Have you grown CBD Hemp?
CLI are obviously concentrating on hemp growing and developing its ag-services in this specific & valueable ag market niche.
CBD hemp plants sown Christmas Tree style take about 1500 to the acre and with say an average poundage yield of
2250 lbs /acre (a ton) & say an average price of $15USD/lb, this pans out at almost $60K AUD/acre.; a far cry from
Tassie onions or spuds.Of course there is a snag: high costs and hig harvest & market risks.
To derisk such a crop and enhance its compliance prospects, its poundage mass & its CBD yield, it is easy to see
why a big hemp farmer would pay big lollies for specialist ag services such as those that CLI will likely offer in 2020.
PS: It is rumoured that the US CBD crop alone is somewhere close to 150K acres & say at 5% market penetration, CLI could bag
$7.5 mil mil USD/P/A in ag-services; not a bad suplement to its planned 1500 acre Industrial Hemp crop for 2020.
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