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Home 🌿 Marijuana Business News 🌿 Southern Oregon hemp growers look to oil to make good money 🌿Southern Oregon hemp growers look to oil to make good money
Hemp growers look to oil, rather than fiber, to make good money
The Oregon Department of Agriculture will resume issuing licenses for hemp growers in late February just as the industry is veering away from industrial uses and toward the more lucrative market of medical marijuana products.
Hemp is a hybrid cousin of marijuana but with low levels of THC, the chemical that produces the high. It has been used over the centuries for fiber, clothing, food, oil and other industrial purposes. But since the legalization of medical marijuana 18 years ago, growers have found that hemp's high levels of cannabidiol can provide patients with some of the same medical benefits as marijuana but without the psychotropic effects.
“There’s a lot of interest in CBD extraction with hemp,” says Lindsay Eng, ODA director of Market Access & Certification. “It’s allowed. It just has to be .3 percent THC or lower.
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