Thursday, March 21, 2019 12:33:25 PM
SALES OF HEMP PRODUCTS IN KENTUCKY SURGED IN 2018
Louisville-–Kentucky's resurgent hemp sector flexed more economic clout in 2018, with processors reporting sharply higher sales and farmers reaping record breaking income from the crop.
The state hemp processors reported $57,75 million in gross product sales last year.
Processors paid Kentucky farmers $17.75 million for hemp materials and oils.
"We are building the critical mass of growers, processors and researchers that will ensure the industry's success in Kentucky for years to come," said Kentucky's Agriculture Commissioner, Ryan Quarrels.
More than 50,000 additional acres have been approved for Kentucky hemp production in 2019.
Kentucky's agriculture department has approved an additional 110 hemp processor/handler license applications for 2019, and expects many more applicants as the industry is rocketing .
Kentucky has also approved more than 6 million additional square feet of greenhouse space for hemp cultivation.
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