I am in Ky. and am going to grow an acre of hemp,for CBD. My application fee was $100.My background check was $20.My license was $400. All these expenses are to be compliant with federal drug laws-it's extra work for the Dept of Ag.Growing hemp for CBD is not the same as growing for fiber. It will harvested and cured out similar to tobacco. For my 1 acre I expect to have over 400 man hrs of hand labor. Plus time plowing and discing, and spreading lime. Then laying plastic mulch, and setting the cloned plants with a water wheel(like vegetables). To put this crop out will cost maybe $4500 or more -not sure just yet. It has a short window of harvest in late September. The Ky. dept of Ag has to certify the THC level is below.3%. The trick will be to get the CBD (canibidiol) percentage above 10% and closer to 15%, and keep the THC level below .3% Our processor pays by the pound by percentage point. Every step of planting , storage shipping(hauling),has to be documented by the Ky dept of Ag. Our processor is working very closely with us growers to grow the highest quality CBD hemp. As far as I know Ky is leaps and bounds ahead of other states in this venue. Our state has multiple processing plants for CBD. The hemp fiber market will be lower payout, but much less labor. I am more excited about this season than I have been for a long time. Mark.
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