Maine Farmers Consider Hemp Value Addition to Beat the Competition
For many farmers across the country, the 2018 Farm Bill was a godsend. For a while, they'd been looking for a new high-value cash crop that would guarantee them high returns. The legislation legalized industrial hemp after decades of prohibition, finally giving farmers access to a high return crop. The bill classified hemp as cannabis with less than 0.3% THC, and instructed states and tribes to create hemp programs and submit them to the USDA for approval. Just a year in and the market for hemp is worth millions of dollars in sales, and future projections are exceedingly positive. Although…