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hey there Jim breeze here for green girls CPAs and thank you for taking the time to watch today's webinar our topic is going to be how to start your hemp farm and get into the hemp industry now it's a very exciting time to be in the space of hemp right now with all the buzz around it you know the CBD and the plant but aside from those two aspects there's many many other consumer and commercial industrial applications for this plant over the next five 10 15 30 years you're going to see that this plant is going to become intertwined in your life and touch every aspect of your life from building materials to you know textiles and plastics biofuels a lot of transformation is going to be happening so in today's webinar we're going to talk about the financial aspects how to get your license a little bit around intellectual property and many other nuances of the industry if you have any questions or you want to get your hemp license then please visit our website at green growth CPAs comm and click that get started button on the top right corner or give us a call at eight hundred 676 you a ton of value let's hop right into the presentation everyone thank you for taking the time again to join our webinar this afternoon really appreciate it today our topic is how to start your hemp farm business my name is Jim breeze the chief marketing officer here at green growth CPAs and again thank you for taking the time to join before we hop in I just want to let you know a little bit more about green growth CPA so you can get some color in context to why we can speak to this topic here so we are cannabis only CPA firm we prepared over 1200 annual tax returns for cannabis operators spread across all verticals from the dispensaries distribution cultivation manufacturing delivery and testing and we have 400 cannabis business clients where yes we do their taxes but we do also other aspects of the cannabis industry such as licensing compliance work business plans pro formas pretty much anything that's cash in cannabis is what we help cannabis operators with we're operating now in 12 states with clients in California Oregon Washington Colorado Oklahoma Hawaii Arizona Florida Montana lots of different states as well international clients trying to bring their from outside the u.s. into the US as well as becoming hubs for brands that are within the US to bring them to other countries outside the US aside from that we've done 15 audit related and evaluation projects for 2018 in the first nine months of 2019 so where we help people understand and get confidence around the numbers for their business and help them either sell their business in an M&A transaction or do an audit give that back to the investors to increase confidence maybe also to go for another funding room we have a thorough and deep understanding of tax compliance and assurance related requirements of the cannabis industry so we're very deep in the industry we know a lot about the industry have a lot of clients from very large public companies down to the small individual operator making a hundred grand a year so we have a lot of vision in scope and our hands into a lot of different aspects of the industry at all parts of the spectrum from again beginners to multi-state operators that are public operating companies before we get into today's presentation I need to let you know that the information contained in this webinar presentation is meant for guidance purposes only in that is professional legal or tax advice and further it does not give any personalized legal tax investment or any business advice in general so with that out of the way let's hop right into today's agenda so I'm very excited to talk about today's topic because it's very eye-opening as to how impactful hemp is going to be over the next two seven 15 30 years for the entire world for so many industries it's just very very exciting so for today's agenda we're gonna talk about the difference between hemp and cannabis the market opportunity that's there the affected products and industries that hemp will disrupt why starting in hemp right now why you should actually do that the types of licenses you can get and we'll need licensing process and fees associated with that the testing process for your hemp and then financials and aspects around profitability so aside note before we get too deep into the presentation just to preface this a lot of the information comes from California operations however most markets are similar to California in many regards but also note that not all counties are accepting applications for hemp cultivation right so the Humboldt Mendocino Monterey Napa San Bernardino Santa Barbara Sonoma those are just a few but at any rate we're going to talk about is kind of the base eighty ninety percent of what you - no and the little nuances for each state or for each County we can dive a little bit deeper into when you engage us as your licensing partner or someone to help you out with your licensing process for your business plan for your pro forma and helping you start and open up your hemp business so let's hop into the difference between hemp and cannabis so three main aspects for it that I want to point out there are a lot of different aspects to it but let's just point out three main difference this year so the main difference in the way to identify hemp versus cannabis starts off with a concentration of THC which is one of the psychoactive ingredients in the cannabis plant so in hemp it's equal to or less than 0.3 percent THC and in cannabis it can be from anywhere from 0 or 0.3 all the way up to 40% we've seen some getting towards that higher range there and I'm sure as the genetics in the breeding happens more and more you'll see even stronger cannabis raw biomass that's the main difference it's not as strong with the THC but the CBD component is either elevated or at parity with cannabis now the laws that govern each of these plants here's right we're not lawyers but just some high-level thoughts about it hemp is regulated by the farm bill of 2018 and the regulatory bodies of the USDA in the FDA so the farm bill was signed into law in the United States in December 2018 what that did essentially was hemp it was removed from the schedule one of the Controlled Substances Act which then legalized its cultivation throughout the United States whereas cannabis is still a schedule 1 controlled substance and the DEA Department of Justice and the FDA are regulating oversight bodies for cannabis so essentially you see that hemp be grown pretty much anywhere with a lot more lacks licensing and scrutiny from regulatory bodies whereas cannabis big magnifying glass over the top of that everybody's keeping a very watchful eye and one of the most important aspects is that the tax codes write hemp is not subject to 280e tax code meaning that you can take the deductions and the exemptions and all these other credits and things like that just like an ordinary business whereas a cannabis business where you're selling primarily THC based products you cannot take a lot of these deductions or credits so it opens you up as a hemp operator to more tax benefits so let's talk about the hemp market opportunity so you know when you hear hemp you think probably right to CBD well what they're saying is that total CBD sales in the United States is expected to reach 22 billion dollars in the next three years by 2022 that's projected by the market research company the brightfield group but then you have hemp industry daily estimates that the annual US hemp derived CBD retail sales between you know six point 1 billion to 7.5 billion by 2023 right that's a subsection of that total CBD sales now understand that these are just some estimates with our current understanding in the current demand but the opportunity is much much bigger when you take into account the advancements that will be coming from the industrial hemp applications outside of CBD CBD is just the hot topic right now it's one of those additives it's one of those things that gets people excited something new but when you look at the industrial hemp applications in the commercial space even in the consumer space this opportunity could be in the hundreds of billions of dollars lots of industries are going to be affected by industrial hemp cultivation lots of products are going to be transformed so let's just kind of take a look into what that's gonna be so the products and industries that are affected by hemp is massive right there's gonna be consumer and industrial applications and talking with a lot of our operators and the people that are our clients we're understanding that this is like the innovation similar to the dot-com boom and then what happened in that situation is the internet transformed communication data transfer it just advanced things very very quickly and we see that hemp will change industrial products and consumer products in that same magnitude obviously not in the same way it's not bits and bytes it's a plant but the industrial applications for the hemp plant are gonna be amazing you're gonna see a lot of transformation again over the next 10 15 30 years with hemp joining the market as a viable raw product to be created into many other final products so let's hop into some of those products you have biofuel bioplastic right hemp only produces 1/3 of the waste and carbon footprint than any petrochemical processing for bio plastic you have textiles against CBD products beer and alcohol sunscreen ropes and fibers hemp strands are extremely extremely strong some of the manufacturing methods make them 200 times stronger than steel you have car parts Henry Ford built a hemp car in 1953 these parts are lighter cheaper and stronger than traditional materials you've got paper building materials food in food additives non-toxic ink batteries makeup and cosmetics UV resistant surfboards there's so many applications when you take this raw product and make it into a lot of end products for the consumer or other industrial applications you start to think about it you look around the room that you're in right now anything that's got plastic in it can be changed with him anything that is a textile can be transformed by using hemp batteries all these different things start to come to mind and you start to see the magnitude of how hemp can impact everybody's daily life so you're probably asking what why start or convert to him what is the big deal why should I do this now well other commodity prices are either stable or dropping things like corn soy wheat these things are dropping in value in hemp uses 1/2 the water in almost 4 times the yield of biomass with little to no pesticides compared to the traditional crops again the corns the Cotton's the wheats the soy so that could be an 8 x or an 8 X increase in the production of raw material also with him you get multiple crops per year so if you're in El Paso Texas or Arizona you could be looking at four times as a crops per year which means that you're almost looking at 32x compared to your traditional crops Oklahoma 2 to 3 crops a year the northern states 1 to 2 times per year and corn is one crop per year and maybe you get to throw a wheat in as a winter crop at any rate you get a lot more biomass per year because you can grow this multiple times a year another reason to start or to convert into hemp is that crop insurance is now becoming available since there's now enough data in metrics around the yields and what reasonable payout should be if your crop doesn't come out well another one is that the demand is increasing again we saw the products and the industries and the other page but also you see CBD demand is going up all these other products their demand is going to be going up so as demand increases prices are going to rise of course there's gonna be a leveling market conditions will come into play supply and demand will play out but at any rate you're seeing a lot higher income per acre it'll explore later in this presentation where it makes sense to jump in now and even in 12 months or in six months with hemp you have access to banking right with cannabis the traditional cannabis you don't have access to banking unless you're a very large company or you're willing to pay a points on your money that could be changing with the safe banking act but at any rate being a farmer in hemp you will have access to banking it's also a smaller carbon footprint and then less water is needed hemp uses 2.1 liters to get one kilo of biomass whereas cotton uses nine point seven liters to get one kilo of biomass so when you look at that that's what a 3/4 X you know reduction in the amount of water if we're coming into a point now where in California droughts lots of droughts in the south you're gonna start seeing more droughts climate change is real as you start to see that we're gonna have to go to crops that pull less water from the water table and allow us to create the same standard of living the same great products again unless water and lastly I think the most important part of this is that you can do interstate commerce you can go out to the Oklahoma's the Texas the Arizona you know anywhere in the southern states the central plains states get property that's very cheap produce your hemp and then ship it throughout the entire country and then at some point throughout the entire world to help extend your reach to help do business activities that make financial sense in the right spots right you can do the grow and processing right in the southern states and then sell your product to a large manufacturer somewhere up in the north or they can buy big big orders right you start seeing orders come in for 50 million pounds 70 million pounds 30 million pounds right this is big business this is not just some farmers growing two acres of him we're talking five thousand acre farms 9,000 acre farms this is real big business and you have an opportunity now to get in on maybe not the ground floor but that first floor second floor of a hundred floor building the opportunity is presenting itself now so there are two types of licenses for hemp right so you're gonna have the license to cultivate hemp which means simply you're gonna be farming the land planting seeds clones and creating that plant harvesting that plant getting the biomass producing hemp fibers seeds and flowers and buds then you have the license to do seed propagation or seed breeding and this is where you breed different types of seeds and strains intended for sale or for research well I think this is a very attractive license is that you can create intellectual property for the future farm that you have or to license out to other Raiders and other farmers so this year in July were reported in September Charlotte's Web Holdings secured what appears to be the first American patent for a hemp plant it was resistant to cold and it's capable of producing up to six point two four percent CBD and only 0.2 7% of THC so when you start to get into plant patents you know you think of the bigger conglomerates in the space of seeds you know the Monsanto's of the world they are creating cultivars and seed strains that are very very good for certain soils for certain climates for certain areas to have this stuff produced when you start to create a bank of intellectual property you can license that right you can get this stuff out to the masses of farmers have them use your strains and your seeds and then you benefit from that so it's not just the actual product but the intellectual property behind the seeds is how you can benefit as a hemp producer or a seed breeder so let's jump into the licensing process and the fees associated with that so again I'm gonna review the process for the state of California but understand that this process is pretty much the same throughout the country there may be a few little nuances here and there that need to be tweaked and we can help you with that as we go through this licensing process with you so in California the licenses are submitted and issued through the county in many states and counties are sponsoring pilot programs to teach hemp farming to their communities so for example on Oahu in Hawaii where I was this past weekend they only have a handful of farms and the Unive
sity of Hawaii is helping research have growth and sharing that knowledge with the local community so one thing that happened you know earlier this year I think in August 18 crops came in hot which means they were way over there THC limits and they had to be destroyed in Hawaii okay so why is this important so breeding 0.3 percent THC for the certain strains that are out there right now is really difficult in Hawaii because they have a really unique climate you know and photo period compared to other states so things that are being developed in Colorado Oklahoma Nevada California those seed strains may work very well for those climates but you move those seed strains out to Hawaii where they have volcanic soil very rich in nutrients and vitamins Sun pretty much every day of the year lots of rainfall it's going to produce a different fine product than it would in a you know mainland state so just to be aware that this is why having a cultivator license and a seed breeder license could be very very helpful for you as they have entrepreneur so the process is simply this you're gonna get the application and you're gonna fill it out and there are small nuances that can cause hang-ups and back and forth between you and the county commissioner so for the application you need the name address of your applicant so yourself you need your name and your address mailing address and your physical address then you need your legal description the GPS coordinates in the map of the land areas that designate where the cultivation will go as well as the size of the property that we're talking about here and lastly the purpose when you look at that map where's the cultivation gonna happen where's the storage gonna happen or is both gonna be on the same parcel of land further from that you're gonna need a list of approved seed cultivars to be grown including the state and county of origin of those seeds so you know for the one that we have done in San Diego we have our hemp farm we did cherry wine and that comes out of Colorado we had to submit a form which I'll talk about in the next slide showing that this is an approved cultivar of hemp so that we can actually grow that and they know what product were growing down in San Diego so aside from the application there are registration fees so prior to doing any kind of cultivation to submit a $900 fee with your application in a separate registration fee is required for each county in which the applicant or the grower intends to grow industrial hemp and then the registration is good for one year and then you have to renew it for $900 every year subsequent from that you know straightforward process but again there are small little nuances that you can get hung up on and then it was a lot of back-and-forth and if you comes in almost an egregious process to get your hemp license and that's what we're trying to explain the process but also be that resource to help you out with the licensing process and get that license done fast for you so a few of the licensing considerations here so you need to have the CCR four nine to zero documentation simply what this does it shows that you are using a pre approved seed cultivator to buy your seeds from so someone has developed some genetics that have been pre-approved you buy from them to develop either new seeds or you're gonna be growing that specific strain for cultivation right it's a document that's very very important if you don't have this document you do not get a license what cultivators put on their application is what they must grow so you can't just go oh we're gonna go get this one seed from this cultivator over here and then go in the back door and do other strains if they catch you doing that they will pull your license so if you want to grow something different than what's on your application it needs to be pre-approved by the county don't forget that don't try to pull a fast one in the county because again if they find out they will pull your license and that will reduce or eliminate your opportunity to get your license renewed so I talked about you need to show a map so simply how to do this is you're gonna need to show a Google map of the parcel that you'll be cultivating on and growing your hemp as well as where your seed propagation will be so as you see on the screen now two of those images it's just again an overhead shot from Google Maps you draw in the box and say hey this is where the seed propagation and cultivation will be at you outline on the property where things will be at so you keep hearing me talk about 0.3% THC well how do they know that there's a testing process and requirements around testing your product before it actually gets harvested so let's just go over the testing process there's three main aspects to it and then we'll talk about the remedies what happens if everything is good or if the crop tests hot so the testing process simply breaks out into three subsets here you've got the collection of the samples so you're gonna have a commissioner or third-party sampler designated by the commissioner come out to your property and get samples of your crop and what they're gonna do is they're gonna verify the GPS coordinates of each sample and then the grower or the registrant you have to be present to observe the collection of the samples and give access to all the plants on the registered land so you don't come back and say hey well that wasn't from our land or that wasn't from our crop or that exactly was not from this seed strain or this composite shut you know set of samples you know there's some kind of discrepancy your oversight is needed and you're overseeing the process to make sure that everyone is staying on the up-and-up so once that collection of samples is done let's talk about the sample volume so it must include all parts of the plant not just a leaf or a stock or a stem it's gotta include the stem stalks leaves flowers seeds and buds and it's got to be from an 18 inch lateral branch from the lower third of your plant and if plants are less than 18 inches and the entire plant must be chopped down and taken in for testing they need to have a composite five primary samples from different plants for each cultivar right so a separate composite of samples for each cultivar that you have on the property and if you're doing indoor versus outdoor its treated as separate fields so if you've got cherry wine indoor and cherry wine outdoor they're gonna need five samples from the outdoor and five samples from the indoor so it can be a tedious process for testing but it's just what needs to be done they also say to not take any samples from the outside ten feet of the field so you're gonna get a lot of samples from the inner portion of your field now you look at the handling of samples the third part here let me put into a per meal bag it's not conducive to mold growth so things that don't allow mold to happen and you have to maintain a chain of custody with the samples that have seals with the relevant information I don't want to go into the details of what those specific pieces are but they maintain a chain of custody going from the field to the lab it needs to be delivered to the testing lab within 24 hours with all the custody documents so that you know what the samples are fresh they're gonna get there they're gonna get tested and then we're gonna get some results back so let's hop into seeing what actually happens with those results so if your product is less than 0.3 percent THC great you're all set go ahead and move on to the harvest process and you know all good but what do you do if your product fails or tests hot test hot means over 0.3% well if the crop is over 0.3% THC then the laws in most states require and read that you know the crop needs to be destroyed but in some states they have provisions to sell that crop to the medical marijuana market but most governments are trying to discourage this from being a thing so just again you know there's a little nuances to it we could look into that for you but don't bank on that being a thing and this is why seed genetics play the largest part of the risk if you get a seed strain that is on that upper level say it's a zero point two seven zero point two eight of THC you know now you're like okay well what if we do really well and grow a really beautiful plant very strong plant and then it gets over to that zero point three six zero point four all that hard work all that effort all that time is now going to go two ways because that crop will have to be destroyed but let's explore the steps of the testing process and how destruction of the crop actually happens so what's gonna happen your crop test hot you'll get that first test back and if it's between 0.3 and 1% then you can submit a new test for review you just have the Commissioner or that third party come out collect the samples in the same way we talked about in the slide before and if the second test comes back between 0.3 percent and 1 percent then you got to destroy the crop as soon as practical but no later than 45 days after you receive a receipt of abatement from the commissioner but if the THC content comes back greater than 1 percent then you must destroy the crop within 48 hours and complete it within 7 days and before you do any kind of destruction you need to submit a destruction plan to the commission of your County at least 24 hours prior to the start of your destruction process so let's get into some estimated financials and some considerations around the money to get started in the hemp industry so hemp fields about 1 to 1.5 tons of biomass per acre so when you look at the gross right profit is a very complicated formula we're gonna get into some aspects of profitability on the next slide let's just talk about top-line here what you can expect so with hemp you can look at 20,000 to $100,000 per acre in gross revenue and you'll be on that lower end if you're just doing straight biomass chopping down the plant sending it out to a processor and you're on the higher end if you are the processor and you know that way high end if you're doing like CBD isolate compare that to alfalfa alfalfa brings in 700 to 900 dollars per acre in corn 1 to 5,000 dollars per acre and I say more on that lower end so you're looking at like a 20x differential between hemp and alfalfa between hemp and corn that's a big big difference and if you don't want to hop all the way into hemp right away just go straight only into hemp you could throw it in as a rotation crop it doesn't need to be the primary crop just understand you could pad your margins by making it a rotation crop so if you look at those numbers you start to understand all right well that's per acre what if we have a 10 acre farm and we averaged $50,000 gross per acre half-million dollars per harvest right now if you do 3 harvests a year 1.5 million dollars now you want to go to a hundred you're at 15 million dollars annual gross and then you can scale that up as much and as much as you want and I said at the beginning of this you're gonna see farms in Oklahoma Texas or there at the thousands of acres tens of thousands of acres of land going into hemp cultivation but don't get discouraged you can start small look starting with 10 20 30 acres and then parlaying that money into a bigger field later down the road if this opportunity is not going anywhere but up so there's got always going to be opportunity just as sooner you get in the sooner you're gaining the knowledge to start scaling up your operation but we look at all right well what kind of equipment do we need what's our kind of capital expenditure budget that we need so just some high-level things there's a lot of details that go into this but I would say around $500,000 right that's less the actual acreage you're gonna need that you know we'll talk about that in a moment here but $500,000 for capital outlay from machinery if you're bringing the farming in-house for about a 100 to 500 acre farm so something that's smaller than that you could do a you know less capital expenditures but the biggest differential here in the costs are two main ones here is that you could buy the land and pay all the money upfront or get a USDA loan or you can lease the land from other people right so you don't need to actually own the property you could lease someone's land out get all the licensing and then go cultivate on that land right this is a very common practice for all types of crops now further from that maybe you have the land but you don't want to put all the money out to you know hire people buy equipment and do all that stuff and you don't need to be the farmer you can outsource the farming on the other side of that deal and lease out your land for split of the profits what this does is it aligns the assent 'iv for a higher-quality crop there are a lot of groups out there and it's growing even faster and faster now such that they are master growers they'll come out to your place and they'll do all the cultivation for you for split of the profits so it's a really sweet deal for most people and we'll dig a little bit deeper into that into this next slide which is the aspects of profitability so a lot of different things that are gonna go in baked into your margins here and this is not an exhaustive list this is just some aspects of profitability I'm sure I could come up with a few more if I set and potted about it but just a few things here skill level and yields are you good at farming are you terrible at farming you know how good is your equipment what is the yield like for the strain that you have so seed strain plays a big important role in this right if it tests hot or if it's at the upper level you could potentially have to destroy some crops which will dig into your profitability then you have soil content and Composition so what kind of soil type do you have do you have sandy soil do you have clay type soil right there's certain breeds that do well in a well draining soil and some that do well in a more clay type soil and they have different yields so you have also input costs such as water nutrients and labor are you paying for city water are you getting water from you know just natural precipitation what's the labor costs for you around your area if you're bringing all this farming in-house you know what is nutrient cost so you're outsourcing the nutrients you have pest management your crops being killed by pests are you outsourcing pest management are you doing it yourself do you have to invest into more equipment for that then you have the weather kind of dovetailing into a few other points from before you know the rainfall are you getting natural rainfall are you paying for irrigation and maintaining the irrigation equipment are you getting a lot of good Sun where you can grow outdoors or you doing it and an indoor grower you have to pay for electricity do you have economies of scale with your time your effort your equipment right economies of scale means as you get bigger the sunk cost or the fixed costs can get amortize over more acres which makes you more profitable per acre then you have to look at the macro economics in the supply and the demand of the crop over the next 12 24 36 months you're gonna see a parabolic growth in the demand for the crop and you're also gonna see a lot of subpar product coming out of these initial farms because the knowledge just isn't there right we've been in prohibition for hemp for a very very very long time we're not just gonna turn on and be at a plus a great product right away but what that means is that there's still an opportunity over the long haul to produce a very profitable crop a very high yielding crop a very powerful crop that you can then monetize if you learn the skills and the tactics and all the things that Caesaria to produce that crop then you also look into how vertically-integrated is your business are you processing yourself are you selling it out to a third party we talked about this a little bit earlier if you ship out just the biomass they're gonna make less money per acre whereas if you are processing it yourself and doing it all vertical integrated you can be on that higher end creating either you know more refined ingredients for final consumer products or even making a
d consumer product yourself maybe you're making textiles from the hemp fibers that you're growing then you have the master grower fees I talked about earlier is like you know you don't have to be the farmer you could bring in a master grower they could either teach you how to grow or they could lease the property off you but if they do teach you how to grow you can do a profit split or a crop split and you choose a duration you know be here for two years three years four years whatever your kind of contract and negotiation was with them and again this aligns the interest and the incentives when you do a split crop they don't want to make a junk crop and waste their time they wanted to make the best crop they can as a master grower so they can make the most money off that crop when you sell it off and then lastly you know pre selling your crop versus selling on harvest there are some people in some groups and some big companies we're talking fortune 500s that are just waiting on the sidelines they have these big big big purchase orders out there now and they're just waiting for someone to be able to fulfill on that right there's food producers there are car companies that are trying to produce panels come from hemp right they're waiting on the sidelines so maybe your pre selling your crop and you do a little bit discount because you know you've got some guaranteed money in the bank or you saw in harvest maybe you can demand a little bit more because you know your product will be better a lot of different factors into the aspects of profitability so I know we've been talking for quite some time here in what 25 30 35 minutes here I just want to wrap this up with a few key takeaways so the demand for industrial hemp is increasing dramatically for consumer products and especially commercial applications businesses are always looking for lighter cheaper faster better materials in hemp is filling a void that is been there for a very long time like petrol is not surely all the way out coal is not all the way out but over the next 20-30 years you're gonna see a huge shift from antiquated inputs all the way into this hemp input this hemp biomass to create the products that we use and love every day now hemp is under much less scrutiny than cannabis so more lacs laws you can do interstate commerce you're not subject to 280e so a lot more room for you as an operator to seize this opportunity also another takeaway is that there's two licenses you can do cultivation or you can do seed breeding where you start to create intellectual property in different strains that work in different areas or for different applications and then lastly is incredibly more profitable than most if not all traditional crops the alfalfa the corn the cotton the wheat those crops so it makes sense to at least explore this as an option for either a a rotational crop or be converting fully over to hemp to juice up your margins by an order of magnitude not just some small 15% 25% we're talking to 510 20x on your return so we can thank you for taking the time today to listen and learn a little bit more about the opportunity for the hemp market for you your company your business partners hopefully this presentation has brought you some value that's my aim every time we sit down for one of these webinars and if you're looking to get into the hemp industry first things first you have to get licensed so please get in contact with us to help you get your hemp license we have a hundred percent success rate thus far with applications for hemp licensing and if you want to get started please reach out to us today at green growth CPAs dot-com or giving us a call at eight hundred 676 it's gonna transform the way we see the world you know it may not be as fun and as sexy as cannabis creating a cannabis brand but this is gonna be an essential need over the long term there are lots and lots of applications for hemp and again in the consumer market and the industrial commercial market so allow us to help you get your hemp license today reach out to us at green growth CPAs com or give us a call at eight hundred 676
