In 2020, cannabinoid production undoubtedly continued to steal the hemp show. According to a recent survey by market analytics firm Hemp Benchmarks, nearly 90% of growers opted to cultivate hemp either for cannabidiol (CBD) or cannabigerol (CBG).
On each Friday following the distribution of PanXchange: Hemp Benchmarks and Analysis, the Hemp team will be hosting an online webinar to discuss industry trends such as our regional pricing benchmarks, market commentary, supply and demand analysis, and other recent content. This webinar is intended to give our subscribers the opportunity to connect with the PanXchange team to ask questions and discuss topics in an open format. This is a new service exclusive to only PanXchange platform participants and data subscribers – at no additional cost.
DENVER, CO, UNITED STATES, December 17, 2020 /EINPresswire.com/ — The December 2020 edition of the PanXchange®: Hemp Benchmarks and Analysis was released today and is accessible to subscribers on the PanXchange website. In addition to its usual suite of 12 benchmark prices covering the cannabinoid market, fiber, and hemp grain, the report discusses the 2020 supply, demand, and deal flow in depth.
This year was poised to be a turning point for the hemp industry as regulations set forth by the Agricultural Act of 2014 (the 2014 Farm Bill) were due to expire Oct. 31. By then, states were supposed to have updated their hemp plans to be compliant with the Agriculture Improvement Act of 2018 (the 2018 Farm Bill), ushering in a new set of what many in the industry consider to be stricter regulations.
This year’s APEX Awards will be a week-long digital celebration of the leaders and companies elevating Colorado tech to new heights and will conclude with a live virtual event on February 4th.
The Kenya and UK governments have formally signed a trade agreement that will see Kenyan exporters of agricultural products including flowers and fresh vegetables continue to access the UK market under a duty-free, quota-free arrangement similar to the arrangement that has been in place with the UK’s membership of the European Union.
November 3, 2020 was a clear win for the cannabis industry. Five states passed legislation that legalized some form of legalized marijuana. Moreover, just today, Congress took a historic move by passing a vote of 228 to 164 to legalize marijuana federally.
Hear from Julie Lerner, Founder and CEO of PanXchange, the leading benchmark price provider in US Hemp and the defacto benchmark price provider for US Frac Sand (proppant).
An interesting advancement in technology in the oilfield services space is the NOV Ideal e-frac fleet. NOV’s e-frac fleet is the first fully remote-operated frac fleet, and “centralizes knowledge to a single location on the well-pad and removes personnel from hazardous equipment and environments”. E-fleets uses gas-powered turbines to generate electricity to power the pressure pumping equipment. As a result, roughly half the amount of pumping units are needed on location versus a diesel-powered spread, and significant emissions and fuel savings are realized each time a well is completed.
As the third nationally legal industrial hemp crop hits the market, it is clear that American producers, consumers, merchants and processors are engaged, at an early stage, in a grand and exciting economic experiment to leverage an ages-old commodity into effective, reliable products for technologically advanced markets.