City Farm Industries, Inc. (“CFI”) was formed to address the rapidly widening gap between market demand and reliable supply of organic grade hemp by building the largest and most efficient industrial hemp cultivation and extraction operations in the United States. CFI’s focus is on the “Sun States” of California, Nevada, and Arizona with a plan to have over 87,000 acres under cultivation in these states in the next three years.
Due to the immaturity and fragmentation of the U.S. and other global markets, CFI has an opportunity to be the “global brand” for supply of pharmaceutical grade CBD Distillate and Isolate.
Due to the immaturity and fragmentation of the U.S. and other global markets, CFI has an opportunity to be the “global brand” for supply of pharmaceutical grade CBD Distillate and Isolate.
What the media is saying:
Forbes Magazine, September 30, 2018 - We Should Be Pouring Time And Money Into Hemp, Period. A ladybug crawls on the leaf of a hemp plant grown for medical research purposes at the Royal Agricultural Station Pang Da in Samoeng, Chiang Mai province, Thailand, on Friday, July 6, 2018. (Credit: Taylor Weidman/Bloomberg)
Forbes Magazine, December 20, 2018 - Legal Hemp In 2019 May Be A Boon For Stressed Out American Farmers. It cannot be overstated how beneficial this plant could be for U.S. farmers in the coming years. As the agricultural landscape of America evolves — creating challenges for farmers ranging from flagging industries like tobacco and dairy to climate change and the ongoing Chinese tariff situation affecting soybean sales — a more sustainable domestic crop is essential. Since the passing of the 2014 Farm Bill, which created pilot programs for farmers to grow legal hemp in conjunction with state-run agricultural programs, hemp has proven to be a superior choice over other traditional crops. This year, Kentucky farmer Brent Cornett explained how he’d joined a hemp growers’ group saying for the past three years he’s dedicated an increasing amount of acreage to hemp that previously was used to grow tobacco. “There’s been plenty of challenges with a new crop, but as of today, a mediocre hemp crop is yielding a better return than an excellent tobacco crop,” he said earlier this year.
In Northern California, farmer Ben Roberti, whose family runs a cattle ranch and grows alfalfa, has also diversified to include hemp crops into his rotations. "So many of the dairies are shutting down on the west coast that we just don't view alfalfa as a commodity for the future," he told ABC 10. Their hemp crops are proving to grow with less water and are more frost resistant than other crops. For farmers working on tight margins, those positive qualities can be critical to a business’s bottom line. American hemp farmers in 2019 can also look forward to new protections that conventional farmers have always enjoyed — like crop insurance, legal interstate travel and basic banking services. The 50-year federal ban on hemp has meant it was problematic to secure crop insurance for hemp, leaving farmers vulnerable to inclement weather that could devastate plants and ruin a growing season, or potentially an entire farm.
Forbes Magazine, December 20, 2018 - Legal Hemp In 2019 May Be A Boon For Stressed Out American Farmers. It cannot be overstated how beneficial this plant could be for U.S. farmers in the coming years. As the agricultural landscape of America evolves — creating challenges for farmers ranging from flagging industries like tobacco and dairy to climate change and the ongoing Chinese tariff situation affecting soybean sales — a more sustainable domestic crop is essential. Since the passing of the 2014 Farm Bill, which created pilot programs for farmers to grow legal hemp in conjunction with state-run agricultural programs, hemp has proven to be a superior choice over other traditional crops. This year, Kentucky farmer Brent Cornett explained how he’d joined a hemp growers’ group saying for the past three years he’s dedicated an increasing amount of acreage to hemp that previously was used to grow tobacco. “There’s been plenty of challenges with a new crop, but as of today, a mediocre hemp crop is yielding a better return than an excellent tobacco crop,” he said earlier this year.
In Northern California, farmer Ben Roberti, whose family runs a cattle ranch and grows alfalfa, has also diversified to include hemp crops into his rotations. "So many of the dairies are shutting down on the west coast that we just don't view alfalfa as a commodity for the future," he told ABC 10. Their hemp crops are proving to grow with less water and are more frost resistant than other crops. For farmers working on tight margins, those positive qualities can be critical to a business’s bottom line. American hemp farmers in 2019 can also look forward to new protections that conventional farmers have always enjoyed — like crop insurance, legal interstate travel and basic banking services. The 50-year federal ban on hemp has meant it was problematic to secure crop insurance for hemp, leaving farmers vulnerable to inclement weather that could devastate plants and ruin a growing season, or potentially an entire farm.
Good News: The 2018 Farm Bill Has Passed!
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https://news.medicalmarijuanainc.com/hemp-cbd-industry-reacts-farm-bill/
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HEMP AND CBD INDUSTRY REACTS TO FARM BILL PASSAGE:
The signing of the Farm Bill generated praise from hemp and CBD industry leaders and advocates, who celebrated the lifting of a decades-long ban on hemp.
Donald Trump’s signing of the 2018 Farm Bill in December sparked applause from industry leaders in the hemp and cannabidiol (CBD) space.
REACTIONS FROM HEMP AND CBD LEADERS:
The final approval of this landmark legislation was met with celebration by hemp and CBD industry leaders and advocates who foresee many new opportunities now that hemp and its extracts are fully legal in the U.S.
Joy Beckerman, Board President of Hemp Industries Association, praised the passage of the bill and the new economic opportunities it offers for domestic farmers and U.S. businesses that will take advantage of the many uses of hemp.
The legalization of hemp is the culmination of years of advocacy by organizations like Vote Hemp. The non-profit organization has been working since 2000 to bring back hemp farming in the U.S.
The signing of the Farm Bill generated praise from hemp and CBD industry leaders and advocates, who celebrated the lifting of a decades-long ban on hemp.
Donald Trump’s signing of the 2018 Farm Bill in December sparked applause from industry leaders in the hemp and cannabidiol (CBD) space.
- The Agricultural Improvement Act of 2018, commonly known as the 2018 Farm Bill, contains provisions that legalize hemp and its compounds at the federal level. Prior to the bill’s signing, hemp had been listed as a controlled substance, forcing United States businesses to obtain the crop from international sources.
- The passage of the new Farm Bill removes hemp from the federal list of controlled substances and reclassifies the plant as an agricultural commodity. Moving forward, U.S. farmers will be able to grow, process, and sell the plant commercially, and hemp is now legal nationwide for any use, including the extraction of CBD oil.
REACTIONS FROM HEMP AND CBD LEADERS:
The final approval of this landmark legislation was met with celebration by hemp and CBD industry leaders and advocates who foresee many new opportunities now that hemp and its extracts are fully legal in the U.S.
- “Today history was made with the passage of the 2018 Farm Bill making hemp a fully legal agricultural crop,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “Once again, after an 80 plus year absence, American farmers have the opportunity to grow it. Our company, a pioneer in the hemp-based CBD industry, is especially excited to see what this could mean for the transformation of the American economy towards becoming more sustainable and renewable. We believe the legalization of hemp will eventually add over one million jobs and create percentage point additions to our Gross Domestic Output.”
- NORML Deputy Director Paul Armentano called attention to the momentousness of the U.S. government lifting its decades-long prohibition on domestic, commercial hemp production.
- “The significance of this law change should not be underemphasized,” Armentano said in a press release. “This law marks the first change in the federal classification of the cannabis plant since it was initially classified as a schedule I controlled substance by Congress in 1970, and paves the way for the first federally-sanctioned commercial hemp grows since World War II.”
Joy Beckerman, Board President of Hemp Industries Association, praised the passage of the bill and the new economic opportunities it offers for domestic farmers and U.S. businesses that will take advantage of the many uses of hemp.
- “After decades of commitment and hard work by revolutionary pioneers and advocates, legalization of the extraordinarily versatile hemp crop as an agricultural commodity is finally upon us. From dense nutrition, body care, and wellness, to paper, textiles, building materials, bioplastics, biofuel, and nanotechnology, hemp has arrived to reinvigorate American farms. We are now experiencing the historic ushering in of true agricultural and industrial revolutions in the United States, and the HIA is poised and ready for both!” Beckerman said in a statement.
The legalization of hemp is the culmination of years of advocacy by organizations like Vote Hemp. The non-profit organization has been working since 2000 to bring back hemp farming in the U.S.
- “This bill constitutes a momentous victory for the movement in support of hemp farming, and will have far-reaching positive impacts on rural economies and farming communities, increase availability of sustainable products for American consumers, and create new businesses and jobs in the hemp industry,” said Eric Steenstra, President of Vote Hemp.
- “Now that we have lifted federal prohibition on hemp farming, it’s time to invest our energy in expanding hemp cultivation and the market for hemp products across the country so that all can reap the benefits of this of this versatile, historic American crop,” he added.