Monday, October 14, 2019 5:24:00 PM
Canb started their subsidiary earlier this year, New York Hemp Depot. New York has been one of the most proactive states in supporting the boom in hemp agriculture.
https://www.poughkeepsiejournal.com/story/news/local/2019/09/18/hemp-boom-how-cbd-demand-creating-new-cash-crop-hudson-valley/2304189001/
"From the Hudson Valley to Erie County to the Bronx and well into Long Island, more than 400 New York growers have nearly 18,000 acres of hemp, much of it awaiting fall harvest. Two years ago, there were barely 100 state-licensed growers."
With 18,000 acres, it would put them as the third highest state in the U.S. behind Montana and Colorado, which have been absolute monster hemp growing states.
https://hempindustrydaily.com/chart-americas-hemp-acres-80000-2018-montana-new-leader-among-states/
Canbiola would have access to buy and process all that hemp from Farmers that need to sell it. With a healthy amount of supply, that should keep pricing favorable to Canb. The article mentions Fall harvesting, which is now. So the timing of starting this venture at the start of the summer is also ideal to be ready for this harvest of 18,000 acres.
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