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[REGIONAL] Hemp industry in New Mexico growing like a weed

Posted by   /  November 4, 2019  /  No Comments

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Jill Brown shucks hemp buds at her farm in Estancia. She expects the buds to sell for $20 per pound. ‘Nobody makes $20 a pound on tomatoes, corn, alfalfa or any of that. This is a big cash crop,’ Brown says. ‘You can take 10 acres and actually make something out of it for a summer.’
/Michael Gerstein/The New Mexican

By Michael Gerstein | Santa Fe New Mexican

Hemp: New Mexico industry growing like a weed

About a mile down a dusty dirt road, Jill Brown is shucking the bud from a hemp plant in front of a warehouse-sized pile that looks more like tumbleweed than $1.2 million in the making.

Her partner, Kathleen Odea, laughs. “Wishful thinking,” she says.

The two business women still have to sell it. But at $20 or more per pound — which is less than half of what it was worth four years ago — their stockpile of hemp is worth far more than any green chile, alfalfa or lettuce crop.

“Nobody makes $20 a pound on tomatoes, corn, alfalfa or any of that. This is a big cash crop,” Brown says. “You can take 10 acres and actually make something out of it for a summer.”

The Santa Fe resident started farming hemp in San Luis, Colo., about five years ago. Brown then bought 240 acres in Estancia shortly before the Legislature passed a measure signed into law by Gov. Michelle Lujan Grisham this year that regulates the production, testing, research, manufacturing and transport of commercial hemp and its derivative products.

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  • Published: 2 weeks ago on November 4, 2019
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  • Last Modified: November 4, 2019 @ 10:11 am
  • Filed Under: Cannabis and Hemp

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