Hemp Banking
Banking issues for hemp businesses surfaced again, when federal CARES Act funds arrived on the scene in response to the economic disaster unfolding worldwide. Hemp companies that were prepared for swiftly accessing SBA Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) funds had existing relationships with banks, some modicum of best practices in their operational plans, and essential financial documents at their fingertips. This is the minority of small hemp businesses, of which many are operated by first-time entrepreneurs, and virtually none of which were developed with conventional bank finance.
The challenges hemp companies encountered with access to funding, along with similar challenges found in the federally…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...