North Carolina Farmers Embrace Hemp as the Market for Tobacco Dwindles

Big investments in hemp processing facilities is creating a reliable market for a new cash crop to replace tobacco. June 11, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Grandma and grandpa might raise an eyebrow, but a new generation of farmers in North Carolina have traded acres of tobacco for acres of the state’s newest crop — hemp. It’s actually been legal to grow hemp for research purposes in North Carolina since the passage of the Farm Bill 2014. Since then, farmers have been able to apply for a license to grow the crop under the state’s Industrial Hemp Pilot Program. Flash forward to the 2018 Farm Bill, passed in December, which legalized hemp and promotes it as a viable crop. What’s that saying? Legalize it and they will come? Yeah, something like that. Related: 4 Ways Hemp Could Build A More Eco-Friendly Economy With the […]

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