Grow hemp, make money, save on taxes

Staff report
Posted 5/10/19

The hemp talk on May 16 will cover "what to know before you grow," including how to get seeds, how to plant and the rules and regulations currently in place in the state.

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Grow hemp, make money, save on taxes

Posted

Join experienced hemp growers and local property tax experts next Thursday (May 16) for a discussion about "Hemp farming for CBD in New Mexico: planning and planting."

Hemp has been gaining ground for several years as some states have approved research and growing of the crop. Then, in 2018, the federal government de-scheduled hemp as a controlled substance, opening the gates to widespread cultivation and market development.

Hemp is a cousin of marijuana, but CBD -- its most sought-after compound, used in everything from healing salves to luxury coffee -- does not get someone high.

The hemp talk on May 16 will cover "what to know before you grow," including how to get seeds, how to plant and the rules and regulations currently in place in the state.

The current and former county assessors will be on hand to share information about the Agricultural Land Tax Valuation (commonly called the Agricultural Exemption) and "how to maintain or receive the valuation for your working agricultural lands, and … how to submit a protest if you've received a notice stating you've lost your Agricultural Land Tax Valuation but are in fact farming or ranching your land," according to an email from the organizer.

The talk is hosted by Alianza Agri-Cultura de Taos, featuring Salida Hemp Co. and Beyond Organica. It will take place at the Juan I. Gonzales Agricultural Center at 202 Chamisa Road in Taos, from 1 to 5 p.m.

The cost is $10.

Speakers include Sam DesGeorges, formerly of the Bureau of Land Management Taos Field office and Taos Valley Acequia Association; Brad Lewis, of the New Mexico Department of Agriculture; and Jae Sanders, of Beyond Organica, as well as others.

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