As the cannabis industry continues to grow, Mississippi farmers are beginning to pivot from hemp to pot. This shift has been driven by the increasing demand for cannabis products, as well as the potential for higher profits from growing marijuana.
The Mississippi Department of Agriculture and Commerce recently announced that it was accepting applications for marijuana cultivation licenses. This announcement has been met with enthusiasm from farmers in the state, who see it as an opportunity to make more money and diversify their crop choices.
The move to pot has been a long time coming for many Mississippi farmers. Hemp has been legal in the state since 2014, but it has not been as profitable as marijuana. Hemp is used primarily for industrial purposes, while marijuana is used for both medical and recreational purposes. This means that marijuana can fetch much higher prices than hemp, making it a more attractive option for farmers.
In addition to the potential for higher profits, the move to pot also provides Mississippi farmers with an opportunity to diversify their crop choices. Growing marijuana allows them to take advantage of the rapidly growing cannabis industry, which is projected to reach $73.6 billion by 2027. This could provide a much-needed boost to the state’s economy.
The move to pot is also being driven by consumer demand. In recent years, there has been a surge in demand for cannabis products, which has led to an increase in prices. This has made it more profitable for farmers to grow marijuana than hemp.
For Mississippi farmers, the move to pot is a win-win. They can take advantage of the growing demand for cannabis products, while also diversifying their crop choices and potentially increasing their profits. It remains to be seen how successful this shift will be, but it is certainly a promising opportunity for Mississippi farmers.