VIRGINIA HEMP FARMER, STATE AND MARKET CHALLENGES AND SOLUTIONS
CHALLENGES:
Farmer Issues:
Need education and guidance
The retail market is unstable and oversupplied, but there are many underserved populations
Expensive enterprise to start, maintain and insure
Processing facilities are not sufficient
Low official THC levels cause crops to be destroyed
State Issues:
In-state processing facilities are not sufficient
Dispensary system rewards out-of-state, vertically integrated corporations and sidelines Virginia farmers
Legislative issues and roadblocks, ie: Delta 8 legality, cannabis timetables and access, THC levels
Capacity for facilities inspections, labeling and testing requirements
Market Issues
Ample retail supply of out-of-state products; not encouraged to “buy Va-Grown.”
Some products are trendy but unstable (Delta 8, hemp “flower”)
Underserved markets need more access (specific disabilities and illnesses, low income.)
No market demand for Virginia-grown industrial hemp products
IMMEDIATE SOLUTIONS:
Education and advisory programs for farmers to develop successful business plans
Public awareness campaign to encourage buying Virginia grown, support Virginia farmers, and to buy the right products for your improved health
Encourage the public to create a demand for industrial hemp products (lumber, straw, textiles, fuels, plastics.)
Commitment to legislation improvements
clarifying THC/Delta 8
Inclusion of Virginia farmers into dispensary model
Commitment to state improvements:
More and better processing facilities
Standardized inspections, testing, labeling procedures
Commitment to encourage state funding and support with loans and grants:
Start-up capital expenses
Lower crop insurance
Commitment to ensuring Virginia-grown hemp gets into the hands of Virginia patients with medical needs, working with physicians and distributors
PROJECTED RESULTS:
A robust new economy for Virginia’s farmers...Virginia to be a national leader
Help farmers transition from obsolete or overproduced crops to a new and stable industry
Support Virginia’s farmers and their families, rural communities and small businesses to become more prosperous and independent
Encourage natural, plant-based healing products
Increase employment
Increase tax revenue
Build rural support
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