Farmtiva "You can make $20,000, $40,000 or $50,000 an acre on hemp, depending on percentage of your CBD," said Farmtiva's Boucher. He said fiber and hemp seed crops will produce less on per-acre basis but still be "maybe twice as much as corn."
In October, Gov. Jerry Brown signed state legislation allowing industrial hemp cultivation in the state starting in 2019. Given the favorable climate in parts of California, farmers can get up to two crops per year of hemp plants.
"California is the big agricultural monster and if these farmers really get into hemp, they could take a good chunk of the supply chain," said Farmtiva's Boucher. "Unfortunately, we're three or four years behind Colorado, Kentucky and Oregon and so we have some catching up to do."