"The inaugural Pennsylvania Hemp Summit will take place on Tuesday, October 8, 2019, at the Lancaster Convention Center in beautiful downtown Lancaster, Pennsylvania. The Summit will serve as a bridge to connect hemp farmers, processors, supporting industries, and hemp industry experts from across the country and internationally, and provide an occasion to learn, network and grow the businesses that comprise Pennsylvania’s hemp industry. Space is limited, so register today to join us for this special occasion!"
The inaugural Pennsylvania Hemp Summit will take place on Tuesday, October 8, 2019, at the Lancaster Convention Center in beautiful downtown Lancaster, Pennsylvania. The Summit will serve as a bridge ...
Nice!!! As a Farmer, assuming that tract would include information for those of us new to the crop...getting started, seed selection, matching up with processors...versus those who’ve already made the leap and are already growing it here in PA?
John Petrucci farming in PH would put us on the map and be huge revenue
"Come and see hemp research plots in the field, and learn from Penn State, PA Department of Agriculture and Hemp Industry professionals. The focus on this event will be growing hemp for CBD production.
View hemp research plots and learn about the potential for hemp growing and the marketing of products here in Pennsylvania at the Hemp Research Field Day on August 6, 2019 at Penn State's Southeast Research and Extension Center in Manheim, PA.
Last month, the York County Economic Alliance hosted our Economics Club breakfast series on the Economics of the Cannabis Industry. We welcomed two leaders – GTI (Green Thumb Industries), the operator of RISE Medical Marijuana (MMJ) growth and dispensary facilities; and Groff North America, part of the Wyndridge Farm Family, who has stepped into the industrial hemp and CBD industries.
It’s evident the cannabis industry is growing, thriving, and impacting the economy in ways we have only just begun to comprehend. 2018 was Pennsylvania’s first year in the MMJ program, and GTI alone experienced transactions totaling $132 million. By comparison, neighboring Maryland generated just under $100 million in their first year. Industry leaders equate this to the forethought and inclusion of PTSD and chronic pain as qualifying conditions for MMJ patients in PA. The projections after quarter one of 2019 are approximately $175 million.
With this volume of profit comes job growth. Between the 10 states with legalized recreational use of marijuana, and 34 green lit for medicinal use, the cannabis industry job market employs 211,000 directly nationwide. They experienced a 44% increase in 2018, making it the fastest growing job sector in the country right now. In Pennsylvania, only 90 people were employed in the sector at the beginning of 2018, and that has increased to 3,878 – if you’re doing the math, that’s a 4,208% increase. (Yes, 420 is in that percent…)
And that is just medical marijuana. Pennsylvania has also issued 350+ growing permits for the cultivation of industrial hemp. In 2019, an estimated 5-10K acres of hemp will be farmed in just Pennsylvania. Groff North America is building Hemplex, right here in Red Lion, to become an industrial hemp research park – the first in the United States. With the purchase of the HempTrain ™ equipment, they’re able to process the whole plant, producing materials for health and wellness, textiles, automotive, agriculture, construction, logistics, and additional industries. It’s essentially the cotton gin, for hemp. The economic impact here is uncapped. For example, the CBD industry, hemp derived, is projected to be a $16 billion market by 2025. Groff North America has also answered this call, opening Farmacy Partners physician-owned retail store providing hemp and CBD healthcare products."