NEWBERRY, Fla., (WCJB) --- Now that hemp can be grown in Florida with a special permit. Farmers are looking to cash in on the growing industry.
At the Greenhouse Nursery in Newberry, members of the pilot hemp program at the Florida Agricultural and Mechanical University. Are cloning the crop to cultivate for farmers to buy in the market next year.
"Part of what we’re doing here is trying to get plants from out of state, propagate them, flour them, that way we can get COA’s on them, their certificate of analysis. It gives the cannabinoid contents and we’re really cautious and we want to make sure farmers have this number from plants grown in Florida," Scott Burgett, COO of Green Earth Cannceuticals.
CBD which is extracted from hemp is attracting farmers to grow the crop and it's predicted Florida will be the largest hemp producing state in the next two to three years.
"Genetics for a farmer to purchase, if they're seedlings they're looking at about $3 a piece and for clones, it's about $6 a piece. So a farmer on a hundred acres can have like 1.2 million dollars in genetics," said Burgett.