FCI Safford, when Donald Trump signed the now historic $867 billion dollar farm bill in December 2018, it removed industrial hemp form the list of federally controlled substances, this set into motion one of the greatest comebacks of all time.
Industrial hemp is a hardy, fast growing, multi use plant with no psychoactive ingredients, which was formerly grown all over America, for more than a century. The plant has strong fibers, which make it useful for rope and textiles. The plant was banned as a result of misguided government policy in the 1937 Marijuana Control Act and then finally in the draconian Controlled Substance Act of 1970.
Today overwhelming support by the people and their desire for the well known healing effects of cannabidiol and other many benefits of the plant, now including uses in textiles, plastics, insulation, construction materials, food and ethanol. Finally the federal government has had to capitulate in the decriminalization of this wonder plant. Farmers are now able to cash in grow the plant and profit handsomely from this demand.
One of the biggest drivers of hemp demand is in cannabidiol sales. cannabidiol is a derivative of hemp and a popular additive to drinks, foods and supplements. Experts say it has healing properties that relieve symptoms of anxiety, inflammation and ah host of other maladies with harmful side effects. Sales of cannabidiol and other types of hemp will rise nearly 10 fold to more than $2.6 billion by 2022, according to Frontier Research, a cannabis research firm.
U.S. Farmers have been very interested in winning back market share, lost to the more forward thinking Canadians, who have lead the field, where hemp has been decriminalized for more than 20 years. U.S. imports have risen more than 10 fold from 2007 to 2017 to $67 million.
By growing hemp a farmer can make $200 - $400 per acre, compared to making $10 per acre growing soybeans or losing $62 per acre growing corn.
Hemp flourishes in rock soil inhospitable to other crops and it presents new opportunities for farmers abandoning tobacco and other farmers whose lives have been adversely effected by recent trade wars.
This major comeback is also finding more jobs from hemp processors who are also expanding. Foluim Biosciences is building a 160,000 sq. ft. facility at a cost of $30 million that will extract hemp in Colorado, said Kashif Sahn as concentrated hemp sells for $165 per oz.
Many companies like Hemp, Tilray, Canopy Growth, Chronos, Aurura, Aphria and others are poised to take advantage of this huge growth potential because of this policy reversal. Check them out yourself, Investing in these companies is a great way to send a message to the government that you approve of this change, to continue to further completely decriminalize all Cannabis products and make money at the same time.
I suggest you send this out to everyone you know! Now get out there and Rock and Roll the Bones