Hemp Group Looks to Take Crop International, Montana Opens Hemp Marketplace: Week in Review

Montana has opened a new in-state Hemp Marketplace for buyers and sellers, mitigating the often complicated contract communication of this new industry.

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November 14, 2020

This week, the National Industrial Hemp Council announced details behind its international trade agreement with the USDA, which it will use to help market U.S. hemp in China and Europe. Meanwhile, Montana has established a new tool to help facilitate connections between hemp buyers and sellers.

Here are this week’s headlines you might have missed.

  • National: The National Industrial Hemp Council (NIHC) is eyeing Europe and China to apply its recently awarded $200,000 grant, which the organization will use to develop the research, relationships, and standards necessary to tap into the global hemp market. Read more

  • Kansas: When their contract with an industrial hemp processor fell through, the South Bend Industrial Hemp team decided to build their own fiber processing plant instead. Read more

  • Montana: The Montana Department of Agriculture has opened a new in-state Hemp Marketplace for buyers and sellers, mitigating the often complicated contract communication of this new industry. Read more

  • North Carolina: Avient Biosciences, a hemp researcher and extractor of hemp distillate, isolate, crude oil and other hemp-derived formulations, has partnered with Rymedi, a life sciences and healthcare technology company based in Greenville, S.C., to implement blockchain in its supply chain. Read more

  • Texas: Puration, a CBD beverage company, is evolving into a “lifestyle brand” using feedback from consumers and other industry stakeholders to inform and implement its transformation. Read more