LAKE CITY, S.C., Dec. 4, 2017 /PRNewswire/ — Boston-based Tucker Naturals, LLC. announced today that it has initiated a letter of intent to acquire land in the Godley Morris Commerce Center, Lake City, SC, according to its investment partner Caropar Investments. Tucker Naturals plans to build and manage an industrial hemp processing and extraction facility that will support South Carolina farmers participating in the state’s industrial hemp pilot research initiative.
Under SC House Bill 3559 which was signed into law by Governor Henry McMaster on May 23, 2017, it is now legal for industrial hemp to be grown for research purposes in South Carolina, in accordance with the 2014 Federal Farm Bill. The South Carolina Department of Agriculture (SCDA) is administering the application and permitting process. The legislation allows for up to 20 farmers to receive permits to grow industrial hemp. The farmers who receive permits will each be allowed to grow up to 20 acres of the crop.
After an overwhelming response by South Carolina farmers, the initial permit holders have been identified and are working with the SC Department of Agriculture