News

Coronavirus uncertainty prompts hemp farmers to lock down seeds, but some see turbulence ahead

March 23, 2020

In a recent article, Hemp Industry Daily discussed how hemp regulations and the recent global coronavirus outbreak have impacted farmers' decisions to secure hemp orders for the season. Read an excerpt from the article below.

"'The difference between the two seasons is definitely impacted by the continued uncertainty in the regulatory environment surrounding the hemp industry,' said Dr. Jonathan Vaught, CEO of young-plant supplier Front Range Biosciences in Colorado. But he also attributes the delay to better planning among farmers.

"'We're certainly seeing folks be more cautious and thoughtful about their farm plan versus a year ago. Once the Farm Bill passed, everybody wanted to grow this crop, and we saw a lot of new farmers try to get into this.'

"'[Many] of them realized that there were challenges, and that it needs to be done cautiously and thoughtfully with a good plan in place.'"

Read the full article here.

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