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Share by E-Mail The Illinois-based Hemp Foundry wrapped up its first year selling hemp clones specialized for CBD production and oil extraction in — helping many of the two dozen or so Illinois growers it works with earn a profit, while others in the industry are still looking for buyers. From there, the oils are sold and labeled under brands such as Simple Soul to be stocked on shelves around the state.
The profits are shared with the farmer. Horras does some back-of-the-envelope math for an acre of hemp planted in 4-foot rows, which would yield 2, plants at about 1 pound of biomass each after large stems and leaves are removed.
How it works Horras says Hemp Foundry prioritizes sales for its growers based on when their harvest was received. While Hemp Foundry extracts all biomass immediately into crude oil to avoid mold issues with storing, it keeps the oil as winterized crude oil until it can fill an order.
The company also thoroughly tests the product it receives for trace heavy metals and other contaminants, taking samples from the harvest themselves rather than relying on samples sent in by the farmer.
Source: Austin Keating, FarmProgress.