When We Started Growing Hemp In Colorado, Everyone Was Thinking About The Traditional Lines Of Growing For Seed, Food, Fiber And Shelter, Rimey Says.

Colorado Leads Country in Hemp Production, a Growing Field Rimey believes that Oregon, which increased its hemp fields from 500 acres in 2016 to 3,469 this year, is in a better position to become the country’s leading producer. “They’re coming up in a big way. They have a more favorable system out there,” he says, explaining that the CDA only tests hemp plants for THC potency and not the final product, such as CBD oils and isolates – unlike Oregon, which tests the final product. Because cannabinoid extraction can further remove THC from CBD concentrates, hemp-industry advocates are calling on states with legalized hemp to apply the 0.3 percent THC limit to the final product, and not the plants themselves. “With any legislation, you run the risk of unintended consequences. When we started growing hemp in Colorado, everyone was thinking about the traditional lines of growing for seed, food, fiber and shelter,” Rimey says. “But that’s just not the case anymore.” medical marijuana Hemp farmers have largely shifted their focus from hemp seeds and fibers to CBD oil. Some industry experts estimate that as many as 95 percent of the hemp farmers in Colorado are growing solely for CBD extraction – and with good reason. According to Hemp Business Journal’s 2017 mid-year report, CBD product sales more than tripled from 2014 to 2017 , going from $108.1 million to $358.4 million. By 2022, the report estimates that the CBD industry will take in $1.812 billion in sales.

To read more visit http://www.westword.com/marijuana/colorado-leads-country-in-hemp-production-hemp-vote-says-9648009

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