The recent legalization of hemp in Vermont has seen business’ growing rapidly, allowing them to grow and sell without repercussions.
We visited Luce Farm last month, a ‘diverse organic production farm focused on creating quality products like CBD hemp gum with full-spectrum CBD oil to enrich your well-being’.
Joe Pimentel, the owner of Luce Farm, told us that “Vermont is a very lenient state to grow hemp in. Its program is great.”
We did the research for you about why it is so easy for other farmers to join in. After this, you’ll know exactly why Vermont is one of the best places to grow hemp. Maybe you’ll even want to join in yourself.
VERMONT HEMP LAWS ARE SOME OF THE MOST REVOLUTIONARY
Many states are not quite ready to harvest yet, as hemp is so closely associated with marijuana.
However, hemp and marijuana are two different kinds of a breed of cannabis.
Hemp is said to have no use as a recreational drug as it is only made up of 0.3% THC maximum, making it no-where near possible to feel any after effects.THC levels for marijuana, however, range between 5-35%.
Texas is one example of a state that is not ready to harvest yet. It is a state that is still yet to sign the 2014 Farm Bill which made it legal for all states to determine whether they would want to grow hemp or not.
The people of Texas oppose the idea that hemp could be useful regarding the economy and agriculture.
The proposed 2020 Farm Bill could decriminalize hemp on a Federal level, potentially changing the state’s viewpoint on the crop.
Colorado and Kentucky, two leading hemp growers, have played a big part in changing the attitudes of people.
New Mexico hemp expert Doug Fine says that “The Vermont law simply states, farmers and entrepreneurs in Vermont have access to any hemp genetic that meet the federal definition of hemp.”
In Vermont, $25.00 is the annual amount you need to pay if you wish to grow. Fine believes that this outlook on hemp is innovative.
Registrations are now open to all farmers. Authorized by the Vermont Legislature in 2013, there are no constraints in the amount of acreage, residency requirements and how many registrations are available to the public.
With these guidelines, it isn’t a shock that the popularity of hemp in Vermont is increasingly growing faster than ever before.
In 2017, 575 acres of hemp were accumulated. Now in 2020, agriculture officials predict around 2,000 acres of hemp will be grown.
In an article for ‘Marijuana Business Daily’, Kristen Nichols said that “Vermont has the nation’s loosest regulations and latitude that makes it an easy fit for hemp cultivators”
“Vermont hemp growers do not have to participate in a pilot project or a research collaboration with the University or state agriculture authorities – conditions laid out in the 2014 Farm Bill authorizing limited hemp production” she said.
A pilot program was made after the state of Vermont legalized the use of recreational cannabis on July 1st, 2020. This meant that buying and selling hemp was now legal under the registration of the Agency of Agriculture.
Now, if businesses in Vermont stick to the state laws, growers and distributors will not have to face any uncertainties about Federal Agencies interfering.
WHAT AMERICA CAN TAKE AWAY FROM VERMONT’S HEMP LAWS
Profit. The most self-evident, straightforward reason. Already farmers and politicians are seeing that hemp production can be quite profitable.
Even New York has invested more money in the hemp industry.
However, still, more money is being made in Vermont than any other state.
To give you more of an insight, the Marijuana Business Daily reports that:
– 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 a stalk
– In Colorado, growers make about $28 per pound of dried flower/bud, but up to $9 per pound of seed
– Financially, the best place to grow is currently Nevada. Growers make up to $200 per pound of flower, $10 per pound of seed, and 10 cents a stalk
The numbers above are only regarding those who grow and sell hemp as it already is. Many other farmers will go on to produce other hemp-related products such as organic CBD oil and capsules, body care, health foods, and plastic composites, and end up making even more profit.
Along with making these other products, hemp has a strong environmental benefit.
Hemp can grow in many different climates and types of soils and is by nature resistant to most pests. It can also be a natural replacement for cotton and fiber.
IF YOU WANT TO GROW HEMP, VERMONT LOOKS LIKE THE PLACE TO BE
Growers will be able to grow more hemp and produce many other products such as CBD hemp gummies without severe regulation by the Federal Government, making it less of a hassle to do so.
Those who grow hemp and make other hemp-related products generally see much more revenue off of their farming and in relation to Vermont, the new pilot program will be more allowing in this sense.
If there are any farmers out there that are wanting to make it big in the hemp industry, now is the time to do so and it looks like Vermont is the place to be doing it.
Their progressive laws and encouragement towards growers will see hemp supporters be more attracted to the state than ever before. Read more regarding with the law at https://cbdoiladviser.com/.