Opinions are like a lot of things. Everyone has one. This is our view and opinion. Links below are to other people’s opinions.
The bad news. 2020 did not prove to be the year the hemp industry had hoped for. We were expecting the FDA to issue rules opening up a broad market extractors and farmers needed.
What we got was nothing from the FDA and a reminder from the DEA of their opinion and role in the United States hemp industry.
Tennessee, Kentucky, North Carolina, Virginia and other states saw solid 2018 prices and the growing awareness 2019 brought with record numbers of licensed growers and record low prices and no demand. 2020 growers did not find the price or demand to support their efforts. 2021 has far fewer growers than 2020.
Many of the largest processors and extractors have closed or bankrupted. Farmers have thrown in the towel. The slow movement of government has trickled down to the small family farms looking for an opportunity to pay their bills or get ahead.
The good news. The FDA is working on their hemp rules. The United States Congress is working on a bill directing FDA to move the industry forward.
The USDA has allowed states to choose 2014 rules for another year (2021).
The DEA carefully worded their interim rules and has not made their intentions clear on enforcement, yet…
Is there a big future for hemp? Yes. Is it 2021? Maybe not. There is some movement in sales. The demand for extractable biomass is limited. Flower for smoke sells, although it is not legal in all states. It is just a small market and the volume is limited. Prices are low. Labor is high.
Welcome to the Future
Welcome to the
Southern Hemp Network
We have seen six years of hemp grown since the 2014 Farm Bill allowed for state pilot programs. We have seen the rapid rise and fall of many cutting edge and leading edge businesses, farmers and innovators.
We have seen the failures of government to act, the failures of farmers, organizations and businesses in this re-birth of a very old agricultural based industry.
We are seeing new extraction facilities being built. New manufacturers of CBD and hemp products are coming online. New processing and decortication operations are opening real opportunities for fiber and seed farmers. Positive things are happening.
The Southern Hemp Network is for everyone involved in the industrial hemp industry that believes this is a correction. It is a reckoning of dreams and reality. The survivors will be the players of the future. We have all lost friends, clients and customers on the way. We look forward to the coming of age of a new and ancient agricultural industry. Southern Hemp Network Membership is free. Join and check it out.
Market insight and intelligence is hard to find. As emerging industries, CBD and cannabis are incredibly dynamic, terribly messy, and increasingly complex. The Brightfield Group provides a variety of research based reports and projections, presented in a professional manor on cannabis, hemp and other industries. Plenty of free information, as well as paid.
Hemp Benchmarks®, a division of New Leaf Data Services, is a leading provider of financial, business and industry data for the North American hemp markets. We offer comprehensive and unique benchmark services for public and private organizations, and financial institutions. Offers both Free and Paid information on pricing and volume.
Daily updates of information on all aspects of the hemp industry. Large collection of articles about growing, curing, processing and extracting as well as political, government and business information, including pricing and trends. Great Free Resource for new and experienced.
Hemp Grower is owned by GIE Media, based in Valley View, Ohio. HG’s mission is to support legal hemp cultivators by providing actionable intelligence in all aspects of the business—from regulatory news to analysis of industry trends and business strategy, as well as expert advice on cultivation, extraction, marketing, financial topics, legal issues and more.
With hundreds of articles from How to Choose the Right Hemp Seed to Understanding CBD Isolate and everything in-between, Kush.com is the educational hub for everything hemp and cannabis. Shop CBD products, search wholesale listings, and get educated from industry experts all from your home office.
Founded in 2011 by a veteran Cargill commodities trader PanXchange provides an institutional-grade trading in multiple markets with objective data gleaned from that activity that serves as a foundation for objective price discovery. PanXchange is a leading benchmark price provider in the US hemp industry.
A marketplace dedicated only to Hemp, so you can connect and share with people within the industry, bringing order and visibility across the entire Hemp Market. Free to browse. Small listing fee to sell product.
The U.S. Domestic Hemp Production Program establishes federal regulatory oversight of the production of hemp in the United States. The program authorizes the U.S. Department of Agriculture (USDA) to approve plans submitted by states and Indian tribes for the domestic production of hemp. The rules start here. Broad source of information and resources.
The U.S. Domestic Hemp Production Program establishes federal regulatory oversight of the production of hemp in the United States. The program authorizes the U.S. Department of Agriculture (USDA) to approve plans submitted by states and Indian tribes for the domestic production of hemp. The rules start here. Broad source of information and resources.
The FDA is committed to protecting the public health and improve the efficiency of regulatory pathways for the lawful marketing of appropriate cannabis and cannabis-derived products.
FDA has a number of resources available that address cannabis and cannabis-derived products, such as CBD.
The Drug Enforcement Administration (DEA) enforces the controlled substances laws and regulations of the United States in regard to the growing, manufacture, or distribution of controlled substances appearing in or destined for illicit traffic in the United States.
