New Frontier Data

By William Sumner, Hemp Business Journal Contributor Prompted by passage of the 2018 Farm Bill and a surge in consumer demand for cannabidiol (CBD), the United States hemp industry this year is cultivating more than 480, 334 acres for the purposes of processing hemp. As more state...

By Samuel J. Scheurich, Hoban Law Group To professionals having recently entered the industry space for legalized cannabis and hemp, the adjustment from the types of commercial issues encountered while working for a large mainstream corporation can be an abrupt, if not outright dramatic, switch. As...

By William Sumner, Hemp Business Journal Contributor Hemp has undergone a renaissance over the past several years, driven primarily by its industrial uses and high concentrations of cannabidiol (CBD). Featuring a host of purported medical benefits yet none of the intoxicating effects...

By New Frontier Data Europe Hemp cultivation in Europe is well established with a tradition dating back hundreds of years. Currently, it is estimated that Europe cultivates up to 25% of the world's hemp. France alone accounted for 40% of the European production, with at least 20 other countries...

Passage of the 2018 Farm Bill sparked both sharp nationwide increases in licensing and explosive sales growth for 2019. The issuance of U.S. hemp-cultivation licenses saw a year-over-year, nationwide increase of 364% (from 3,546 in 2018 to 16,462 in 2019). Small family farms' entry to the...

By Sean Murphy, Director of Hemp, New Frontier Data Explosive growth in the U.S. hemp industry as spurred by passage of the 2018 Farm Bill is keenly analyzed in the Hemp Business Journal (HBJ)'s forthcoming U.S. State Hemp Rankings Report. Insights about state-by-state licensing and cultivation...

By Giadha Aguirre de Carcer and JJ McCoy, New Frontier Data Last week, Altria Group and Philip Morris International (PMI) announced being in discussions for a potential all-stock “merger of equals,” signifying a combined $210 billion deal with impacts for one of the Canadian cannabis...

By William Sumner, Hemp Business Journal Contributor Hemp Business Journal has been monitoring a growing number of privately held hemp companies making significant increases in sales across the online and mass-market channels. One company that has stood out in such research is...

While much has been reported about cannabis oversupply in Oregon, Colorado has also seen (lesser) price declines. As Oregon saw a 64% decline in wholesale prices from October 2016 to March 2019, Colorado experienced a 60% drop from January 2015 to April 2019. The downward slides in wholesale...

By Beau Whitney, VP and Senior Economist, New Frontier Data There has been no lack of buzz recently about Oregon's oversupply of cannabis, with concerns first fueled by the state's own regulating agency. Back in January, the Oregon Liquor Control Commission (OLCC) reported that the state...

By Sean Octavius Murphy, Founder, Hemp Business Journal Hemp Business Journal has been tracking Palmetto Harmony since its founding in 2015, and last year projected the Conway, S.C.-based outfit as a company to watch among those analyzed in The CBD Report. Given its developmental trajectory, the...

By Bill Griffin, Contributing Writer for New Frontier Data An adult arriving at Amsterdam Central Station could within minutes stroll into a nearby coffeeshop to purchase and consume some sparkling cannabis flowers to pair with their cappuccino. They would no doubt assume that recreational cannabis...

  Q: For anyone who missed last week's webinar, "Are Your Numbers In Order? Preparing Your Cannabis Business for Turbulent Times Ahead", can you summarize what was shared? A: Though we have seen considerable growth and increased legitimacy in the legal cannabis industry, many...

By J.J. McCoy, Senior Managing Editor, New Frontier Data For the first time in five years of Colorado's coexisting, legalized adult-use and medical cannabis markets, recreational sales more than doubled medical sales in 2018, according to state regulators' figures. Colorado rolled out its...

By William Sumner, Hemp Business Journal Contributor As hemp companies and foreign investors seek new global markets for establishing operations, one region in particular resides relatively untapped. In terms of natural resources, Africa is one of the most abundant locales in the world, and...