So, we have been working towards investing in a new extraction lab at our warehouse in PA (still interviewing operators, pm me if interested in a JV), and we applied for a hemp cultivation license, there is no processing license in PA. We have about 50,000 sqft available.
This led me to think about the prospects of indoor cultivation.
In your opinion, could indoor hemp cultivation be profitable? What would be the highest and best use?
On a bulk basis , it looks like cbd hemp flower and cbd hemp oil are similar, at around $3 per gram. Companies like https://tweedlefarms.com/ are freely selling in most states, grams for $9 and 8ths for $30 and ounces for $100.
Hemp flower also seems to be trending along with cbd oil.
Indoor flower would probably earn a premium. The perfect alternative to smoking weed or tobacco at work. I see this market growing pretty substantially.
Plus, we could do tissue culture propogation for valuable cultivars and reduce risks for farmers. How much would a hemp seedling go for with 15%+ CBD?
Plus, we could do breeding and develop more other valuable strains.
Lots of ideas. I’m interested to get your feedback.
Can we grow indoor hemp flower for less than $2 per gram? If so, how would we go about starting in such a large warehouse space. Would containers make sense?
Anyone interested in doing a JV for indoor hemp cultivation? We have the real estate and capital, you come to Pittsburgh.