Colorado City, a town of fewer than 2,500 in southern Colorado, will soon be home to up to 50 million pounds of hemp, now that a massive hemp-processing facility is open for business.
Paragon Processing opened a 250,000-square-foot hemp-processing facility on Wednesday, August 29. Not only does the company say that the new facility is the largest of its kind in the country, but it could help bring 250 new jobs to Colorado before the end of the year, with a number of them located in Colorado City.
According to Paragon co-president Matt Evans, the facility will produce a variety of hemp extractions through isolation and distillation techniques, and soon will be processing around one million pounds of the plant each month. By the end of the 2019 harvest season, he wants to see that total hit two million pounds.
“With the legalization of the 2018 Farm Bill, the production and interstate transfer of hemp has increased the demand for both hemp and cannabidiol (CBD) products, and we aim to propel the industrial hemp manufacturing efforts in order to confidently answer this call,” Evans says in a statement announcing the new facility.