|RICHMOND—Governor Ralph Northam today announced that Shenandoah Valley Hemp, LLC dba Pure Shenandoah will invest nearly $3.3 million to establish an industrial hemp fiber processing and cannabidiol (CBD) oil extraction facility in the historic Casey Jones building in the Town of Elkton. The company will create 24 new jobs and has committed to purchasing 100 percent of its industrial hemp from Virginia growers, resulting in nearly $5 million in payments to Virginia farmers over the next three years. Pure Shenandoah will become the first participant in the Virginia’s Finest trademark program to source the hemp used in its products exclusively from the Commonwealth.
“Virginia’s industrial hemp industry continues to experience tremendous growth, creating a wealth of opportunity across our Commonwealth,” said Governor Northam. “Projects like this one are an important part of diversifying our economy and developing new markets for industrial hemp. Our administration remains committed to supporting growers and processors as we work to ensure this crop has a sustainable future in Virginia.”
Pure Shenandoah operates as a vertically integrated “seed to sale” company providing customers with safe and consistent hemp products of the highest quality. This includes strict regulatory control of crops, the application of certified good manufacturing practices, and complete traceability of each product back to the seed and farm from which it came.
“Pure Shenandoah is a great example of the many ways we are able to help innovative, agriculture-based companies grow and thrive in the Commonwealth,” said Secretary of Agriculture and Forestry Bettina Ring. “I am pleased to see continued job creation and investment in Virginia’s industrial hemp industry and excited for the new market opportunities the industry is creating for our farmers.”
“Industrial hemp is gaining momentum across the country, and we are excited for Virginia to be a player in this up-and-coming industry,” said Secretary of Commerce and Trade Brian Ball. “Pure Shenandoah will provide quality jobs and enable the Commonwealth’s hemp growers to source extraction and processing within Virginia, further benefiting our economy and agricultural ecosystem.”
As part of its strategic marketing efforts, Pure Shenandoah is a participating member of the Virginia’s Finest® program. Created more than 30 years ago with more than 500 participating companies, this program helps consumers know they are purchasing top-quality Virginia-produced specialty food products whenever they see the classic blue and red VA check mark logo.
“We are honored to receive these funds and to work with such influential state programs that are helping push the industrial hemp industry forward in the Commonwealth,” said Pure Shenandoah CEO Tanner Johnson. “With this support, we will continue to educate and provide safe and effective products to consumers. We are excited to do our part and help expand the future of industrial hemp and all of its potential.”
The Virginia Department of Agriculture and Consumer Services (VDACS) and Virginia Economic Development Partnership (VEDP) worked with Rockingham County and the Rockingham County Economic Development Authority to secure this project for the Commonwealth. Governor Northam approved a $50,000 grant from the Governor’s Agriculture and Forestry Industries Development (AFID) Fund for the project, which Rockingham County will match with local funds. Funding and services to support the company’s job creation will be provided through VEDP’s Virginia Jobs Investment Program.
“Rockingham County is pleased with the announcement of 24 new jobs and the investment of $3.3 million in eastern Rockingham County,” said Chairman of the Rockingham County Board of Supervisors Bill Kyger. “This is a new and exciting industry that offers a great opportunity to diversify the agriculture base of the county for the future.”
“We should never forget or take for granted Virginia’s tremendous agricultural heritage and its economic viability that continues to push Virginia forward,” said Senator Emmett Hanger. “I am pleased the AFID funds will further promote industrial hemp and that Pure Shenandoah is committed to exclusively sourcing Virginia agriculture products for this project. Of course, there is no better county to partner with on this funding than the number one agricultural county in the Commonwealth, Rockingham County. We are proud of our deep agricultural roots here in Virginia and this economic announcement adds yet another facet to our diverse agriculture operations.”