Morgan Elliot of IND Hemp in Fort Benton mentioned the cross-pollination cost by the opponent is true, however added the diversification alternatives to farmers is far wanted in a time when conventional crop costs have struggled. Wheat and barley can get a farmer $10 to $15 an acre, Elliott mentioned, whereas hemp has the potential to supply $250 to $300 an acre.
“We all know that wheat and barley and the other crops that are typical to Montana right now are struggling to produce a good crop for our growers,” Elliott mentioned. “So the revenue opportunity for a typical Montana farmer is really bringing a new opportunity and industrial hemp really has a place to stay in Montana.”
Jason Smith, a co-owner at Montana Advanced Caregivers, contended Montana’s medical marijuana program, established in 2004, has been in place longer than the state’s hemp program, and should not be wrangled round in favor of hemp. He invested in his enterprise 13 years in the past with indoor and out of doors develop operations. His 10,000 square-foot facility within the medical market produces $40,000 in tax income for the state, Smith mentioned. In the upcoming leisure market, the place the product shall be taxed at 20%, the identical facility might create $200,000 in income for the state, he added.
“Marijuana is the market, that’s what’s going to make the money,” he mentioned. “I just don’t understand how economics is not an issue, if that’s what this is all about.”