hemp farming profit per acre 2020

Heres how the math works according to the report: The report also gave a sample list of the largest U.S. cultivators that have planted over 100 acres. The investment should pay for itself in 10 years, and then yield $500+/mo for a 10-kilowatt Gasifier. Right now, the banking regulations for marijuana companies are very draconian. Having considered all variables, experts have come to the conclusion that farms averaged $673 total revenue per acre and averaged $664 total cost per acre. Australian company Elixinol has 4,942 acres in Colorado and Crop Infrastructure Corp. farms 2,115 acres in Nevada. Theeducational seminars, through the Hemp University, are held as needed. 1. According to Hemp Industry Daily, the average profit per acre of hemp grown in the United States was $988 in 2020. Dividing the $2000 (price for a year of fuel figured above) by 12 acres = $166/acre for the hemp farmer. Using these fugues, ($2000/yr) the investment of $20,000 would pay for itself in 10 years. The cost estimates are representative of average costs for farms in Iowa. Brightfield looked at where the top U.S. CBD companies were getting their hemp and of the 21 top companies, 69% sourced their product within the U.S. With an influx of public companies wanting to expand into the industrial hemp industry, Hemp, Inc. has been inundated with potential consulting and joint venture agreements. Cost of production estimates, per bushel, for herbicide-tolerant soybeans are $8.89, $8.72 and $8.57, assuming 50, 56 and 62 bushels per acre, respectively. This summer Agua, Susan, and others have been setting up at the famous Red Rocks Amphitheater near Denver, CO. Theyve taken a step up. We are estimating that the local price will continue to drop this year with the large supply that is out there, and best case, we will see a price of one dollar and twenty-five cents per pound, per percentage of CBD, per acre, says Jelliffe. People in Colorado were asked to Vote 4 20. Wheat is projected to be less profitable than corn or stand-alone soybeans in central Illinois, but more profitable than corn when paired with double-crop soybeans. It is theonly U.S. farm in 2018 to plant a field commemorating the 80th anniversary of the enactment of the Marijuana Tax Act of 1937. On the CBD side, you have 1,000 to 1,600 plants per acre, planted and tended to as separate plants. Then in 1970, President Nixon included hemp in Schedule I of the Controlled Substances Act as his middle finger to the anti-war people. Additionally, the symposium touched on traditional practices in agriculture. For a detailed statement, please see the University of Illinois Copyright Information and Policies here. Notably, a wheat and double-crop soybean combination may provide value to a farm in other ways, such as for agronomic benefits or if straw is needed for livestock. Farmers have a lot of questions about hemp, so we asked expert Michael Bowman, founding chair of the National Hemp Association, to answer a few. Many farmers are limited by the crops that will grow in their planting region. The second lane in the industrial hemp world, the traditional side, will be the mainstream agricultural side. The largest proportion of costs involved in corn farming is land, fertilizer, and fixed and variable equipment. Division NineIndustrial Hemp Consulting. The Company originally planned for Puerto Rico to be a research and development hub, but found the barrier to entrance was much too great and has therefore changed its position to focus its research and development division on states where hemp is already legal. This might not be much, but with crop insurance and if you out in all the required inputs, you might break even from your corn farm. Featured in Plastics News Regarding Entry Into Hemp Bioplastics Industry to Help Fill Growing Demand for Eco-friendly Materials, https://www.hempinc.com/hemp-inc-announces-hemp-cultivation-now-legal-in-new-jersey-through-expanded-regulations/, Hit:ROSEBUD ORIGINAL VIDEO: Hemp University the Pre-Harvesting Symposium - Mail Tribune, September 9, 2019, Press Release:Hemp, Inc. Subsidiary, The Hemp University, Featured in Mail Tribune Showcasing Pre-Harvest Symposium Hemp Workshop, https://www.hempinc.com/hemp-inc-subsidiary-the-hemp-university-featured-in-mail-tribune-showcasing-pre-harvest-symposium-hemp-workshop/, Hit:Hemp In The Valley - CBS News 10, September 12, 2019, Press Release:Hemp, Inc. CEO Bruce Perlowin Featured on CBS News 10 in Oregon Discussing States Booming Hemp Industry, https://www.hempinc.com/hemp-inc-ceo-bruce-perlowin-featured-on-cbs-news-10-in-oregon-discussing-states-booming-hemp-industry/, Hit:Episode 72 : "King of pot, smuggling 101, and getting arrested on an airplane - Off Script With Trish Glose, CBS News 10 Podcast, September 25, 2019, Press Release:Hemp, Inc. CEO Bruce Perlowin to be Featured on the Podcast Off Script with Trish Glose This Wednesday, https://www.hempinc.com/hemp-inc-ceo-bruce-perlowin-to-be-featured-on-the-podcast-off-script-with-trish-glose-this-wednesday/, Hit:Why US Tobacco Farmers Are Switching To Hemp - Business Insider, September 16, 2019, Press Release:Hemp, Inc. On a per acre level, hemp for CBD is many times more profitable than hemp.. So hemp is a valuable option, but waste material and byproducts should be used first. Original Sources I-Scream and I-Scream sandwiches can be found at health food stores from Texas to Minneapolis thanks to Rainbow frozen distribution. Spinach Farming in India Tips to Sow, Grow & Harvest! As a result, soybeans are more profitable than corn across all regions using current prices for fall 2021 delivery. It will take another year. January 27, 2022 Page . He understands the nutritional value of the essential amino and fatty acids intrinsic in hemp seed. The same acre will also produce an average of 5,300 pounds of straw, which can be transformed into approximately 1,300 pounds of fiber. I have learned that average costs per acre of hemp is $500.00. (See Bruce Perlowinspersonal Facebook post on 3/17/18for a short video on this symposium. North Carolina is on the radar screen. Join our mailing list to receive the latest news and updates from the Hemp Market Report. Adams on Agriculture - Bruce Perlowin/Hemp, Inc. Hemp, Inc. seeking JV partners for processing facilities, CEO says, Hemp, Inc. holds first west coast educational seminar in Ashland, Hemp University: getting schooled on cannabis, How Hemp Is Giving Renewed Life To America's Tobacco Farmers, Tobacco growers may find new avenue in hemp farming, Industrial hemp has potential to be a big cash crop for area farmers, Hempathon" contest planned for Golden Valley, Hemp, Inc. Seeking Agriculture Suppliers and Farmers for Hempathon Event, Hemp Inc. to Hold Hempathon in Mohave County, ROSEBUD ORIGINAL VIDEO: Hemp University the Pre-Harvesting Symposium, Episode 72 : "King of pot, smuggling 101, and getting arrested on an airplane, Why US Tobacco Farmers Are Switching To Hemp, HEMP, INC. The Hemp University has helped transformthe livelihoods of North Carolina and Oregon farmers transitioning from tobacco and other crops to industrial hemp by providing them with the tools and support needed to gain a foothold in this burgeoning industry. While marketing is a critical facet of any business operation for increasing revenues, Hemp, Inc. believes there must be a keen focus on the infrastructure. We are reaching out to the national corn and soybean associations, because if we are going to have significant acreage its going to come from those camps. 1. of . 2023 Meredith Corporation. You grow those female plants much like you would a marijuana plant, with the difference being the amount of THC [active ingredient of cannabis]. Production costs are very less; the average cost you would need to invest is Rs 91,500 per acre of field. Profit associated with varying prices per CBD percentage point at a yield of 1,350 lbs of dry matter per acre. 0000004314 00000 n Readers are responsible for making their own assessment of the topics discussed here. 0000001206 00000 n The seminar helped others in the area who were interested in the hemp industry learn more about the Industrial Hemp Revolution and how this movement can not only transform Southern Oregons economy, but also revive family farms and small businesses in the surrounding areas. Projected returns range from $13.50 per acre for dryland corn to $194.55 per acre for irrigated corn. Jelliffe says the full report outlines criteria coming out of different research hubs from around the country. On the CBD side, you have 1,000 to 1,600 plants per acre, planted and tended to as separate plants. <>/Metadata 4315 0 R/ViewerPreferences 4316 0 R>> Since Connecticut approved the pilot program so growers could start growing in 2019, there was a call for additional information.. MB: Hemp oil. The Benefits of Self Storage When Opening an Online CBD Retail Business, How Indoor Farms Can Address Food and Marijuana Scarcity. Hemp is naturally low in this cannabinoid and has high CBD (cannabidiol) content, but if the THC exceeds the limit, the hemp grower is required to destroy the hemp crops with elevated THC levels. At the same time, farm income was forecast to increase nationwide in 2020 (see Farm Income and Wealth Statistics for details). Using these numbers, the estimated The old rules will allow the industry to grow rapidly. Soybean Storage at the US Market Level, 1974-2017, Department of Agricultural and Consumer Economics, Department of Agricultural, Environmental and Development Economics. Sensitivity analysis assuming dry matter yield of 1,350 lbs per The CBD oil that was extracted from the 2018 hemp grows in North Carolina has been made into pure crystalline CBD isolate which was added to the Companys King of Hemp branded line of pre-rolls that are now in the marketplace across all 50 states. File an acreage report with FSA, including the license or authorization number and identifying each field or subfield where hemp is planted. To listen to past Hemp University workshops, please visithemp-university.teachable.com. It will take nearly all of that to reach Johnsons projected net return to the farmer of $86.60 an acre for corn. <> 0000006263 00000 n 0000007220 00000 n Featured on Oregon NBC 5 Station Following Passage of 2018 Farm Bill, https://www.hempinc.com/hemp-inc-featured-on-oregon-nbc-5-station-following-passage-of-2018-farm-bill/, Hit:Carolinas next cash crop? Feminized seeds are the next best option. ptfqM*>ePtL~[js,$MI Cnu. The educational symposium was held at Louisburg College in Louisburg, North Carolina. In Robinsdale, Minn., in 1990, Das ran across some hemp seeds at a store. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. 1. Table 1 also shows double-crop soybean returns. 0000000967 00000 n The actual cost of farming this type of hemp plant will vary, but an average example would be around $300 to $350 per acre. Das got his seeds from the birdseed industry, the only hemp industry to survive the Marijuana Tax act of 1937, to use on his press, until seeds became legal in Canada. Jelliffe is hopeful the report will help farmers get the most out of their growing enterprises. 1. The average corn yield in 2022 was the highest on record and 14 bushels to the acre more than 2021. This investment is based on net billing, a retail price for the energy. When youre new to hemp farming, knowing how many acres of hemp you should plant is one of the most important things to make sure you optimize your gains. Gasification is 85% efficient, producing 1/3 charcoal, 1/3 gas, and 1/3 smoke (tars). Wheat prices now are relatively more favorable than corn prices from a historical perspective. Traditional hemp, grown for mass If youre just starting out on this journey, this article may be helpful because its exactly what we talk about today. Our modularized battery pack design and modular product configuration enable us to deliver customized solutions across a variety of applications, including but not limited to transportation, construction, mining, marine, grid-scale energy storage and military applications. Running a 10 KW Gasifier uses 30 pounds fuel/hour, which is 3 pounds fuel/kilowatt hr times 24 hours times 30 days = 21600 pounds, which is roughly 10 tons per month, which is 1 acre/mo of hemp biomass (if hemp yields 10 tons/acre). 0000002905 00000 n Wheat alone is not more profitable than either corn or stand-alone soybeans. If YES, here is an analysis of the income & profit margin corn farmers make per acre. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The Hemp Market Report will target news from the fast growing worlds of cannabidiol (CBD) and hemp. If we are going to do textiles and bioplastics, we need that scale. With that, hemp cultivation, as well as buying and selling hemp became federally legal in the states. Susan Das, Aguas better half, was the inspiration behind mango and jasmine. The governmental agency estimated corn production at 13.77 billion bushels vs. the avg. So, the insurance piece needs to be solved and we need to make the banking world comfortable. Web2022 Arizona Industrial Hemp Program . On the other hand, hemp crops grown for fiber, grain, and oilseed need to be planted closer to limit their branching, so their stalks can grow tall, strong, and fibrous, and so that more seed heads can develop. 0000001022 00000 n Milling demand for soft red winter wheat is offsetting reduced acreage and largely driving the relatively stable prices. Unlike southern Illinois, soybeans are projected to be more profitable than wheat-double-crop-soybeans because of the higher relative soybean yields in central Illinois. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Next, State Senator Lloyd Casey sponsored a hemp bill. Here are 10 useful benefits of hemp farming. Hemp, Inc.s Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) was recently restructured as its ninth division and is now Division Nine - Industrial Hemp Consulting. LiveWell Canada, Acenzia and Vitality CBD Natural Health make up this company that farms in Montana. There is definitely a sense of a Community of Companies whereby a lot of companies are working together to pool their resources, marketing connections and strategies in order to grow simultaneously. If the farmland is cash rented, the cash rent would need to be subtracted from the operator and land return to arrive at farmer return. ), The Art and Science of CBD Greenhouse Growing June 24, 2017 (North Carolina), The3rd Hemp Universityeducational symposium held on June 24, 2017 focused on The Art and Science of CBD Greenhouse Growing. On New Years Eve of1994 Das found the right consistency for his vanilla hemp ice cream. In recent years, corn profits have been significantly more volatile than in years past, thus affecting the income of farmers per acre. MB: Colorado has been the #1 state in production out of the gate, but long-term it will probably be more of a research state. All https://www.barchart.com/solutions/ is provided by Barchart Solutions. If you have a significant area to farm, you will find yourself earning an average of more than $1.1 million per acre in the U.S. New Frontier Data reports the cannabis sector is one of the fastest-growing and most profitable with each acre yielding around $1,142 for a farmer. There is a lot of energy being put into the CBD space right now, both money and human capital. What we present is a little different than what I would think of as typical growing practices right now but what we expect to become more widely adopted. Hempsters got out of the way to avoid confusing voters. Historically, the wheat-to-corn price ratio has averaged 1.34 from 1992 to the present (see Figure 1). The company said that its 2019 harvest is on track to bring in 50 million pounds of hemp or 1 million kilograms if isolated CBD. In Colorado, where Das lives, the price is $0.08.5/kilowatt hr and the maximum input is 10 Kilowatts, which comes out to $6000/yr. EnerDels battery packs provide an off-the-shelf solution to enable the electrification of buses, commercial vehicles, trains, subways and trams to address urban mass transit needs. This division will then start and expand rapidly. Affiliate, Through a Joint Venture, Featured on Business Insider for North Carolina Farming Operations, https://www.hempinc.com/hemp-inc-affiliate-through-a-joint-venture-featured-on-business-insider-for-north-carolina-farming-operations/, Hit:HEMP, INC. Higher canola, lentil and cannabis receipts more than offset lower fruit and vegetable sales. The Hemp Market Report will also publish sponsored content as we seek to expand our content offerings. Division SevenResearch and Development. Division ThreeThe Hemp Extraction & Pre-Roll Blending Infrastructure. Actual planted acres decreased by about 84% to 0000012885 00000 n Stand-alone wheat has a $112 per acre return, less than half the $237 per acre return for corn with a yield of 220 bushels per acre. Im being honest when I say that his frozen treats are better than any Ive ever had, and Im not vegan, but the sandwiches are.Today there are 6 flavors, each developed for different reasons. Green Market Report 2017 document.write(new Date().getFullYear());2018. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Ive made peace with carob, said Agua. I think hemp protein will become an aggressive competitor to soybean protein. Web At the prevailing local price of $1.50 and 6.5% CBD, total revenues are $24,375 per acre, leading to $5,086 in profits per acre, or $11,656 per acre net return over variable costs. ), Farming Hemp for Profit April 29, 2017(North Carolina), Hemp, Inc.s second, sold out, educationalsymposium(Farming HEMP for Profit), through its Hemp University, was a phenomenal success. These are adaptations of budgets published in the 2021 Illinois Crop Budgets, with commodity prices being the only values that have been changed. Hemp (also known as industrial hemp) is one of the largest new opportunities for growers in Michigan due to its recent legalization by the 2018 U.S. Farm Bill. The most profitable farm made $275 per acre while the least profitable lost $222 per acre from planted corn. The fascinating portion of this is the bioplastics world. To do this he founded H.E.R.B. After legalization occurs and large scale marijuana grows are underway, this division would already be positioned as a go-to consultant due to our industry expertise.. MB: CBD is an extract from the female plant that is a popular dietary supplement. April 2, 2020 | Elaina Hancock - UConn Communications. The seminar provided attendees with a full day of networking, education, and support. As always, Agua and Susan are spreading awareness. Soil is the home of your crops, it provides the nutrients for survival and support for the root system, so you have to make sure youre working with the best soil you can find. Like beans and onions, it doesnt like soils with a high pH and salinity. MB:Idont want hemp to be a Jerusalem artichoke. WebIn Manitoba, hemp grain yields range from 100 to 1,200 lbs per acre while yield for crops grown and managed solely as fibre crops, range from 1 to 6 tonnes per acre (Manitoba Agriculture, Food and Rural Initiatives online report1). There is a lot of seed available outside of the U.S., but we dont know how acclimated it is to latitudes and longitudes here and how that correlates to THC limits at harvest. Hemp farms are popping up everywhere at the moment and growers are doing their best to get the best out of their yields. Excluding cannabis, crop receipts would have increased 11.7%the largest gain since 2012. At that point, the relative feed values would dictate the spreads between corn and wheat prices. MB: Production in 2019 will be limited by seed supply, but we could see 100,000 to 200,000 acres. Perhaps my question is not appropriate here? 1. endobj With Herer s words about hemp food nutrition still on his mind, Das bought them all up. The U.S. Department of Agriculture estimates 2020 U.S. production at 276 million bushels. THANK YOU VERY MUCH FOR YOUR TIME AND PROMPT RESPONSE@! Since the legal limit for the THC levels in hemp plants is 0.3%, you should do your best to maintain this percentage. Historical the wheat-to-soybean ratio averaged .53 from 1992 to the present (see Figure 2). (See Bruce Perlowins personalFacebook post on 9/9/19for a short video on this symposium. Through Hemp, Inc.s Division Nine Industrial Hemp Consulting, a wide range of services are forged from the experiences of creating the first publicly traded company in the cannabis sector (Medical Marijuana, Inc.) and having over a decade of experience in the industrial hemp industrys public sector. Its a more expensive option, but its the one that produces the most stable results since youll get female plants right from the start and skip germination, which saves a lot of time, plus theres no risk of pollination. They balance this with the price they expect to be able to get.. He believes that each issue needs its own focus by specific groups, but added that, It doesnt hurt to coordinate efforts.. New York could end up being a big state. All Rights Reserved. To see all exchange delays and terms of use, please see https://www.barchart.com/solutions/terms. In terms of cost and returns the fact sheet has a really nice summary, says Jelliffe. The report said that Integrated has the ability to process 200,000 pounds of biomass per day. In 1997, both the House and the Senate approved the bill, but the appropriations committee stopped the bill, even through the bill required no funding. Industrial hemp is going to be grown for food, feed, fuel, building materials, and more. Hemp Can Grow Almost Anywhere in the United States. Vicky Buckley proclaimed that the initiative did not have enough signatures, just as she had claimed on the hemp bill four years before. Harvest Festival, Das got set up his video equipment to record a police bust. Corn has been grown across the United States and other parts of the world for hundreds of decades. As a child, Aguas aunt made him eat carob. When he watched Jack Herer, father of the modern hemp movement, talk on his taper about food, fiber, etc., his interest was forever peaked. The most profitable farm made $275 per acre while the least profitable lost $222 per acre from planted corn. Kentucky grows a lot of CBD [cannabidiol] plants for oil extraction. How many farmers know what their inputs are, let alone their costs per acre or per bushel? Home Business ideas Agriculture Industry Crop Cultivation. The third edition of the Southern Oregon Hemp University brought an abundance of insight into innovations within the realm of harvesting and processing to the forefront. We looked at the recommended technologies from agronomists, says Jelliffe. For more details, you can find the report on the Zwick Center website. What agricultural crop is most profitable per acre? Bamboo. Landscapers and homeowners are paying as much as $150 each for potted bamboo plants, and many growers are finding it hard to keep up with the demand. Flowers. Ginseng. Ground Covers. Herbs. Landscaping Trees and Shrubs. Mushrooms. Ornamental Grasses. 19 . 2019 . In 2020, TDA reported 2,078 acres of the 5,000 permitted acres for industrial hemp were planted, he said. And true to form, he sold out in a snowstorm. According to the Kentucky Department of Agriculture, Kentucky started 2020 with 32,000 approved acres of hemp. Then Senator Casey retired, and before Colorado Hempsters could build upon their progress, a medical marijuana initiative petition was conducted in 1998. Farmers need to manage nutrients and pesticides carefully to avoid adverse effects on the environment and to reduce the costs of purchased inputs. The average cost per bushel has been between $1.25 and $1.95 in the cash corn division and $1.13 and $1.81 in the livestock corn division. The average price of fiber changes, but is somewhere around $250 to $300 per ton. The actual cost of farming this type of hemp will vary, but an average example would be around $300 to $350 per acre. Using these numbers, the estimated profit could be somewhere around $480 per acre. Since that time, weve grown the industry from basically zero to 75,000 acres of hemp permitted in 2018. Agua Das is also very involved with alternative energy. MB: Colorado State University has been an incredible partner. These online masterclasses provide farmers who were either not able to attend the first Hemp University or who would like to revisit certain topics presented by the event speakers. ), The Hemp University Educational Seminar- March 23, 2019 (Oregon), This was the first Hemp University held on the West Coast. https://t.co/HIDefn8b4q. Your email address will not be published. We had a brief respite during WWII with the Hemp for Victory campaign, in which we grew hundreds of thousands of acres in six Midwestern states, but the tax was reenacted after the war. Though the price is not as high as some had hoped at the beginning of the 2019 growing season, Jelliffe says he thinks that farmers are coming to face the reality in the market. If you plant too few hemp plants per acre, you will be wasting space and your resources, and if you plant too many, your hemp crops wont be able to thrive and reach their growth potential, so your yields will suffer. But, in order to maximize your yield, you need to be smart about spacing the plants correctly. But to do that, one of the most important elements is to know how many hemp plants per acre you should plant. Such forward-looking statements by definition involve risks, uncertainties.Contact:Hemp, Inc.855-436-7688ir@hempinc.com, Hemp: the burgeoning industry of southern Oregon, Carolinas next cash crop? Hb```@@Q /[>/8Ma} MODULAR AND CUSTOMIZABLE AMERICAN-MANUFACTURED LITHIUM-ION BATTERY SOLUTIONS FOR YOUR ENERGY NEEDS. 0000003192 00000 n If we make the necessary investments in infrastructure to grow these acres, I am convinced the market demand is there for a hemp-based suite of products. Total costs per acre were the highest on record while total costs per bushel were the second highest on record with 2012 being the highest. With his long Santa beard, wild smile, and hand spun hemp tam on his head he looks like he better be able to pull it off. Hemp Hurd farmers at this same price structure would make $240/yr/acre at a 10ton/acre yield. A 10 Kilowatt converter could provide electricity for 10 homes. endobj Current bids place the wheat-to-soybean price ratio well above these historical averages, again suggesting that wheat prices are relatively high compared to soybean prices. 2 0 obj I hated carob, exclaimed Agua. The ones who make the most money are the ones who can do it most efficiently, produce the best quality, and market it at a premium. Farmers in states that have legalized it and have a permit system in place are in a pretty good position in 2019. Primarily due to higher herbicide cost, variable cost per acre in 2021 is projected to be $237 per acre ($4.31 per bushel), which is $18 below the peak variable cost of $255 in 2018. Our joint venture agreements are that they put up the money and we put up the expertise in a 50/50 revenue share(after all the initial investment money is paid back). Dividing the $2000 (price for a year of fuel figured above) by 12 acres = $166/acre for the hemp farmer. Table 2 shows budgets for low-productivity farmland in central Illinois. Applauds Arizona Legislative Drive to Push Up Industrial Hemp Licensing Date to June 2019 as Veteran Village Kins Community Builds Out Infrastructure, https://www.globenewswire.com/news-release/2019/02/25/1741708/0/en/Hemp-Inc-Applauds-Arizona-Legislative-Drive-to-Push-Up-Industrial-Hemp-Licensing-Date-to-June-2019-as-Veteran-Village-Kins-Community-Builds-Out-Infrastructure.html, Hit:Farmers could plant hemp in Arizona fields this summer, if bill passes- ABC KUGN-9, February 8, 2019, Hit:Adams on Agriculture - Bruce Perlowin/Hemp, Inc. - Adams On Agriculture, February 22, 2019, Press Release:Hemp, Inc. CEO Featured on National Radio Show Discussing Company's Expanding Footprint and Demand for Cannabidiol, https://www.globenewswire.com/news-release/2019/02/27/1743589/0/en/Hemp-Inc-CEO-Featured-on-National-Radio-Show-Discussing-Company-s-Expanding-Footprint-and-Demand-for-Cannabidiol.html, Hit:Hemp, Inc. seeking JV partners for processing facilities, CEO says - MergerMarket, February 28, 2019, Hit:Hemp, Inc. holds first west coast educational seminar in Ashland - (NBC) KOBI-5, March 23, 2019, Press Release:Hemp, Inc.

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