COLORADO: A Colorado biotech company plans to open a large-scale industrial hemp processing facility that will take the crop’s would-be waste — namely hemp stalks — and make it useful.
The hemp biorefinery is being established by Fort Lupton-based PureVision Technology, Inc., and illuminates the growing enthusiasm around hemp entrepreneurship. But the northern Colorado company’s recent announcement also points to the ongoing federal legal challenges to jump-starting American processing of industrial hemp. The plant, which is cannabis without psychoactive properties, has been grouped alongside heroin, MDMA/Ecstasy and other federal Schedule 1 drugs for more than 40 years. Hemp farming returned to Colorado last year on a limited basis.
PureVision Technology already processes plant waste from such crops as corn and wheat into raw materials including pulp for paper and sugars for biofuel. The company sells those fresh raw materials internationally to consumer-product manufacturers.