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Author: texashempreporter

The Texas Green Machine


Texas Hemp Reporter recently wrapped a new delivery vehicle for making deliveries, attending special events and producing live remote podcasts at CBD business’. Another goal is to be present at events at the State Capitol for legislative activism, Cannabis events and to further marketing awareness about the Texas Hemp Reporter in the hemp and cannabis space.

What is The Texas Hemp Show ?

The Texas Hemp Show is the official podcast for the Texas Hemp Reporter Magazine: The Texas Hemp Show is recorded every Wednesday at from 6 -7pm and is released each Friday. For news and the latest information on the growing Hemp & Cannabis industry in the Lone Star State subscribe to our magazine the Texas Hemp Reporter online and follow us wherever podcasts are available.

If you are interested in having a Podcast of the Texas Hemp Show in your Event or Business contact the Texas Hemp Reporter.

Keep an eye out on the road for the Texas Green Machine and be sure to Honk at us for Legal Cannabis!

Russell profiling Tejas Tonic water on the Texas Hemp Show Podcast with Aaron Ownens at Tejas Hemp

Podcast# 117 Clay Moore Texas A&M Hemp Breeding Program

Clay Moore: Undergraduate Researcher | Hemp Breeding 
& Genetics Cannabis Hemp Innovation League  |  Texas A&M University/

Clay talks with us about his research in this Hemp Sciences at TAMU.
He also contributes to the magazine with a few articles a month.

What is The Texas Hemp Show ?

The Texas Hemp Show is the official podcast for the Texas Hemp Reporter Magazine: The Texas Hemp Show is recorded every Thursday at from 6 -7pm and is released each Friday. For news and the latest information on the growing Hemp & Cannabis industry in the Lone Star State subscribe to our magazine the Texas Hemp Reporter online and follow us wherever podcasts are available.

Pharmacology University and ZAR Wellness have co-authored the Tim Timmons Compassionate
Care Act

HOUSTON, TX, March 5th, 2023 -Pharmacology University and ZAR Wellness is currently
contacting Texas legislators to get its medical cannabis Bill sponsored and presented during this
legislative session. Contrary to the current cannabis laws of the state of Texas, this proposal would
add the following medical conditions:
• Cancer
• AIDS and Human immunodeficiency viruses (HIV)
• Multiple Sclerosis
• Epilepsy or other seizure disorders
• Glaucoma
• Alzheimer
• Autism
• Incurable neurodegenerative diseases
• Parkinson’s Disease
• Crohn’s Disease
• Fibromyalgia
• Inflammatory Bowel Disease or Ulcerative Colitis
• Substance Use Disorder (SUD)
• Hepatitis C with debilitating nausea or intractable pain unrelieved by standard treatments or
• Anxiety disorders, including anorexia, muscle spasms, spasticity, sleep disorders, and obesity.
• Post-traumatic stress disorder

• Intractable pain, unrelieved by standard medical treatments and medications endometriosis,
traumatic brain injury, migraine headaches and tension headaches, rheumatoid arthritis,
degenerative disc disease, central pain syndrome and neuropathic pain.

“Though we are incredibly grateful to our Texas legislators for providing cannabis laws allowing
some Texas patients to be able to receive cannabis medication for their illnesses, we cannot ignore
the fact that the law in its present form is definitely not working” says Anne Graham, Legal
Counsel for Pharmacology.

The Bill also segregates the licenses into different categories, if passed the law would create four
different licenses: manufacturing, growing, research and a dispensary license. This would help
diversify the industry as it would be easier for new actors to participate in the market with a smaller

In conclusion, the Bill is filthy rich with ideas that could help millions of people/patients in the
state of Texas, create a great amount of employment, small business opportunities, involve minorities and expand medical research possibilities. It’s time for Texas to medically and scientifically lead the nation with alternative medication in an honest and reputable process, the way Texas is accustomed to be: #1 and Texans are ready for proper leadership and big change.

For more information please contact:
Dante Picazo, CEO (214) 733-0868
Anne Graham (832) 548 5857
[email protected]

Texas Gives Nod to Hempseed Feed for Horses and Chickens

News Provided By SLV Hemp | February 22, 2023

Landmark memorandums from The Office of the Texas State Chemist, issued in January 2023, set the stage for Hempseed Oil & Meal to go to market.

DEL NORTE, CO, UNITED STATES, February 16, 2023 / — Texas became the third state to approve Hempseed Oil and Hempseed Meal as feed, launching what is expected to become a highly lucrative market segment for hemp growers, processors, distributors, and retail channels.

“The hemp seeds when made into feeds, support animal health with a naturally available plant-based protein that includes all 20 amino acids, plus Omega 3, 6, 9 & GLA fatty acids,” says Monte Robertson, owner of SLV Hemp in Colorado. “We’re honored to supply hempseed feed over the years to support the research trials for rabbits, horses, chickens, and rough stock bucking bulls at Tarleton State University (TSU) and the swine trials at Texas A & M University (A&M) that prove it. This historic decision in Texas will help unlock many large markets – paving the way for wider use of hempseed feeds in the US and throughout the world.”

In the Feed and Fertilizer Control Services (FFCS) Memorandum NO. 5-35 and FFCS Memorandum NO. 5-36, Hempseed Oil and Hempseed Meal, Mechanically Extracted, are the new ingredients approved in Texas as source nutrients in the diets of foals, mares, breeding and maintenance horses as well as for broilers, layers and breeder chickens.

The important FFCS memorandums are expected to accelerate the adoption of both these ingredients. Tests to define labeling, stability and shelf-life of these products are moving forward.

Graduate students from TSU and Texas A&M University started looking at Hemp Feed products from SLV Hemp to support their trials in the summer of 2020. It took a wide range of people and companies contributing over the years to make this approval happen.

The Colorado certified seed for the trials was donated by International Hemp, and was processed by SLV Hemp in Del Norte, Colorado. SLV Hemp has processed approximately 10 tons of finished products for the Texas universities’ trials to date. It is important to note the feed is made from well-cleaned Hemp seeds, not the greenery part of the plant that contains the higher levels of cannabinoids.

LMike Smith, a former rodeo professional and current Texas Realtor, generously contributed by making introductions between key researchers and hemp industry resources. To assist in reducing transportation costs and avoid delays, Smith also transported the processed Hemp Feed from Colorado to Texas for the A&M and some of the TSU trials.

“Our goal is to help educate the ag industry and expand availability of hemp feed processing plants for local markets across the country,” says Robertson. “We are genuinely excited about the ground-breaking progress by the universities in Texas.”

For more information contact: Monte Robertson, SLV Hemp, [email protected] , (719) 299-5000

#HempFeed #HempSeedProcessing #HempOil

About the Office of the Texas State Chemist
The Texas Feed and Fertilizer Control Services (FFCS) of the Office of the Texas State Chemist regulates the manufacture, distribution and sale of feed ingredients and feed. Texas Commercial Feed Control Act §141.008 authorizes to FFCS approve new ingredient definitions for hemp in commercial feed: Hempseed Meal and Hempseed Oil, Mechanically Extracted, are new ingredients for use as a source of nutrients in the diets of foal, mare, breeding and maintenance horses and for broiler, layer and breeder chickens.

About SLV Hemp
The San Luis Valley Hemp Company® (SLV Hemp ) specializes in processing Hemp feed and oil products at their facility in Del Norte, Colorado. They advocate education in all aspects of the Hemp industry, and provide consulting based on lessons learned since 2014.

About International Hemp

International Hemp provides certified seed and cultivation advise to farmers across the country interested in growing Hemp for both the grain and fiber markets.

Press Contact: Monte Robertson, SLV Hemp, [email protected] , (719) 299-5000

Monte Robertson
SLV Hemp
+1 719-299-5000

Sky to Soil Solutions

A 2 Part Series: Weather Modification, & Soil & Water Support
for Ranch/Ag, Conservation & Fire Protection. January 19 & 26, 2023 ~ 3:00 – 4:30 PM – CST

Miles Research: Advanced Weather Modification for TX 1.19.23

Click here to register:


Sky to Soil: 2 part zoom series on mid-to-large scale solutions related to weather and soil
About: From farms, to forests, to coastlines, current extreme weather events are impacting our
food and eco systems. This is taking a dramatic toll the lives and livelihoods of those who work
as America’s food and ecosystem, producers and protectors. CEOs of two of the most remarkable
environmental companies to date – David Miles (Miles Research/Atmospherica), and
James Gaspard (Biochar Now) – will be providing information on advanced weather modification
and severe weather protection – and – the benefits, uses, and funding, available for biochar.

Sky- beginning January 19, 2023 – 3:00 pm CST/1:00 pm PST (1.5 hr)
Miles Research/Atmospherica: Mid-scale Advanced Weather Modification Attendees will
learn about the range of advanced weather modification solutions (allevi- ation of extreme
drought/wildfire/tornadic events, flooding and more); including:
• overview of technology
• examples of successful projects
• timeline
• cost
• benefits and ROI
• Texas regulation and licensing


January 26, 2023 – 3:00 pm CST / 1:00 pm PST (1.5 hr)
Biochar Now: Biochar for use in agriculture, feed, wild lands, wetlands, and car- bon credit.
Attendees will learn about the scope of uses, benefits and effectiveness, and funding available
for various projects.
• agriculture/soil/water/wild lands uses
• grants
• costs and ROI • grants
For more information, or to register, contact Nikki Florio: [email protected]

Podcast # 107

Listen to the Show Here.

Texas TRU Distribution is a local distributor that features Craft and Organic spirits and our
services include importing/warehousing and logistics. Founded in 2010, our goal is to focus
on the growth and development of quality products in the state of Texas.

We also talk about the new car we are offering around town for Live Remote Recordings.

What is The Texas Hemp Show ?

The Texas Hemp Show is the official podcast for the Texas Hemp Reporter Magazine: The Texas Hemp Show is recorded every Wednesday at from 6 -7pm and is released each Friday. For news and the latest information on the growing Hemp & Cannabis industry in the Lone Star State subscribe to our magazine the Texas Hemp Reporter online and follow us wherever podcasts are available.

Live from the Texas Hemp Summit

The Texas Hemp Reporter magazine and the Texas Hemp Show are a proud media sponsor for the Texas Hemp Summit Nov 11th – 12th at the Texas A&M Agrilife Center in College Station.

Many guest speakers talked on Hemp, Genetics, testing, media, farming, marketing and other panels. Hosted by the Texas Hemp Coalition the first annual event has been a successful gathering of industry leaders and those in the rising cannabis industry in the Lone Star State.

The newly elected Texas AG Commissioner now serving in his third term; Sid Miller was the Keynote speaker on Saturday and discussed the possibility of the future industrial Hemp in Texas as well as the rise in American companies going green with electric cars, sustainable energy and sustainable development in farming in the coming years. Industrial Hemp will hopefully pick up the pace in emerging technologies in science especially in construction and building one panel shared on Friday with a focus on Building with Hemp.

Veterans in Hemp also shared a panel on Friday as well as the panel hosted by Dr Russell Jessup who runs the Hemp breeding program at Texas A&M University. Several of the grad students spoke on genetic programs and research into hybridization of Cannabis in interbreeding among the types of strains.

In all, the event is a great success and will explore more opportunities for Hemp in Texas. We are members of the Texas Hemp Coalition ourselves and also encourage you to consider a membership of you have interest in participating in the Blooming cannabis space in Texas.

for mmore information about the event and the Texas Hemp Coalition visit them online at

MJ Monthly available in NM & OK

The Texas Hemp Reporter recently returned from our New Mexico trip to the Lucky Leaf Expo in Albuquerque and we left a few gifts to our fellow neighbors there. MJ Monthly is the Texas Hemp Reporter magazine with a different cover in the Land of Enchantment and now recreational Cannabis.

We often are reporting on activities in both Oklahoma and New Mexico with regards to their growing medical program in OK. as well as the successful recreational market in NM since April 1st 2022. We have been printing our publication in the last 12 months in Sante Fe and this has gained interest with our printing partners there, and they have been asking when we would like to make plans for distribution in New Mexico. So given the history with Chad and his Lucky Leaf Expo’s that we’ve attended , we decided to launch the TX Hemp Reporter sister brand at the Albuquerque event last weekend.

We have partnered with Moo Publishing in New Mexico to handle distribution in Sante Fe , Las Cruces, Albuquerque & El Paso & Tactical Transportation in Oklahoma to handle our distribution in Oklahoma City & Tulsa. Moo recently delivered the current issue to more than 200 cannabis dispensaries and smoke shops around New Mexico. The footprint represents three of the states largest four grossing revenue markets for cannabis sales. We are only missing Hobbs which comes in 4th in New Mexico in gross cannabis sales, likely to its close proximity to neighboring Texas cities like Odessa, Big Spring, Midland and Lubbock.

The advertising pricing is the exact same pricing as the Texas Hemp Reporter Magazine. In fact, for now . . All advertisers are sharing the the same publications real estate, so both Texas , OK, and New Mexico readers will enjoy the same content, news & advertisers for the time being.

MJ Weekly News is a forthcoming podcast / radio show that Patriot Media Group will produce covering cannabis news for the Southwest US cannabis markets. The sister website will also be in the coming weeks for the NM & OK reading audience or both sites will mirror each other similarly.

December Cover New Mexico & Oklahoma.

So just to recap, MJ Monthly is also available in New Mexico & Oklahoma & in Texas as “The Texas Hemp Reporter” your neighbor states of Texas also receives MJ monthly and our advertisers and marketing partners benefit from our combined circulation. Since we print in Sante Fe and deliver 1st to New Mexico and then OK & TX every 60 days while each client benefits from the 3 markets circulation.

Expanding to Oklahoma in December of 2022.

We are currently seeking media partners and advertisers to target their products to the hundreds of retailers that will be receiving MJ Monthly in their stores across the state this December. Over 1200 smoke shop retailers in 3 States!! MJ Weekly News Radio Program Coming Soon . . . .


Russell speaks with Chad the founder of the Lucky Leaf Expo. The two discuss opportunities in the New Mexico recreational market. Russell recording live from the Albuquerque Convention Center at the Expo. Many vendors and industry insiders are present. Russell introduces the magazine to New Mexico NOT as the Texas Hemp Reporter, but as MJ Monthly in the land of Enchantment. We are seeking articles and story content for business and cannabis news in both Oklahoma , New Mexico & Texas!

WhooHooo!! Over 2 years and still counting . . . .
Did we mention you can vote for us at


Podcast # 99

Podcast # 99 Of the Texas Hemp Show:

Rachel & Russell talk about the Harvest Edition of the Texas Hemp Reporter magazine as well as discuss
the Texas Hemp Awards nominations, including our coverage of many upcoming events like The Lucky Leaf Expo, The Texas Hemp Summit, Texas Hemp Harvest Festival and finally the Taste of Texas Hemp Cup are all covered.

Show Notes

New Mexico , MJ Monthly
Special Events  – 

Coming Soon —  Flavor Flav to the podcast

What is The Texas Hemp Show ?

The Texas Hemp Show is the official podcast for the Texas Hemp Reporter Magazine: The Texas Hemp Show is recorded every Wednesday at from 6 -7pm and is released each Friday. For news and the latest information on the growing Hemp & Cannabis industry in the Lone Star State subscribe to our magazine the Texas Hemp Reporter online and follow us wherever podcasts are available.

Don’t forget to Vote for us on the Texas Hemp Awards!


New Mexico Cannabis Market Breaks Sales Record For Second Straight Month

Industry raked in more than $40 million yet again, with no signs of slowing down. The state’s population centers of Albuquerque, Santa Fe, Las Cruces, Hobbs, and Rio Rancho saw the highest July & Aug sales numbers.

The Land of Enchantment’s Green Rush is in full swing. After an impressive July, sales records were set again in August hitting over $40 million beating the previous month by around $300,000. Adult-use sales made up a whopping $23 million of that total in August, eclipsing July by over $1 million.

Analysts continue to be pleasantly surprised by New Mexico’s impressive cannabis sales numbers, bucking trends in other newer markets and setting the bar high (no pun intended). The state’s market remains robust, indicating there are good things to come.

“In most states, you see very early sales during the first few months. Typically sales will fluctuate after that,” explained Andrew Vallejos, Interim Director for New Mexico’s Cannabis Control Division, in an interview with KOAT news. “ We don’t know if there will be seasonal variations in sales. Right now, it looks very encouraging.”

Lucky Leaf Expo will bring two days of high-impact networking, education, and expositions to the Albuquerque Convention Center October 21st and 22nd. The conference is considered a must attend for licensed operators and industry newcomers, offering something for anyone wanting to be a part of New Mexico’s thriving cannabis marketplace.

Join us at our Albuquerque, NM event to catch up with canna industry experts and businesses.

* Explore more than 100 exhibitors

* Hear from a variety of speakers

* Network with other industry professionals and more at the Lucky Leaf Albuquerque business convention and seminars

No Medical Card Needed

CBD & THC for Traumatic Brain Injury: Plant cannabinoids reduce tissue damage and trauma following a closed head injury.

By The Editors of Readers Digest and Project CBD

Traumatic brain injury (TBI) is one of the leading causes of death worldwide in people under the age of 45. Many who survive severe head injuries suffer permanent behavioral and neurological impairment that adversely impacts learning and memory and often requires long-term rehabilitation. An estimated 5.3 million Americans are living with a TBI-related disability.

Even so-called mild cases of TBI can result in post-traumatic seizures, impaired brain function, and lower life expectancy. People can also suffer an acquired or nontraumatic injury, such as in the case of stroke, which causes similar damage to the brain by internal factors like lack of blood flow and oxygen (ischemia).

Cannabinoids like THC and CBD may reduce the trauma and the symptoms that follow brain injury thanks to their positive interaction with the endocannabinoid system (ECS). A 2011 article in the British Journal of Pharmacology describes the ECS as “a self-protective mechanism” that kicks into high gear in response to a stroke or TBI. Coauthored by Israeli scientist Raphael Mechoulam, the article notes that endocannabinoid levels in the brain increase significantly during and immediately after a TBI. These endogenous compounds activate CB1 and CB2 receptors, which protect against TBI-induced neurological and motor deficits.

By manipulating the endocannabinoid system with cannabinoids, medical scientists have been able to reduce brain damage and improve functional recovery in animal studies of stroke and TBI. According to a 2010 report in the British Journal of Pharmacology, CBD can limit the amount of damaged tissue and help normalize the heart rhythm disturbances like arrhythmia that are common after a closed head injury.

A damaged brain can be remarkably plastic, but there is only a limited window of opportunity — generally thought of as 10 to 60 minutes — for therapeutic intervention to prevent, attenuate, or delay the degenerative domino effect of brain cell death and damage to the protective blood-brain barrier that occurs during a secondary injury cascade (a wave of further damage that occurs as a result of the lack of blood flow to the brain following the initial injury). CBD expands that window of opportunity. Researchers have learned that CBD can convey potent, long-lasting neuroprotection if given shortly before or as much as 12 hours after the onset of ischemia.

In 2016, scientists at the University of Nottingham (UK) reported that CBD shields the protective blood-brain barrier from the damaging effects of lack of oxygen and fuel after an injury. CBD prevents your blood-brain barrier from being damaged and becoming more permeable by activating the 5-HT1A serotonin receptor and the PPAR-gamma nuclear receptor.

CBD also protects the brain by increasing the concentration of endocannabinoids in the brain.

The researchers at the University of Nottingham have also conducted preclinical animal or laboratory research that examined the anti-inflammatory and neuroprotective effects of cannabidiolic acid (CBDA), the raw, unheated version of CBD found in the cannabis plant. “Like CBD,” the researchers concluded, “CBDA is effective in reducing blood brain permeability and inflammation in a cellular model of stroke.” CBD and CBDA both restore blood-brain barrier integrity by activating the 5-HT1A serotonin receptor, which mediates CBD’s and CBDA’s anti-inflammatory effects.

Several athletes claim that CBD can help to ameliorate the lingering neurological problems associated with chronic traumatic encephalopathy (CTE), a particularly severe form of TBI caused by the accumulation of numerous concussions.

CTE increases the risk of neurological problems later in life and hastens the progression of dementia. The anecdotal benefits of CBD-rich cannabis oil for CTE are well known among football players, boxers, and other professional athletes who are prone to head injuries.

Project CBD’s 2019 survey found that among people using CBD for a brain injury, CBD proved most helpful for relieving headaches, irritability, and agitation. CBD was less helpful for balance issues. In a small percentage of participants, CBD seemed to make issues with memory, concentration, and self-expression worse, but it’s unclear if that was the result of CBD or THC or if there were other unknown factors at work.

Best of the Texas Hemp Reporter: 2 Year Anniversary

In the past 24 months we have published some great information on the revolving door

that is Texas cannabis. From Chelsie Spenser smokable hemp ban coverage, to Lisa Pittman’s

interview with Sid Miller, the pages of the Texas Hemp Reporter have covered a lot in the last two

years. In honor of our 2nd birthday we thought it would be nice to recap a  “In Case You Missed It” 

article to commemorate the body of work thus far.

We discussed our History of Texas hemp in an issue discussing the story of George Trout, a

Texas pioneer in hemp production in Raymondville Texas in the mid 1930s. This was in

Issue # 3 of 2020 where we also covered the magical mystery tour of the DEA’s new

rules on Delta-8 with Andrea Steel & Lisa Pittman’s article,

 “Smokable Hemp Goes Puff”.

That same edition we also introduced Sweet Sensi in Austin Texas as they make the

candies that make us feel good. In fact, Greg Autry would later grace us with his

appearance on the cover of Issue # 5 in February of 2021. Our 2nd edition covered

Herring Bank and their experience in the cannabis-hemp industries of finance and

banking as well as profile Texas Dept. of Agriculture Commissioner Sid Miller.

Sid has a great interview with me on Podcast # 37. 

Issue #4 covers the 1st Annual Taste of Texas Hemp Cup with Patrick & Liz.

The event’s artwork made the cover of the December edition of 2020. The Hemp Cup

was a celebration of Texas’ first harvest of “legal-cannabis” with an expert judging panel

like Kym Byrns, Leah Lakstins and Max Montrose. With live glass blowing, vendor tents,

food, music, and hemp tastings the Hemp Cup was a victory for Texans breaking ground

on the first year of producing legal cannabis plants.

Calvin Trostle, the Last Prisoner Project, Lee Vernon, Heather Fazio, Lisa Pittman,

Mr. Good Bud and his “Greg Autry method” would kick off the new year in February 2021

with an informative issue covering seed to sale and the supply chain, along with

hemp trademarks, and a preview of NOCO including the announcement of the

Texas Hemp Awards winners.

We also had time in 2021 to interview Steve DeAngelo, Tommy Chong,

Freeway Ricky Ross, Cheech Marin, James Belushi & Kymani Marley.

Earlier this year we spoke the all the Agricultural Commissioner candidates,

profiled Jack Herer and interviewed his son Dan, covered another Texas Hemp Cup

 and documented the history of 420 and the cannabis culture in our last edition.

A big thank you to all of our advertisers and our writers for making this publication possible.

We hope that you are enjoying having an actual real print product covering hemp and

cannabis here in Texas. Hang in there TEXAS, we will get there. The day of legal green

recreational cannabis is not too far down the road. We have already gotten our veterans

 and cancer patients medicine and will get chronic pain and doctors discretion in the

coming session. So keep on picking us up, support us if you can, and you can always

listen to the Texas Hemp Show wherever podcasts are available.

Remember, we are all affecting the culture. Make your voice heard, reach out and

say hello and tell folks about the Texas Hemp Reporter. Now, can someone

please put me in touch with Willie Nelson or Matthew McConaughey?

Hemp Flower Production a Boost for Farming

Delta-8 and smokable flower are keeping many of the states hemp farmers busy in recent months. After several regulatory loopholes and a DSHS lawsuit the state has allowed for Delta-8 to be sold legally in Texas, but not without some confusion. Delta-8 is a legal cannabis product that comes from hemp but can still give the consumer a light psychotropic high entirely on its own. Many states have issued restrictions around the product, usually states with a strong cannabis market in place, while others simply ignore it altogether. Nonetheless, a high demand for hemp flower has been a lifeline to growers who planted hundreds of acres nationally in 2019 expecting a boost in CBD products, only to see the market prices plummet after a year of over production in many states.

According to Green Market Report, Hemp Benchmarks reported that after rising 4% in May 2021, the average cost per-kilogram price for delta-8 THC distillate fell 1% in June to $1,215. “Notably, both the low and high ends of observed transaction data – $900 and $1,650 per kilogram – were up compared to May.” In Georgia, Reginald Reese of Green Toad Hemp Farm told Hemp Benchmarks that delta-8 THC was here to stay. “The beauty of it is, Georgia [like Texas,] refused the [delta-8] ban,” he said. “We have the right as licensed hemp growers to use every part of that hemp.” Reese spoke to Hemp Benchmark saying that efforts to ban delta-8 THC are part of a “full-court press” from the businesses participating in licensed, state-legal marijuana industries, which do not want the competition. 

But that isn’t a problem in many states like Texas who have a fledging small cannabis program for 1% medical marijuana anyway. This has created a boom in Delta 8 sales across Texas and many other states.

Growing Smokable Flower

The Hemp Benchmark report stated“the study has documented over 168.2 million square feet registered for indoor or greenhouse production. This figure is up 328% compared to over 39.5 million square feet recorded in June 2020 and up 85% from over 90.8 million square feet ultimately documented by the end of last year.”

Nationally, and here in Texas, it seems that many outdoor grow operations have focused growing more greenhouse and indoor operations to fulfill the smokable flower demand. The Benchmark Report reported that smokable CBD Flower has continued to hold its value in the U.S. hemp wholesale market better than perhaps any other hemp-CBD product. “Flower grown indoors or in greenhouses also typically commands a premium price compared to that cultivated outdoors.” The study also concluded that flower prices leveled in June of last year around $300/pound that May. “Despite some reports of still-stagnant demand for CBG, the price for smokable CBG Flower rose 15% in June to average $326 per pound, exceeding the price for its CBD counterpart. The significant increase in the assessed price for CBG Flower this month follows an over 50% jump observed in May.”

If these indications from last years numbers continue to move in the upper mid $300-$400 range, then these are significant numbers that is welcomed news for most indoor farmers growing smokable flower.

Industrial Hemp in Texas

Since Hemp is regulated by the Texas Department of Agriculture, TDA, and THC tested for psychoactive properties. Most of our readers know already that a hemp crop with THC levels above 0.3% will be impounded and destroyed, so growers are mindfully cautious to not allow a mature rate over these levels.  “As an alternative crop, the hemp industry in Texas is still in its infancy,” Calvin Trostle, Ph.D., AgriLife Extension agronomist and statewide hemp specialist in Lubbock told AgriLife Today “There is a massive amount of education going on, but we’re still trying to determine what varieties are adaptive so that we can help producers avoid headaches.” Trostle also noted that it doesn’t take a lot of acreage to mass produce CBD into small outputs for the retail and wholesale market. “It doesn’t take many acres to produce CBD for the end-product,” Trostle said. “Around 25 acres producing average yields can fill 1 million bottles that contain about 1 gram of CBD.” 

Hopefully fiber will begin to expand here in Texas in the coming years. However, Trostle describes Texas conditions present problems for some growers. “The challenge we are trying to address in fiber and grain varieties is that most types are adapted to latitudes further north – Canada, Ukraine, Poland, France – and are very photo-period sensitive,” he said. “It’s not the heat units and sun they need like cotton, it’s longer summer days for growth and then increasing length of night to trigger reproduction. Plant reproduction is triggered far too early this far south.”

As for industrial production for hemp – fiber or grain, the main challenge we see here in Texas is that it will still be some time before established processing facilities are developed, and a boost of financial investment

Looking for a Hemp Friendly Bank? Here Are 5 Questions to Ask.

The recent string of good news for hemp-related businesses started with the 2018 Farm Bill, which removed hemp (defined as cannabis with up to 0.3% THC) from Schedule I controlled substances and making it an ordinary agricultural commodity. Financial institutions can now bank hemp-related businesses in states that have the appropriate infrastructure in place to comply with the provisions of the Farm Bill.  Good news if you’re looking for a hemp friendly bank, right?  Lots of financial opportunities.

But also, lots of potential confusion over rules and regulations.

Unfortunately, we’ve seen this in action as farmers and other hemp-related businesses have been dropped by their banks across the country.  Even long-term relationships have ended with banks kicking customers out because of what they see as potentially risky situations.

Where most banks go wrong is by following a “Don’t Ask, Don’t Tell” approach.  They think that if they don’t know what their customers are doing, right or wrong, then the risks can’t hurt them.  This strategy is just waiting to backfire.  Of course, they’ll find out what they didn’t want to know, and have to write their customers a check and tell them to leave. It’s a good way to get into trouble and a terrible way to partner with customers.

Financial institutions are not exempt from having internal controls in place to determine the risk profile of the entity based on the nature of the business.  This is especially true in the rapidly growing world of hemp-related businesses, where having those controls is key to ensuring businesses can bank safely. How do you make it more likely to bank successfully?

A.S.K. (Always Seek Knowledge)

What questions should you ask to gain that knowledge? Let’s look at five you should be asking your financial institution to make sure you’re banking hemp safely.

1. Does your bank have a dedicated hemp vertical with dedicated hemp subject matter experts?

A hemp friendly bank may have a “hemp person,” intended to meet all the needs of their hemp-related customers. What if that person gets stuck in traffic, or gets the flu, or is too darn busy being the only hemp person to properly serve their customers, let alone keep up with all of the constantly evolving regulations?

To really be able to partner with their customers in this ever-changing environment, a bank needs to have an entire vertical with people solely dedicated to hemp-related businesses. And those people need to be experts on hemp.  Does your bank have just a toe in the water or are they all in?  Do they have a policy for lending or taking deposits in the hemp space?  Is their leadership not only on-board, but have they also accumulated the necessary knowledge and embraced banking hemp?  If any of the above is a “no”, banking with them should be a no-go.

2. Has your bank written a compliance program?

The worst answer here would be, “What’s a compliance program?” Just as bad would be, “That’s a good idea!  They should do that!”  Yes, they should.  Just being aware of compliance doesn’t come close.  Knowing compliance rules isn’t good enough either.

To really bank hemp safely, your financial institution needs to create a compliance program that demonstrates mastery of the rules and regulations.  Being fully compliant is crucial to having a successful business and your bank should help you get there.

3. Is your hemp friendly bank vetting you or just inviting you?

Since the dawn of time, banks have wanted your money.  More money is better, no questions asked.  Until now.  When it comes to banking hemp safely, the best thing a hemp friendly bank can do for you is to make sure you’re as good a partner for them as they will be for you.  They should want you as customers for the relationship you can develop as much as for the money you can deposit.

If your bank is ushering in your business down a red-carpet flush with rose petals, be wary.  For your safety, they should be carefully vetting you.  It can only help your business, and with the current challenges in the market, it’s what a true partnership needs to flourish.

Business cannabis stock leaves marijuana success market price green profit growth charts graph money display screen up industry trend grow higher quickly

4. What hard questions are they asking you?

Are they asking to see your testing samples? Your disposal procedures?  Your COA?  Your license? Are they asking you if you’re up to speed on the latest regulations?  Are they asking if you have a safety and security plan in place that is accessible to employees?  Are they doing the research to ensure your business has no operational ties to marijuana-related businesses?

If they’re asking these questions, it may not be the easiest thing for you, but it’s the best thing for you.  They’re watching out for you. If they’re not, they might be honing their “Don’t Ask, Don’t Tell” skills. Or they may not even know the right questions to ask.  Neither is good.

5. How well does your bank know your business?

It’s important to remember the good things that come from business partners really knowing each other. There’s a difference when a bank has deeply researched your business, the competition, and the overall category; when they’ve been to your place of business, sometimes traveling long distances to be there; when your connection to them is more relational than transactional.

We’d even go so far as to say that they should feel some ownership in your business.  They don’t actually, but it should feel that way, like they’re a true partner and not just a place to put your money.

You’re putting a lot out there: your reputation, your hard work, your good name, your funding. The least your bank could do is make sure you’re banking safely.  To that end, we’ll leave you with one thought:

When it comes to your hemp-related business, make sure your bank is S.A.F.E:  Staffed with Subject matter experts who are All in, Fully compliant at Every level.

The key to certainty?  Ask them. Follow the advice of the classic Chinese proverb:

“He who asks a question remains a fool for five minutes. He who does not ask remains a fool forever.”

NM cannabis sales hit nearly $10M in a week

By Jessica Dyer / Journal Staff Writer
Copyright © 2022 Albuquerque Journal

New Mexico’s recreational cannabis market is blowin’ and goin’.

Adult-use cannabis sales topped $6.1 million statewide during the first week of legal retail sales, regulators announced Friday.

Adding the nearly $3.9 million more in medical cannabis sales brings the total weekly volume to about $10 million.

Officials had projected that legal recreational sales would generate about $300 million annually, which would average out to approximately $5.8 million per week.

“New Mexico was ready for this historic opportunity to end prohibition,” New Mexico Cannabis Control Division Director Kristen Thomson said in a statement. “Whether it’s people moving from the illicit market to the safe, regulated legal market or brand-new customers excited to try high-quality New Mexico products for the first time, New Mexicans supported cannabis businesses in record numbers this week.”

Nearly a third of the first week’s recreational sales – around $2 million – occurred on the first full day of business.

Samantha Zamora of Dulce Cannabis said she’s seen a little bit of everything since the family-run dispensary opened its doors to what she called an “insane line” of customers Friday in Albuquerque. She said her shop was busier than even she expected, and that the clientele has included some reefer rookies.

“We’ve definitely had a handful of people who are trying it for the first time,” she said. “It’s been kind of cool to talk to them about everything.”

And Zamora said her dispensary’s location on Carlisle, just a hop off of Interstate 40, means the customer flow is geographically diverse, with many buyers coming from outside New Mexico’s borders.

“We’ve gotten a lot of people who are just driving through,” she said, noting that they are typically finding her via the “Weedmaps” technology platform.

While Albuquerque – by far New Mexico’s largest city and home to more than a quarter of the state’s population – registered the most sales at $2.4 million in recreational product ($3.8 million overall), officials noted brisk sales in the communities along the Texas border. Hobbs, Sunland Park and Clovis were the fourth-, fifth- and sixth-biggest markets during the first week, according to state numbers.

Statewide sales occurred across 183,911 total transactions between 12 a.m. Friday, April 1, and 11:59 p.m. Thursday, April 7. Of those purchases, 111,021 were for recreational marijuana.

Medical and recreational cannabis sales by city

(Medical sales/Recreational sales)

Albuquerque $1,472,080 / $2,352,825

Las Cruces $335,653 / $530,410

Santa Fe $363,946 / $529,318

Hobbs $98,801 / $338,992

Sunland Park $41,661 / $259,332

Clovis $119,956 / $216,294

Rio Rancho $211,425 / $210,316

Gallup $33,411 / $197,922

Carlsbad $88,352 / $166,697

Ruidoso $82,224 / $150,870

Source: NM Regulation & Licensing Department