Without any meaningful action on the part of the FDA to regulate cannabinoids, states have filled the vacuum with their own policies. There is no consistency from state to state for the few that explicitly allow CBD in various products, but more states have enacted statues to set some “guard rails” – as advisor to Governor Andrew Cuomo (D-NY), Axel Bernabe notes – for the developing industry, which sits at the intersection of agriculture, health and wellness, food, and manufacturing. Long-term, policy structure that protects and fosters growth as part of its aim will buoy hemp markets and help stabilize hemp prices.
Bernabe has been intimately involved in pan-cannabis issues and has enthusiastically driven the process in New York to address the explosive hemp sector from a policy position. Hemp is all of the other cannabinoids…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...