A hemp grower and CBD manufacturer in Denver is shifting operations to Arkansas, which will allow hemp cultivation and processing for the first time this year.
Tree of Life Seeds is owned by Arkansas natives who said they set up shop in Colorado in 2015 to learn the ins and outs of the hemp industry.
They planned to return home when Arkansas legalized hemp production.
CEO Jason Martin told Marijuana Business Daily that as more states authorize for-profit hemp production, Colorado could see more companies depart to establish a presence in new markets.
“We’re able to do something really different” in Arkansas, Martin said. “We’ve learned what went wrong everywhere else so far.”
Tree of Life makes CBD supplements and develops hemp strains with high amounts of cannabidiol.
The company plans to grow hemp in Arkansas and also contract with other farmers to produce high-CBD hemp.
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