A California company has announced it will break ground next week on a planned $30 million hemp processing plant in Carlisle County, potentially creating 100 jobs.
Keith Taylor, chief operating officer for Kings Royal Biotech, of Capistrano Beach, reported the groundbreaking will be March 15. The event was scheduled after the Kentucky Department of Agriculture approved permits for growing and processing hemp into the pharmaceutical grade CBD isolate.
Carlisle County Judge-Executive Greg Terry said the groundbreaking is tentatively set for 2 p.m. The plant will be located in Bardwell, and Kings Royal has contracted with farmers in Carlisle and Hickman counties to grow 2,300 acres of hemp.
Planting will begin in April and the hemp will be harvested this fall, Terry said.
"This is one of the biggest announcements we've ever made," Terry said. "We don't have any industry so this is going to have a huge impact."
Kings Royal partnered with a Chinese corporation that specializes in hemp processing technology. It obtained certified hemp seeds through Schiavi Seeds, whose CEO and founder, Andrea Schiavi, lives in Lexington.
The project will make Kentucky home of the only pharmaceutical grade CBD isolate in the U.S., according to Kings Royal. The company has purchased nearly nine acres in Bardwell for the factory. Kings Royal will be producing the CBD isolate and full spectrum oil in commercial quantities to sell all over the world.
CBD (Cannibidiol) is processed from the flower of the hemp plant into an isolate, which has a number of medicinal qualities, including aiding users to break addiction to opiates, and relief of a number of ailments, according to a Kings Royal news release.
In addition, industrial hemp can be made into thousands of products.
The 100 jobs at the plant will be in processing and storage, Kings Royal officials said, not including workers required to plant, till and harvest the product, and market its distribution.
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