Does Overpriced CBD Help Farmers?

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Episode 71: This week we talk to Jay Stucky, a CBD hemp farmer in upstate New York. His many concerns about the CBD industry include the high price of CBD and how processors and retailers are making all the money — not the farmers. In this wide ranging conversation, Stucky addresses the call to raise the THC level in hemp from 0.3% to 1%, which he says is not necessary.

Then we hear from Scott Bennett, the hemp policy expert at the American Farm Bureau Federation, whose delegates just voted to support raising the THC level in hemp to 1%.

Relevant hemp Links and news nuggets

Berkshire Hemp https://berkshirehemp.farm/

American Farm Bureau Federation https://www.fb.org/

Leaf Report’s The CBD Market Consumer Research: A Guide to Become a Smart Consumer https://www.leafreport.com/education/the-cbd-market-explained-a-guide-to-become-a-smart-consumer-3159

Kentucky hemp companies face bankruptcy as ‘bureaucratic paralysis’ plagues industry https://www.kentucky.com/news/business/article239751703.html

You might be overpaying for CBD, and there’s no reason why https://www.nj.com/marijuana/2020/02/you-might-be-overpaying-for-cbd-and-theres-no-reason-why.html

Delaware company seeks permits for hemp extraction facility https://www.lancasterfarming.com/news/associated_press/company-seeks-permits-for-hemp-extraction-facility/article_4a5eb148-cfde-5031-bebc-f33acc63d7fc.html

WVDA Submits State Hemp Plan to USDA https://www.lancasterfarming.com/farming/industrial_hemp/wvda-submits-state-hemp-plan-to-usda/article_f0c89ac2-963b-5513-b8a0-d78cdad8b1b2.html

A Certified Organic Labeling Program Is Coming To Cannabis In 2020 https://www.forbes.com/sites/katieshapiro/2020/02/03/a-certified-organic-labeling-program-is-coming-to-cannabis-in-2020/#71141e8c7b07

2 Kentucky hemp companies face bankruptcy proceedings https://www.lancasterfarming.com/news/associated_press/kentucky-hemp-companies-face-bankruptcy-proceedings/article_65c47ff5-4090-572e-8075-04dd1466b52e.html

Sponsor Links

Lancaster DHIA’s Hemp Survivors Workshop https://2020-hemp-survivors-workshop.cheddarup.com

King's Agriseeds https://kingsagriseeds.com/hemp/