Steve’s Goods started growing hemp in 2020. Before that we purchased raw material directly from the extract labs to formulate our products. Back in 2018 we had to buy our hemp from the farm, and bring it to the extraction lab for processing. Now we grow our own hemp in Colorado to control our own products’ raw material. This allows us to have faster access to the hemp extracts we need to formulate the finished products you love….
This is a step in the right direction for our hemp wholesalers that are stuck being a CBD wholesaler. We can now make your hemp products faster, and more efficiently.
In 2021 we’re at it again to make sure we can keep having bulk raw material available for our wholesalers, and for our product formulations.
Hemp is high-yielding, fast-growing, sustainable, green, and multi-faceted, meaning there are a lot of buyers out there. Demand for hemp products is increasing and Steve’s Goods expects this to continue for some time. Demand for raw materials, however, has somewhat leveled-off, making many folks question whether it is worth it to grow, or whether the early days of planting hemp may have been the right time to enter the market.
Early in life (germination to infancy), hemp plants need more moisture and good soil to get growing. That is not to say hemp needs a climate with a ton of precipitation. Hemp can grow in areas with 20-30 annual inches of rain. Hemp does best in humid climates and mild average temperatures.
Depending on the genetics, the soil, the conditions, and other variables, as many as 20-40 hemp seeds can germinate inside of a 16 square foot area. Per acre, you can expect to be able to farm between 8000-12000 plants.
In our case, the answer took years, and not because we don’t know people… We do. It was mostly a bi-product of Steve being picky about the hemp OUR customers most need and demand. Our hemp is special, and that is because special things take time to perfect.
Absolutely. We do it. Minimal inputs, maximum yields. That’s always the plan until you have a hail storm take out a field, or an unexpected wind strip your late stage plants. Organic plants grow. Getting them out of the ground in time to make up for their less-robust characteristics is the challenge.
First-mover advantage has been spoken for. It’s getting competitive out there, and the main barrier to entry beyond market saturation is the still “up in the air” and “wait and see” attitude of the Federal government. We were there in the beginning, and we are grateful that is the case.