The secret to hemp industry success: ScaleThe secret to hemp industry success: Scale
Josh Hendrix, director of development and domestic production at CV Sciences, discusses the power of research to refine the hemp growing process in the U.S. and its ability to provide jobs throughout the CBD supply chain.
April 25, 2018
“Scalable agriculture will help (everyone’s) price points. It will help the entire industry. This isn’t just about the CBD, this has to be about hemp. It’s about the whole plant.”
—Josh Hendrix, CV Sciences
Part 1: The business of hemp
The 2014 Farm Bill contained revolutionary provisions for hemp research in states with hemp laws in place.
“Hemp is cannabis with less the 0.3 percent THC, which is basically a CBD hemp.”
The goal is to certify the seed and provide more jobs.
Part 2: The power of research
The University of Kentucky conducted research on 24 varieties of certified hemp seeds from around the world, and only three of them were verified.
The success of the hemp industry is all about scale, creating income streams and using the whole plant.
The U.S. needs to be considerably more competitive in the world market.
We need to figure out how to harvest the plant in a way that maximizes total yield—fiber, food and CBD.
Part 3: Traceability
What do buyers need to ask to ensure they are getting a quality product?
Third-party verification is a must for quality control and maintaining standards.
It needs to be sustainable and stabilized, and we need to start using certified seeds.
If you’re not asking questions, you’re not doing your job as a buyer.
This session—Made in America? Supply-Chain Challenges—was recorded at Natural Products Expo West 2018. Click "download" below to access the presentation slides.
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