A growing field
Industrial hemp sales brought in $4.6 billion in 2019 and forecasted to hit $26.6 billion by 2025
High value
Quality hemp flower prices sit at hundreds of dollars per pound, with productive farms yielding over a ton of consumable flower per acre
High yielding
Upwards of 8,000 pounds of extractable biomass per acre
Quick turnaround
Sprouted seed to harvest in as little as 90 days, with full season crops maturing in under 150 days
Multiple harvests per year
Spring, summer, and fall crops possible in many of California’s farming regions
Less water
Hemp crops use around 5 inches of water per acre per season vs over 40 inches for many nut tree crops
Fewer pests
Shorter life cycle means less time treating for pests
Fewer off season variables
Crop success isn’t reliant upon bee pollination or effected by freezes or inclement weather during blossoming
Federally legal
Low THC cultivars allow farmers to operate legally under the 2018 farm bill and export compliant flower across state lines
National demand
Crop prices are not dictated by international export tariffs and politics
