Here's an excerpt from a recent post by a North American company. Some info along these lines would be welcomed.
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The company’s tenant has negotiated a contractor to clear 1 pivot of 120 acres and begin tilling the area at a cost of $16,920.00. Once clear the pivot will be planted with ~900,000 seeds of high CBD strain of hemp at a cost of $90,000. The genetics selected will have a THC content of <0.3% and a CBD content of >15%. It is estimated that the 120-acre first pivot will yield 120,000 pounds of flower. It is expected the water, labor and fertilizer cost for this crop should not exceed $60,000. The company anticipates the planting to take place prior to July 15th and expects an early fall harvest.Market considerationsNevada hemp growers surveyed by Marijuana Business Daily report that the market is fetching:
$200 or more per pound for flower, depending on CBD content and quality
About $10 per pound of food-grade seed, or $45 per gallon for seed oil
About $200 per ton of baled fiber
About $10,000 per Kg of CBD isolate
[/table]
QBL Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
