Frequent question: Can I grow hemp in New York State?

Due to a change in Federal Law, authorizations to grow hemp in New York State pursuant to the authority cited above, will expire January 1, 2022. Processors of cannabinoid hemp or cannabidiol (CBD) are now regulated by the New York State Department of Health Cannabinoid Hemp program.

Do you need a license to grow hemp in New York?

The short answer is no, you aren’t allowed to grow hemp in New York unless you have a license to farm it. The state’s farming program requires that interested farmers apply for a license from the Department of Agriculture.

Can you legally grow hemp in New York State?

In New York State, the only lawful way to grow and process hemp is through participation in New York’s Industrial Hemp Agricultural Research Pilot Program, created under the 2014 Farm Bill, by receiving authorization as a research partner.

How much does it cost to plant 1 acre of hemp?

In addition, most of the studies compare the estimated hemp costs and returns to those for other crops. The Kentucky Task Force estimated total costs— which include variable costs, fixed costs, and operator labor—to be $286 per acre for hemp fiber, $196 for seed, and $233 for certified seed (table 7).

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Can you grow CBD hemp in NY?

Due to a change in Federal Law, authorizations to grow hemp in New York State pursuant to the authority cited above, will expire January 1, 2022. Processors of cannabinoid hemp or cannabidiol (CBD) are now regulated by the New York State Department of Health Cannabinoid Hemp program.

How much is a ton of hemp worth?

In the field, one acre of hemp can produce around 2.5 to 3 tons worth of fiber. The average price of fiber changes, but is somewhere around $250 to $300 per ton.

How do I sell hemp in NY?

An attestation that you will comply with the rules and regulations of the New York State Cannabinoid Hemp Program; Submission of a $300 Cannabinoid Hemp Retail License fee for each retail location selling cannabinoid hemp products; or for a Distributor Permit, submission of a $300 Distributor Permit fee.

Is farming hemp profitable?

You can farm hemp for fiber, grain, CBD oil, CBG oil, smokable flower, and more. Certain hemp products are more profitable than others. For instance, CBD oil can be very profitable and, on the premium end, can sell for more than $1000 per kilogram.

How much would it cost to start a hemp farm?

Hemp Growing Business Costs

Fixed costs ($1,280 per acre): Machinery $800. Irrigation System $4,500. Drying Barn $6,000.

What is the most profitable crop per acre?

Bamboo. Bamboo is one of the most profitable crops to grow per acre. It can bring in lots of revenue, but the catch is it takes about three (3) years for the bamboo to get “established” once planted.

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