Vermont Archives - Ministry of Hemp America's leading advocate for hemp Mon, 15 May 2023 07:09:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://ministryofhemp.com/wp-content/uploads/2022/12/Icon.png Vermont Archives - Ministry of Hemp 32 32 Luce Farm: How Hemp Saved A Piece Of Vermont Farming History https://ministryofhemp.com/luce-farm-vermont-hemp-farm/ https://ministryofhemp.com/luce-farm-vermont-hemp-farm/#comments Sun, 14 May 2023 20:47:10 +0000 http://ministryofhemp.com/?p=54250 Recently, we were lucky enough to visit a historic Vermont hemp farm that’s a wonderful example of hemp’s power to heal American agriculture. Originally founded in 1820, Luce Farm now grows hemp and uses it to make their own CBD products.

The post Luce Farm: How Hemp Saved A Piece Of Vermont Farming History appeared first on Ministry of Hemp.

]]>
Recently, we were lucky enough to visit a historic Vermont hemp farm that’s a wonderful example of hemp’s power to heal American agriculture.

With low humidity and an abundance of air flow, it comes as no surprise that hemp’s found a way to prosper in the Green Mountain State’s countryside. Joe Pimentel, with his family and team, operate the historic Luce Farm and have found more success than they imagined in the ever-changing, fast-growing hemp industry.

The hemp grows tall on 206 acre Luce Farm, with the Vermont mountains in the background.
The hemp grows tall on 206 acre Luce Farm, with the Vermont mountains in the background. (Photo: Ministry of Hemp / Paul James)

First established in 1820, during our visit we learned how this 206 acre farm transformed from vegetable growing to hemp.

FROM VEGGIES TO A VERMONT HEMP FARM

Years ago, Pimentel began growing vegetables and raising goats due to the lack of easy access to good food. After the farming grew substantially, he moved to Vermont to grow food full time at Luce Farm and truck it down to areas in and around Boston.

“We were always able to sustain, but it was hard,” Pimentel told us. “Veggie farming is hard.”

Pimentel had dreams of restoring this 200 year old farm, but it was impossible to do on just vegetables. So, he began looking into a variety of options. Eventually, he stumbled upon hemp and it stuck. Pimentel recalled:

In 2016, we were hired to grow hemp for an R&D [Research and Development] project. We ended up with eighty pounds of it by the end of the year and we didn’t know what to do with it. That’s when we started playing around with the CBD in our kitchen.

After trying some simple recipes and sharing them with friends, people came back to Pimentel claiming the results were “unbelievable.” Many were new to CBD and what it could offer. Some friends who were taking several Ibuprofen a day reported more relief from the healing properties of hemp.

Part of the Luce Farm team stands in their hemp field (left to right): Jesse, Joe Pimentel, and Robin Chadwell.
Part of the Luce Farm team stands in their hemp field (left to right): Jesse, Joe Pimentel, and Robin Chadwell. (Photo: Ministry of Hemp / Paul James)

This is what motivated him to continue with harvesting and making Luce Farm CBD products. Pimentel knew if he wanted to make a business out of this, he had to be confident in telling people the exact amount of CBD they’d receive. As a result, he transitioned to using supercritical CO2 extraction, an industry standard method for producing high-quality CBD.

With a professionally produced, labeled and tested product under his belt, he decided to take his CBD to the place he knew best: farmers’ markets.

HEMP SAVED HISTORIC LUCE FARM

Unsurprisingly, he found himself easily making much more profit than he did off vegetables.

“And then we just ran with the ball, man,” Pimentel proclaimed. “It was evident this was exactly what we needed for our project.”

That project, to preserve this important site, is about to take a major step forward. Luce Farm will soon be added to the National Register of Historic Places, with all the protection that brings. Thanks to Pimentel and the possibilities of hemp, a piece of Vermont history will remain in the serenity of this mountainous landscape.

Luce Farm is a piece of the community that was almost taken away. After operating within the Luce family from 1820 to 1950, the last member passed away just when corporate agriculture was taking control of American farming. A pair of caretakers kept the property preserved, then sold it to the Pimentels a few years ago.

Since Vermont legalized hemp through the 2014 Farm Bill, it’s been making more and more appearances throughout the state. When Pimentel first began growing in 2016, there were less than 50 hemp permits within the state. This year, that number has reached an astonishing 249 hemp permits.

Hemp grows in dense clusters in a field. In the distance are greenhouses, a forest and the mountains. Luce Farm is not just a beautiful Vermont hemp farm, but also an example of hemp's power to revive American agriculture.
Luce Farm is not just a beautiful Vermont hemp farm, but also an example of hemp’s power to revive American agriculture. (Photo: Ministry of Hemp / Paul James)

In Pimentel’s words, “That’s a ridiculous amount of growth.”

Different states have different regulations when it comes to growing hemp. Vermont hemp farmers face few barriers under their state’s relatively simple regulations.

“Pimentel informed us that Vermont’s hemp program is awesome.”

Still, Luce Farm has faced legal complications. About 6 months back, Pimentel teamed up with Long Trail Brewery in Vermont to create a CBD-infused beer. It was a winner in terms of sales, moving thousands of cans within a two day period. However, the federal government stepped in and told them they couldn’t mix cannabinoids with alcohol.

The Luce Farm team remains proud of the work they did and hope they can work with Long Trail again in the future when hemp is fully legalized.

BEYOND LUCE FARM: HEMP CAN HELP LOCAL FARMERS NATIONWIDE

Pimentel believes hemp can be a winner for local farmers across the country. Just as when big corporations moved into farming as a whole, he’s noticed big corporations trying to make their way into the hemp industry and take profits away from small family farmers. The more hemp becomes available to the public, the more people are trying to purchase it for cheap.

Moving forward, he hopes small farmers can continue to take advantage of the economic opportunities hemp provides:

I know how hard it is to grow that stuff … We’re farmers first. We want to keep that price high. We don’t want Wall Street coming in and driving the market.

When it comes to getting into the hemp industry, Pimentel advises people to have a plan. Farmers must have prior knowledge of what to do with their harvested hemp.

A massive, tall hemp field with the Vermont mountains behind it. Luce Farm creates their own CBD products from their harvest, controlling their output from seed to shelf.
Luce Farm creates their own CBD products from their harvest, controlling their output from seed to shelf. (Photo: Ministry of Hemp / Paul James)

More personally, Pimentel believes farmers should keep control of their harvest and “fight to keep [hemp] an agriculture product rather than a commodity product.”

This Vermont hemp farm directly uses the crops they grow in their own CBD products, rather than selling the crop to other businesses. They control their output from seed to shelf, and earnings can go right back into preserving Luce Farm.

Like so many other people working in this industry, Pimentel is excited about hemp and its potential to revive American farming.

“I’m a firm believer that every 7-Eleven in America should be replaced by a farm,” he declared. “It’d change a lot of things.”

The post Luce Farm: How Hemp Saved A Piece Of Vermont Farming History appeared first on Ministry of Hemp.

]]>
https://ministryofhemp.com/luce-farm-vermont-hemp-farm/feed/ 1
New State Hemp Programs: Growing Hemp In Wisconsin, Vermont, Oregon & Nevada https://ministryofhemp.com/state-hemp-programs/ https://ministryofhemp.com/state-hemp-programs/#comments Tue, 30 Aug 2022 21:27:56 +0000 http://ministryofhemp.com/?p=54325 Thanks to new state hemp programs, more of this miraculous crop is growing in the USA than ever. In this article we discuss hemp programs in Wisconsin, Vermont, Oregon, and Nevada. We also list the market price for hemp in each state.

The post New State Hemp Programs: Growing Hemp In Wisconsin, Vermont, Oregon & Nevada appeared first on Ministry of Hemp.

]]>
Thanks to new state hemp programs, more of this miraculous crop is growing in the USA than ever.

Have you ever dreamt of starting over? Packing your belongings and heading to a place where you can spend your days working the land, instead of working behind a desk? Thanks to the rapid expansion of state hemp programs in the U.S., more and more people can be a part of this profitable green future and help create a more sustainable way of life at the same time.

With so much happening in American hemp, we thought this was a perfect time to look at some new state hemp programs, and see what is and isn’t working in each state. In this article, we discuss hemp programs in Wisconsin, Vermont, Oregon, and Nevada. We also list the market price for hemp in each state, which we sourced from a Hemp Industry Daily report.

But first, we wanted to share a brief history of modern hemp growing.

HOW HEMP GROWING RETURNED TO THE USA

It all started in 1996, when California became the first state to legalize medicinal marijuana. They were the pioneers. California remained ahead of its time until 2012 when another rogue state stepped in. In this case, Colorado legalized cannabis for recreational use. These two states created a revolution in the cannabis world!

Hemp legalization timeline: From California to Vermont, Nevada, Oregon and Wisconsin.
Hemp legalization timeline: From California to Vermont, Oregon, Wisconsin and Nevada.

Without California and Colorado leading the way, the Agricultural Act of 2014 aka, the 2014 Farm Bill may have never been introduced. This bill re-legalized hemp growing in the U.S. under state “research” programs. Without this change, the public may have never learned about the life changing benefits of CBD. CBD has had a huge impact it’s had on the hemp market; basically, setting it on fire!

The 2014 Farm Bill left a great deal of leeway to each state to set the parameters for their hemp growing programs. Some state hemp programs only allow academic research while the most successful allow for widespread growing and hemp sales. As with any market that experiences the same growth hemp has, there is bound to be some bumps and bruises along the way. In this article, we’re going to take a look at some of those pains, along with what it takes to get into the hemp business.

HEMP SALES HIT $820M UNDER STATE HEMP PROGRAMS

A recent report revealed that US hemp sales reached a record breaking $820 million in 2017. Product sales are estimated to reach a staggering $1.8 billion by 2020. And another report, published by Rolling Stone, suggested CBD sales could hit $22 billion by 2022, surpassing even legal psychoactive cannabis sales in the process.

The sad thing is, hemp’s multi-purpose use has been around since before colonial times. George Washington grew hemp and the first drafts of the Declaration of Independence were penned on hemp paper. However, stigma from the war on drugs, and even government cover-ups, made us lose sight of hemp’s benefits for decades.

George Washington's hemp farm is growing again thanks to horticulturists at his Mount Vernon estate and the University of Virginia.
George Washington’s hemp farm is growing again thanks to horticulturists at his Mount Vernon estate and the University of Virginia.

Now hemp’s back in such a big way. Hemp is pouring money into the US economy, providing jobs and opportunity for people who want to put their farming skills to the test. It’s also helping thousands of suffering people suffering experience the benefits of CBD.

There are currently 19 states that allow growing and cultivating hemp, producing a total of 25,713 acres in 2017 according to Vote Hemp’s crop report. That’s just the beginning, as hemp could soon expand in a big way. An amendment to the 2018 farm bill would legalize hemp nationwide by putting it under the control of the Department of Agriculture.

WISCONSIN HEMP PROGRAM IS NEW BUT GROWING FAST

Legalized in 2017, Wisconsin is being hailed as one of the fastest growing states for hemp cultivation.

In order to grow and cultivate hemp legally, it must be grown under Wisconsin’s industrial hemp pilot program.  As part of this state hemp program, crops can only contain 0.3 percent or less THC (tetra hydro cannabidiol) and growers and producers must submit a variety of requested reports to the Washington Department of Agriculture, Trade and Consumer Protection to show compliance. In addition, required records must be kept for three years. These records document a variety of information such as product sources and chain of custody forms. Growers must also allow state officials access to the property to record property transfers.

Since becoming legal, there have been 320 hemp licenses issued. Of those 320, 180 were licenses to grow and 75 were licensed to process the industrial hemp. Registration fees are $350 and annual application fees range from $150-$1,000 depending on the size of the field.

Challenges of growing hemp in Wisconsin

While Wisconsin’s hemp program continues to thrive, there is a unique growing pain that’s getting attention: privacy.

Under Wisconsin’s hemp law, hemp processors contact information is kept private, making it tough for farmers to sell their hemp crops. In an article published by The Cap Times, Rob Richard of the Wisconsin Farm Bureau explained the need for secrecy.

He said, “we were concerned growers would be harassed by people who didn’t understand hemp.”

State hemp programs vary widely: some, like Vermont are simple while growers in Wisconsin face challenging complications. Hemp plants grow tall and leafy in a densely packed field.
State hemp programs vary widely: some, like Vermont are simple while growers in Wisconsin face challenging complications.

To remedy this problem, Richard is working with Larry Konopacki, a former legislative counsel attorney, to create the Wisconsin Hemp Alliance program. The Alliance’s mission is to bring processors, retailers, and consumers together with farmers. The organization is just getting underway, so there’s not much else to report at this time.

Hemp market price in Wisconsin

Due to Wisconsin’s infancy growing and cultivating hemp, market prices were not available.

VERMONT HEMP LICENSES INCREASED 3000 PERCENT SINCE 2013

Legalized in 2013, Vermont has a uniquely progressive state hemp program (as we recently reported).

Of all the states approved to grow hemp, Vermont is definitely among the most lenient. As with all industrial hemp grown in the U.S. approved states, the THC level cannot be more than 0.3 percent. Other than this, farmers and processors are pretty much left alone by the government.

This may partly explain why industrial hemp is booming in Vermont. In the first year, only 8 applicants applied for a hemp license. In 2018, that number increased to 316, an increase of over 3000 percent! Almost 2,000 acres of hemp are expected to grow in the Green Mountain State in 2018. Those wishing to grow or cultivate hemp are only required to pay an annual application fee of $25. This covers farmers wishing to grow hemp for any use. That’s really about it!

One reason for this freedom is that Vermont legalized hemp cultivation a year before Congress passed the 2014 Farm Bill which allowed limited state hemp programs.

According to Hemp Industry Daily, farmers in Vermont “do not need to participate in a pilot project, research scheme with a university or state agriculture authority” to grow hemp. So while Vermont is potentially out of compliance with federal hemp rules, famers get to enjoy the state’s hands-off approach and they get access to viable hemp seeds other states do not. And because long-established hemp seed producers in Canada and Europe are close in latitude to Vermont, those seeds will have higher germination rates than if those same seeds were planted further south.

A densely packed hemp field at Luce Farm. Vermont's hemp laws are some of the most progressive in the nation.
A densely packed hemp field at Luce Farm. Vermont’s hemp laws are some of the most progressive in the nation. (Photo: Ministry of Hemp / Paul James)

Challenges of growing hemp in Vermont

As of July 1, 2018 Vermont made it legal to buy and sell hemp for those registered with the Agency of Agriculture. The program is expected to ease concerns about federal agencies interference with growers, as long as the growers comply with the states program. This program will set up a lab certification standard under a quality control program. It also allows Vermont farmers to purchase hemp seeds from out-of-state seed suppliers.

It’s important to note however that it’s not all hemp rainbows and ponies in Vermont. Hemp farmers and the like are dealing with a number of growing pains. For one, the state is about to face increased competition from their larger neighbors, New York and Canada. And if Vermont’s legislature and the governor decide to legalize recreational marijuana, that could create a whole new set of guidelines to deal with. Finally, as with any state, Vermont hemp growers need a clear hemp growing and sales plan if they wish to be profitable.

Hemp market price in Vermont

  • $100 per pound of dried flowers/buds for CBD extraction
  • $0.80-$1.20 per pound for edible seeds used in food products or pressed for seed oil.
  • $.10 per pound for stalks used for their fiber

‘HEMP IS THE NEW GOLD RUSH’ IN OREGON

Oregon authorized hemp cultivation in 2009, but the state’s Department of Agriculture didn’t license the first hemp growers until 2015.

Since that time, the Oregon hemp market (thanks to CBD) has exploded. In its purified distilled form, CBD oil can fetch thousands of dollars per kilo. Farmers here can make more than 100k an acre growing hemp! In the first year (2015) that Oregon offered hemp licenses only 12 were issued. Last year (2017) hemp licenses across the board increase dramatically. Oregon issued:

  • 233 hemp growers licenses
  • 170 licensed hemp processors, called “handlers”
  • 119 licensed producers of viable hemp seeds

Over 3,500 land acres were licensed for cultivation!

To sum the up the feeling in Oregon, farmer Jerrad said it best in Insurance Journal: “Word on the street is everybody thinks hemp is the new gold rush!”

Nevada's state hemp program is new but successful, with one advocate calling hemp a "new gold rush" for the state. A hemp field grows in tall, dense bamboo-like clusters.
Nevada’s state hemp program is new but successful, with one advocate calling hemp a “new gold rush” for the state.

Hemp entrepreneurs face some heavy startup fees in Oregon. First off, they must pay a separate license for growing and processing. Each license is $1,300. Plus there is a $120 fee for seed production registration.

Oregon doesn’t require background checks for growers or producers. However, the state exhaustively tests all hemp. The law requires growers and producers to use only laboratories approved by the state government. This past October, some new testing requirements were implemented that will end up costing Oregon upward of $50,000, which will most likely be passed down to the farmers.

Challenges of growing hemp in Oregon

An oversupply of marijuana has driven Oregon’s marijuana prices to rock bottom, which has resulted in pot farmers to turn to industrial hemp.

As Oregon issues more hemp licenses, hemp prices will most likely decrease, driving down the market. In addition, earlier this year, Oregon Governor Kate Brown signed into law SB1015. This law allows industrial hemp to enter the recreational cannabis supply line if the hemp farmers are certified by the OLCC to do so.  Recreational marijuana processors are also able to apply for a special “endorsement” that will allow them to accept hemp and hemp products.

The recreational processors then make the hemp, which must be 0.5 percent THC or less, into their concentrate and extract products. But with some marijuana farmers already searching for drastic means to rid themselves of inventory surplus, even destroying their own product, bringing industrial hemp in cannot be a good thing. Doing so will only drive more and more farmers to turn to cultivating industrial hemp, which will eventually lead to a surplus there. Now, should CBD become federally legal, this might not be a challenge, it may be an opportunity.

Hemp parket price in Oregon

  • $100 or more per pound of dried flowers or buds for CBD extraction
  • Less than $.50 for edible seed
  • $0 for stalks used for fiber because the Oregon market is too limited

HEMP IS ‘TAKING OFF LIKE A WEED’ IN NEVADA

Like Wisconsin, hemp in Nevada is still in its infancy stages. Legalized in 2017, hemp farming in Nevada is spreading fast.

“It’s taking off like a weed” said Tick Segerblom in an article by the The Nevada Independent.

Mr. Segerblom, who as a state senator sponsored the bills that were a framework for Nevada’s hemp program went on to say, “there’s an incredible amount of interest in it.”

There were originally 11 growers planting 319 acres in 2016 to 32 growers planning to plant 718 acres in 2018.

One official noted there's "an incredible amount of interest" in Nevada's state hemp program. A hemp field of young hemp plants growing tall in a dense cluster.
One official noted there’s “an incredible amount of interest” in Nevada’s state hemp program.

Nevada requires a separate license for growers, producers, and handlers. The grower license requires a $500 application fee plus $5.00 per acre/.33 per sq. for indoor grows plus and all fees incurred by the Nevada Department of Agriculture. Handlers pay a $1000 application fee plus fees incurred by the NDA. Producers pay a $100 application fee, NDA fees and the same acreage and square foot fees as growers. By law, the NDA must approve all seed purchases. They do allow for non-NDA certified seeds on five planted acres or less.

Challenges of growing hemp in Nevada

The biggest challenge for the Nevada hemp industry has to do with the federal regulations against hemp. Most of the hemp in Nevada is slated for human consumption, including CBD. Other uses for hemp, such as textiles, ropes, and paper are virtually ignored because to process these items takes big equipment and big dollars. Investors aren’t willing to invest until hemp is federally legal.

Hemp market price in Nevada

  • $200 or more per pound for flower, depending on CBD content and quality.
  • $10 per pound for food-grade seeds
  • $45 per gallon for seed oil
  • $200 per ton of baled fiber

WHAT IS THE FUTURE OF STATE HEMP PROGRAMS?

At first glance it might seem as if legalizing industrial hemp across the board would be the best and only real solution to everything.

Whether it’s lack of industry expansion Nevada faces, the privacy rules Wisconsin has in place, or the potential market implosion in Oregon, legalized hemp would definitely have a positive impact to many of the challenges outlined.

The US Senate added an amendment to the 2018 Farm bill that could fully legalize hemp, but a ban on people with drug felonies could cause complications for growers already operating under state hemp programs. A US Senate hearing chamber in the US Capitol building.
The US Senate added an amendment to the 2018 Farm bill that could fully legalize hemp, but a ban on people with drug felonies could cause complications for growers already operating under state hemp programs.

However, legalized hemp will most likely present a whole new set of challenges anyway. For example, how should states handle intrastate commerce? Will there be a mandate on hemp prices? As of this article, Nevada’s hemp prices are through the roof at $200 or more for dried flowers, where Vermont is selling at $100.00 for the same.

Additionally, while the 2018 Farm Bill could soon legalize hemp, the current amendment would also ban felony drug convicts from growing hemp. No other agricultural crop faces similar restrictions, and both farmers and hemp advocates have objected to the provision.

For now, we can delight in the fact that hemp is back and back in a huge way. Legal hemp created a new economy, revealed awe-inspiring medical potential, and makes use of otherwise unused land.

Let’s all hope the federal government does the right thing and legalizes industrial hemp for every possible use imaginable, and for everyone to grow!

The post New State Hemp Programs: Growing Hemp In Wisconsin, Vermont, Oregon & Nevada appeared first on Ministry of Hemp.

]]>
https://ministryofhemp.com/state-hemp-programs/feed/ 1
Green Mountain State: ‘Lenient’ Vermont Hemp Laws Could Fuel New Hemp Boom https://ministryofhemp.com/vermont-hemp-laws/ https://ministryofhemp.com/vermont-hemp-laws/#comments Wed, 12 Sep 2018 20:06:46 +0000 http://ministryofhemp.com/?p=54293 Vermont hemp laws make it simple to grow hemp, and business is booming. As one grower told us, “Vermont is a very lenient state to grow hemp in. It’s hemp program is great.”

The post Green Mountain State: ‘Lenient’ Vermont Hemp Laws Could Fuel New Hemp Boom appeared first on Ministry of Hemp.

]]>
Vermont’s hemp laws make it simple to grow hemp, and business is booming.

Last month, we visited Luce Farm where we learned about growing hemp in Vermont. Luce Farm’s owner, Joe Pimentel, told us, “Vermont is a very lenient state to grow hemp in. It’s hemp program is great.”

This lead us to want to learn more about Vermont’s hemp program and what makes it so easy for new farmers to join. We did some research and we’ve collected all the information you’ll need to know why Vermont is a great place to grow hemp.

VERMONT HEMP LAWS AMONG THE NATION’S MOST PROGRESSIVE

Since hemp is so closely tied with marijuana, there are some states which just aren’t ready to start harvesting. Take Texas for example. Generally known for its highly conservative politics, it has yet to sign in on the 2014 Farm Bill which made it legal for states to decide if they want to grow hemp or not. The simple reason is the people and politicians of the area are resistant to the idea that hemp can be beneficial for agriculture and the economy.

A densely packed hemp field at Luce Farm. Vermont’s hemp laws are some of the most progressive in the nation. (Photo: Ministry of Hemp / Paul James)

Luckily, the proposed 2018 Farm Bill could legalize the crop on a federal level which would, inevitably, change the entire nation’s opinion on hemp. States like Vermont, and popular hemp growers like Colorado and Kentucky, have played a big role in this change in attitudes.

Doug Fine, a New Mexico hemp expert, told local reporters from myChamplainValley.com, “The Vermont law simply states, farmers and entrepreneurs in Vermont have access any hemp genetic that meet the federal definition of hemp.”

Vermont only charges $25.00 in annual registration fees to each grower. Fine called this kind of perspective on hemp forward thinking.

Furthermore, registration is very open to new farmers. Authorized by the Vermont Legislature in 2013, there are no limitations in terms of:

  • Amount of acreage
  • Residency requirements
  • How many registrations are available to the public

With this kind of policy, it’s no surprise that hemp’s popularity is expanding rapidly in Vermont. While about 575 acres of hemp were harvested in 2017, agriculture officials expect about 2,000 acres of hemp are being grown in Vermont this year.

In a report for Marijuana Business Daily, Kristen Nichols wrote, “Vermont has the nation’s loosest regulations and latitude that makes it an easy fit for hemp cultivators.”

She continued,  “Vermont hemp growers do not have to participate in a pilot project or a research collaboration with a University or state agriculture authorities — conditions laid out in the 2014 Farm Bill authorizing limited hemp production.”

On July 1st 2018, recreational cannabis became legal in the state of Vermont and, with that, came a new pilot program making it legal to buy and sell hemp under registration of the Agency of Agriculture. This means, as long as they follow state laws, growers and distributors won’t have to worry much about Federal Agencies cracking down.

WHAT AMERICA CAN LEARN FROM VERMONT HEMP LAWS

The most obvious — profit. Politicians and farmers alike see that hemp can be extremely lucrative for Vermont. Competition is already sprawling: neighboring New York state has invested more money into its hemp production. Even so, there’s still more money being made per pound in Vermont than other progressive states.

A massive, tall hemp field with the Vermont mountains behind it. Luce Farm, pictured here, is helping to create a growing hemp boom in the Green Mountain State thanks to Vermont's hemp laws.
Luce Farm, pictured here, is helping to create a growing hemp boom in the Green Mountain State thanks to Vermont’s hemp laws. (Photo: Ministry of Hemp / Paul James)

To give you an idea, the Marijuana Business Daily reports:

  • In Vermont, growers make about $100 or more per pound of dried flower/bud, around $1 per pound of seed, and 10 cents per pound of stalk.
  • In Colorado, where competition is stronger, growers make about $28 per pound of dried flower/bud, but up to $9 per pound of seed.
  • The best place to grow (financially speaking) is currently Nevada. Growers there make up to $200 per pound of flower, $10 per pound of seed, and 10 cents a stalk.

The above numbers only account for those who grow hemp and immediately sell the plant as is. Many farmers produce hemp products directly from their crops, which is oftenmuch more profitable.

VERMONT LOOKS LIKE THE FUTURE OF AMERICAN HEMP

People who grow their own hemp and create their own products see much more profit off their cultivation. Furthermore, in terms of Vermont, the new pilot program is guaranteed to be more lenient in this regard. Growers can create hemp products without much strict federal regulation.

To any hemp farmer looking to make the most out of the hemp industry, Vermont looks to be the place. Vermont’s tolerant laws and support of growers creating their own merchandise will attract more hemp enthusiasts.

For those interested, here’s a link to Vermont’s Hemp Registration form.

The post Green Mountain State: ‘Lenient’ Vermont Hemp Laws Could Fuel New Hemp Boom appeared first on Ministry of Hemp.

]]>
https://ministryofhemp.com/vermont-hemp-laws/feed/ 2