Tuesday, March 12, 2019 3:52:21 PM
I know some of us (including myself) have posted estimates of revenues at from $30-60M for 2019. I now think that this is probably an overestimation of what will actually be realized.
Without trying to be to precise, I now believe a more "reasonable" estimate for revenues in the second half of 2019 will be on the order of $10 - $20M.
From the most recent PR we see that Washington is getting about $400/lb from their product, so that even with 1000 lb/month harvested, those revenues will amount to only $200,000/month (Crop gets a 50% cut of the revenues). What about the Nevada hemp farm? Well, hemp farm profits are quite variable. For example the link below quotes from $130 to $730 per acre. Let me just use $500 per acre for profits. Then we get about $500,000 of profits per harvest. (again with a 50% cut for Crop).
https://modernfarmer.com/2018/07/so-you-want-to-be-a-hemp-farmer/
The only multi-million dollar revenues would come from manufactured products (oils, etc.). I have no way of estimating those revenues at present. If you multiply these numbers for say 6 months and 2 harvests, that amounts to about $2. Obviously nowhere near $30-60M for revenues in 2019. Only a HUGE boost in revenues from manufactured products could get us close to even say $10 to $20M in revenues for the 2nd half of 2019.
Obviously, there are still a lot of unknowns here, so please don't rely on my estimates alone. Try and do some estimations yourself, and see what kind of revenue numbers you can realistically come up with. Good luck.
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