Most readers are likely aware that MJ companies are not eligible for proceeds from the Cares Act. MJ is only legal on a state by state basis, but federally illegal, and therefore not eligible for government support. Hemp’s historical ties to marijuana have created serious headwinds for the fledgling industry. Hemp farmers were forced to obtain a DEA permit to import seeds just one year ago.
Policy has done much to separate hemp from MJ, as witnessed with the policy changes following the Big Sky trucking case in Idaho. Idaho prosecutors have strict interpretations of already strict MJ laws in the state. Within weeks of the IFR release by the USDA, Idaho Governor Brad Little issued an executive order outlining requirements for transporting hemp through the state.
Banking was also supposed to adjust to the new legal…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...