In 2018 the new Farm Bill changed the playing field for hemp cultivators. Hemp, the very close cousin to marijuana is now legal to grow in the U.S. This article will give you three reasons why you should start investing in hemp today.
- The CBD market has exploded.
In 2018 the CBD market grew over 57%. There are many natural and organic product manufacturers that are expanding their offerings to include CBD products. Over the next few years, there will be new hemp-derived CBD products flooding the market.
Cannabis and medical-only marijuana sales reached 10 billion in 2018, while CBD sales were reported to be over $200 million according to Marijuana Business Daily estimates.
There are several national retailers that have made the decision to enter the CBD market. When retailers like Walgreens, CVS, and GNC begin to stock their shelves with hemp-based products, the hemp market will be greatly impacted.
- It is Legal in the U.S.
The 2018 Farm Bill was signed into law, which legalized hemp at a federal level. This new bill allows states to programs for growing industrial hemp commercially. The law allows for transporting hemp across state lines, which expands export and sales options.
It has been legal to grow hemp since 1998, but producers were required to receive a special production permit from the Drug Enforcement Agency doe its close relationship to marijuana. The new law reduces the restraints of transportation on the plant and less risk for farmers and producers involved.
- Hemp Textiles on the Rise
Hemp is a multiple-use plant. It can be used in clothing, construction materials, paper, and many more products. In a Popular Mechanics article from 1938, there are claims of over 25,000 industrial uses for hemp.
The National Hemp Association reports that hemp is one of the strongest and longest plant fibers in the world. It is also resistant to rot and abrasion. Hemp also requires much less water and land to grow than other materials.
Investing in Hemp
As U.S. farmers begin to grow more hemp, there will be much room for investments in the hemp market. The hemp-based global hemp market is expected to jump to $10.6 billion by 2025. The time is now to start your investment into this rapidly growing market.
One very easy way to invest is by investing in the growers of hemp. Farmers say hemp cultivation is far more profitable than other plants in this new environment. A poor hemp harvest is more valuable than a healthy tobacco croup due to the high demand for CBD.
The hemp industry is growing! Don’t wait to get involved! Investing in this growing market today will result in tremendous returns on your investment.
For more information on how to get into the hemp market for as little as $300, please go to www.hemprealestate.org.
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