skip to Main Content
Florida Hemp Program Greenlit and Gearing for Growth

The fledgling pilot project led by University of Florida scientists to explore the potential of producing industrial hemp across the state is getting wings thanks to initial funding from a private partner. Green Roads Inc. has reportedly invested $1.3 million to sponsor the first phase of the UF/IFAS research program.

The funds will go to support field trials currently being set up in three locations around the state: Quincy, Hague, and Homestead. According to UF/IFAS, field trials will focus on testing varieties of the industrial hemp plant and cropping systems for establishing industrial hemp production in Florida.

Locally-based Green Roads has made its mark in the burgeoning Cannabidiol (CBD) oil business trade. CBD is a non-psychoactive byproduct of industrial hemp (a variety of the Cannabis sativa plant) known to have several health benefits for pain relief, inflammation, seizures, and more. According to Hemp Business Journal, U.S. sales for CBD-based products are poised to reach $450 million in 2020 and break $645 million by 2022. [Read more at Growing Produce]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

How to Use Video Marketing to Build a Business in the Cannabis Industry

Did you know YouTube is considered to be the second most popular search engine in the world behind Google? That means video content is a highly effective way to boost…

Cannabis Litigation: Mediation Tips

By Jihee Ahn, Attorney at Harris Bricken, Our litigation team regularly attends mediations both before a lawsuit is filed and while a lawsuit is pending. We’ve covered mediation in the…

‘Let’s Do It Legit’: Drug Arrestees Vie for First New York Pot Licenses

Anytime the police approached the street in the Bronx where Hector Bonilla used to hang out, his friends would toss away their marijuana on the ground, he said. The police…

Recreational marijuana use in Australia could be legalised by federal parliament, Greens say

Federal parliament could override state laws to legalise recreational marijuana use, according to new constitutional advice obtained by the Greens. As the minor party ramps up its campaign to legalise…

More Categories

Back To Top
×Close search
Search