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Hemp Industry News: Oct 5

 

BUSINESS

Hong Kong Opens CBD Cafe 

Table of Contents

Hong Kong introduces Asia’s first CBD Cafe. THC has to be completely undetectable in all offerings; coffee, beer, juice, oils, butter, powders, pet products and a full cafe menu. CBD is not a controlled cannabinoid in Hong Kong, making the cafe compliant and “progressive.”  Read more and dream about traveling and diversifying.  .

LEGISLATION 

Congress Passes USDA Compliance Delay

Congress passed a year-long delay for States to receive USDA hemp plan approval. The 30 States without an approved plan, “will have more certainty.” Regulations being considered include: THC testing window, DEA lab testing, and hot hemp processing. Additionally, final rules are still developing with the DEA and FDA, with the comment period still open.  Read more as these regulations continue to develop. 

FARMING 

Smoke Tainted Hemp 

How to discern the value of smoke tainted hemp? OSU Professor Jay Noller announced a team will be studying wildfire smoke’s effect on hemp crops. Noller says, “our best estimate is to follow the wine industry.” Results of the one million burned acres in Oregon will continue to develop. Read More Hemp Industry News

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INTERNATIONAL 

Alibaba Launches Chinese CBD Retail 

CBD skincare will now be available for 1.4 Billion Chinese consumers. Nordic Oil, a European CBD producer partnered with Alibaba’s Tmall to launch the first CBD e-commerce store. The intent is to build CBD demand for “China, the world’s largest skincare market, representing nearly 20% of worldwide skincare purchases.” Read More about this radical first mover.

CONSUMER MARKET 

CBN Forbes Official 


CBN receives Forbes insomniac approval.  “Sleep is the third-highest need state” from CBD users surveys. This market segment will continue to increase as consumer awareness doubles each quarter. CBN delivers consistent sleep aid results and provides an excellent outlet for aging hemp inventory.     Read more to sleep more.

 

Thank you for reading! Stay tuned for next weeks Hemp Industry News…

Ashley Dellinger

Ashley Dellinger

Ashley Dellinger is a trailblazer in the cannabis and hemp sectors, serving as the Director of Innovation at The Hemp Collect. With a keen visionary mindset, she not only propels advancements in these industries but also showcases her versatility as a seasoned professional writer based in Oregon. As a collaborative force, Ashley works alongside leading brands, processors, and retailers to elevate industry standards. Boasting extensive experience in the dynamic realms of cannabis and hemp, Ashley Dellinger has left an indelible mark through her prolific contributions, penning thousands of articles across both print and digital formats. Her writing spans news, business, and culture within these burgeoning industries, reflecting her deep understanding and unmatched expertise. What sets Ashley apart is the seamless fusion of innovation and writing prowess, establishing her as a prominent voice and guiding light for those navigating the ever-evolving landscapes of cannabis and hemp. Ashley is on the cutting edge of bringing innovative products and methods that will define the future of cannabis and hemp. Her passion for sustainability and quality drives her even more than being a thought leader. Ashley Dellinger's work not only sets new benchmarks but also inspires others to pursue excellence. For a closer look into her insights and experiences, connect with Ashley on LinkedIn , Instagram, and Facebook. Her influence extends beyond business, enriching the cannabis community with knowledge and innovation, solidifying her as a driving force in the continuous evolution of these dynamic industries.
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