Farmers beginning the second year of Virginia’s legalization of commercial hemp are seeing a lot of uncertainty, both in governmental regulation and in dealing with processors.
Lots of hemp farmers jumped into the new market last year, resulting in a bottleneck among processors who turn the raw hemp into cannabidiol (CBD) oil. On top of that, federal regulators are still making changes to how they oversee hemp growth. State regulators are forging ahead on their own in the meantime.
It all adds up to a complicated market and regulatory environment for growers.