cbdoil extraction lab business plan

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North Carolina Hemp Industry

• North Carolinas legislature set up an industrial
  hemp pilot program in 2016 and temporary rules to
  govern the program were adopted in 2017. The NC
  Department of Agriculture and Consumer Services
  regulates industrial hemp cultivation. Processors
  should register with the Industrial Hemp
  Commission.
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North Carolinas legislature set up an industrial
hemp pilot program in 2016 and temporary rules to
govern the program were adopted in 2017. The NC
Department of Agriculture and Consumer Services
regulates industrial hemp cultivation. Processors
should register with the Industrial Hemp
Commission. Each license costs 250 initial fee
in addition to an annual fee of 250 for less
than 50 acres or 500 for more than 50 acres, as
well as a 2/acre or 2/1,000 square feet of
greenhouse fee. Even though North Carolina allows
seed and fiber production, almost all the hemp
growers are growing plants for CBD
extraction. North Carolina hemp market growers
report that the market is promising 30 or
more per pound of dried hemp flowers or buds for
use in CBD oil extraction. As in other states,
the material prices vary widely based on CBD
content. About 10 cents per pound for hemp
seeds intended to be pressed for seed oil.
About 10 cents a pound for stalks to be turned
into fiber. The Vote Hemp reported that 3,184
acres of hemp were grown in North Carolina in
2018 comparing to 965 acres in 2017. There are
currently 634 growers registered on 7,922 acres
and 3.5 million square feet greenhouse
area. Senate Bill 315, the North Carolina Farm
Bill of 2019, passed the House on August 21,
2019. The bill officially authorizes and
regulates statewide hemp growing, expands a North
Carolina pilot program by modifying the North
Carolina Hemp Commission to become a regulatory
body, sets guidelines for licensing, and it also
requires retailers to get a license before
selling CBD products.
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