More Farmers Seeing Business Success After Hemp Legalization
By 2025, it's estimated that the global industrial hemp market will reach $10 billion or more.
There are thousands of uses for this variety of cannabis; industrial hemp is currently being used for medicines, textiles, construction material, animal feed and animal bedding, topical creams, rope, and much more. And one thing that's been contributing greatly to the growing success for hemp has been the rise in demand for cbd products, as there are many hemp-derived cbd products that you can now find today on the market.
In Pennsylvania, where hemp has recently been legalized, there are many farmers who are seeing a boom in business and happy now that the tide has turned. One farmer from the region, Shawn House, says that he is happy now to know where the product is coming from and that it's being grown locally rather than being imported from somewhere else.
Researchers at various educational facilities in the state of Pennsylvania have also recently started to grow their own hemp so that they can investigate the multiple benefits that it could potentially provide. As one researcher has admitted, Mr. Graybill from Penn State Southeast Agricultural Research and Extension Center, there could be many uses for hemp that are yet to be discovered and they say that the market is wide open for that opportunity to investigate new potential uses.
Hemp businesses are growing rapidly elsewhere in the U.S. and worldwide. Last year in the U.S., hemp sales were reportedly $820 million. Despite moves from officials in recent years to try and endorse hemp legalization in various states though, the federal government still views the plant as a “dangerous drug” and various individuals admit to having tremendous difficulty while trying to navigate the hemp market as a result of that confusion between state and federal rules on the matter. Also, just because someone might be interested in exercising their freedom to grow this plant, doesn't mean that their local government will authorize them the freedom to do so--no one is guaranteed a permit.
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Sweet!....:)...
I know the state I live in (Michigan) lawmakers want to introduce a bill to allow farmers to start growing hemp; as they (lawmakers) see such a revenue coming in from it.
Right now hemp is only legal (and allowed) at a facility at Mich. State U for research in their lab.
Hey buddy! Sorry I've been MIA and haven't swung by your awesome blog in a while. Ya know that old story about how your best friend got a girlfriend and you no longer see him any more as he just spends all his time with her.....well, that's me in regards to my best friend steemit these days! lol
I found an awesome girlfriend who wants to travel the world with me from here in Kiev Ukraine. Life is good. Now I'm going to try to bring some more balance into my life, which means hopefully I'll be able to check out your blog more often.
So good to know the info you post. I had no idea the rate things are spreading in the USA in regards to the marajuana industry. Seems like before we know it the entire country will be legally growing weed, for all different kinds of uses.
It's an overdue Travel Pro - Doitvoluntarily Check In! Wishing you the very best.
From Ukraine! -Dan
you're in Ukraine now? right on! safe travels buddy! where to next?
Yes, I'm in Ukraine! Very nice country. Not really sure where I'm heading next at this moment. May just hang here for the next couple months and wait for steemfest in neighboring Poland. May go to Istanbul Turkey, maybe Greece, I may just dip out to Bali, but I'll keep you posted. You going to steemfest by the way?
I'd love to go to any one of those places 😄 happy to hear you're doing so well!
Planting hemp is a good bussiness nice post informative keep up the good work
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Most of illegal hemp profits actually goes as protection money. Maybe soon hemp will be acceptable for the Feds too and get legalized in all states. In my country Cannabis is highly tabooed and the stigma for it never ceases.
#Lawful systems are much better than legal-systems.
I am a consumer of hemp products myself. I use hemp lotion a lot it’s great stuff.
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