Interesting comparative costs :
Adding HEMP to an operation allows growers to diversify their revenue stream and capitalize on a crop that could soon become legal at the federal level – thanks to the 2018 Farm Bill pending before Congress. It also allows them to capitalize on the booming popularity of CBD products.
On the current market, hemp-grown flower is selling for about $50-$60 a pound – or about $5-$6 per percentage of CBD – and a good benchmark for hemp is roughly 10% CBD.
Typically a grower can expect about a pound of flower per hemp plant. However, a HEMP farmer can conservatively plant 2,000 plants per acre. In other words, one can enjoy a yield of about $100,000-$120,000 per acre.
HEMP extractors estimate there production costs at about $10,000 per acre. At 2,000 pounds per acre, that comes to about $5 a pound in costs. Compare that with the production costs for marijuana, which averages $305 a pound for outdoor grown cannabis, according to the Marijuana Business Factbook 2018.
The regulatory costs for HEMP are also far lower. As an example, a typical marijuana operation is required to have 35 cameras, along with a 90-day backup of recorded video as well as steel doors on all buildings --- typically, marijuana is required to be contained within a building.
For HEMP, all one needs is a permit that costs around $1,300 and one can then start growing depending on the particular laws and regulations for the state one is in.
Perhaps more importantly, the HEMP market – CBD market – is worldwide, and that allows one to be able to expand processing abilities and in turn to ship oils across the country and even internationally.
https://mjbizdaily.com/why-a-saturated-mariju...aignId=370
Adding HEMP to an operation allows growers to diversify their revenue stream and capitalize on a crop that could soon become legal at the federal level – thanks to the 2018 Farm Bill pending before Congress. It also allows them to capitalize on the booming popularity of CBD products.
On the current market, hemp-grown flower is selling for about $50-$60 a pound – or about $5-$6 per percentage of CBD – and a good benchmark for hemp is roughly 10% CBD.
Typically a grower can expect about a pound of flower per hemp plant. However, a HEMP farmer can conservatively plant 2,000 plants per acre. In other words, one can enjoy a yield of about $100,000-$120,000 per acre.
HEMP extractors estimate there production costs at about $10,000 per acre. At 2,000 pounds per acre, that comes to about $5 a pound in costs. Compare that with the production costs for marijuana, which averages $305 a pound for outdoor grown cannabis, according to the Marijuana Business Factbook 2018.
The regulatory costs for HEMP are also far lower. As an example, a typical marijuana operation is required to have 35 cameras, along with a 90-day backup of recorded video as well as steel doors on all buildings --- typically, marijuana is required to be contained within a building.
For HEMP, all one needs is a permit that costs around $1,300 and one can then start growing depending on the particular laws and regulations for the state one is in.
Perhaps more importantly, the HEMP market – CBD market – is worldwide, and that allows one to be able to expand processing abilities and in turn to ship oils across the country and even internationally.
https://mjbizdaily.com/why-a-saturated-mariju...aignId=370
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