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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.

Cannabis Companies can raise money using credit cards with KoreConX Technology

Whether these companies are using RegA+, RegCF or RegD, they are now able to accept investments via credit cards from investors using KoreConX All-In-One Platform, without the abusive high fees normally charged from companies in this sector

NEW YORK - KoreConX's innovative approach to the cannabis ecosystem enables companies to raise money by accepting credit cards. It sounds like a simple solution, but it can actually revolutionize how the sector operates. Using the exemptions of Regulation A+, Regulation CF or Regulation D, companies can easily turn their customers and brand advocates into shareholders.

KoreConX has enabled credit card acceptance and escrow providers in their platform, ending the issue of high fees that were traditionally charged from this sector due to a perceived higher risk and lack of nationwide legalization, especially in the USA. Although legal for medicinal and adult recreational use in some states, there are still obstacles that cannabis companies face regarding their capital needs.

Nonetheless, President Joe Biden's announcement that all federal convictions for simple marijuana possession were to be pardoned is a milestone in the continued growth of the cannabis sector. According to Grand View Research Institute, market size was valued at USD 13.2 billion in 2021 and USD 16.7 billion in 2022, with a revenue forecast of USD 102.2 billion for 2030, which would represent a compound annual growth rate (CAGR) of 25.5% from 2022 to 2030. 

Secure platform

Companies in the cannabis sector had found it difficult to raise capital in the traditional capital markets, making the private capital market a more viable option. KoreConX All-In-One Platform uses its proprietary solution based on blockchain - the KoreChain - to make transactions and shareholder management safe for investors and entrepreneurs.

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Pelican Delivers in talks with Tesla to create new Cannabis Delivery Vans

The collaboration would be the first of its kind in the history of the world.

BREMERTON - Pelican Delivers is thrilled to announce it is currently in talks with Tesla to create and produce vans specifically for delivering cannabis.

Pelican Delivers is the first and only, on-demand patented cannabis delivery service in the United States and Canada. The company collaborates with state/province-licensed cannabis stores to purchase products and then deliver them directly to the consumer, utilizing innovative technology to facilitate dynamic workflow of orders, real time lead generation for drivers, escrow, release and transfer of funds and authentication of customer identity prior to delivery. Pelican Delivers strives to always comply with both state/provincial laws and interstate commerce.

In the company’s most exciting news to date, Pelican Delivers is collaborating with renowned electric automotive company, Tesla, to design and manufacture delivery vans specifically created for delivering cannabis. The historical announcement comes at a time when electric vehicles are wildly sought-after for both individual and commercial use, and when cannabis use is at an all-time high.

“We couldn’t be more pumped about our concept of electric cannabis delivery vans,”
says founder and CEO of Pelican Delivers, Dave Comeau. “This is an idea we’ve had for some time, so to be in current talks with Tesla about our vision is such a humbling experience. We can’t wait to see what the final product will look (and drive) like.”

About Pelican Delivers

Founded by husband-and-wife team Dave & Tina Comeau in 2017, Pelican Delivers is an on-demand nationwide patented cannabis delivery service, which officially started in 2018. Prior to Pelican Delivers, Dave was the IT Supervisor at one of Washington State’s largest Tribal Casinos. Having gained this casino experience, Dave and his family opened the Ponderay Café & Casino in Bremerton WA, where he was the general manager. In 2010, Dave was a Medical Marijuana Grower and processor where he grew the business from one small tent in his garage to an 8,000 sqft warehouse. In 2016, Dave opened a chain of retail cannabis stores (Better Buds) in Washington State with annual revenue over 16 million.

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Beets and cauliflower: Cannabis-infused vegetables are weak competition to black market

Cannabis became legal in Canada four years ago, and while Quebec was slow to introduce edibles, a new selection of ready-to-eat pot-infused foods are now available.

The SQDC’s edible cannabis catalogue includes items like dried beets, cauliflower and figs – a notable departure from what consumers might expect to see at their local dispensary.

Unlike other provinces, which sell candy-like edibles, the sale of cannabis chocolates and gummies are off-limits in Quebec, because they could appeal to children.

But some fear that Quebec’s hesitancy to embrace candy and sweets-based edibles could backfire as weak competition to the black market.

“If we want to kill the black market, we do have to offer the consumer what they want,” said Pierre Leclerc, CEO of the Quebec Cannabis Industry Association.

He says that the SQDC’s collection simply can’t stand up to what might be offered on the street, or in other provinces.

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Medical Marijuana could help end the opioid crisis, study says

AVALON - A new report out of Florida argues medical marijuana can contribute mightily to ending the U.S. opioid crisis.

Researchers believe medicinal cannabis can serve as a viable pain management alternative to opioids. After surveying thousands of people, study authors report patients using medical marijuana were in less pain and functioned better both physically and socially.

Additionally, and perhaps most importantly, the study also notes the majority of those who took oxycodone, codeine, or another opioid for pain were able to stop or reduce their opioid use by switching to medical cannabis.

Overall, scientists from Emerald Coast Research, a contract research organization based out of Florida, and Florida State University College of Medicine say their findings indicate medical cannabis can potentially reduce opioid use in certain individuals under proper medical supervision. While more research is necessary, medical cannabis may be a powerful asset in the fight against the opioid epidemic.

Opioid addiction is only getting worse worldwide

The ongoing drug crisis has been a national problem for over a decade, but COVID-19 only made matters worse. In 2020, preventable opioid-related deaths increased by over 40 percent. Bigger picture, drug overdose deaths tied to opioids (including non-prescription drugs such as heroin) have increased more than eight-fold since 1999. Officials have connected over 550,000 U.S. deaths to opioids during that time (1999-2020).

Opioids are certainly good at suppressing pain, but that effect is highly addictive. While the U.S. may be the “epicenter” of the opioid crisis, it’s hardly exclusive to North America. Opioids are a worsening public health issue in numerous countries including Sweden, Australia, and the United Kingdom.

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Delta-8, Delta-9, and Delta-10: How do they tie into the Cannabis debate?

NASHVILLE - LabCanna sells several THC products in Nashville, like Delta-8, Delta-9 and Delta-10.

THC, or tetrahydrocannabinol, is a substance derived from the cannabis plant that primarily attributes to the “high” feeling when consumed in a product.

Delta-9 THC is the cannabinoid most associated with cannabis while Delta-8 and Delta-10 are essentially the less-potent cousins of Delta-9.

“Delta-8, a little bit less, is about 70% as potent as Delta-9,” LabCanna CEO Derek Besenius said. “Then Delta-10 leans more toward the energy, creative, focus side of things.”

Delta-8 and Delta-10 are legal federally, but Delta-9 is not if the plant it’s harvested from has over 0.3% of the isomer. If there is a plant that is over that threshold in Tennessee, legally, it must be destroyed.

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Denver proposes using Marijuana sales tax to create $15M fund for startups

Under the proposal, the city would obligate 1% of marijuana sales tax dollars to grow the fund.

If approved, the fund would be named for Herman Malone, a longtime minority business activist in Denver who died last year.

Denver Mayor Michael Hancock and the Denver Economic Development & Opportunity department are proposing the creation of a $15 million investment fund for minority- and women-led startups, which would be created using marijuana sales tax dollars. 

The city officially announced the proposal Wednesday and said the investment program would be named the Malone Fund after Herman Malone, a longtime minority business activist in Denver who died last year.

Under the proposal, the city would obligate 1% of marijuana sales tax dollars to grow the fund. The creation of the fund must be decided on by the Denver City Council, which is expected to vote on the issue this month.

If approved, the fund would become Denver's first equity-focused investment tool designed specifically to level the playing field for minority- and women-owned small businesses, the city said.

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Cannabis Products Global Market estimated to grow at 23% rate

LONDON - As per The Business Research Company's "Cannabis Products Global Market Report 2022”, the cannabis products market is expected to grow from $28.0 billion in 2021 to $35.0 billion in 2022 at a compound annual growth rate (CAGR) of 25.0%.

The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

The cannabis products market is expected to reach $80.0 billion in 2026 at a CAGR of 23.0%. The growing applications of cannabis in the medical field is an important driver for the cannabis products market.

Key Trends In The Cannabis Products Market

Solar cannabis cultivation is an emerging trend in the cannabis products market. As cannabis cultivation requires a large amount of energy for lighting, heating, air-conditioning, and dehumidification systems, cannabis products manufacturing companies are investing in solar cannabis cultivation.

Overview Of The Cannabis Products Market

The cannabis products market consists of sales of cannabis products and related services. Cannabis is a psychoactive drug which is obtained from the cannabis plant of the cannabaceae family. Cannabis can be used for the treatment of various diseases such as chronic pain, cancer pain, depression, anxiety disorders, sleep disturbances and neurological disorders.

Cannabis Products Global Market Report 2022 from TBRC covers the following information:
Market Size Data
• Forecast period: Historical and Future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
• By Product Type: Flower, Concentrates, Others
• By Usage: Medical, Recreational
• By Compound: THC-Dominant, CBD-Dominant, Balanced THC and CBD
• By Route of Administration: Oral Solutions and Capsules, Smoking, Vaporizers, Topicals, Others
• By Geography: The global cannabis products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.

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Cannabis ETFs Soar After Biden Pardon

Cannabis-related exchange-traded funds and stocks were lifted this week after President Biden’s pardon on Thursday of those convicted of simple marijuana possession.

The president also called for a review of how marijuana is categorized under federal law, with the moves boosting speculation that a loosening of cannabis restrictions is on the horizon.

Cannabis ETFs offering exposure to the industry in the U.S. have been beaten down badly over the past few years as the industry takes longer than anticipated to develop. Still, they had record gains Thursday after President Biden’s announcement.

The AdvisorShares Pure US Cannabis ETF (MSOS), the first and biggest ETF offering exposure to the U.S. market, gained 33% Thursday. The ETFMG Alternative Harvest ETF (MJ) added 20% and the ETFMG U.S. Alternative Harvest ETF (MJUS) rose by 26%. The ETFs rose again earlier Friday before coming down from their highs.

Additionally, shares of cannabis companies such as Canopy Growth Co. and Tilray Brands Inc., which maintain the first- and fourth-largest holdings in MJ, also jumped by approximately 22% and 33%, respectively.

“President Biden’s announcement is obviously tremendously uplifting for the industry,” Jason Wilson, cannabis research and banking expert at ETF Managers Group, told ETF.com in an interview.

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SEC Charges Eight In Cannabis Stock Promotion Scheme

Elegance Brands, Emerald Health Pharmaceutical, and High Times are the stocks included in the stock promotion scheme.

The Securities and Exchange Commission announced on September 30 that it had charged eight in a stock promotion scheme that included promoting Emerald Health Pharmaceuticals and High Times Holdings stocks. The SEC says investors purchased $80 million of securities following the promotions. The individuals received payments based on the number of securities sold.

The SEC’s announcement attached the legal complaint that alleged recidivist securities law violator Jonathan William Mikula promoted the securities of four issuers Elegance Brands Inc. (now Sway Energy Corp.), Emerald Health Pharmaceuticals Inc., Hightimes Holding Corp., and Cloudastructure Inc. without disclosing that he received compensation for the promotions. Mikula is alleged to have promoted the securities through Palm Beach Venture, a newsletter for which he served as an author and chief analyst, and presented the recommendations as unbiased and not paid for, while he was secretly compensated in the form of cash and lavish expenses.

In addition to Mikula, the SEC’s complaint also charged Christian Fernandez and Amit Raj Beri, associates of Mikula’s, who allegedly acted as middlemen for the promotional scheme. The gentlemen earned millions of dollars off the promotions but hid the payments by submitting fake invoices for consulting services. Beri in particular acted as the middle man for the cannabis companies Emerald Health and HighTimes. High Times was not charged.

Elegance Brands

Beri also was listed as the CEO and CFO in various SEC filings of the company called Elegance Brands, which produced a product called Gorilla Hemp. Elegance was approved by the SEC for a Reg A offering but after nine months had raised less than a million dollars. When it was decided to promote Elegance through the Palm Beach Ventures newsletter, Beri made changes to the offering but did not prepare a new offering statement with the SEC. Thus any securities sold after that point were considered unregistered. The complaint stated, “At Mikula’s urging, and in order to “facilitate” the promotion, Elegance agreed to engage Individual 1, an associate of Mikula’s, and pay him 3% of investor funds raised through the promotion and provide him with 8.9 million shares of Elegance’s stock, which amounted to 10% of the company’s outstanding stock.”

The complaint said that the newsletter published an article stating that Gorilla Hemp was retailing for $3.95 a can; that Gorilla Hemp could yield Elegance a 2,630% price increase; that Elegance had distribution agreements in place for Gorilla Hemp with the largest adult beverage distributor in the United States; and that Elegance’s share price was projected to increase by 9,900% in five years.

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Amazon, Supporter of Cannabis Reform, Continues To Ban Grinders

Grinder sellers are tired of getting dropped after being flagged by Amazon algorithms.

On one hand Amazon, the world’s largest retailer, openly supports specific pieces of cannabis legislation for reform and allows unregulated employees to consume cannabis on their own time. But on the other hand, harmless accessories like grinders are inconsistently flagged and banned from the platform, sending mixed messages, as Harris-Bricken’s Canna Law Blog pointed out.

Arnold Marcus, 68, who operated the vendor Golden Gate Grinders on Amazon, detailed to The Seattle Times how his cannabis grinder listings were suddenly flagged as a violation of company policy prohibiting the sale of drugs and drug paraphernalia, after he built his business up for nearly 10 years. Losing Amazon seller account privileges is like the kiss of death, given how much success depends upon e-sales nowadays.

Most of us are familiar with the legal games vendors play: Just as cannabis pipe sellers have to disguise their wares with the meaningless phrase “For Tobacco Use Only,” Amazon weed grinder sellers have to list them as “spice grinders” or as vague “herb grinders.”

For nine years, Marcus operated on Amazon without incident. It was his livelihood. Adding to Marcus’s success on Amazon, the platform even invited him to join the Amazon Accelerator program, which could lead to him becoming a supplier for Amazon’s private label.

“There was no indication in all those years that this is a prohibited product,” Marcus said. “One day, they were supporting me and then one day it ended.”

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Study: Hemp-Derived CBD Gel Caps Effective in Older Patients with Spinal Stenosis

PHILADELPHIA - Older patients with lower back and leg pain due to chronic spinal stenosis experience statistically significant improvements following the use of hemp-derived CBD gel caps, according to data published in the journal Cureus. 

Researchers affiliated with Thomas Jefferson University in Philadelphia assessed the efficacy of the twice-daily administration of hemp-derived CBD gel caps (15mgs) in a cohort of 48 patients (mean age: 75) with spinal stenosis.

Investigators reported that patients averaged a nearly two-point decrease in their pain scores (on an 11-point scale) during the trial period. Authors also reported improvements in patients’ appetite, sleep quality, and overall quality of life. Trial participants did not acknowledge any adverse side effects from CBD therapy.

“This open-label, prospective, observational study found that treatment with hemp-derived CBD gel caps was associated with significant improvements in pain scores and several quality-of-life measures,” they concluded. “CBD gel caps were not associated with any adverse effects. Using CBD to help alleviate pain in spinal stenosis is supported by the evidence in this study.”

Previous studies have reported reduced analgesia and prescription opioid use in patients using either CBD-rich gel caps or topical creams.

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New cannabis law presents opportunities, challenges for Farms

Thanks to a significant change in the law, the Eden Prairie-based Peterson Farms can now add THC-infused food and beverages to Verist, its full line of farm-crafted CBD remedies.      

This new law took effect on Aug. 1 and allows the sale and consumption of certain THC-edible products to those age 21 and older. The product must contain no more than five milligrams of THC in a single serving and no more than 50 milligrams of THC per package.

The Petersons maintain their vertical or “farm to table” business model with Verist. They grow the hemp, harvest it, turn it into finished consumer products and sell those products to retailers and consumers.

I recently had a conversation with fourth-generation owners and managers Aaron and Nicola Peterson about what the new law means to their CBD business. They explained to me that the new Minnesota law provides them with new opportunities but also new challenges.  

Benefits

According to Aaron and Nicola, the new law solves two important problems: It removes a confusing and, in their view, an unnecessary distinction about what type of THC is legal, and now it is legal to sell consumable CBD products.

The new law no longer makes a distinction between specific types of THC. Because of a previous loophole in federal law, Delta-8 THC was legal and Delta-9 THC was not. Delta-8 THC was generally considered beneficial because of its alleged medicinal properties, and Delta-9 THC was best known for its psychoactive properties. Under the new law, Delta-8 THC products previously unrestricted due to a federal loophole are now subject to Minnesota’s five-milligram serving limit. Also, the new law now makes it legal for the first time in Minnesota to produce and sell products containing Delta-9 THC.   

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Biden offers pardons for pot possession, signals deeper reform for U.S. Cannabis laws

Biden offers pardons for pot possession, signals deeper reform for U.S. cannabis laws.

WASHINGTON - President Joe Biden is pardoning people convicted under federal law of possessing marijuana — and signalling that he’s willing to revisit whether cannabis should remain a controlled substance in the United States.

In a pre-recorded video released unexpectedly Thursday by the White House, Biden announced three key steps that he is taking “to end this failed approach” to cannabis laws in the U.S.

In addition to the pardons, which could affect more than 6,500 people with federal convictions, Biden said he wants governors to consider a similar move at the state level, where the numbers are vastly higher.

But it’s the third step that could prove the most seismic: an administrative review of why cannabis remains a so-called Schedule 1 substance in the U.S., a classification that includes harder drugs like heroin and LSD.

“I am asking the secretary of health and human services and the attorney general to initiate the administrative process to review expeditiously how marijuana is scheduled under federal law,” Biden said.

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How much legal marijuana tax money are Ohio and West Virginia leaving on the table?

Last week, President Joe Biden pardoned thousands of people with Federal offenses for marijuana possession, reigniting the conversation around marijuana legalization.

A finance website called The Motley Fool recently released a report on state tax revenue from legalized recreational weed. In total, all states took in $10.4 billion, not including medical marijuana. They also estimated what states without legal weed are leaving on the table, and how likely legalization might be.

The totals were based on an estimate of potential adults that would use the product, three years post-state legalization. Because of this, the estimated tax totals could be high or low.
For Ohio, they estimate approximately $220 million, with West Virginia at just over $38 million.

“West Virginia has favorable banking laws for example, that make it easier for financial institutions to do business with marijuana companies than other states. So we looked at things like that when we were kind of looking at what states stand the most to benefit from Federal legalization, and West Virginia already has a lot of those in place.” MATT FRANKEL, CERTIFIED FINANCIAL PLANNER AT THE MOTLEY FOOL

Frankel believes the most likely route for recreational marijuana legalization in West Virginia will ultimately be through the federal government legalizing it first.

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Hemp fiber manufacturer secures funding

VICTORIA – Canadian textile manufacturer Bast Fibre Technologies (BFT) says it’s secured “major strategic financing” from cleantech investment company Ahlström Capital. 

BFT has not disclosed the sum to which it’s being funded by the Finnish venture capital firm, but it’s indicated that it will help facilitate the expansion of its manufacturing capacity at both its sites in North Carolina and Düsseldorf.

“The market for natural fibres is set for rapid growth, and this highly strategic funding will help BFT to solidify its position and further accelerate its expansion to meet the increasing demand for tree-free, plastic-free fibres,” noted Jim Posa, BFT’s chief executive. 

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CBD-based bioplastic material could one day be used in Medical Implants and Food Wrappers

With the legalization of hemp cultivation, products containing cannabidiol (CBD) have become popular.

Many of these oils and creams claim to alleviate pain and other conditions, and now, new research reported in ACS Applied Materials & Interfaces suggests that CBD could have another function: as a bioplastic.

The research team created a CBD-based bioplastic material that could one day be used in medical implants, food wrappers and more.

Cannabis (Cannabis sativa) is well known for the euphoric "high" it gives users, caused by a chemical called tetrahydrocannabinol (THC). Another component, CBD, is responsible for feelings of relaxation and calmness, but unlike THC, it doesn't produce a high.

In hemp plants bred to contain little-to-no THC, CBD can make up to 20% of the plant's weight. Because it's now federally legal in the U.S. to grow hemp, the price of CBD has dropped dramatically, opening up the possibility of using CBD in other applications.

In recent years, the bioplastic called poly(lactic acid), or PLA, has become a popular option for sustainable plastics because it's made from corn and sugarcane instead of fossil fuels, and can be industrially composted.

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Amazon still says no to drugs, and is booting Marijuana Businesses

For nine years, Arnold Marcus had been making a living selling spice grinders on Amazon.

His company, Golden Gate Grinders, had several colors available, repeat customers and an invitation to join the Amazon Accelerator program, a path toward becoming a supplier for Amazon's private label. Marcus, 68, would package orders and take customers' calls from his living room in San Francisco, proud that he was involved in every aspect of the business he built.

That changed overnight last year when Amazon removed his listings, flagging his products as a violation of company policy prohibiting the sale of drugs and drug paraphernalia. For the uninitiated, a grinder can be used for spices like oregano or rosemary, or for weed.

Marcus spent months fighting his ejection from Amazon's online marketplace, to no avail.

"There was no indication in all those years that this is a prohibited product," Marcus said this summer. "One day, they were supporting me and then one day it ended."

Amazon says its guidelines around drugs and drug paraphernalia are longstanding and state that products can't be primarily designed for making, preparing or using a controlled substance. Grinders that are equipped with features specifically for marijuana-related use are not allowed on the platform.

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420 Finder launches a new platform to help Cannabis users and Businesses connect Safely

he 420 Finder team has been supporting cannabis businesses for years, and the launch of the platform shows it.

WASHINGTON D.C. - As cannabis legalization continues to happen per state, 420 Finder, a leading cannabis technology company, is excited to announce the launch of its revolutionary new, sharply designed platform that connects cannabis users with local businesses safely.

Underpinned by years of national industry expertise, 420 Finder is an intuitive and flexible solution that focuses on helping local cannabis businesses connect with consumers, operate more efficiently, and create superior customer experiences.

"Many assume the plant sells itself, but it's not so simple for legal local businesses. The industry remains a highly regulated environment with an influx of challenges and increasing competition. With 420 Finder, cannabis users can find local businesses and connect safely," said Brad Overton, Director of Operations at 420 Finder.

420 Finder offers free accounts and free online ordering for all its Customers. For businesses, they offer online ordering with all memberships and opportunities for businesses to increase their exposure. The 420 Finder team has been supporting cannabis businesses for years, and the platform's launch shows it. They have used their experience to make the platform intuitive and easy to use. It eliminates redundancy and streamlines the process of getting cannabis to users as fast as possible. Most importantly, it creates a fun and interactive way for users to discover new businesses and deals in their area.

"We're here to power the upcoming explosion of innovative retail experiences that sustain healthy cannabis businesses and keep customers returning for more," he adds.

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Proposal for Marijuana Cigarette manufacturing unravels at Vineland zoning hearing

VINELAND - The city has turned away a proposal for manufacturing marijuana cigarettes at a property on North Delsea Drive.

The proposal rested on getting a use variance from the local cannabis zoning ordinance, since the site has a house on it and regulations prohibit a house sharing a lot with any cannabis operation.

Zoning Board members unanimously rejected the idea at a hearing Wednesday night.

“I don’t believe that a residential use on this type of property based on the city’s creation of regulations is appropriate,” Chairman George LoBiondo said. “I don’t think the application would have been approved without a site plan, even if there wasn’t a residential use.”

The idea was not popular with neighbors who spoke at the public hearing, either.

In testimony, applicant Anthony Copernico said he and a partner, Allen Lemmerman, had an option to lease 3680 N. Delsea Drive.

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Hemp needs more Regulatory Certainty

It wasn't that long ago that advocates were promoting hemp as the crop that would save agriculture, promising unprecedented profits.

On paper the prospects are bright. CBD, processed from hemp, is seen by many as a magic elixir for health and beauty aids. A variety of products can be manufactured from the plant's fibers.

But in just four years the crop has gone from boon to bust, thanks to overproduction and a federal regulatory scheme that has made processors wary of developing new hemp-related products.

Oregon growers can attest to the crop's change in fortune.

Acreage in the state soared after Congress legalized hemp in 2018. Growers planted nearly 64,000 acres in 2019, a more than fivefold increase from 2018.

Farmers accustomed to earning a few hundred dollars per acre were inspired to switch to hemp after hearing about others earning $50,000 per acre in revenues from hemp.

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