05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Last Week’s Hemp Commentary
Ecofibre
Just when we wondered if Senate Majority Leader Mitch McConnell (R-KY) had abandoned hemp, he’s proven he’s still in the game, despite what he calls the “speed bumps”, that are declining hemp prices. McConnell toured the EcoFibre facility in Georgetown, Kentucky last week. The 50,000 ft2 LEED certified building opened in July at a cost of $16 million and employs 75 people. The Australia based company is involved in every segment of the hemp industry, with separate divisions for each segment.
Ananda Hemp is their cannabinoid division, selling hemp derived extracts to the US market, with a separate wholesale division, Ananda Professional, catering to independent pharmacy chains in the US. Ananda Foods is the hempseed-based division,…