CBD Hemp Oil for Cancer Patients

The hemp harvest from all sectors continues a dramatic downward trend in the U.S. for 2022. The annual hemp harvest for 2022 is expected to shrink by nearly half in the United States across all sectors, according to government figures and projections from Denver-based analyst PanXchange . The reduction in yields cuts across all outputs from roughly 36,925 acres in 2021 to around 20,000 acres in 2022. For example, the flower harvest is expected to be generated from approximately 6,400-6,800 acres, while the fiber harvest is projected to be produced from between 8,200-9,100 acres. Finally, PanXchange predicts the grain yield will be brought in from as little as 4,800 to 5,000 acres this year.        This precipitous drop would roughly translate to a 46% decrease in harvested acres in 2022 based on comparable statistics from the first-ever hemp crop report from the USDA’s National Agricultural Statistics Service (NASS) performed following the 2021 harvest season. Begi...

Charlotte’s Web Holdings signs an agreement making the Colorado company the first official CBD sponsor for Major League Baseball. As first reported by the Sports Business Journal , Charlotte's Web has signed the first CBD sponsorship deal with Major League Baseball making it the "Official CBD of MLB." The new sponsorship includes exclusive category rights and will cover this year's postseason along with an additional three years. As part of the agreement, CW will launch via its e-commerce site a line of sport CBD products featuring MLB's signature silhouetted batter logo. The brand will also prominently display electronic signage throughout the playoffs and the World Series and is additionally planning a special sweepstakes promotion for the Fall Classic. The deal represents a significant milestone in sports history as MLB becomes the first of the nation's big four sports leagues (NBA, NFL, NHL and MLB) to sign a CBD company as an official sponsor. The terms ...

Medical cannabis patients in New York can now grow their own marijuana plants.   Beginning October 5th, individuals in New York state who meet the requirements and are legally certified as medical marijuana patients or caregivers will be allowed to grow cannabis in their homes, according to the Times Union . Britni Tantalo, owner of Flower City Hydroponics in Fairport, NY, says, "Today marks history in the cannabis industry. Most medical marijuana cardholders only had access to medical dispensaries, which have limited products or things that don't tailor to their ailments." "Today marks history in the cannabis industry. Most medical marijuana cardholders only had access to medical dispensaries, which have limited products or things that don't tailor to their ailments." - Britni Tantalo, Owner of Flower City Hydroponics State officials, however, are quick to point out that certain limitations are associated with the new law. For example, according to the ten...

Over the weekend, dispensaries in Vermont began selling recreational marijuana to adults 21 and older. This past weekend, history was made in Vermont as three dispensaries, FLORA Cannabis, Mountain Girl Cannabis, and CeresMED, began selling recreational adult-use cannabis, according to CNBC . In total, at least 70 Vermont municipalities have opted in to allow retail marijuana sales. Other hopeful companies across the state expect to receive their adult-use licenses in the coming weeks and months.      Before the new laws allowing for recreational sales, cannabis had already been legal for medical and personal use in the state. In October 2020, Gov. Phil Scott (R) allowed the legislation legalizing adult-use marijuana to become law without his signature. Vermont is now the 15th state with legal cannabis sales to adults 21 and older, according to the Marijuana Policy Project . Four other states — Connecticut, New York, Rhode Island, and Virginia — and Washington, D.C., hav...