America’s VIIHPC (Virgin Islands Industrial Hemp Committee) has granted the first commercial hemp cultivation and hemp seed distributor license under a measure passed in early 2020 by the country’s Agriculture Department.
Crucian Hemp Farms LLP, the licensee, disclosed that it would cultivate five hemp acres in its 125-acre farm during the first year before gradually upgrading fields.
The company’s Farms project fund manager, Jack Thomas, asserted that $4M from the $9M financing required for the task has already been acquired and the firm has purchased greenhouses and leased land for natural production.
USDA (U.S Department of Agriculture) passed the area’s formal hemp proposal in May 2019, providing production and research oversight to the region’s Agriculture Department, Virgin Lands University and the Hemp Committee.
Read more at hempspot.com