Is a Hemp Farm in New York Profitable?

If you are pondering the idea of starting a hemp farm in New York, there are a few things you might want to know before you jump in with both feet. Although, yes, hemp is very profitable if you follow the rules and regulations that govern the growth and use of it, if you fail to follow these rules, the consequences could be devastating. Here are some things that you should think about before you begin.

Industrial Hemp and THC

Industrial hemp is legal for farmers to grow and process for CBD products if it adheres to some strict guidelines. CBD and THC are both cannabinoids that are present in the cannabis plant. THC is considered to be problematic because it causes psychoactive effects for the people that use it. CBD, on the other hand, does not cause people to become inebriated when they use it.  Over the years, the hemp industry has been able to develop a form of the cannabis plant that is lower in THC content and higher in CBD content. In order for the hemp plant to be considered hemp and not marijuana, it has to have a THC content of 0.3% or less. If the THC content is any higher than the regulated amount, it will be deemed illegal. Whether or not a particular state chooses to enforce these federal regulations can vary from state to state.

Healthy Hemp Plants Make the Difference

The thing about hemp extracts is that in order to be of high-quality, it has to come from high-quality hemp plants. Sure, anybody can put a seed in the ground and watch it grow if they give it water and sunlight, but there are a lot more factors that go into the production of high-grade hemp plants. The ground that the hemp is grown on has to be sustainable soil that has not been stripped of the valuable nutrients that allow plants to grow into healthy plants. If the plants lack proper nutrients, the cannabinoids that they produce will be weak and virtually useless. In order to ensure a great crop, the plants have to be grown on great land.

Timing is Everything

When it comes to harvesting the highest quality hemp, the timing has to be pretty close to perfect. There is a point in the time of maturity that the hemp plant will begin to produce higher levels of THC and lose the potency of CBD. It is crucial that when the plants come at the exact stage that is perfect for picking that they get harvested and cared for in a timely manner. If they are harvested too soon, there will not be enough of a CBD content for them to be worthy of production, and if they are harvested too late, there will be too much THC present in the plant for it to be legal. In addition to these issues, if the hemp is harvested then sits for too long without being properly dried, molds and mildews will develop on the plant and can cause the extract to be contaminated.

CBD Is On the Rise 

The popularity of CBD is getting so prominent that investment companies are predicting that by the year 2025, the hemp industry will bring in upwards of 23 billion dollars a year. This is quite a bit of money, and there is still a lot of room for investors and other people to jump on the bandwagon. If you want to start a hemp farm, there is no time like the present.

High Falls Hemp NY Hemp Farm

High Falls Hemp NY is a family-owned farm that has been producing CBD products since the beginning of the hemp revolution in 2014. From seed to soul, every plant that is grown on the beautiful farmlands in New York is cared for and nurtured with the utmost of care. If you want to be profitable in the hemp industry, take a close look at High Falls Hemp NY and see how it is done.

Mary Jackson 1942