Hemp for CBD Real Numbers and Real Talk Sam Belanger – Green Ridge Biosolutions
Three Different Crops Fiber Grain CBD Fiber from stalks. GRAS status for food. Botanical extraction for health and wellness Both bast and hurd. products. Green Ridge Biosolutions 2
The Crop Numbers Fiber 23,400 acres 18% Grain 5,200 acres 4% CBD 61.5% 79,950 acres Green Ridge Biosolutions 3
The Green Rush How many acres have been grown? US Montana Acres Grown 600,000 2016 2016 9,649 100 500,000 400,000 2017 2017 25,713 570 300,000 2018 2018 78,176 22,000 200,000 2019 2019 511,442* 51,000 100,000 - 2016 2017 2018 2019 Green Ridge Biosolutions 4
$ 23,700,000,000.00 Market Size estimated in 2023 $ 20.00 Average Retail Price per Product 1,185,000,000 Number od individual units 500 Average MG per product 592,500,000,000 1,000,000.00 MG in a KG 592,500 KG Needed to satisfy demand in 2023 250 KG per acre of flower 16 KG of crude per Acre Number of Acres need to Satisfy 2023 37,031.25 market demand Market Demand Estimated Acres Grown in 2019 for CBD The US has exceeded demand. Now farmers should focus on quality of the product. 79,9 ,950 Green Ridge Biosolutions 5
What Farmers Should Know Genetics Planting Plan Harvest Plan Post-Harvest Compliance Certified Seed Who are you selling to. Know your budget Know your equipment 0.3% TOTAL TH 0.3 THC need Proven Potency Know your Resources Is it a spot buy? Know your drying Need Do they have the funds? Is it a tolling split? Are they licensed? Green Ridge Biosolutions 6
Crop Delivery Methods How does your buyer/Processor want the crop delivered Flower Biomass Whole Plant • • • Hand or Machine Leaves and flower Chop plant Shucked • • No stalks Very low in potency • No stems or stalks • • No evidence of other Not accepted by many • More labor intensive volunteer plants extractors unless milled. • Very few leaves Green Ridge Biosolutions 7
• Determine what type of hemp you want to grow; what fits your farm operation: Grain, Fiber, CBD • Apply for and obtain a hemp producer license from Montana Department of Agriculture. • Find a buyer/processor for you intended harvest. • Understand how the buyer/processor I want to grow hemp. wants the crop delivered. Where do I start? • Locate and obtain legal hemp seeds or transplants • Research proper crop production Log Logical St Step eps to o Enter er th the e In Industry techniques before planting the crop Green Ridge Biosolutions 8
Concerns Green Ridge Biosolutions 9
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