In 2017, Montana had 14 hemp producers with a combined 425 acres. According to Hemp Industry Daily’s 2019 Cultivation Snapshot, Montana licensed more than 40,000 acres and 250 growers in 2019 comparing to 22,000 acres and 56 growers in 2018.

In 2020, Montana growers planted hemp on about 11,000 acres and in 104,000 square feet (2.4 acres) of greenhouse space, according to the Montana Department of Agriculture.

In 2020, there were over 15 processing facilities in the state, equipped to process CBD oil.

In March 2020, the U.S. Department of Agriculture (USDA) approved Montana’s plan which Montana Department of Agriculture (MDA) submitted in January. Montana’s USDA approved Hemp Plan will be implemented beginning November 1, 2020.

In 2021 and 2022, 7,900 and 3,500 acres were planted in Montana according to the National Hemp Report, of which 630 acres (3,200 acres in 2021) were dedicated to growing fiber with an average yield of 3,860 pounds per acre (960 pounds per acre in 2021).

Montana Hemp Industry Infographics

'70% ready to go' business plan templates

Our hemp/CBD financial models and business plan templates will help you estimate how much it costs to start and operate your own hemp/CBD business, to build all revenue and cost line-items monthly over a flexible seven year period, and then summarize the monthly results into quarters and years for an easy view into the various time periods. We also offer investor pitch deck templates.

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Montana Cannabis Market