Hemprise, a leading hemp processing company, has announced plans to build an industrial hemp processing facility in Colorado. The company is betting on the recent progress of federal regulation of CBD and the potential for increased demand for hemp-derived products.
Hemprise Bets on Federal Regulation of CBD with Construction of 100,000-Square-Foot Hemp Processing Facility. The company is constructing a 100,000 square foot processing facility in the United States to meet demand for hemp products.
Hemprise began operations in 2019 with the acquisition of 25 acres of property in southern Indiana, which would ultimately contain one of the biggest hemp processing plants in the United States, with 100,000 square feet of processing area. (Hemprise provided the photo.)
Phase I of the buildout, which consists of a 10,000-square-foot workshop on approximately half of the site in Jeffersonville, is nearing completion. According to Zheng Yang, the company’s general manager, Hemprise intends to start phase II of construction once cannabidiol (CBD) is a federally approved ingredient for food, drinks, and nutritional supplements.
“Depending on the condition of the CBD market, we are ready for the phase II building project,” Yang told Hemp Grower. “They believe they’re going to construct a factory here to take advantage of the bright future of the hemp CBD industry in America,” says the leadership team from Lauyn, a Chinese firm.
Yang believes that the federal government must clear up the murky area around CBD’s legality in order for the future to be bright.
“It’s very wonderful to see the combination of our great Hoosier farmers with [the] fantastic Hoosier manufacturing mentality we’ve got here,” said U.S. Rep. Trey Hollingsworth (R-D9) during a tour of Hemprise’s factory last month, according to local news source WDRB.
H.R. 841, a measure pending in the United States House of Representatives that Hollingsworth supports, would enable hemp-derived CBD to be lawfully sold as a dietary supplement, may be exactly what the Hemprise team is looking for.
Hemprise is nearing the end of phase I of its construction, which includes a 10,000-square-foot workshop on approximately half of its 25-acre site in Jeffersonville, Indiana.
Hemprise intends to start a trial run of operations next year, when it will start procuring hemp from local farmers and manufacturing CBD, which it will sell wholesale to manufacturers.
Hemprise is presently attempting to create contracts with hemp growers, but Yang said that dealing with many of Indiana’s small farmers on an individual basis has been difficult.
“A lot of small farmers are operating on their own,” he added. “There are no co-op groups that bring together all the farmers. We’re in a position where we’re trying to work with a local farmer to see if there’s any way we can work together since we’re so big.”
When fully operational, Yang estimates that Hemprise will be able to process around 10 metric tons of biomass per day, or about 8 million pounds of biomass per year.
The business now employs 15 people and intends to recruit up to 50 more when commercial manufacturing begins next year. Yang said Hemprise will be fully operational once CBD is a federally approved food, beverage, and dietary supplement component, with plans to recruit an additional 150-200 people for the production facility.
Hemprise will recruit locally, with an emphasis on diversity, according to Yang.
“Once individuals are in our facility, we concentrate on equality and inclusion to ensure that every person has an equal chance to be taught, acquire a new skill, and develop with the company,” he said.
Hemprise selected Indiana because of its reputation as a strong agricultural state, as well as its closeness to Kentucky, which he calls the “capital of hemp,” according to Yang.
“We have far better access to a trained workforce in Ohio, Indiana, and Kentucky since they are all historically manufacturing states,” Yang added.
Hemprise will have an R&D facility to develop prototypes of goods to demonstrate its CBD compositions to prospective customers, even though the business will not manufacture final products for consumers.
“We are certain that CBD and other naturally occurring cannabinoids have enormous promise in improving human and animal health and wellness,” Yang added. “We are waiting for the federal government to enact legislation that would make CBD lawful across the United States.”
Meanwhile, Hemprise is focused on finishing the building of its CBD processing facility.
“Because it’s such a large plant, our short-term objective is to get it operational so we can create high-quality, consistent product,” Yang said.
In the long run, the Hemprise team is still waiting for government clarification on the legality of CBD as a consumer product component, a move Yang believes would jumpstart the company in the United States and overseas.
He said, “We’re waiting for the right time.” “In the United States, we’re waiting for the federal government to license CBD consumer goods. From there, we’ll be able to start operating and producing significant amounts of CBD for our clients and consumers. We’ll be ready not just for the United States, but also for the South American market, particularly Brazil and Argentina. We’re also looking at possibilities inside the European Union. … We’re going to establish our core around Jeffersonville, Indiana, and then we’ll go after the worldwide market.”
Yang is optimistic that the federal government will regulate CBD within the next six months. Hemprise is eyeing potential collaborations with large-scale beverage firms like Coca-Cola and Pepsi once it can be utilized as a food and beverage component, he added.
“Because we are patient, we have been constructing the facility for almost two years,” Yang said. “We’re continuing to invest in the manufacturing facilities, in working with the farmers, and in engaging with the local community, local government, and legislators to promote the whole industry,” he says. But, once again, we must be patient. We’re waiting for the right opportunity.”
Hemprise Bets on Federal Regulation of CBD with Construction of 100,000-Square-Foot Hemp Processing Facility Reference: small scale hemp processing.
- how much does it cost to build a hemp processing plant
- hemp processing near me
- paragon processing
- hemp processor license
- hemp processing companies in the united states