VA hemp, CBD industry gets a boost with new investment – WFIR News Talk Radio

(release from Governors office) RICHMONDGovernor Ralph Northam today announced that Shenandoah Valley Hemp, LLC dba Pure Shenandoah will invest nearly $3.3 million to establish an industrial hemp fiber processing and cannabidiol (CBD) oil extraction facility in the historic Casey Jones building in the Town of Elkton. The company will create 24 new jobs and has committed to purchasing 100 percent of its industrial hemp from Virginia growers, resulting in nearly $5 million in payments to Virginia farmers over the next three years. Pure Shenandoah will become the first participant in the Virginias Finest trademark program to source the hemp used in its products exclusively from the Commonwealth.

Virginias industrial hemp industry continues to experience tremendous growth, creating a wealth of opportunity across our Commonwealth,said Governor Northam.Projects like this one are an important part of diversifying our economy and developing new markets for industrial hemp. Our administration remains committed to supporting growers and processors as we work to ensure this crop has a sustainable future in Virginia.

Pure Shenandoah operates as a vertically integrated seed to sale company providing customers with safe and consistent hemp products of the highest quality. This includes strict regulatory control of crops, the application of certified good manufacturing practices, and complete traceability of each product back to the seed and farm from which it came.

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VA hemp, CBD industry gets a boost with new investment - WFIR News Talk Radio