Legal Hemp Farming Estimated Net Profit

It seems like it can be very lucrative, however it seems what little data there is is based off of decades old information.

Researchers found that farmers in the state of Kentucky alone could see between $220 to $605 in net profits per acre of hemp. Adjusted for inflation using the consumer price index, those 1998 dollars would actually be worth $310 and $854 today, although the study’s authors note that variables in supply and demand for hemp could change that valuation.

Click to expand...

95 acres X $310 = $29,450
95 acres X $854 = $81,130

Apparently the average is 3 harvests in a year. Resulting in $88,350 (@ $310/acre) to $243,390 (@ $854/acre) net profit annually.

Anyone have any other good sources?

There is already at least one guy doing it in Colorado.