Hemp is the opportunity of a lifetime. Of a Generation. Of an era. We recognized this over 15 years ago, and have been dedicated to manifesting and actualizing the amazing opportunities that hemp brings. Now that hemp is legal on the Federal level, we have overcome the largest barrier to hemp production. We are in at the ground floor. We brought hemp to the Capitol. Now we need to bring Capital to Hemp.
The Federal Opportunity Zone Program was signed into law as part of the "Tax Cuts and Jobs Act of 2017". Governors around the country identified and created over 8,000 Opportunity Zones. This program created lucrative tax incentives for investments within these geographic census tracts that have been identified as low income and ripe for investment. To learn more about the Opportunity Zone (OZ) Program, please visit our "Background". Most OZ investments are focused solely on the 'Real Estate Play', ie multi-family construction. But not very many investors realize that any business located in an OZ qualifies for the tax incentives. These "Qualified Opportunity Zone Businesses" (QOZB) do not need to be focused on real estate. They can be any type of business at all.
The hemp industry is ripe for investment, but it is not a 'get rich quick' scheme. The hemp industry is brand new, and will take years to mature. With so much uphill, investors may want to see added incentives for hemp.
By utilizing the Opportunity Zone program, hemp investors have an amazing hedge. The 10 year term of the OZ investment fits perfectly into the long term growth strategy. Investments in processing facilities, research and development, production, and real estate, all qualify for OZ tax benefits. It's a match made in heaven.