Hemp = Opportunity
December 18th, 2018

Cannabis Sativa.  Yep.  Same plant that produces marijuana which is pretty much all that people are hearing about these days.  But, all hemp is not equal and therein lies what might be some very interesting opportunities for new businesses.  There are different strains of Cannabis Sativa.  One has a high concentration of THC – the psychoactive component that gives marijuana its kick.  Industrial hemp has a far lower concentration of THC, and has wide variety of uses.

Hemp is probably one of the earliest plants to be cultivated.  Evidence of its cultivation has been found on an island off Japan dating to approximately 8000 BC.  There are many more advantages to industrial hemp than can be listed here, but here are just a few.  One acre of hemp will produce as much fiber as two to three acres of cotton, is stronger and softer than cotton and will not mildew.  On an annual basis one acre of hemp will produce as much paper as two to four acres of trees.  Most types of paper products can be produced from hemp, and while hemp is generally ready for harvesting in about 120 days, trees take a little longer to harvest.  And one more, hemp can be used to create environmentally-friendly substitutes for plastic-based products.

So for someone looking for a new business opportunity industrial hemp might be worth a look.  If you look at everything that industrial hemp can be used for now, with all of today’s new technologies and manufacturing processes, the opportunity is out there.  But one of the absolutely biggest factors that will affect the future of industrial hemp is its inclusion in the new Farm Bill about to be signed into law which makes it legal to grow hemp, which makes it eligible for crop insurance.  That is more than huge.

So if a woman in Brooklyn can make lamps out of mushrooms, what could you do with hemp?

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