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U.S. state of Kentucky sees number of hemp licenses dip slightly

The number of hemp licenses granted in the U.S. state of Kentucky has dropped to 960 going into this year’s planting season, down from 978 last year, state agriculture officials announced.

And while the state said those licenses could translate to 32,000 acres under hemp in 2020, according to the Kentucky Department of Agriculture (KDA), 157 stakeholders applied for licenses only to store hemp left over from last year’s harvest, as the current oversupply of biomass destined for CBD production – in the USA and worldwide – takes its toll on Kentucky stakeholders. More than 90% of Kentucky hemp farmers grew for CBD in 2019.

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