Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary 

No Regulatory Pathway for Cannabinoids on Horizon

There will be no relief in the near term for large cannabinoid companies in the form of FDA regulations.  Most Hemp Bulletin readers are aware of the regulatory stalemate that has prevented cannabinoid markets – led by CBD – from achieving liftoff.  Small and large companies alike freely market CBD products now and go unmolested by FDA, unless they make unproven product claims. 

FDA’s enforcement action has focused on those that make unsubstantiated product health claims. They do a thorough job of scouring social media and website content of the offending companies to justify enforcement, some of which has included fines levied in the tens of thousands of dollars.  There is no indication of any systematic approach to enforcement, but they’re likely plucking the low hanging fruit that is blatant or recurring…

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04.26.2024

P66 Rodeo to begin producing SAF in Q3

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

04.26.2024

Porcine bloodmeal FOB Missouri River price drops week on week

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

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