'The crop exceeded our expectations' – Hemp farming thrives in Hudson Valley

Posted: Updated:

What's being called the most lucrative cash-crop farmers have seen in decades is bringing in plenty of green to the Hudson Valley.

A 50-acre plot in Wappinger Falls is one of hundreds entering the hemp-growing industry since Congress passed the Farm Bill of 2018 a year ago.

"The crop exceeded our expectations. From the first 50 acres, we got around 120,000 pounds of hemp,” says Igor Goldenberg, of CanaFarma.

The law uprooted hemp from the controlled substance list, making way for a booming hemp-growing industry in the Hudson Valley.

"There are a lot of products that can actually be manufactured from hemp, from hemp-infused product to fiber,” says Goldenberg.

According to the New York Department of Agriculture and Markets, there are now 459 authorized hemp growers in the state.

Locally, Orange County has the highest number of growers with 32. Dutchess County came in second with 16.

Chase Terwilliger is the CEO of CBDistillery that sells CBD oils extracted from hemp, which can be used for health and wellness.

He says one of the main things that could hinder industry growth is the lack of regulation.

The FDA said in a warning earlier this month, CBD oils may not be safe until the agency sets regulations.

Next month, the state is expected to host a hemp summit to help further develop policies and priorities related to the hemp industry.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."