Vermont has always taken pride in producing high-quality cheese and maple, and now, the Green Mountain State hopes to develop a similar world following with some of the best hemp on the planet that makes CBD oil. Some economists are predicting that the sale of CBD oil is estimated to explode by 2020.
Protecting the Vermont brand is serious business for the Vermont Agency of Agriculture, and the department also sees the hemp boom as another key way for the state’s farmers to diversify their industry. CBD oil is made from extracting one of several cannabinoids from the hemp plant. The unique oil has been shown to possess a variety of therapeutic benefits like relieving pain, reducing anxiety and depression, alleviating cancer-related symptoms, treating neurological disorders, maintaining heart health and possibly helping people with schizophrenia and other mental disorders by reducing psychotic symptoms.
The numbers are impressive as growers from the Green Mountain State become hot for hemp cultivation and cash in on the byproduct of CBD oil that delivers various, real health benefits. According to the state Agency of Agriculture, Vermont farmers are not wasting any time weighing the future of the trendy CBD crop. The number of growers skyrocketed more than 400 percent from 2017 to 2018 when they registered with the state to grow hemp.
At the moment, state records show that the biggest hemp farmer registered in Vermont is Gregory Markowski, with 274 acres in Florence.
Stephanie Smith, the Agency of Agriculture’s chief policy enforcement officer, says that more than 3,000 acres have been registered by growers for 2018. It only costs $25 to sign up under Vermont’s hemp farmer registry.
Vermont set guidelines on hemp farming back in 2013, specifically stating that farmers could not grow marijuana, another variety of the famous cannabis plant. The compound THC, the psychoactive ingredient in marijuana that produces the feeling of being high, would not be allowed for cultivation, and if growers were caught doing it, they could be prosecuted.
Vermont’s hemp law did clearly outline to “legitimate farmers” what could be produced from growing hemp and that included “fiber, food/forage and oilseed crop.”
The state does not plan on creating a huge hemp market in Vermont like the state of Kentucky is developing. Instead, many see the industry taking shape on small farms with small acres and creating an exceptional CBD oil Vermont brand.