Hemp News in New Mexico: Hemp Brings New Business Opportunities to State

Until recently many parts of New Mexico, in the South especially, were full of empty or abandoned areas ripe for industry. Enter hemp. Now, in places that used to be nothing but tumbleweeds spout hemp industry additions like 1 million-square-foot facility in the case of Rich Global Hemp in Las Cruces. It is one of the largest industrial hemp growers in the state of New Mexico and employs hundreds of workers.

How Hemp Has Changed New Mexico

The change in New Mexico came, like for many states, in 2019. This was the first year that hemp was legal in New Mexico both on a state and federal level. This led to companies like Rich Global Hemp selling millions of dollars of hemp-related plants, seeds, land, and equipment. This has changed the landscape of New Mexico both physically and economically. Furthermore, even with challenges, New Mexico’s hemp industry has some advantages over other states and amazing potential for growth. In large part due to cheap land.

Why This Is Just The Beginning for New Mexico

With success in all things hemp-related happening in New Mexico–new things are certainly on the horizon. Especially since it is backed by state and city incentives. As it were, Rich Global Hemp’s success was only the beginning of hemp investment in New Mexico. In fact, The New Mexico Department of Agriculture issued more than 400 hemp cultivation licenses in 2019 even more in 2020. And while 2019 was a trial and error type year, 2020 is poised to be the state’s biggest ever. At the end of the day, hemp is truly changing this state and many others as it brings in money, jobs, and possibilities in New Mexico–a state that, has a lot of land but fewer business prospects.

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