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Weekly Hemp Recap

Chase Hubbard | 01.19.2021 | Jacobsen

Last Week’s Hemp Commentary

California and New York Grapple with Cannabis Policy

Adult use and medical cannabis are now generating over

Membership required to view content. in the US and generating hundreds of millions in tax revenues for states with legal cannabis programs. California’s adult use program likely surpassed $4 billion in 2020. Cannabis is big business in California, and hemp not only cuts into profits, but it also exposes the industry to considerable risk from cross-pollination. The issue of cross-pollination has yet to be confronted in California, or anywhere really. Current research may help guide policy, but it will take some years to develop intelligent regulations that allow both MJ and hemp to coexist in the field. Coexisting in markets in…

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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...

05.17.2024

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

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Weekly Hemp Recap

Last Week’s Hemp Commentary

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