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Vermont On Green Mountain State Hemp Boom

The state of Vermont has made it very easy to cultivate hemp creating opportunities for entrepreneurs. This has led to rapid growth of the industry across the state.

Vermont’s Luce Farm is a great example of the rapid growth in hemp production. The farm’s owner Joe Pimentel says that the state is very supportive to hemp farmers and the program put in place to regulate the cultivation is friendly.

According to Pimentel, Vermont is the place of choice for anyone planning to grow hemp.

 

VERMONT HEMP LAWS AMONG THE NATION’S MOST PROGRESSIVE

The link between hemp and marijuana has affected how different states have approached the cultivation of hemp. Both marijuana and hemp belong to the cannabis family.  The two plants contain the same ingredients (THC and CBD) but they are unique strains with particularly different phytochemical makeup. THC or tetrahydrocannabinol is the active ingredient found in cannabis that is responsible for the psychoactive or “high” effect. CBD oil is cannabidiol which belongs to a class of chemical compounds found in the cannabis plant called cannabinoids.

The difference between the two plants is in the amounts of the two chemicals present. This makes their uses different too. Hemp has much lower concentrations of THC (0.3%) and higher concentrations of cannabidiol (CBD). Marijuana, on the other hand, has high concentrations THC (5–20%) and trace concentrations of CBD. Cannabidiol has been found to be an antagonist to THC. This implies that CBD decreases or eliminates the psychoactive effects of THC. This is the reason hemp has zero psychoactive effect compared to the “high” experienced when marijuana is consumed.

The regulations for growing and processing industrial hemp differ widely between countries around the world. Some countries only permit hemp with very low THC concentrations to be cultivated through strict monitoring at the time of harvesting.

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In the United States, hemp can only be cultivated with a license and is limited for research purposes under the 2014 Farm Bill. Under the Controlled Substances Act, hemp is related to marijuana and the plant and related products are considered illegal in the statutes. It has been particularly difficult to grow hemp on an industrial scale in the U.S. However, under the 2014 Farm Bill individual states have been gradually passing legislation to regulate how the crop is cultivated.

For example, Texas is yet to ratify the 2014 Farm Bill. The bill basically legalizes hemp growing for research purposes but gives states the freedom to decide the local regulations that will govern the industry. The state is known for its conservative political environment where politicians are still unreceptive to the prospect of large-scale hemp growing that can be tapped for a huge boost to the local economy.

The hope among hemp advocates is that the 2019 Farm Bill if passed will legalize the plant at the federal level which will make it easier to cultivate it within the states. Progress has been made under the 2014 bill with states like Colorado and Kentucky playing a central role in the massive growth of the industry. if the 2019 Farm Bill comes into effect other states will begin production and this will bring a big transformation in attitudes and opinions about hemp across the nation. This will give impetus to early players in states like Vermont.

The state of Vermont has made it simple to grow hemp by crafting a law that gives entrepreneurs and farmers the liberty to choose any strain of hemp that meets the federal threshold and cultivate it on their farms. All that is needed is payment of a $25 annual registration fee which is open to new entrants.

 

indoor hemp farm

 

Under the Vermont law, there are no restrictions on the number of people that can be registered to grow hemp in the state and the field is wide open for residents and anyone who may not be a resident. The acreage under cultivation is also unrestricted.

The perspective in Vermont on hemp farming can be described as liberal and forward thinking. This has augmented hemp’s popularity resulting in an increase in production to cover 575 acres in 2017 according to officials in the agriculture department. This growth is expected to gain momentum this year to about 2,000 acres of hemp – vareity of pure CBD oil products will become abundant in the market as a result.

Writing in the Marijuana Business Daily, Kristen Nichols says that Vermont is a progressive state that has the simplest and most flexible laws in the nation. She added that Vermont’s lead has made hemp cultivation a viable occupation that can transform lives.

She further pointed out that although the 2014 Farm Bill limited hemp cultivation for research purposes in conjunction with learning institutions, growers in Vermont have the advantage of being able to commence production without taking part in pilot programs with the state agriculture department.

 

WHAT AMERICA CAN LEARN FROM VERMONT HEMP LAWS

Hemp is now a very profitable crop among farmers in different states. Across the nation, farmers are reaping the benefits of hemp through huge profits.

A pound of dried flower/bud fetches $100 in Vermont, $28 in Colorado and $200 in Nevada. A pound of seed fetches $1 in Vermont, $9 in Colorado and $10 in Nevada.

Although Nevada is currently the more profitable area for hemp farming, it is clear that states like Vermont have realized that there is a lot of money in hemp production. The prices are for the raw plant and those who produce hemp products are poised to make bigger profits.

 

VERMONT LOOKS LIKE THE FUTURE OF AMERICAN HEMP

Farmers who engage in value addition may see their profits soar as the hemp becomes a mainstream crop. The new pilot program in Vermont will give growers the possibility of increasing revenues by producing hemp products in many forms like vape oils without interference from federal authorities.

Vermont’s liberal laws and the state’s support for the hemp industry will provide a foundation for a thriving industry that will boost the local economy and provide farmers with a sustainable crop with huge income potential.

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