compared to about 12 percent gain seen by the S&P 500. Given that is not exactly an apples to apples comparison, but it does make a case to at least investigate investments in marijuana stocks.”
Tilray is listed on NASDAQ. This stock is interesting because the stock was only issued to the public this past July and has already jumped over 600 percent from it’s first day IPO price. This was the first marijuana stock to go public with only 9 million shares being offered.
Many believe that Tilray could see a steep decline in the future, but for now, it’s being used to speculate the future of legalized marijuana in Canada.
Average Trade Volume: 8,175,928
Market Cap: 9.406B
Price/Earnings Ratio (TTM): N/A
Earning Per Share (TTM): -.030
Canopy Growth (CGC)
Canopy Growth is listed on the NYSE. So far in 2018 this stock has climbed 100 percent. This cannabis producer has received multiple rounds of investments from beverage specialist Constellation Brands (NYSE:STZ). Many are speculating Constellation Brands will eventually buy them outright and add cannabis to its lines of brands like Corona and Svedka.
Average Trade Volume: 1,984,482
Market Cap: $5.98B
P/E ratio (TTM): N/A
EPS (TTM): $.0950
Aurora Cannabis (ACBFF)
Aurora Cannabis, Inc. is listed on the OTC market. ACBFF is another big Canadian pot company. Last March, Aurora Cannabis acquired rival MedReleaf in a .25 billion all stock deal. According to the original press release, combined, these two companies expect to produce over 570kg per year of cannabis.
Average Trade Volume: 1,857,787
Market Cap: $4.101B
P/E Ratio (TTM): N/A
EPS (TTM): -$.03
GW Pharmaceuticals (GWPH)***
GW Pharmaceuticals is listed on the NASDAQ as an American Depository Receipt (ADR). This UK Company had a huge win this past June when the FDA approved the first drug of its kind derived from pure hemp plant CBD called Epidiolex. This drug is approved for CBD treatment of epileptic seizures associated with Lennox-Gastaut syndrome and Dravet syndrome.
While these two stocks haven’t experienced huge jumps like Tilray and Canopy Growth, both of these hemp companies are poised for breakouts. Also, both have stock prices near $1 per share, which may be a good opportunity for newbie investors to start with.
Global Hemp Group, Inc (OTCMKTS:GBHPF)
Global Hemp Group is listed on the over-the-counter market. GBHPF is a Canada-based company with operations in Montreal, Canada and Los Angeles, California. Currently Global Hemp Group is completing it’s hemp cultivation projects in New Brunswick, Canada, Oregon and the United States.
Global Hemp plans to develop value-added industrial hemp-based CBD products next.
Average Trade Volume: 192.17k
Market Cap: NA
P/E ratio: NA
Hempco Food and Fiber (OTCMKTS:HEMP)
Hemp, Inc is listed on the over-the-counter market. Hempco Food and Fiver is a producer and distributor of hemp-based products. They have a 56,000 sq. ft processing facility in Alberta, Canada, where they produce hemp-based foods. With the legalization of cannabis, Hempco plans to utilize the hemp stalk as a fiber source for industrial building and textile uses.
In 2019, Hempco expects hemp production capacity of 240,000 lbs/month.
Average Trade Volume: 32.13M
Market Cap: 6.68M
P/E Ratio: NA
EPS: $ -0.02
Stock information provided by 420intel.com.
While investing in hemp stocks is appealing for many reasons, it can be hard to get started. We’ve offered some hot cannabis stocks and resource for continued learning.
WHERE TO LEARN MORE ABOUT INVESTING IN HEMP
Hopefully this article has whet your appetite to the huge potential hemp and cannabis stocks have right now and in the foreseeable future. As already stated, it’s very important that investors do their homework and due diligence before taking on any investment. To help get you started, below are some educational resources that offer valuable content.
IN CONCLUSION: HEMP STOCKS REPRESENT AN EXCITING, VOLATILE INDUSTRY
As the cannabis industry continues to evolve there will bound to be more volatility in the marketplace just like we see today, as well as new hot-stocks to buy. We’ve included links throughout this article to help you learn more. It’s the perfect time to learn about this exciting industry. And who knows, you might end up sharing the killing you made trading cannabis stocks just like our UPS driver!
Disclosure: Rob Railis owns stock positions in various industries. He does not own any positions in the stocks outlined in this article. Our Editor in Chief Kit O’Connell owns two shares of CGC, one of the stocks mentioned in this article, in addition to stock positions in various industries including a small number of shares of other cannabis stocks.
NutraCanna Dissolvable CBD Tablets pack a strong spearmint flavor that reminded us of Altoids. The tablet begins dissolving immediately after you put it in your mouth with a pleasant candy texture.
NutraCanna Dissolvable CBD Tablets pack a strong spearmint flavor that reminded us of Altoids.
This was the first time our reviewer had the chance to try a fast dissolving tablet and the opportunity didn’t disappoint! To start, NutraCanna uses high quality packaging that’s clearly labeled and easy to open.
Although the instructions state to put the tablet under the tongue for better absorption through the sublingual glands, our reviewer also put it on top of the tongue to get a better feel for the texture and taste. The tablet begins dissolving immediately after you put it in your mouth. The texture and feel reminded our reviewer of sweet tart candy, without the tart flavor. The spearmint flavor was strong but not overpowering and left a clean minty feel on the palette, combined with a slight medicinal aftertaste.
We were excited to try NutraCanna Dissolvable CBD tablets and the results were rewarding.
NutraCanna paid us a fee and offered us free products in return for our honest opinion. If you purchase a product from one of these links, we’ll receive a percentage of sales. We only select the highest-quality CBD products for review on our site. Read more about sponsored content on Ministry of Hemp.
KENTUCKY FAMILY FARMERS GROW NUTRACANNA HEMP WITH PRIDE
NutraCanna is a Florida-based company that is proud to work with family hemp farmers in Kentucky. These hemp farmers have been producing and cultivating hemp for generations and are pioneers in the industry. Nutracanna operates under the guidance of the Kentucky Department of Agriculture in accordance with the 2014 Farm Bill. Moreover, they collaborate closely with scientists and experts on everything from cutting-edge genetics and breeding to harvesting and quality control programs in the U.S.
Their products are 99 percent naturally derived. NutraCanna Dissolvable CBD tablets are gluten free. They’re also free of GMO’s, parabens, phthalates, formaldehyde and artificial coloring. They use third party testing to ensure the purity and quality of their products.
Each tablet contains 10mg of CBD with a total of 30 tablets for 300mg per bottle. We always recommend starting with a lower dose when starting out with CBD, but experienced CBD users might want to take more than one tablet, or supplement their daily regiment with NutraCanna 1000mg CBD tincture. For potent night time relief, NutraCanna also offers a nighttime fast dissolving CBD tablet with 25mg of CBD per tablet plus melatonin in a delicious orange flavor. In any case, the price point per milligrams of CBD is competitive, so customers are getting what they pay for.
NUTRACANNA DISSOLVABLE CBD TABLETS OFFICIAL REVIEW
Highlights:NutraCannaDissolvable CBD Tabletshave a great spearmint flavor and dissolve quickly under the tongue so they can go work right away!
Strength: 10mg per tablet, 30 tablets per 300mg bottle
Special: Use coupon code Ministry15 for 15% off your order
Customer Service & Shipping: Fast, easy to reach customer service. NutraCanna offers free shipping on orders over $75.00. They offer a 30-day money back guarantee for unsatisfied customers.
Other: NutraCanna also makes dissolvable tablets for nighttime, with added meltanonin, in 10mg and 25mg strength.
NutraCanna’s products are made from non-GMO hemp grown on Kentucky family farms under closely monitored conditions. In addition to fast dissolving tablets, NutraCanna also offers topical CBD pain cream, CBD oil tinctures and CBD isolate. Some research suggests isolates may be less effective than full spectrum extracts.
DISCOVER THE TOP CBD BRANDS
The market is getting saturated with many different CBD brands. We’ve compared the top brands to help you with your decision. Check it out.
In this article, we continue our look at other cannabinoids found in hemp and cannabis. This time we examine four more cannabinoids — CBC-a, CBDV, CBG-a, and CBCV — and how they can benefit humanity.
In this article, we continue our look at other cannabinoids found in hemp and cannabis.
In July, we published our first look at different naturally occurring cannabinoids that are less well known than THC and CBD. There, we discussed the benefits of CBG (Cannabigerol), CBC (Cannabichromene), THCV (Tetrahydrocannabivarin), and CBN (Cannabinol). The article sparked some good discussion on social media and we’re hoping for the same with this one as we follow up with four more cannabinoids of note.
Preliminary research into the various other cannabinoids found in hemp and cannabis reveals that there’s more to healing than just THC & CBD.
This time, we’re going to discuss CBC-a (Cannabichromenic Acid), CBDV (Cannabidvarin), CBG-a (Cannabigerolic Acid), and CBCV (Cannabichromevarin). While these cannabinoids do show promise, they seem to be a lower priority for researchers. But hopefully, as researchers and scientists continue studying other cannabinoids, more information will become available on these lower tiered compounds.
CANNABICHROMENIC ACID (CBC-A)
The first cannabinoid we’re going to discuss is CBC-a (Cannabichromenic Acid).
CBC-a is the precursor to one of the most highly sought after cannabinoids, CBC (Cannabichromene). Like four other cannabinoids, CBC-A appears in the cannabis plant through decarbing. CBCA is non-psychoactive like CBD and has strong antimicrobial and analgesic (pain-relieving) properties. According to Maximum Yield, the most abundant levels of CBC-a are found in tropical strains of psychoactive cannabis (“marijuana”) with much lower levels found in other types of cannabis. According to current research, plants begin secreting cannabichromenic acid in the early seedling stage, before they create THC (Tetrahydrocannabinol). CBC-a can be converted to CBC through an aging and heating off the acid thru decarboxylation.
Antimicrobial and analgesic properties
Anti-viral and anti-inflammatory
Next up is CBDV (Cannabidvarin).
Like CBCA and most other cannabinoids we’ve discussed, CBDV is a non-psychoactive cannabinoid that has a similar makeup to CBD. Cannabis or hemp strains with higher levels of CBD tend to have higher levels of CBDV as well. Currently there hasn’t been much research on CBDV. Preliminary research shows that CBDV reduces nausea and seizures.
Hemp and cannabis contain numerous other cannabinoids beyond THC & CBD. These include CBC-a, CBDV, and many more.
Anti-nausea. A study in 2013 by the British Journal of Pharmacology researched the potential of CBDV and THCV’s anti-nausea’s effect on rats’ brains. Researchers concluded that both cannabinoids “may have potential in reducing nausea.” Just by the quote alone, it’s apparent more research needs to be done.
Anti-seizures. Initial studies show that CBDV acts in a similar way to anti-convulsive medication Capsaicin, which targets the TRP channels (transient receptor potential channel) to combat the gradual process of brain development epilepsy. In fact, an Italian research team found that both CBDV and Capsaicin dephosphorylated TRPV1. CBDV’s effects on TRP channels are being studied to fully understand this cannabinoids anticonvulsive ability. One pharmaceutical company, GW Pharmaceuticals, is actively developing CBDV products for research in clinical trials. They are currently in a phase 2- trial CBDV product under the name GWP42006 that they’re hoping to be approved in treating adults with epilepsy.
CANNABIGEROLIC ACID (CBG-A)
The next in our list of other cannabinoids is CBG-a (Cannabigerolic Acid).
CBGA is considered the “cannabinoid stem cell.” Without CBGA, the amazing health benefits of THCa/THC, CBDa/CBD, CBCa/CBC, and CBG would not exist! These other cannabinoids form through biosynthesis, where chemicals combine to form new compounds. Studies show that industrial hemp contains high levels of CBGa, with some plants carrying up to 94% CBG!
Analgesic. CBGa has been found to be an analgesic, meaning it provided pain relief.
Anti-bacterial. CBGA delays the growth of new bacteria.
Biosynthesis. Without CBGa the medicinal benefits of the other cannabinoids wouldn’t exist. This is important. So much so that scientists aren’t directly studying this cannabinoid. Instead, funding and research are all going to better understand how the biosynthesis itself works.
The last other cannabinoid we’re going to talk about is CBCV (Cannabichromevarin).
Research into other cannabinoids helps us understand how this amazing plant can benefit humanity.
CBCV was first discovered in 1975 when researchers at the University of Nagasaki in Thailand islolated the compound from the cannabis plant. This cannabinoid is the precursor to Cannabichromene (CBC). Cannabis strains with lower levels of THC and CBD often have higher levels of CBCV.
Anti-convulsive. One of the major benefits of CBCV is its anticonvulsant properties. Researchers from the Regents of the University of California have a patent on an anticonvulsant drug for infants dealing with seizures. Although the primary compound in the drug is CBD, the University of California mentions both CBCV and CBC in the patent as well.
Anandamide (AEA) reuptake inhibitor. Anandamide is a naturally occurring cannabinoid in humans. Researchers found that CBCV blocks Anandamide’s absorption by our brain and keeps it working for longer in our bodies.
Very similar medical benefits to CBC, CBCV is a powerful anti-inflammatory, antidepressant, antibiotic, analgesic and antifungal and may be beneficial for patients suffering from:
WAR ON DRUGS INTERFERES WITH RESEARCH INTO OTHER CANNABINOIDS
In the span of two articles we shared 8 different cannabinoids, plus CBD and THC, which we discuss at great lengths in other articles. That’s 10 of the most researched and medically beneficial cannabinoids!
This time around we weren’t able to go as in-depth as we normally would in these types of articles because there just wasn’t enough information on these other cannabinoids just yet. We know scientists believe there are over 100 cannabinoids in the cannabis plant. Research and funding opportunities are still very limited. Cannabis and hemp are both classified as a Schedule I drug by the Drug Enforcement Administration. This classification means the agency refuses to acknowledge that these plants have any medical benefits, despite the evidence to the contrary.
Until this changes, the war on drugs limits our knowledge of the benefits of these miraculous plants. Fortunately, we believe that this will soon change for the better.
In the meantime, read and get to know the cannabinoids we shared, and learn about how they might help people like you.
DISCOVER THE TOP CBD BRANDS
The market is getting saturated with many different CBD brands. We’ve compared the top brands to help you with your decision. Check it out.
We were impressed with Sagely Naturals Relief And Recovery Cream, a high-quality, effective CBD topical salve. This warming CBD topical is non-greasy and effectively eased our reviewer’s lower back pain.
We were impressed with Sagely Naturals Relief And Recovery Cream, a high-quality, effective CBD topical salve.
The first thing we noticed after unboxing this CBD cream was the quality of the bottle itself. Sometimes companies try to cut costs by offering low quality packaging, but that wasn’t the case with Sagely Naturals. The bottle was solid and the pump was responsive, providing small or large quantities of the cream with ease.
Sagely Naturals Relief And Recovery Cream is non-greasy and light. We liked that it felt like regular lotion, not a pain relief cream. The subtle peppermint and menthol scent reminded us that pain relief was on the way!
With a member of our review team struggling with lower back pain, we knew Sagely Naturals’ CBD would be put to the test. Relief and Recovery Cream is easily massaged into the skin, and quickly begins both cooling and warming the affected area. The heat level increased gradually, peaking after about 15 or 20 minutes, but remained at a pleasant level for hours afterwards. After applying twice, pain levels seemed to have decreased noticeably the next day.
Sagely Naturals Relief and Recovery collection includes a topical CBD cream, a headache roll-on, and CBD capsules with turmeric.
Sagely Naturals paid us a fee and offered us free products in return for our honest opinion. If you purchase a product from one of these links, we’ll receive a percentage of sales. We only select the highest-quality CBD products for review on our site. Read more about sponsored content on Ministry of Hemp.
Read on for more about Sagely Naturals Relief and Recovery product line, and our complete review.
SPREADING THE HEALING POWER OF HEMP WITH SAGELY NATURALS
Two friends, Kaley and Kerrigan, started Sagely Naturals to create a product that they both would want to use and that could treat their mothers’ everyday aches and pains. As believers of the powerful effects of CBD, they set off to create products that help people without any psychoactive effects.
Sagely Naturals creates their products using organic, non-GMO hemp that adheres to strict quality control standards of operations. Every batch of CBD is triple lab tested to ensure quality and purity. Moreover, they only use essential oils and natural ingredients that are free from parabens, synthetic fragrances, artificial colors, dyes, and sulfates.
While this CBD topical has a lower strength than some products on the market, the combination of top quality hemp extract with added natural healing ingredients meant that Sagely Naturals Relief and Recovery Cream was more than up to the challenge of easing muscle soreness.
SAGELY NATURALS RELIEF AND RECOVERY CREAM OFFICIAL REVIEW
Thanks to new state hemp programs, more of this miraculous crop is growing in the USA than ever. In this article we discuss hemp programs in Wisconsin, Vermont, Oregon, and Nevada. We also list the market price for hemp in each state.
Thanks to new state hemp programs, more of this miraculous crop is growing in the USA than ever.
Have you ever dreamt of starting over? Packing your belongings and heading to a place where you can spend your days working the land, instead of working behind a desk? Thanks to the rapid expansion of state hemp programs in the U.S., more and more people can be a part of this profitable green future and help create a more sustainable way of life at the same time.
With so much happening in American hemp, we thought this was a perfect time to look at some new state hemp programs, and see what is and isn’t working in each state. In this article, we discuss hemp programs in Wisconsin, Vermont, Oregon, and Nevada. We also list the market price for hemp in each state, which we sourced from a Hemp Industry Daily report.
It all started in 1996, when California became the first state to legalize medicinal marijuana. They were the pioneers. California remained ahead of its time until 2012 when another rogue state stepped in. In this case, Colorado legalized cannabis for recreational use. These two states created a revolution in the cannabis world!
Hemp legalization timeline: From California to Vermont, Oregon, Wisconsin and Nevada.
Without California and Colorado leading the way, the Agricultural Act of 2014 aka, the 2014 Farm Bill may have never been introduced. This bill re-legalized hemp growing in the U.S. under state “research” programs. Without this change, the public may have never learned about the life changing benefits of CBD. CBD has had a huge impact it’s had on the hemp market; basically, setting it on fire!
The 2014 Farm Bill left a great deal of leeway to each state to set the parameters for their hemp growing programs. Some state hemp programs only allow academic research while the most successful allow for widespread growing and hemp sales. As with any market that experiences the same growth hemp has, there is bound to be some bumps and bruises along the way. In this article, we’re going to take a look at some of those pains, along with what it takes to get into the hemp business.
HEMP SALES HIT $820M UNDER STATE HEMP PROGRAMS
A recent report revealed that US hemp sales reached a record breaking $820 million in 2017. Product sales are estimated to reach a staggering $1.8 billion by 2020. And another report, published by Rolling Stone, suggested CBD sales could hit $22 billion by 2022, surpassing even legal psychoactive cannabis sales in the process.
The sad thing is, hemp’s multi-purpose use has been around since before colonial times. George Washington grew hemp and the first drafts of the Declaration of Independence were penned on hemp paper. However, stigma from the war on drugs, and even government cover-ups, made us lose sight of hemp’s benefits for decades.
George Washington’s hemp farm is growing again thanks to horticulturists at his Mount Vernon estate and the University of Virginia.
Now hemp’s back in such a big way. Hemp is pouring money into the US economy, providing jobs and opportunity for people who want to put their farming skills to the test. It’s also helping thousands of suffering people suffering experience the benefits of CBD.
There are currently 19 states that allow growing and cultivating hemp, producing a total of 25,713 acres in 2017 according to Vote Hemp’s crop report. That’s just the beginning, as hemp could soon expand in a big way. An amendment to the 2018 farm bill would legalize hemp nationwide by putting it under the control of the Department of Agriculture.
WISCONSIN HEMP PROGRAM IS NEW BUT GROWING FAST
Legalized in 2017, Wisconsin is being hailed as one of the fastest growing states for hemp cultivation.
In order to grow and cultivate hemp legally, it must be grown under Wisconsin’s industrial hemp pilot program. As part of this state hemp program, crops can only contain 0.3 percent or less THC (tetra hydro cannabidiol) and growers and producers must submit a variety of requested reports to the Washington Department of Agriculture, Trade and Consumer Protection to show compliance. In addition, required records must be kept for three years. These records document a variety of information such as product sources and chain of custody forms. Growers must also allow state officials access to the property to record property transfers.
Since becoming legal, there have been 320 hemp licenses issued. Of those 320, 180 were licenses to grow and 75 were licensed to process the industrial hemp. Registration fees are $350 and annual application fees range from $150-$1,000 depending on the size of the field.
Challenges of growing hemp in Wisconsin
While Wisconsin’s hemp program continues to thrive, there is a unique growing pain that’s getting attention: privacy.
Under Wisconsin’s hemp law, hemp processors contact information is kept private, making it tough for farmers to sell their hemp crops. In an article published by The Cap Times, Rob Richard of the Wisconsin Farm Bureau explained the need for secrecy.
He said, “we were concerned growers would be harassed by people who didn’t understand hemp.”
State hemp programs vary widely: some, like Vermont are simple while growers in Wisconsin face challenging complications.
To remedy this problem, Richard is working with Larry Konopacki, a former legislative counsel attorney, to create the Wisconsin Hemp Alliance program. The Alliance’s mission is to bring processors, retailers, and consumers together with farmers. The organization is just getting underway, so there’s not much else to report at this time.
Hemp market price in Wisconsin
Due to Wisconsin’s infancy growing and cultivating hemp, market prices were not available.
VERMONT HEMP LICENSES INCREASED 3000 PERCENT SINCE 2013
Of all the states approved to grow hemp, Vermont is definitely among the most lenient. As with all industrial hemp grown in the U.S. approved states, the THC level cannot be more than 0.3 percent. Other than this, farmers and processors are pretty much left alone by the government.
This may partly explain why industrial hemp is booming in Vermont. In the first year, only 8 applicants applied for a hemp license. In 2018, that number increased to 316, an increase of over 3000 percent! Almost 2,000 acres of hemp are expected to grow in the Green Mountain State in 2018. Those wishing to grow or cultivate hemp are only required to pay an annual application fee of $25. This covers farmers wishing to grow hemp for any use. That’s really about it!
One reason for this freedom is that Vermont legalized hemp cultivation a year before Congress passed the 2014 Farm Bill which allowed limited state hemp programs.
According to Hemp Industry Daily, farmers in Vermont “do not need to participate in a pilot project, research scheme with a university or state agriculture authority” to grow hemp. So while Vermont is potentially out of compliance with federal hemp rules, famers get to enjoy the state’s hands-off approach and they get access to viable hemp seeds other states do not. And because long-established hemp seed producers in Canada and Europe are close in latitude to Vermont, those seeds will have higher germination rates than if those same seeds were planted further south.
A densely packed hemp field at Luce Farm. Vermont’s hemp laws are some of the most progressive in the nation. (Photo: Ministry of Hemp / Paul James)
Challenges of growing hemp in Vermont
As of July 1, 2018 Vermont made it legal to buy and sell hemp for those registered with the Agency of Agriculture. The program is expected to ease concerns about federal agencies interference with growers, as long as the growers comply with the states program. This program will set up a lab certification standard under a quality control program. It also allows Vermont farmers to purchase hemp seeds from out-of-state seed suppliers.
It’s important to note however that it’s not all hemp rainbows and ponies in Vermont. Hemp farmers and the like are dealing with a number of growing pains. For one, the state is about to face increased competition from their larger neighbors, New York and Canada. And if Vermont’s legislature and the governor decide to legalize recreational marijuana, that could create a whole new set of guidelines to deal with. Finally, as with any state, Vermont hemp growers need a clear hemp growing and sales plan if they wish to be profitable.
Hemp market price in Vermont
$100 per pound of dried flowers/buds for CBD extraction
$0.80-$1.20 per pound for edible seeds used in food products or pressed for seed oil.
$.10 per pound for stalks used for their fiber
‘HEMP IS THE NEW GOLD RUSH’ IN OREGON
Oregon authorized hemp cultivation in 2009, but the state’s Department of Agriculture didn’t license the first hemp growers until 2015.
Since that time, the Oregon hemp market (thanks to CBD) has exploded. In its purified distilled form, CBD oil can fetch thousands of dollars per kilo. Farmers here can make more than 100k an acre growing hemp! In the first year (2015) that Oregon offered hemp licenses only 12 were issued. Last year (2017) hemp licenses across the board increase dramatically. Oregon issued:
233 hemp growers licenses
170 licensed hemp processors, called “handlers”
119 licensed producers of viable hemp seeds
Over 3,500 land acres were licensed for cultivation!
To sum the up the feeling in Oregon, farmer Jerrad said it best in Insurance Journal: “Word on the street is everybody thinks hemp is the new gold rush!”
Nevada’s state hemp program is new but successful, with one advocate calling hemp a “new gold rush” for the state.
Hemp entrepreneurs face some heavy startup fees in Oregon. First off, they must pay a separate license for growing and processing. Each license is $1,300. Plus there is a $120 fee for seed production registration.
Oregon doesn’t require background checks for growers or producers. However, the state exhaustively tests all hemp. The law requires growers and producers to use only laboratories approved by the state government. This past October, some new testing requirements were implemented that will end up costing Oregon upward of $50,000, which will most likely be passed down to the farmers.
Challenges of growing hemp in Oregon
An oversupply of marijuana has driven Oregon’s marijuana prices to rock bottom, which has resulted in pot farmers to turn to industrial hemp.
As Oregon issues more hemp licenses, hemp prices will most likely decrease, driving down the market. In addition, earlier this year, Oregon Governor Kate Brown signed into law SB1015. This law allows industrial hemp to enter the recreational cannabis supply line if the hemp farmers are certified by the OLCC to do so. Recreational marijuana processors are also able to apply for a special “endorsement” that will allow them to accept hemp and hemp products.
The recreational processors then make the hemp, which must be 0.5 percent THC or less, into their concentrate and extract products. But with some marijuana farmers already searching for drastic means to rid themselves of inventory surplus, even destroying their own product, bringing industrial hemp in cannot be a good thing. Doing so will only drive more and more farmers to turn to cultivating industrial hemp, which will eventually lead to a surplus there. Now, should CBD become federally legal, this might not be a challenge, it may be an opportunity.
Hemp parket price in Oregon
$100 or more per pound of dried flowers or buds for CBD extraction
Less than $.50 for edible seed
$0 for stalks used for fiber because the Oregon market is too limited
HEMP IS ‘TAKING OFF LIKE A WEED’ IN NEVADA
Like Wisconsin, hemp in Nevada is still in its infancy stages. Legalized in 2017, hemp farming in Nevada is spreading fast.
Mr. Segerblom, who as a state senator sponsored the bills that were a framework for Nevada’s hemp program went on to say, “there’s an incredible amount of interest in it.”
There were originally 11 growers planting 319 acres in 2016 to 32 growers planning to plant 718 acres in 2018.
One official noted there’s “an incredible amount of interest” in Nevada’s state hemp program.
Nevada requires a separate license for growers, producers, and handlers. The grower license requires a $500 application fee plus $5.00 per acre/.33 per sq. for indoor grows plus and all fees incurred by the Nevada Department of Agriculture. Handlers pay a $1000 application fee plus fees incurred by the NDA. Producers pay a $100 application fee, NDA fees and the same acreage and square foot fees as growers. By law, the NDA must approve all seed purchases. They do allow for non-NDA certified seeds on five planted acres or less.
Challenges of growing hemp in Nevada
The biggest challenge for the Nevada hemp industry has to do with the federal regulations against hemp. Most of the hemp in Nevada is slated for human consumption, including CBD. Other uses for hemp, such as textiles, ropes, and paper are virtually ignored because to process these items takes big equipment and big dollars. Investors aren’t willing to invest until hemp is federally legal.
Hemp market price in Nevada
$200 or more per pound for flower, depending on CBD content and quality.
$10 per pound for food-grade seeds
$45 per gallon for seed oil
$200 per ton of baled fiber
WHAT IS THE FUTURE OF STATE HEMP PROGRAMS?
At first glance it might seem as if legalizing industrial hemp across the board would be the best and only real solution to everything.
Whether it’s lack of industry expansion Nevada faces, the privacy rules Wisconsin has in place, or the potential market implosion in Oregon, legalized hemp would definitely have a positive impact to many of the challenges outlined.
The US Senate added an amendment to the 2018 Farm bill that could fully legalize hemp, but a ban on people with drug felonies could cause complications for growers already operating under state hemp programs.
However, legalized hemp will most likely present a whole new set of challenges anyway. For example, how should states handle intrastate commerce? Will there be a mandate on hemp prices? As of this article, Nevada’s hemp prices are through the roof at $200 or more for dried flowers, where Vermont is selling at $100.00 for the same.
Additionally, while the 2018 Farm Bill could soon legalize hemp, the current amendment would also ban felony drug convicts from growing hemp. No other agricultural crop faces similar restrictions, and both farmers and hemp advocates have objected to the provision.
For now, we can delight in the fact that hemp is back and back in a huge way. Legal hemp created a new economy, revealed awe-inspiring medical potential, and makes use of otherwise unused land.
Let’s all hope the federal government does the right thing and legalizes industrial hemp for every possible use imaginable, and for everyone to grow!
Reviewing Bota Hemp CBD Tincture was a truly enjoyable experience. We found ourselves repeatedly sniffing its fresh, sweet hemp aroma! The taste also didn’t disappoint.
Reviewing Bota Hemp CBD Tincture was a truly enjoyable experience.
After breaking the safety seal and twisting off the cap there was an immediate hit of a sweet, fresh hemp scent. We found ourselves repeatedly sniffing the bottle; the scent was addicting! The taste also didn’t disappoint. It had an earthy, herbal flavor with a hint of natural sweetness.
Bota Hemp CBD Tincture has a sweet, fresh taste of hemp.
We were paid a fee by Bota Hemp and offered free products in return for our honest opinion. If you purchase a product from one of these links, we’ll receive a percentage of sales. We only select the highest-quality CBD products for review on our site.
Read on for our full review and more about what makes Bota Hemp CBD Tincture special.
BOTA HEMP OFFERS COLORADO-GROWN HEMP FOR HEALTH-FOCUSED CONSUMERS
Bota Hemp uses Colorado grown hemp that is pesticide free and non-GMO. They use a supercritical CO2 extraction process for all of their full spectrum products and, like all quality CBD companies, third-party testing results are available on their website.
Bota Hemp believes CBD should be an essential part of a health-focused lifestyle, and they aim to provide the best products to fit that lifestyle.
Their mission is to inspire healthier living through education and premium hemp-based products. With the help of their industry experts, athletes, partners and coaches, they are committed to providing strategies and supporting products to help you achieve a better you.
Strength: 1000mg per 15ml bottle, also available in 250mg and 500mg strengths
Customer Service & Shipping: Our questions were quickly answered by customer service. Bota Hemp provides free shipping on orders over $75.00.
Independent Test Results:Online (see product pictures)
Flavor: Very nice earthy, sweet herbal flavor with a smooth texture from the coconut MCT oil. We could feel a very slight cooling sensation from this strong CBD tincture as it hit the back of our throat!
Ingredients: CBD Oil / Full Spectrum Hemp Extract in MCT (coconut-based) oil
Our only criticism had to do with the child resistant cap: it was a bit tricky to open. In addition to tinctures, Bota Hemp also offers CBD topical salve, CBD face cream, and CBD gel capsules.
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