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.
Hemp flower bans are emerging in a number of states, including many of the new hemp farming states coming online in 2020, like Georgia, Texas, Louisiana. Now Iowa has joined the ranks of states that have banned smokable hemp, for the same reasons as other state governments. It is perceived as essentially legalizing MJ. Georgia law enforcement made news in the fall when they stopped citing citizens for small amounts of smokable cannabis. This was very controversial there and the legislature has intervened. Iowa’s new rules impose penalties and restrictions on any harvested hemp used for inhalation such as cigarettes, vaporizers and flower. Stores caught selling smokable hemp products and consumers found using them could face prosecution, including up to a year of jail time and a fine of $315-$1,875.
South Carolina simply began enforcing a ban…