NORTH CAROLINA: North Carolina farmers are picking up the pace in planting what they believe will be the next cash crop… industrial hemp. The “Carolina Gold,” as one North Carolina fourth generation farmer referred to industrial hemp, is expected to bring in a huge potential source of income among farmers in the state. Thus far, Hemp, Inc.’s licensed farming associates in North Carolina have secured over 150 pounds of CBD-rich hemp seeds which are currently being planted in order to be harvested by September/October. CEO of Hemp, Inc. Bruce Perlowin says that amount of CBD-rich hemp seeds along with the 17 acres of high-CBD clones they are planting in North Carolina and Colorado will be one of, or, the largest CBD hemp grows in the United States (approximately 550 acres total).
“Since North Carolina farmers can source domestic seed for planting industrial hemp, it’s almost a race in the Tar Heel state to see who can get the seeds and the clones in the ground first. Everyone wants to try their hand at the lucrative crop. And with Hemp, Inc.’s Hemp University educational symposiums, teaching farmers how to grow hemp for profit, the learning curve isn’t as massive as it once was,” said Perlowin.
As announced in Hemp, Inc.’s last press release, the company has already purchased its first industrial NuAxon Tech CO2 Supercritical extractor from NuAxon BioScience, the manufacturer and producer of the world class, large capacity CO2 Supercritical Extraction equipment. With the industry’s expanding CBD market and ever-increasing consumer CBD sales over the past few years, executives are set to purchase its second CBD Extractor this year as well. The Hemp Business Journal projects the CBD market will “grow to a $2.1 billion market in consumer sales by 2020 with $450-million of those sales coming from hemp-based sources.” David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), has been researching CBD extraction methods and manufacturers for the past 2 years and feels confident Hemp, Inc. will greatly benefit from the in-house CBD extraction method.