The big money in industrial hemp (not THC) is from lawyers fees, association dues, and government grants/university-sponsored research. And now, even that last one is going away with Pres. Trump’s Management-By-Chaos approach to governing 335 million people and an economy of $35 Trillion, with almost $35 million just in USDA Climate-Smart hemp grants now at risk:
Industrial Hemp for Fiber and Grain
Aim: “to expand climate-smart markets and remedy lack of available data on environmentally beneficial practices for hemp production by providing open-accessible data and training and enabling monetization of climate-smart practices through a pilot designation in a digital marketplace.”
Lead: Iconoclast Industries, LLC; Atlanta, Georgia
Other partners: Cedar Meadow Farm LLC, University of Florida, University of Georgia, Stockton University, The Shaffer Group, Texas A&M University, Pecan Street Inc, CultivateAI, Florida Department of Agriculture, Green Ocean Sciences, Virginia Department of Agriculture and Consumer Services, Ganjanesh Bioscience, INDHemp, 357 Hemp Logistics, SB Friedman Development Advisors, M4MM, Canndigenous, EntreVation LLC, Stillman College, Legacy Farms Group
States: Florida, New York, Tennessee, Virginia, Wisconsin.
Funding ceiling: $15,000,000
Scaling Up the Industrial Hemp Supply Chain as Carbon Negative Feedstock for Fuel and Fiber
Aim: “to provide effective valuation and monetization of environmental services, including carbon dioxide removal via implementation of new genetics and management practices to increase sustainability of hemp as an annual crop in the U.S.”
Lead: Lincoln University
Other partners: National Hemp Association, Kansas Farmers Union, Missouri Farmers Union, Missouri Organic Association, National Association for the Advancement of Colored People, Oklahoma Black Historical Research Project, Oklahoma Farmers Union, ShowMe State Hemp Association, Missouri Department of Agriculture, Donald Danforth Plant Science Research Center, Oklahoma State University, Prairie View A&M Univ., St. Louis Univ., Southeast Missouri State Univ., Univ. of Missouri, Benchmark Design, Cquester Analytics, DTE Materials, HempWood, Midwest Natural Fiber, New West Genetics, REA Resource Recovery Systems, Rockwater, Renaissance Fiber
Primary States Expected: Kansas, Missouri, Oklahoma, Texas
Funding Ceiling: $5,000,000
A Comprehensive Evaluation of the Impact of Industrial Hemp (Cannabis sativa) and Soil Microalgae Consortiumas High-Efficiency Carbon Sequestration Model Plants: Implications for Climate Change and Soil Improvement
Aim: to grow and market hemp in the southeastern United States as a high efficiency carbon sequestration . . . commodity crop.” Under this project, “The National Hemp Growers Cooperative, LLC plans “to buy all industrial hemp from all farmers during the duration of the grant.”
Lead: Florida A&M University
Other partners: Florida Agricultural and Mechanical University (FAMU), Alabama A&M University, Southern University, University of Florida (UF-IFAS)
States: Alabama, Florida, Louisiana
Funding Ceiling: $4,990,000
Sustainable Agricultural Solutions to Plastic Pollution
Aim: “To evaluate industrial hemp bioplastics, develop software to calculate the environmental impact of a new feedstock and identify climate-smart market opportunities.” The project will also “provide financial and technical assistance for climate-smart practices including cultivation of hemp as a cover crop, and other rotational crop trials.”
Lead: PlantSwitch, Inc., Dallas, Texas
Other partners: Ag Processing Solutions, Brian Furnish, Leistritz Extrusion, Extrusion Technology and Innovation, Plant Based Products Council, SmartFarm Innovation Network, Tillery Sims. Virginia Department of Agriculture and Consumer Services, Virginia Cooperative Extension, Virginia Polytechnic Institute and State University, Virginia State University, Virginia Sustainable Agriculture Research and Education
States: Virginia
Funding Ceiling: $4,940,000
Climate-Smart Fiber Hemp: A Versatile Thread Connecting the Nation’s Underserved Farmers, Climate Change Mitigation and Novel Market Opportunities
Aim: “Expand the production of industrial hemp . . . , evaluate its greenhouse gas benefits (GHG), and promote the value of market development to a cross-section of production agriculture, including small, medium, and underserved producers across the state of Tennessee, including “30 counties at risk for becoming economically distressed.”
Lead: Tennessee State University
Other Partners: Tennessee State University, Hemp Alliance of Tennessee, University of Tennessee Institute of Agriculture, Tennessee Department of Agriculture, The Tennessee New Farmer Academy, based at Tennessee State University
States: Tennessee
Funding Ceiling: $4,972,800
Hemp is among crops included in an additional three broader agricultural initiatives funded by the Climate-Smart program.