A Boston-based firm is set to become the first industrial hemp processor in the state of South Carolina.
Tucker Naturals has reportedly reached a deal to acquire land at the Godley Morris Commerce Center in Lake City, S.C. On this site, the company will construct and operate the first industrial hemp processing and extraction facility in the Palmetto State.
According to sources familiar with the firm’s impending announcement, its new facility will “support South Carolina farmers participating in the state’s industrial hemp pilot research initiative.”
Specifically, it will assist farmers with “consulting services … as well as processing, extraction, manufacturing and other go-to-market aspects of the initiative.”
The firm will partner with a pair of companies – Massachusetts-based ProVerde Laboratories and Lake City-based Caropar Investments. ProVerde will build a testing facility in the commerce center to help farmers ensure their hemp meets state and federal guidelines for potency.
South Carolina’s fledgling hemp program has received an overwhelming response from farmers, however it remains limited in scope (unnecessarily so, in our estimation).
As a result of legislation (H. 3559) overwhelmingly approved by