Hemp is a member of the cannabis sativa family but differs from marijuana as hemp is cultivated for an array of industrial uses rather than marijuana’s medicinal and recreational purposes. The hemp plant was domesticated thousands of years ago and one of the first plants used for fiber, but was outlawed in the US in 1970 after all species of the cannabis sativa family were labeled a Schedule 1 drug, and it’s legal status varies around the world with most countries heavily regulating any permitted production. In the 2018 US farm bill, industrial use of hemp was legalized nationwide.
PanXchange, a Denver-based OTC physical commodity exchange and price reporting provider, today successfully launched its industrial hemp indices, becoming the first company to offer such pricing data to the market.
Julie Lerner founded PanXchange in 2011, launching with minimal investment the first company to bring the negotiation and trade of all types of physical commodities onto an online platform.
This month, PanXchange (PX), a Denver-based OTC physical commodity exchange and a market structure solutions provider, marks its one year anniversary since going live in the physical frac sand market.
Capital Markets CIO Outlook has named PanXchange one of the Top 10 Trading Solution Providers of 2018. Take a look at the profile, where CEO Julie Lerner discusses her approach to solving inefficiencies in the frac sand market and how PanXchange has changed the way commodity traders locate and execute trades.
The Denver Business Journal celebrated 20 years of impactful women by recognizing influential leaders and innovators in the business community. Amongst these outstanding women was our own Julie Lerner, a finalist for the Outstanding Women In Business Award.
“Futures Radio Show, hosted by Anthony Crudele, welcomed Julie Lerner to discuss her background in commodities, her opinions on derivatives markets and blockchain, and more. The episode is available to listen to for free through the following link.
People are excited about blockchain. They believe it will solve inefficiencies in everything from stocks and bonds to production and delivery of commodities. Some even claim it will end global poverty.