- Able to sign up enough farms for 100,000 acres minimum for seed and fiber processing before launching
- A minimum of $50 million up to $750 million per project, amount decided by a team just for this purpose, up to and including 100%
- For production of primary materials and/or branded CPGs
- It must be able to produce and process both the stalk and seed, processing all of both except for normal losses, not cannabinoids
- Should be used as a food security project, and as a model to duplicate elsewhere
- USDA shouldn’t limit it by state but entities can, to create a state-branded line
- Foreign ownership limited to 5% maximum
- Any type of entity legal structure
- Project must last 15 years minimum
- Farmers must not be in an asynchronous position to the entity, best if farmer-owned
- All pricing forecasts must be fair to the farmer and account for transport costs
- Mandating certified varieties only discourages innovation
- Genetic and ownership transparency
- Genetic engineering such as CRISPR allowed, but not fermentation; must be phyto Cannabis, any subspecies
- Entities must have track record for farming or processing, but not marijuana
- Goal should be 500,000 acres, then 10 million acres, then 100 million (equaling current corn and soy production)
- Make it easy to apply, with few hurdles
Frame it as a “Marshall Plan for Hemp.” It’s fitting as it heals generations of “regulatory bombing” of the hemp community by the federal government: