hemp in Nevada is still in its infancy stages. Legalized in 2017, hemp farming in Nevada is spreading fast.
“It’s taking off like a weed” said Tick Segerblom in an article by the The Nevada Independent.
Mr. Segerblom, who as a state senator sponsored the bills that were a framework for Nevada’s hemp program went on to say, “there’s an incredible amount of interest in it.”
There were originally 11 growers planting 319 acres in 2016 to 32 growers planning to plant 718 acres in 2018.
Nevada requires a separate license for growers, producers, and handlers. The grower license requires a $500 application fee plus $5.00 per acre/.33 per sq. for indoor grows plus and all fees incurred by the Nevada Department of Agriculture. Handlers pay a $1000 application fee plus fees incurred by the NDA. Producers pay a $100 application fee, NDA fees and the same acreage and square foot fees as growers. By law, the NDA must approve all seed purchases. They do allow for non-NDA certified seeds on five planted acres or less.
Challenges of growing hemp in Nevada
The biggest challenge for the Nevada hemp industry has to do with the federal regulations against hemp. Most of the hemp in Nevada is slated for human consumption, including CBD. Other uses for hemp, such as textiles, ropes, and paper are virtually ignored because to process these items takes big equipment and big dollars. Investors aren’t willing to invest until hemp is federally legal.
Hemp market price in Nevada
- $200 or more per pound for flower, depending on CBD content and quality.
- $10 per pound for food-grade seeds
- $45 per gallon for seed oil
- $200 per ton of baled fiber
(Content courtesy Ministry of hemp)