These hemp farmers are making a killing on the CBD industry
Blue Forest Farms used to grow hundreds of acres of kale, squash and pumpkins. But it has since switched its focus to a different cash crop: hemp.
The farm, which is located in Erie, Colorado, has dedicated 150 acres to growing hemp so far -- and it's still planting."We're now expanding it to 1,000 acres," said McKenzie Mann, Blue Forest's production manager. About 500 acres will come from land previously used to grow kale and squash. Farmers across the United States have been rushing into hemp ever since President Donald Trump signed the Farm Bill into law in December.
"While hemp is unbelievably profitable for farmers, growing it has its challenges," he said. For starters, the seeds aren't cheap. Good quality seeds guaranteed to provide high CBD levels and low amounts of THC that fall below the federally mandated 0.3% threshold, can range from $1 to $2 each. Hemp farming is also labor intensive.
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