After the governments decision to extend the window for importing maize from outside the EAC, Kenyan millers are now seeing little benefit to the imported maize from Mexico compared with the local prices.
Cannabis Sativa L. is a genus or family of plants, whereunder Federal and State laws have subdivided the greater industry of a single genus of a plant into two distinct divisions. The discontinuities between the Federal regulation of industrial hemp, and lack thereof for medicinal and recreational marijuana, has bred the two industries to coexist, but have zero crossovers in terms of a shared market. Although the marijuana and hemp industries have operated independently for the entirety of their existence in the US economy, it is noteworthy to see evidence of fundamental changes. Recent developments in Colorado and Illinois opened the doors to the sale of industrial hemp-derived products in marijuana dispensaries, creating a small but noteworthy bridge between the two industries and adding a potential source of demand.
This webinar will feature Julie Lerner, Kim Harris, and Bob Hoban all accredited professional and business leaders in the hemp and cannabis industry. The speakers will discuss forward selling hemp in an oversupplied market, covering all aspects such as avoiding the risks of fixed price transactions, types of crop insurance available and requirements to prove sales contracts, and legal issues regarding contract terms and other forward selling issues. A Q&A will follow. A must attend for the hemp industry.
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The prices for unprocessed hemp for CBD (CBD biomass) and for distilled CBD have consolidated at low levels, according to May data reported by the PanXchange, holding at about 20 percent of last year’s peak prices posted shortly before the harvest started.
Around this time last year, CBD-hemp prices started on a tear that didn’t let up until a dramatic price collapse in August. Hemp grown for CBD production currently dominates non-marijuana cannabis production and consumption.
Kenyan Truck Drivers Push To Suspend Operations
The Kenya Long Distance Truck Drivers Union has called for the suspension of operations into Uganda due to the challenging environment they are facing at the border crossings which include alleged harassment, stigma and long delays as the majority of Uganda’s COVID-19 cases have been truck drivers from neighboring countries.
In recent weeks, Aurora Cannabis stock has seen new life. It all started with the company releasing its third-quarter 2020 results on May 14, which showed 18% revenue growth from the prior period. A commitment to further improving its costs also gave investors a reason to be hopeful that profitability may not be just a pipe dream.
Citing a precipitous downturn in hemp commodity prices, the U.S. Hemp Roundtable has written to federal agriculture authorities seeking a change to agency rules on getting coronavirus pandemic-related assistance.
We talk with RJ Hopp, Director of Hemp Markets about the hemp market fluctuations, declining hemp licenses, and the outlook in industrial hemp futures.
Growers of fresh produce have seen a demand in their products from the European Union as stocks have begun to run low especially as governments in the UK, Germany, Italy, and other European countries start easing the nationwide lockdowns.