Cannabis provider, Glass House Farms of Carpinteria and water developer, Cadiz join forces it what seems like an attempt to initiate hemp growing in the Mojave Desert reports Hemp Industry Daily.
The goal is to grow 60 acres of hemp commencing September 2019, which will be called SoCal Hemp Co. The parties involved will evenly split the sales revenue generated from this endeavor.
According to the Los Angeles Business Journal, SoCal Hemp Co will cultivate organic hemp on 9,600 acres belonging to Cadiz, ultimately garnering the attentions of both businesses and consumers.
Members from both companies have since expressed excitement in the partnership. The first comes from the CEO of Cadiz, Scott Slater, who shared that the coming together of both companies’ rests in shared interests and practices. In particular, Slater said:
“[Hemp cultivation] makes perfect business sense for us and our holistic land management plans given the well-documented low-water demand of the corp. We see tremendous revenue potential for hemp, given the exploding market demand and our competitive advantage of being in California.”
Then we have Glass House Farms’ President, Graham Farrar, who shared that “the sun-drenched, isolated natural environment at Cadiz Ranch is ideal for the commercial production of organically sun-grown hemp and natural hemp-derived products, including CBD, which are presently driving market growth.”