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2019 March Madness of Hemp


We’re in the heat of basketball season with the NCAA championship in full force. We’re not sure who you have in your bracket, but we’re pulling for Kentucky! In addition to being an all star basketball team, Kentucky is an all star hemp state.

Granted, Kentucky is Anavii Market's home state, but we’re not biased at all... Maybe we’ll leave the bracketology to ESPN and stick to our specialty - hemp!

2019 March Madness of Hemp

2018 was a Cinderella story year for hemp.

In addition to the 2018 Farm Bill passing, hemp farming in the U.S. went from a total of 25,713 licensed acres in 2017 to a whopping 78,176 licensed acres in 2018.

How does Kentucky hold up in hemp against other powerhouse states? Which states are newcomers or underdogs? Let’s take a look at Vote Hemp's U.S. Hemp Crop Report to compare acres of hemp farmed as well as other strengths and key players in each state.


Kentucky



The bluegrass state may be best known for its horses, bourbon, and basketball, but it is also known for running an aggressive power offense in the hemp industry. Kentucky representatives and senators have been leading efforts to legalize hemp farming and production for years, giving Kentucky an early-mover advantage.

Total hemp acreage in 2018: 6,700 acres

Hemp acreage in 2017: 3,000 acres

One Year Growth Percentage: 123% Increase

Strengths

  • History: In the early days of the U.S., Kentucky was one of the strongest hemp producers. In fact, hemp farming was bigger than tobacco farming in the 19th century.

  • Production: Dozens of companies source their hemp from Kentucky farms. Profits from hemp farming tripled from 2017 to 2018, totaling over $57.75 million.

  • Conditions: The soil is rich, the climate is ideal, and there is tremendous room for growth, both economically and geographically.

  • Regulations: Hemp was one of the first states to legalize hemp farming. With years of experience ahead of other states now coming to the game, KY continues to be a big player in the industry.

Key Players

  • Friends of Hemp: A nonprofit started by our co-founder, Annie Rouse. FOH strives to educate and empower farmers, manufacturers, and consumers alike in their use of hemp. From animal feed to best farming practices, Friends of Hemp is pushing the hemp industry to move forward in stride.

  • GenCanna: A processing and extraction company located outside of Lexington, KY. GenCanna sells raw CBD to businesses aspiring to retail hemp-derived CBD products.

  • Ananda Hemp, Green Remedy, and Nature’s Hemp Oil: Three of Anavii Market’s top selling CBD brands. These three companies are providing premium, verified CBD oil to the everyday consumer.

  • Senator Mitch McConnell: No matter your political standing, we have to appreciate that Kentucky Senator, Mitch McConnell was the lead influence in passing the 2018 Farm Bill, legalizing hemp federally.


Montana

2019 March Madness of Hemp



Montana isn’t just for cattle ranchers anymore. 2018 was a breakthrough year for Montana in hemp crop yields. With a moderate climate, geographic space to expand, and a simple state-farming structure to incentivize newcomers, we expect big things for Montana this year.
 

Total hemp acreage in 2018:  22,000 acres

Hemp acreage in 2017: 542 acres

One Year Growth Percentage: 3,959% Increase!

Strengths

  • Geography: Montana has seemingly limitless space and their proximity to the West Coast and Canada makes them a nearby supplier of raw material to hemp and CBD companies based there.

  • Regulations: With few limitations and licensing hoops to jump through, it is easy to see why Montana’s hemp industry has boomed in the last year.

  • Conditions: The climate and soil composition are ideal for hemp farming

Key Players

  • Hemp Magazine: A publication dedicated to educating the consumer on news, innovation, and products in hemp, Hemp Magazine is proving that farming isn’t the only thing Montana does well.

  • Vitality Natural Health: One of the largest hemp processing companies in the nation, their primary operations are based in Eureka, MT.


Top 5 States of Hemp Farming By Acre

#1. Montana:
22,000 Acres

#2. Colorado:
21,578 Acres

#3. Oregon:
7,808 Acres

#4. Kentucky:
6,700 Acres

#5. Tennessee:
3,388 Acres


Colorado

2019 March Madness of Hemp

 

Famously known as the first state to legalize recreational marijuana, Colorado is a pioneer when it comes to cannabis. Pulling the original fast-break with cannabis, Colorado established a legislation that allowed tremendous economic growth for Denver and the state overall.

Total hemp acreage in 2018: 21,578 acres

Hemp acreage in 2017: 9,700 acres

One Year Growth Percentage: 122% Increase

Strengths

  • Legalization: First state to legalize recreational marijuana

  • Economic Structure: Strong, organized tax structure to incentivize growth and increased state-revenue

  • Middle America: Central Location to the United States for shipping and delivery

Key Players

  • Bluebird Botanicals and Elixinol: Two of Anavii Market’s top selling CBD brands. These two companies are providing premium, verified CBD oil to the everyday consumer. Bluebird Botanicals is 1 of just 13 companies who was in the first class to receive approval via the US Hemp Authority Certification Program.

  • NoCo Hemp Expo: The largest gathering of hemp organizations in North America, NoCo is the premier crossroads for new products, hemp visionaries and the future trends in the hemp industry.


Oregon



Perhaps the state with the most geographical diversity, you can find mountains, beaches, forests, rivers, lakes, and more in the beautiful Oregon country. However, this isn’t all Oregon has to offer. With access to quality water sources and rich soil, Oregon is a sure bet when it comes to cannabis farming success.

Total hemp acreage in 2018:  7,808 Acres

Hemp acreage in 2017: 3,469 Acres

One Year Growth Percentage: 125% Increase

Strengths

  • Conditions: With a strong summer season and adequate rainfall, Oregon is a prime spot for hemp cultivation and farming.

  • Old Growth Forest: The lesser known part of the Northwest, the Old Growth Forest houses some of the oldest fungi on the planet. These mysterious mushrooms and fungi help keep the soil rich and nutrient dense, which can in turn boost the cannabinoid profile of cannabis plants.

Key Players

Select Oil: One of the few companies offering both Hemp and Marijuana solutions for health and wellness, you can purchase a range of cannabis products, from 0% THC, 1:1 Ratios of CBD:THC, and even high dose THC. On top of this, they offer disposable vape pens for CBD use on the go.


Tennessee



Known for music, particularly Memphis blues, Nashville country, and Knoxville folk, Tennessee may be paving a new way into a totally new industry: hemp. Nashville has exploded with growth over the past 10 years, primarily with increased jobs in healthcare. This could make Tennessee a perfect place to merge hemp and healthcare together.

Total hemp acreage in 2018: 3,338 Acres

Hemp acreage in 2017: 200 Acres

One Year Growth Percentage: 940% Increase

Strengths

  • Community: The Tennessee chapter of the Hemp Industries Association (HIA) is the largest state chapter in the US and their leadership has continued to build the regional industry, including bringing the Southern Hemp Expo to Nashville, Tennessee for the first time in 2018.
  • Healthcare Headquarters: Many companies are relocating their headquarters or main offices to the Music City in order to recruit young people and pursue change in the healthcare sector.

Key Players

  • Kat’s Naturals & Bluhen Botanicals: Two rising companies providing quality CBD products to the greater TN area, keep an eye on Kat's products, while Bluhen is paving the way more in the world of production and extraction.

  • LabCanna: One of the quickest newcomers to the Tennessee CBD scene, this company has 5 brick-and-mortar locations in the TN and NC area.

  • Ancient Nutrition: A newcomer to the holistic health industry, Dr. Axe and his team are changing the health industry with holistic offerings such as bone broth protein and collagen supplements for people with autoimmune, inflammatory, and chronic sickness.

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Underdogs & Newcomers

Life wouldn’t be any fun without room for growth and potential. Each year, the NCAA waits hopeful for that one Cinderella team to upset the big dogs. In the hemp industry, the same phenomenon exists: while big players like Colorado, Oregon, Montana, Kentucky, and Tennessee are currently the frontrunners, here are some underdog and newcomer states to watch.

Virginia

Perhaps the most underrated player in the game is Virginia. As one of the first states to grow hemp in the US, Virginia’s historic connection to hemp runs deep. George Washington even grew it on his Mt. Vernon plantation. In 2018, Mt. Vernon announced that they are starting to grow hemp again.


Beyond historic figures, current leaders like
Anavii Market’s co-founder Jason Amatucci are paving the way for the modern hemp movement. In 2016, Jason formed the Virginia Coalition for Hemp and has played a pivotal role in campaigning for legislative change in the state and nationwide. Virginia’s proximity to Washington D.C. only allows for a greater lobbying and legislative presence, which is crucial as the laws today will lay the foundation for hemp in the future.

 

North Carolina

North Carolina is no doubt pushing to hit the Top 5 in state acreage for hemp. Thanks to their industrial hemp pilot program, they just barely missed the 2018 Top 5 with 3,184 licensed acres of hemp state-wide. 2019 should be an even stronger year for NC.

 

Alabama

We’d like to officially welcome Alabama as a newcomer into the hemp farming space. As of March 2019, Alabama has approved hemp farming for the first time since the prohibition era, giving over 180 farmers the green light to begin planting in April of 2019.

Welcome to the hemp family, Alabama.

Bubble Teams and Honorable Mention

Every year a few teams experience the heartbreak of being just on the bubble of making it into the NCAA tournament. Although not cracking the top list, keep an eye on these states that still had a robust hemp crop in 2018, but didn’t quite crack the top of the list:

Nevada: 1,881 acres

Wisconsin: 1,850 acres

Vermont: 1,820 acres

Pennsylvania: 580 acres

Maine: 550 acres

 

Here’s to a great 2019 hemp year, and may the best state win.

 

Bottom Line: March Madness of Hemp

We hope that this breakdown helps to highlight the key players for hemp farming in the United States.

The hemp industry is set to explode in 2019 and we are excited about the monumental growth coming for the economy.

n fact, we believe this will also influence the health and well-being of every American, as we continue to develop research on the effectiveness of CBD products for everyday use.


We're Here To Help!


Like always, we know you may be new to hemp and CBD products.

If you have any questions feel free to
contact us or call 502-209-8808. We look forward to hearing from you!

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