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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...