The published article features commentary from Bruce Perlowin, CEO of Hemp, Inc., regarding new data that was released this month showing that hemp is poised to become a major crop in U.S. agriculture, surpassed by only soy and corn. In the article, Hemp, Inc. CEO Bruce Perlowin explains key reasons why such a small portion of hemp makes it to the market.
“The majority of hemp grown in America will never make it to the market for a variety of reasons — it’s not so much about not having a buyer,” explains Perlowin. “For example, $51 million worth of hemp got wiped out in Oregon by hail, an unexpected 3-day freeze, mold, and grasshoppers. However, the biggest reason why this hemp doesn’t even make it to the market is because farmers don’t have the processing facilities to dry and process their hemp. When it’s time to harvest and process, hemp farmers don’t have money to dry biomass and there’s not enough warehouse space to do so currently.”