The Hemp Access and Consumer Safety Act

We are thrilled to report the introduction today of The Hemp Access and Consumer Safety Act  which would establish a legal and regulatory pathway for the sale of hemp-derived extract products such as CBD as dietary supplements and food and beverage additives.  We especially applaud Senator Ron Wyden (D-OR), a longtime and enduring hemp supporter, for drafting this bill which will help stabilize hemp markets, open a promising economic opportunity for U.S. farmers, and protect consumers by requiring hemp extract product manufacturers to comply with the entire existing comprehensive regulatory framework for ingestible products.  We are also grateful to Senators Rand Paul (R-KY) and Jeff Merkley (D-OR) for serving as original co-sponsors of this much needed, bi-partisan legislation. Contact your Senators here!


LONGMONT, Colo. – May 4, 2021 – High Grade Hemp Seed, a Santa Fe Farms company and a leader in the production and sales of premium hemp genetics, has received AOSCA certification of its top-performing CBG varietal, Matterhorn CBG.

The Association of Official Seed Certifying Agencies (AOSCA) is dedicated to the production, identification, distribution and promotion of certified classes of seed. Its certification of Matterhorn CBG paves the way for High Grade and its trusted affiliates to distribute to States, Countries and Native American Nations where certification of seed is required for entry into their ag markets as well as other markets where certification is unnecessary.

Wrangler Parent Expands Hemp Collaboration With Panda Biotech

Kontoor Brands Inc., with a brand portfolio led by Lee and Wrangler, announced an expansion of its collaboration with Dallas-based Panda Biotech, an emerging leader in the industrial hemp fiber industry, on Tuesday.

Kontoor Brands and Panda Biotech will work to bring traceability and scale to the textile-grade cottonized hemp grown and processed in the United States. Read more …

Can Hemp Grain & Fiber Acreage Eclipse CBDs’ This Year?

The magnitude of oversupply in the CBD market this year could reduce the amount of hemp acreage dedicated to cannabinoid production by more than 70% from 2020. Though total U.S. licensed hemp acreage in 2020 declined by 30% from its peak in 2019, it still produced more material than the industry could process and sell: Much more.

Such is the extent of the glut of biomass in the market that many extractors are still using material from 2019 crops to make their products. Consumer demand for CBD products is still growing, and quickly, but the requisite amount of acreage necessary to feed that demand is drastically smaller than what was grown in 2020. Read more …

A New Study Finds CBD May Help Combat the Onset of Alzheimer’s

CBD already has a well-earned reputation as a natural wellness therapeutic that can help ease anxiety and combat pain. But recently published research has shown CBD has real potential as a therapy for one of the biggest health issues impacting the country: Alzheimer’s disease.

A study published in the Journal of Alzheimer’s Disease associated CBD with changes in brain chemistry that restore function of two proteins. Both proteins help the brain battle buildup of plaque that is associated with the onset of cognitive decline and dementia, including Alzheimer’s disease. Read more …

U.S. Hemp Fiber Processor BastCore Raises $2.8 Million

Industrial hemp fiber processing, manufacturing and technology company BastCore recently announced it has received $2.8 million in funding for its first significant round of venture capital financing.

BastCore specializes in buying hemp stalks and processing them into fiber products, according to a press release. The company says on its website that it produces textile-grade fiber, composite-grade bast fiber, chipped core wood and micronized core wood. Read more …

Hemp Bricks an Immediate Solution to the Native American Permanent Housing Crisis

There are many problems facing Native American Tribes in the United States, healthcare, employment, food security, education, and very importantly permanent housing.  

Despite being the longest tenants of the land, they are often left out of participation in the same credit economy as folks not on tribal land due to something called Sovereign Immunity. Read more …

Idaho Gov. Signs Bill Making Hemp Legal in All 50 States

BOISE, Idaho (AP) — Idaho Gov. Brad Little has signed into law a bill legalizing the production and transportation of hemp with up to 0.3% of THC, the cannabis compound that gives marijuana its high.

The Republican governor signed the bill Friday, making Idaho the last state to do so. However, the new law does not allow selling to Idaho consumers hemp products containing any amount of THC. Read more …

$500k Down Payment to Re-establish U.S. Hemp Seed Bank

The Agriculture Research Service (ARS) of the U.S. Department of Agriculture (USDA) has received $500,000 in initial federal funding to create the nation’s only industrial hemp seed bank at Cornell AgriTech, a part of New York’s Cornell University system that researches food and agriculture.

The germplasm repository will enable researchers to identify pest-resistant and disease-resistant genes, and the chance to breed new hemp varieties, said Larry Smart, a horticulture professor in Cornell’s School of Integrative Plant Science. Read more …

The SAFE Banking Act Passes House Overwhelmingly: Onto the Senate!

The SAFE Banking Act, celebrated for offering banking and financial service access to marijuana-based businesses, was amended in 2019 to specifically assist hemp farmers and CBD companies with banking and merchant services. Later that year, the bill passed the U.S. House by an overwhelming margin, 321 to 103, but unfortunately never was heard by the U.S. Senate.

Prospects for the bill appear brighter this year with the change in control of the Senate. And the bill itself is much improved to explicitly protect financial and credit card transactions for hemp farmers and processors, as well as businesses engaged in the handling, manufacturing and sale of hemp-derived cannabinoid products such as CBD. Meanwhile, the bill makes clear that hemp businesses are not subject to the additional scrutiny required for adult-use cannabis commerce. Real the full bill here – (hemp provisions are found on pp. 15-19).

Contact your Senator today!