Last Week’s Hemp Commentary
Class Action Suit Alleges Products were not Hemp
As various state legislatures aggressively pursue bans for hemp-derived cannabinoids, a class-action federal racketeering suit was filed in the northern district of Georgia against a dozen California cannabis entities. Plaintiff-lead Hannah Ledbetter claims she was misled by defendants that the products she was purchasing were legal hemp-derived products when they were actually marijuana products.
“Defendants have conspired to import, manufacture, distribute, and possess illegal (delta-8) THC vape pens that are marijuana” and not hemp under federal law, the suit charges. “This scheme could only be accomplished through a pattern of racketeering activity.”
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...