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Kentucky: Hemp Industry Growing, Attracting Processors, Investment

HempHistoryInKentucky

By Steve Elliott
Hemp News

Kentucky's industrial hemp crop is growing and bringing new investors to the state, Agriculture Commissioner James Comer announced at a Tuesday news conference in Lexington.

According to Comer, 121 participants have been selected to grow hemp this year, including seven universities across the state, reports Janet Patton at the Herald-Leader. Thirty-six groups and projects will grow 1,742 acres of hemp this year, he said.

Last year, the first in decades that a legal hemp crop was grown in Kentucky, saw 20 farmers growing just over 33 acres.

The re-emerging industry has attracted 24 licensed hemp processors who are investing in the state, according to Comer.

"With their investment, jobs have been created, jobs are going to be created, and they've signed contracts with family farmers," Comer said. "Hemp equals jobs and true economic growth, which is what we predicted when we launched Senate Bill 50 two years ago."

Among the investors are Colorado's Stanley Brothers, who said on Tuesday they plan to grow hemp in Kentucky for their Charlotte's Web CBD oil, used to treat seizures in children. Joel Stanley, CEO of Stanley Brothers Social Enterprises, said they plan to invest at least $500,000 this year.

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