As the industrial hemp industry grows closer to full legalization at the federal level, many people are looking for early adaptors to invest in. Because it is a new industry there are of course a few challenges. The ironic thing about this industry is that it was once flourishing. Many farmers were paid to grow hemp so important products needed in every day life could be made. There were far less resources hundreds of years ago.
Then as the petroleum industry came into power, and synthetic materials appeared, hemp posed a threat to those growing industries. Now, in less than 100 years, our planet is environmentally challenged by those very industries that help to put hemp into prohibition.
In the name of capitalism, corporations have become giants by putting everything aside (i.e. morals, environmental and health impacts, pollution and waste) in pursuit of profits and making millionaires out of their owners and shareholders.
According to the Congressional Research Report “Hemp as an Agricultural Commodity”, the U.S. market for hemp-based products has a highly dedicated and growing demand base, as indicated by recent U.S. market and import data for hemp products and ingredients, as well as market trends for some natural foods and body care products. Given the existence of these small-scale, but profitable, niche markets for a wide array of industrial and consumer products, commercial hemp industry in the United States could provide opportunities as an economically viable alternative crop for U.S. growers.
In 2015, the U.S. hemp market was estimated over $500 million — and by 2020 U.S. hemp industry is projected to grow to an estimated $1.5 billion market. (source: HempBizJournal.com.)
At the rapid rate that states are coming on board to legalize industrial hemp, it’s just a matter of time before the federal issues is resolved. Meaning that soon we could see the legalization of industrial hemp from the federal level for all 50 states. This would be a huge boost to our economy with the many jobs it will create, from farming to manufacturing of finished products.
Early adapters in the industrial hemp industry will be the pioneers of the new economic boost for America. Hemp, Inc. is a leader in industrial hemp fiber processing. We own the largest decortication plant in N. America. Our goal is to create jobs, Made in America products and help the environment… all with the help of industrial hemp. Learn more here.
Let’s bring back “Made in America” to products to our country.