Vermont’s hemp laws make it simple to grow hemp, and business is booming.
Last month, we visited Luce Farm where we learned about growing hemp in Vermont. Luce Farm’s owner, Joe Pimentel, told us, “Vermont is a very lenient state to grow hemp in. It’s hemp program is great.”
This lead us to want to learn more about Vermont’s hemp program and what makes it so easy for new farmers to join. We did some research and we’ve collected all the information you’ll need to know why Vermont is a great place to grow hemp.
VERMONT HEMP LAWS AMONG THE NATION’S MOST PROGRESSIVE
Since hemp is so closely tied with marijuana, there are some states which just aren’t ready to start harvesting. Take Texas for example. Generally known for its highly conservative politics, it has yet to sign in on the 2014 Farm Bill which made it legal for states to decide if they want to grow hemp or not. The simple reason is the people and politicians of the area are resistant to the idea that hemp can be beneficial for agriculture and the economy.
Luckily, the proposed 2018 Farm Bill could legalize the crop on a federal level which would, inevitably, change the entire nation’s opinion on hemp. States like Vermont, and popular hemp growers like Colorado and Kentucky, have played a big role in this change in attitudes.
Doug Fine, a New Mexico hemp expert, told local reporters from myChamplainValley.com, “The Vermont law simply states, farmers and entrepreneurs in Vermont have access any hemp genetic that meet the federal definition of hemp.”
Vermont only charges $25.00 in annual registration fees to each grower. Fine called this kind of perspective on hemp forward thinking.
Furthermore, registration is very open to new farmers. Authorized by the Vermont Legislature in 2013, there are no limitations in terms of:
- Amount of acreage
- Residency requirements
- How many registrations are available to the public
With this kind of policy, it’s no surprise that hemp’s popularity is expanding rapidly in Vermont. While about 575 acres of hemp were harvested in 2017, agriculture officials expect about 2,000 acres of hemp are being grown in Vermont this year.
In a report for Marijuana Business Daily, Kristen Nichols wrote, “Vermont has the nation’s loosest regulations and latitude that makes it an easy fit for hemp cultivators.”
She continued, “Vermont hemp growers do not have to participate in a pilot project or a research collaboration with a University or state agriculture authorities — conditions laid out in the 2014 Farm Bill authorizing limited hemp production.”
On July 1st 2018, recreational cannabis became legal in the state of Vermont and, with that, came a new pilot program making it legal to buy and sell hemp under registration of the Agency of Agriculture. This means, as long as they follow state laws, growers and distributors won’t have to worry much about Federal Agencies cracking down.
WHAT AMERICA CAN LEARN FROM VERMONT HEMP LAWS
The most obvious — profit. Politicians and farmers alike see that hemp can be extremely lucrative for Vermont. Competition is already sprawling: neighboring New York state has invested more money into its hemp production. Even so, there’s still more money being made per pound in Vermont than other progressive states.
To give you an idea, the Marijuana Business Daily reports:
- In Vermont, growers make about $100 or more per pound of dried flower/bud, around $1 per pound of seed, and 10 cents per pound of stalk.
- In Colorado, where competition is stronger, growers make about $28 per pound of dried flower/bud, but up to $9 per pound of seed.
- The best place to grow (financially speaking) is currently Nevada. Growers there make up to $200 per pound of flower, $10 per pound of seed, and 10 cents a stalk.
The above numbers only account for those who grow hemp and immediately sell the plant as is. Many farmers produce hemp products directly from their crops, which is oftenmuch more profitable.
VERMONT LOOKS LIKE THE FUTURE OF AMERICAN HEMP
People who grow their own hemp and create their own products see much more profit off their cultivation. Furthermore, in terms of Vermont, the new pilot program is guaranteed to be more lenient in this regard. Growers can create hemp products without much strict federal regulation.
To any hemp farmer looking to make the most out of the hemp industry, Vermont looks to be the place. Vermont’s tolerant laws and support of growers creating their own merchandise will attract more hemp enthusiasts.
For those interested, here’s a link to Vermont’s Hemp Registration form.