Hemp Industry Magazine Fall 2019

Hemp Facts & Figures 310,000+ Hemp S ince passage of the 2018 Farm Bill, all eyes have been on hemp, marijuana’s street-legal cousin. Hemp Industry Daily’ s “Cultivation Snapshot: U.S. Hemp Prices and Supply” report found there were more than 10,000 licensed hemp producers actively growing the plant in 2019 in the top 10 hemp- producing states. It’s not just hemp producers, either: Investors are increasingly climbing aboard the hemp and CBD wagon, with capital raises in the hemp sector up more than 500% during the first 30 weeks of 2019 compared to the same period in 2018. While CBD producers eagerly await final guidance from the U.S. Food and Drug Administration on the use of CBD in consumer packaged goods, federal support for hemp producers has appeared in the form of a $500,000 funding program to develop a hempseed repository and research station.This may benefit producers in years to come by advancing hempseed genetics and cultivation science. Total yearly capital raises in the hemp sector through week 30 of 2019, including $231 million in equity raises and $90 million in debt. That’s a 555% increase over the $49 million that had been raised by the hemp sector through this date in 2018, highlighting hemp’s post-2018 Farm Bill popularity. Increase in hemp acres planted between 2018 and 2019 by Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer. Of the 862 acres planted so far in 2019, 43% were in Oregon, 38% in Kentucky and 19% in Colorado. by Maggie Cowee seizes the DAY $321 million Source: Viridian Capital Advisors Estimated total acreage licensed for hemp production in the top 10 hemp-producing states in the United States. These states are Colorado, Kentucky, Montana, Nevada, New York, North Carolina, North Dakota, Oregon, Tennessee and Wisconsin. Source: Hemp Industry Daily Source: Charlotte’s Web 6 HEMP INDUSTRY MAGAZINE • FALL 2019 187%