Quality, integrity and value: these three words are used to explain the San Luis Valley’s new 1700-acre hemp farm and processing facility, Point3 Farma.
Located in Center, Point3 is a premier supplier of CBD (cannabidiol), CBG (cannabigerol) and other cannabinoid products. Point3 was founded in 2018 by investors, entrepreneurs and farmers who believe strongly in the health and medicinal benefits of hemp. Establishing themselves in the heart of the Valley, the farm grows cannabis with less than .3 percent THC (Tetrahydrocannabinol), hence the company’s name.
Point3 begins with planting a high-quality seed, then follows through with a quality harvest and processing; there is full traceability through each stage. Point3 develops and cultivates the seed, harvests the plant and dries in the field. They also store, extract and process all CBD products from the biomass on-site. Product quality is controlled through each step. Point3 focuses the majority of their efforts on growing hemp for the extraction of CBD isolate and distillate.
Point3 was very selective when choosing where to launch this operation. They had specific features in mind for the area they wanted: terroir, environmental conditions, a spacious area and more. The San Luis Valley fit the bill, and according to the Point3’s Facebook page, “the Valley has exceeded their expectations.”
Giving back
Point3 is committed to using Valley resources, in turn giving back to the local economy; the farm has used Valley electricians, engineers, contractors, hired employees and more.
Committing to an electric load of four one-megawatt transformers at the processing facility and 500 kilowatts of service near the LaGarita greenhouses, the San Luis Valley REC has benefited as well. With financial backing from Point3, the REC constructed transformers and rebuilt three miles of line to handle the company’s demand.
As the hemp industry continues to grow, Point3 plans to “be able to support the needs of the largest corporate buyers, while operating under the standard business practices expected of any other industry.” They will continue to make an impact, not only on those in the hemp market, but those in the Valley as well.