Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, Inc., announced today the harvest of the largest legal hemp crop in Vermont in over 60 years.
Harvesting efforts continued late into the night.
In
June 2014, Vermont signed into law a bill that legalizes the
cultivation of hemp, a relative of marijuana, for the first time since
1937. Proponents of the new law say hemp could be a lucrative
value-added crop for Vermont farmers.
American
Seed & Oil contracted two State licensed growers for the
development of its hemp production, with its first ever harvest just
completed. The Company plans to utilize the harvest to build a legal
seed depository and for the seeding of its own 2015 one-thousand acre
hemp crop goal.
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