Agriculture officials in Kentucky stated that hemp production in the state will exceed 1,700 acres in 2015, up from just 33 acres last year. The increased investment is from processors aiming to create new products from the newly-legalized plant.
One such investor, Andy Graves, said his company, Atalo Holdings, has invested $1.5 million in hemp. Graves, CEO of the company, said they plan to process hemp into oil and food products. He stated that nearly 550 acres of hemp will be processed at the company’s Clark County facility, in central Kentucky.
This is the second year Kentucky has been testing hemp as a potential cash crop. James Comer, the Kentucky State Agriculture Commissioner, said that 121 participants, including 24 processors, will be participating this year.
Photo Credit: Ken Lund
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