Hemp-derived Pet Supplies in the Growing CBD Market
Most hemp-derived, pet-and-animal sales occur via the internet, as traditional mass-market pet retailers are yet to carry the products. In 2017, total hemp-derived, pet-and-animal product sales reached $13 million, with the market expanding quickly as producers aim to distribute through traditional pet-care channels. Pet-and-animal product sales are estimated to reach $125 million by 2022, […]
As Europe Adopts Legal Cannabis Reforms, Employment Becomes Jobs Won
By Oliver Bennett, Special Contributor to New Frontier Data Despite ending another year compromised by the worldwide COVID-19 pandemic, the legal cannabis industry can afford some optimism looking toward 2022. While the pandemic remains an ongoing crisis, with Europe adopting frequently updated restrictions, there are nevertheless positive trends taking shape for the industry in the […]
Competition Rising Over Shelf Space for Hemp Foods
By Eric Singular, Director, Hemp Business Journal, New Frontier Data Canada has long fed the world’s demand for hemp foods. Since 1998, the now Tilray-owned Manitoba Harvest has built a global supply chain for hemp grain produced by the country’s farmers. Over the past three years, Health Canada has reported an average of 75,133 acres […]
How Many Acres Have Farmers Lost to Hot Hemp?
By Eric Singular, Director, Hemp Business Journal, New Frontier Data In the wake of the 2014 Farm Bill’s passage, access to reliable genetics proved to be the first obstacle to American farmers’ sowing the seeds of industrial hemp production after decades of prohibition. While other agricultural crop commodities were bolstered by the expanding study of […]
Weighing Hopes from an Ending Trade War Against the Megadrought of a Millennium
By Eric Singular, Director, Hemp Business Journal, New Frontier Data In 2000, scientists predicted that the Western U.S. had entered a once-in-a-millennia megadrought. In two decades since, the accuracy of that prognostic has been increasingly felt by the American farmer. This summer, a severe drought threatens widespread crop failure for the U.S. agricultural community. The U.S. Department of Agriculture (USDA) estimates that 40% of the country — approximately 214.9 million acres of cropland — is experiencing […]
Despite Bumps, CBD Market Growing Toward Convenience Store Shelves (Duplicate)
By William Sumner, Hemp Business Journal Contributor The potential both practical and profitable for cannabidiol (CBD) has been gaining an increasing amount of national attention. From alleviating intractable seizures to soothing anxiety, CBD’s health benefits have (anecdotally) become well known, which has translated to millions of dollars’ worth of investment from entrepreneurs and investors, and […]
Capturing the Energy Costs for Cannabis Cultivation
Capturing the Energy Costs for Cannabis Cultivation By J.J. McCoy and Beau Whitney for New Frontier Data Cannabis industry stakeholders, much like other stakeholders operating in agricultural and livestock commodities, place a great deal of emphasis on energy consumption and carbon-emissions levels. Whether framed by cultivators and producers as economic fixed costs, ongoing governmental policy, […]
Cannabis Production Consumes Less Energy Than Beer Production
In terms of energy consumption per unit, roughly 1.2 kilowatt hours (kwH) of energy is required to produce 1 gram of cannabis, versus 0.2 KwH to produce 1 (12-oz.) bottle of beer. At those rates, the energy required to produce 1 gram of cannabis is equal to that required for a six-pack of beer. […]