Hemp in, spinach out as investors throw money at newly legal CBD

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By Hema Parmar Bloomberg Craig Giammona Wed., April 17, 2019 When Patrick Horsman’s small private equity firm purchased 10,000 acres in Yuma County, Arizona, in 2016, organic spinach and lettuce were on the menu. Then the anti-cannabis tide in Washington, D.C. shifted, with the 2018 Farm Bill decriminalizing both hemp and its trendy ingredient known as CBD. Now, he’s growing hemp instead. Marijuana has already started to see an investment boom thanks to easing rules around the world.

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