Hemp as a go-to market
Hemp cultivation represents one of the key growth areas in the cannabis industry. This was enabled by the 2018 Farm Bill legalizing hemp production and commerce, and the rise in demand for products containing CBD. The proof of hemp’s value is in the expanding hemp acreage seen across the U.S. in recent years.
Vote Hemp, the nation's foremost hemp advocacy group, detailed in their 2017 U.S. Hemp Crop Report that 23,343 acres of hemp were cultivated across the nation. In 2018, that number increased to 77,000 acres. With the passing of the 2018 Farm Bill into law, that number will certainly continue to expand into 2019.
Problems that hemp growers face
One of the key issues for hemp cultivators is meeting the less than 0.3% THC content legal restriction. High testing costs and high testing turnaround times make it impractical to do quality control checks at multiple growth stages. Therefore, growers usually test their batch once completed. Consequently, this can result in a non-compliant test result (over 0.3% THC) which, in turn, necessitates destroying the whole batch. This poses great financial risk!
Total cannabinoid content varies during the life of a cannabis plant. Type III industrial hemp will never test over 0.3% THC when vegetatively growing. Therefore, farmers must start being attentive to cannabinoid accumulation once plants begin to form flowers as concentrations rise very quickly, usually at 2.5 weeks into flowering. It is important to note that CBD content increases dramatically between weeks three (3) and six (6) of flowering and then slowly continues to accumulate. THC, on the other hand, increases in a more linear fashion (source: 0.3% THC: The Most Common Question, 2016 Oregon CBD A Jack Hempicine LLC Company).
While we are unaware of any publicly available official data on the number of failed hemp results, this problem is common knowledge within the industry. Westword reports (https://www.westword.com/marijuana/hot-hemp-how-high-thc-levels-can-ruin-a-legal-hemp-harvest-9963683) that in Colorado, home to some of the most compliant registrants, approximately 40 percent of hemp fields failed in the first growing season, that number dropped to 7 or 8 percent of 532 registered growing sites in 2017.
Non-compliant hemp testing results have a direct financial impact on growers. As previously reported, the financial impact of a non-compliant 80 acres hemp field can yield a loss of $143,000.00 in future earnings.
Our device solves that!
With our device, hemp growers and retailers can check the potency of the plants during their growth and ensure the THC never goes beyond 0.3% and, in turn, prevent financial loss due to non-compliant hemp. Using our device will allow Hemp retailers and CBD extraction laboratories to check the incoming hemp for its potency on delivery—before accepting the shipment. This will ensure they do not overpay or receive subpar raw materials that could affect their products.