New York's Hemp Industry is Back After 80 Years of Prohibition
Hemp sales now legal in New York
New York, like many states in America, was once home to a thriving hemp industry. Prior to 1937, hemp was grown all over America, and New York was no exception.
With the dawn of hemp prohibition in 1937, New York was forced to shut down its hemp industry, and hemp eradication became the new norm in New York.
In 2014 New York passed a hemp bill allowing cultivation and harvesting of hemp in New York but only for research purposes. This has created a situation in which hemp growers were forbidden from selling their harvests.
On Friday New York's Governor Andrew Cuomo signed a bill (S06960) legalizing the distribution of hemp. Hemp farmers can now sell their harvests to buyers in New York State.
Hemp was being grown in New York prior to the bill being passed, but the signing of this bill into law now makes hemp an actual industry again in New York for the first time in 80 years.
It is estimated that hemp can be made into over 25,000 different products, from food to fuel. Hemp is a very hearty plant that is somewhat easy to grow compared to other crops, and yields far quicker than trees.
With the new law on the books, New York farmers can now go back to farming a crop that served the state's agricultural community well for many, many years.
One farmer is ready to test the market
From what I have read, there is only one licensed hemp farmer in New York right now. The company is called JD Farms, and is located Madison County. Specifically, in Eaton. The farm is about 30 acres in size, and is going to be the first farm to harvest hemp in New York in 8 decades. This is truly historic.
"This bill makes it possible for us to negotiate price-points with interested buyers and produce statistically relevant data about the current state of the market for other farmers and institutions interested in participating in the program," said Dan Dolgin, co-owner of JD Farms, according to Press & Sun Bulletin.
One thing I have always wondered is how much an acre of hemp harvest is worth? Right now, hemp is imported from other countries, mainly China and Canada. I'm curious to see how wholesale hemp prices in New York compare to imported hemp. Time will tell.
Hemp is on the rise, again
New York is not the only state allowing hemp cultivation. There are states all across the country with hemp crops being grown and harvested right now. A 2013 change in federal enforcement policy has resulted in a lot of states starting pilot hemp programs, with more and more farmers looking into growing hemp.
I watched an Oregon hemp harvest via a friend's Facebook page within the last week. He owns Oregon Hemp Works, which has made soaps and other hemp products for many years. This will be the first time the company makes hemp products with Oregon grown hemp, which is truly historic.
There is already a thriving hemp product market in America, with annual hemp sales in the hundreds of millions. That market is obviously hungry for American hemp. Now it's just a matter of time until American farmers can meet the demand, and hemp products across America can carry the distinction of being 'Made in America.'
Would you be more likely to purchase a hemp product that was made with hemp grown in America over a product that was made with hemp grown in another country?
|depends on the cost compared to foreign hemp||