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A Southern California marijuana organization is teaming with a rural water projects developer to get started increasing hemp in the Mojave Desert.

Glass Property Farms of Carpinteria, California, stated it designed a joint venture with water developer Cadiz Inc. to develop 60 acres of hemp beginning subsequent month in the town of Cadiz in rural San Bernardino County.

The joint venture will be known as SoCal Hemp Co.

Cadiz and Glass Property Farms stated the venture will be a 50-50 split but supplied no other monetary specifics.

The corporations stated the Cadiz hemp farm could expand to 9,600 acres.

California’s hemp market has struggled to take off amid production bans and an ongoing state ban on promoting hemp-derived CBD foods and dietary supplements.

A bill to authorize California CBD sales beyond marijuana dispensaries is pending in the state Legislature.

Glass Property Farms at present grows marijuana in Santa Barbara County, exactly where it is also preparing an extraction lab and retail shop.

Cadiz Inc., which owns 70 square miles of land, performs with public water agencies.

The organization trades on the Nasdaq as CDZI.

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Categories: Briefs, California Hemp Company & Legal News, Hemp Cultivation, Processing & Extraction News

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