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said George. And, the company is estimated project cost of $5-8 million, it will require
looking at a new product – hemp. another round of fundraising for George. He’s not
Second Chances Farm was one of worried about the prospects for the hemp farm as
the first in Delaware to obtain a the market for CBD products has exploded in the
state license to grow the non-nar- past few years. “That’s much easier actually to raise.
cotic version of cannabis. It has Hemp is black gold. We expect to be serious hemp
grown a small hydroponic trial of growers.”
hemp plans that have produced
promising results.
According to Todd Ericson, chief
growing officer at Second Chanc-
es Farm, “the industry standard for
hemp yield was 1 gram of flower
per planting . . . the trial run pro-
duced 2 to 5 grams per planting.
With hyrdoponically grown plans
able to be harvested every eight
weeks we are looking at a revenue
boon for the plant that creates the
therapeutic cannabidiol (CBD) but
not the narcotic THC.” With an
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