Ananda Hemp is developing market ideas for new crop

Press Release August 29, 2018

CYNTHIANA, Ky. — Ananda Hemp, the first facility in the United States to process industrial hemp, opened its doors for an inside perspective on Sept. 28.

The tour included a look at its harvesting practices as well as its oil lab and the future of the company. Created in 2014 by Australian Barry Lambert and Kentuckian Brian Furnish, an eighth-generation farmer, Ananda was the first legal hemp farm in the nation.

“We’re an international company,” explained Lambert at the tour. “We have operations in Uruguay, Australia, Kentucky and California. We do everything from our own seed production to genetics, to production for food, fiber and medicinal purposes.”

Ananda Hemp, which is in its fourth year of production in the U.S. with its parent company, Ecofibre Ltd., has an 18-year operating history in Australia. The latter company has the world’s largest private cannabis seed bank with more than 300 cultivars and ascensions.

The U.S. is currently the No. 1 importer of hemp fiber, most of which it receives from China and Canada. According to a 2005 Congressional Research Service report, the U.S. is the only developed nation that has not developed an industrial hemp crop for economic purposes.

Experts suggest the U.S. market for hemp products is approximately $600 million per year. Currently hemp that is grown can be sold for profit, but only if authorized by a state’s agricultural authorities.

The current legalization of hemp goes back to the 2014 farm bill. On Feb. 7 of that year, former President Obama signed the Agricultural Act of 2014 into law. This included Section 7606, Legitimacy of Industrial Hemp Research, and authorized institutions of higher education or state departments of agriculture in states that have legalized hemp to grow industrial hemp – if it is grown “for purposes of research conducted under an agricultural pilot program or other agricultural or academic research.”

Pilot programs are defined as those to “study the growth, cultivation, or marketing of industrial hemp.” Sites used for growing industrial hemp must be certified by and registered with that state’s department of agriculture, which authorizes and implement regulations to carry out the pilot programs.

Recently, bipartisan legislation was introduced that could invigorate the hemp industry. House Resolution 3530 – the Industrial Hemp Farming Act – was authored by Reps. James Comer and Thomas Massie (R-Ky.), Bob Goodlatte (R-Va.) and Jared Polis (D-Colo.). The bill would exempt industrial hemp from the definition of marijuana under the Controlled Substances Act.

Industrial hemp and marijuana are genetically different cultivars of the same plant species and are distinguished from one another based on their intended use and tetrahydrocannabinol (THC) levels. THC is the main chemical that gives marijuana users their “high.”

While marijuana cultivars typically contain more than 3 percent, to 15 percent, THC by weight, hemp cultivars are bred to contain only trace amounts (less than or equal to 0.3 percent). There are estimated to be more than 25,000 uses for hemp, the most common being textiles, food, cosmetics, plastics, construction materials and biofuel.

Eric Wang, CEO of Ananda Hemp, said some of the most likely to reinvigorate the hemp industry are material blends made with hemp. Besides being fire-retardant, these materials can also conduct electricity. This special attribute could lead to breakthroughs in the fitness, mobile phone and health care industries.

 “One thing we are working on right now is a range of high-performance clothing where your shirt can power things like your phone and Fitbit (personal fitness trackers),” he said.

“Health care companies have also come to us to design clothing with something called ‘passive monitoring,’ which can monitor when someone’s heart rate or body temperature go up. This can help prevent things like infections. This can also help with preventative treatments. Hemp can be a real job and industry creator.”

Another aspect of the hemp industry that excites Wang is the number of acres which can turn a profit. “As an example (of performance wear), we are trying to come out with a line of women’s tights. Taking just the economics of it, if you sell them for $50 a pair, and sell a million pairs, that’s $50 million – which only takes 50 acres of hemp. The future (of hemp) is really unbelievable,” he added.

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Press Release August 29, 2018 Read More

Jefferson Receives $3 Million from Australian Philanthropist to Support Research in Medicinal Cannabis and Hemp

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Hemp Producer Ecofibre Ditches Australia’s Medical Cannabis Rules for the US

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Videos

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Press Release August 29, 2018 Read More

Ananda Hemp is developing market ideas for new crop

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Press Release August 29, 2018 Read More

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Press Release August 29, 2018 Read More

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Videos

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The Australian 251 KB

PDF Download

Barry’s Lambert’s Ecofibre hemp company plans to list this year 409 KB

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PDF Download

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DEA Plans to Quintuple Amount of Cannabis Grown for Research

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Video October 10, 2018 Read More

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Video August 30, 2018 Read More

Why millionaire Barry Lambert invested $34 million in medicinal cannabis

Barry Lambert is gazing out the picture window of his Sydney home at a multimillion-dollar beach view. Around him his grandchildren fiddle on their phones while his wife Joy sips tea. Lambert drinks a cappuccino he’s just bought at the local café. It’s a charming family scene – except for one thing. At the table … Continued

Video August 30, 2018 Read More

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Video August 30, 2018 Read More

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Video August 30, 2018 Read More

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Video August 30, 2018 Read More

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Video August 30, 2018 Read More

Hemp Farming Act 2018

Today is a promising day for the future of hemp. This morning Senate Leader Mitch McConnell (R-KY) took the Senate floor to introduce the Hemp Farming Act of 2018. This bill would permanently legalize hemp, removing it from the Controlled Substances Act, and establish it as an agricultural commodity. He was joined by Senator Ron … Continued

Video August 30, 2018 Read More

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Brian Furnish is director of Global Production at Ananda Hemp, based in Kentucky. It’s Time to Consider the Growing Potential of Hemp Hemp, once a legal and thriving crop in the United States, was dealt a heavy blow with the 1937 Marijuana Tax Act. The Act put heavy tax and licensing regulations on both hemp … Continued

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Video August 30, 2018 Read More

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Video August 30, 2018 Read More

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Video August 29, 2018 Read More

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Video August 29, 2018 Read More

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Video August 29, 2018 Read More

Growers cashing in on hemp byproduct as crop makes huge comeback

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Video August 29, 2018 Read More

First legal 500-acre hemp farm in Kentucky unveiled

HARRISON COUNTY, Ky. (WKYT) – It’s a complicated subject, but today Eric Wang wanted to make sure no question went unanswered. “I call it ground zero for hemp,” Wong told WKYT. He’s talking about a 500-acre hemp farm housed in Harrison County. A farm that’s been years in the making. That’s Brian Furnish he’s director for … Continued

Video August 29, 2018 Read More

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Video August 29, 2018 Read More

Ananda Hemp is developing market ideas for new crop

CYNTHIANA, Ky. — Ananda Hemp, the first facility in the United States to process industrial hemp, opened its doors for an inside perspective on Sept. 28. The tour included a look at its harvesting practices as well as its oil lab and the future of the company. Created in 2014 by Australian Barry Lambert and … Continued

Video August 29, 2018 Read More

Ananda Hemp Endorses Industrial Hemp Farming Act of 2017

Bill would legalize production of industrial and research hemp in the U.S. Ananda Hemp, the first U.S.-licensed hemp producer, has advocated for legalization since 2013 CYNTHIANA, Ky., July 28, 2017 (GLOBE NEWSWIRE) — Ananda Hemp, a manufacturer of legal, non-psychoactive hemp extract, today announced its endorsement of the Industrial Hemp Farming Act of 2017, which … Continued

Video August 29, 2018 Read More

Ananda Hemp And Kentucky Farmers Continue Hemp Expansion

Tobacco farming is falling along with the decline in cigarette sales, but farmers in Kentucky are working for survival by switching their crops to hemp. It certainly isn’t an easy switch with the Drug Enforcement Agency fighting the farmers over the legality of growing hemp. The confusion over growing hemp stems from the regulations in … Continued

Video August 29, 2018 Read More

Australia’s largest medicinal cannabis grower is packing its bags and moving to the US

Australia’s largest medicinal cannabis grower, which is backed by finance sector identities Barry Lambert and Chris Cuffe, has decided to stop production here and move to the US where it says the legal framework is much more favourable. Ecofibre recently completed a $12 million capital raising with cash from Mr Lambert and Mr Cuffe. But … Continued

Video August 29, 2018 Read More

Jefferson Receives $3 Million from Australian Philanthropist to Support Research in Medicinal Cannabis and Hemp

Landmark Gift will Rename the Existing Center for Medical Cannabis Education and Research (CMCER) PHILADELPHIA  – The Institute of Emerging Health Professions at Thomas Jefferson University has received a $3 million gift from Australian philanthropists, Barry and Joy Lambert, to support its Center for Medical Cannabis Education and Research. In recognition of this commitment, the … Continued

Video August 7, 2018 Read More

Cannabis as Medicine: Talking Shop with Dr. Charles Pollack of Thomas Jefferson University

After learning the benefits CBD has on those suffering from Dravet’s Syndrome, Australian millionaire Barry Lambert invested over $20 million into cannabis research at the University of Sydney. Continuing his donations to fund the research, Lambert donated $3 million more to Thomas Jefferson University (TJU) in the United States. This research allowed TJU to begin … Continued

Video August 7, 2018 Read More

Hemp Producer Ecofibre Ditches Australia’s Medical Cannabis Rules for the US

Citing Australia’s onerous security requirements for growing medical cannabis, prominent Australian industrial hemp grower Ecofibre announced it will move its medical cannabis capabilities from Australia to the United States. The company, backed by Australian millionaire Barry Lambert, has been producing industrial hemp for more than 15 years for use in medical research, fiber, and food products. Despite … Continued

Video August 7, 2018 Read More

Australian Research Initiative Will Put Medical Cannabis Claims to the Test

Imagine you’ve lived a full life, had a very successful career, and are just beginning to relax and spend time with your grandchildren. But one of those grandchildren is sick. She has Dravet Syndrome, a rare and difficult to treat form of epilepsy. What would you do? If you were Barry and Joy Lambert, you … Continued

Video August 7, 2018 Read More

Medical cannabis: Record donation of $30 million for research at University of Sydney

Sydney University scientists will be given more than $30 million to research the medical applications of cannabis, the largest research donation in the university’s history. The $33.7 million donation, from Barry and Joy Lambert, is among the largest research donations to any university in Australian history. The Lambert Initiative will bring together three of the … Continued

Video August 7, 2018 Read More

Ananda Professional launches new CBD oil for pharmacies

CYNTHIANA, Ky. — Ananda Professional, a wholly owned subsidiary of Ecofibre, recently announced the launch of a Cannabidiol (CBD) oil product line that’s available exclusively in U.S. independent pharmacies. The line includes for oral use, a 300ml and 600ml tincture and a 30 and 60 count, 15ml soft gel, as well as a 125mg salve … Continued

Video August 7, 2018 Read More

Barry’s Lambert’s Ecofibre plans local IPO

Ecofibre, the industrial hemp company chaired by Rich Lister Barry Lambert, plans to list on the ASX later this year. It is in the final stages of a pre-IPO raising, with funds slated to expand its business, including the development of its high-tech fibre textile, Hemp Black.

Video June 7, 2018 Read More

Videos

Why Kentucky farmers are quitting tobacco and turning to an unlikely new crop

https://www.pbs.org/newshour/show/kentucky-agriculture-banking-hemp

Video August 30, 2018 Read More

Commissioner Quarles and Senate Majority Leader McConnell Visit Ananda Hemp

https://www.youtube.com/watch?v=98Bh6EQK9Rg
Video August 30, 2018 Read More

Ag News Daily, Interview with Brian Furnish

https://www.youtube.com/watch?v=ngEFNp7KGH8
Video August 30, 2018 Read More

Push to legalize medical cannabis in Australia

https://www.youtube.com/watch?v=D-jwkldU4HM
Video August 7, 2018 Read More

Majority Leader Senator Mitch McConnell Supports Hemp

Video March 26, 2018 Read More

Attachments

The Australian

View the press release here

Video August 29, 2018 Read More

Barry’s Lambert’s Ecofibre hemp company plans to list this year

View the press release here

Video June 7, 2018 Read More