Farmers, businesses, universities and research groups should go apply to grow and process industrial hemp through this state pilot program. It’s already common practice in Colorado, Kentucky etc.
Applications are open through Nov. 22. To apply, you must fill out an application form, which can be found and downloaded online, and submit with it a $500 non-refundable application fee to the New York State Department of Agriculture and Markets.
Earlier this year, the program was expanded to include private entities. There are more than 20 partners participating and growing industrial hemp on about 2,000 acres in New York.
Those in charge of the pilot program say that industrial hemp has the potential to become an economic booster across the entire country. By expanding industrial hemp research, doors are opening to innovative ideas that could provide a major boon to farms and communities, creating new jobs, and laying the foundation for future economic growth.
Hemp is derived from the same plant as marijuana, but industrial hemp has a very low level of THC (tetrahydrocannabinol), the psychoactive chemical that creates the feelings of euphoria for users. Hemp is used in cosmetics, biofuels, building materials, clothing and many nutritional supplements.
Legislation was signed in July, aimed at expanding the growth of industrial hemp in New York. The law was put in place to ensure that industrial hemp is considered an agricultural product and is treated similarly to other crops and seeds. It also established an industrial hemp seed certification program and authorized industrial hemp data collection.
The state also launched a $5 million grant fund, administered by Empire State Development, to cover the many capital costs of processing industrial hemp. Applicants who meet the necessary qualifications can receive grants of up to $500,000! Get your application in as soon as possible.