As First Crop launches its third year of business, the future looks brighter than ever. After already raising more than $4 million, First Crop is seeking to raise another $1 million to expand its sales, marketing, and operations to meet the ever-growing demand for CBD products.

First Crop CEO Dave Weir is bullish on the prospects for both funding and business expansion. Even in the pandemic 2020 year, online sales increased month over month by an average 63%, the company launched 31 products, and First Crop was able to grow brick-and-mortar sales as well. But the company isn’t solely focused on capitalism; it’s focused on regenerative capitalism.

“We think differently about the world and our place in it. We realize that we live on a planet with finite resources and that traditional approaches to business no longer serve the vast majority of the world’s people nor the planet and are unsustainable,” Weir explained.

“We believe in a more just form of capitalism and that the pursuit of social impact and creating shareholder value are not only not mutually exclusive but, if done right, can be mutually reinforcing.”

Weir has built First Crop following the regenerative principles developed by the Capital Institute. “In short, we seek to provide our investors with an attractive return, catalyze a movement to give back in the business community and to revitalize communities in need,” he added.

The case for hemp expands beyond the benefits of CBD products. First Crop is focusing on positively impacting rural America. The recent passage of the 2018 Farm Bill legalized the growing, harvesting and commercialization of industrial hemp for the first time in 50 years, which has provided a rare opportunity to help small farmers and simultaneously heal our farming communities.

Hemp, the cousin of cannabis but without the THC, produces an oil extract called cannabidiol or CBD. CBD has been praised for its health and wellness benefits and is popping up in a wide variety of foods, beverages, and supplements. Hemp also is used to make clothing, building materials, biofuels, and animal feed. The market for CBD products alone in 2020 is estimated to have exceeded $2 billion and is projected to be as high as $17 billion by 2025.

“By doing business in ways that yield not just financial profit, but also healing benefits to people, communities, and the environment, First Crop is fulfilling its mission that business can be a force for good,” Weir added.

People can participate in the next round of funding on First Crop’s crowdsourcing page at: First Crop

About First Crop

First Crop is a CBD health and wellness company based in Santa Fe, New Mexico. First Crop was founded as a public benefit corporation by an experienced team of entrepreneurs with a vision to strengthen local communities and improve the health of the planet for future generations by harnessing the regenerative power of the hemp plant. For more information, go to FirstCrop.com

Click to search the Beat Click to search the Beat

Get Updates Three Times a Week

Welcome to the Update! You will receive emails 3 times a week with links to recently posted articles.

captcha 

You can unsubscribe anytime. We never share or rent your email to anyone.

Submitting to the Beat

Those new to providing news releases to the Beat are asked to please check out submission guidelines at https://www.grantcountybeat.com/about/submissions. They are for your information to make life easier on the readers, as well as for the editor.

Advertising: Don't forget to tell advertisers that you saw their ads on the Beat.

Classifieds: We have changed Classifieds to a cheaper and shorter option. Check periodically to see if any new ones have popped up. The former software failed us, so it's just a category now, with prices posted. Send your information to editor@grantcountybeat.com and we will post it as soon as we can. Instructions and prices are on the page.

Editor's Notes

Here for YOU: Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News. Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com

Feel free to notify editor@grantcountybeat.com if you notice any technical problems on the site. Your convenience is my desire for the Beat.  The Beat totally appreciates its readers and subscribers!  

Compliance: Because you are an esteemed member of The Grant County Beat readership, be assured that we at the Beat continue to do everything we can to be in full compliance with GDPR and pertinent US law, so that the information you have chosen to give to us cannot be compromised. 

Content on the Beat

WARNING: All articles and photos with a byline or photo credit are copyrighted to the author or photographer. You may not use any information found within the articles without asking permission AND giving attribution to the source. Photos can be requested and may incur a nominal fee for use personally or commercially.

Disclaimer: If you find errors in articles not written by the Beat team but sent to us from other content providers, please contact the writer, not the Beat. For example, obituaries are always provided by the funeral home or a family member. We can fix errors, but please give details on where the error is so we can find it. News releases from government and non-profit entities are posted generally without change, except for legal notices, which incur a small charge.

NOTE: If an article does not have a byline, it was written by someone not affiliated with the Beat and then sent to the Beat for posting.

Images: We have received complaints about large images blocking parts of other articles. If you encounter this problem, click on the title of the article you want to read and it will take you to that article's page, which shows only that article without any intruders. 

New Columnists: The Beat continues to bring you new columnists. And check out the old faithfuls who continue to provide content.

  • The Beat has a column for you gardeners out there. The Grant County Extension Service will bring you monthly columns on gardening issues.

Newsletter: If you opt in to the Join GCB Three Times Weekly Updates option at the top of this page, you will be subscribed to email notifications with links to recently posted articles.

Go to Top