Large Scale Hemp Farming - Land Entitlement
So, I've been approached through a friend for an investment in a large scale hemp farm (couple of hundred acres). First of all, it is Hemp, (not Cannabis), Hemp does not have the psycho-active ingredients that get you 'high'. In case you're interested in learning about the differences you can click on this Quora article. The ultimate goal of this farm will be to sell the hemp, mainly for CBD oil.
The investment plan calls out for land entitlement, whereby the investor doesn't actually own a couple of acres of the land but is entitled to the proceeds from harvesting what is on his entitled area of the land. Does anyone have any experience in investing in something like this? Any insight would be greatly appreciated.
Thanks!!