L.A. firm aims to boost Colorado hemp farm by 900 acres

A Los Angeles-based real estate company is seeking to expand an 80-acre hemp research site in Pueblo, Colorado, 12-fold, which would make it one of the largest hemp operations in the state.

Agritek Holdings – which has water and mineral rights on the 80-acre site it already owns in Pueblo – has been given first rights to the 900-acre site that surrounds it and is in negotiations to buy the site, according to a news release.

The company will focus on creating and patenting genetic strains of zero-THC medical hemp and creating CBD-infused products such as tinctures, sublingual strips, creams, gelcaps and beverages.

Once operational, the 980-acre site will be able to harvest 350,000 pounds of dry flower per year that can be used for extraction into oils with CBD and other non-intoxicating cannabinoids, Agritek said.

Besides Colorado, Agritek has operations in Washington state, Puerto Rico and Canada and owns permitted facilities in California.