Farmers are finally given the freedom to grow hemp…
Farming is more than an occupation – it’s a way of life.
These people work hard to be their own boss. They help their communities while putting in an honest day’s work.
At the end of the day, a farmer kicks off their shoes, sits in their favorite chair, and thinks about all that they’ve accomplished.
They might not work in a flashy office building like Mark Zuckerberg and regularly meet with big-wig politicians.
They may not be a lawyer heading up a prosperous new cannabis company.
But make no mistake – farmers are every bit as much of an entrepreneur as those folks out there in Silicon Valley.
Entrepreneurship and Hemp Farming
Our founding fathers were hemp farmers, and now, current farmers can follow in that rich tradition.
And not a moment too soon.
North Carolina is by far the nation’s top tobacco producer, but farmers are looking for new ways to generate revenue with less people smoking cigarettes.
However, thanks to the normalization and profitability of cannabis, farmers in North Carolina already have a lot of the infrastructure in place to cash in on the cannabis boom.
And outside of North Carolina, you don’t have to look much further to see how fast the industry moves.
In 2018 in South Carolina, there were 20 legal hemp growers and 256 acres of hemp being grown in the state. This year, there are 113 growers and 3,300 total acres.
In Kentucky, another big tobacco state, there are 1,035 approved growers, and 6,700 acres of hemp were grown last year.
Certain parts of the hemp plant can be extracted to be turned into CBD oils, creams, and tinctures.
And recently, word’s gotten out about CBD’s amazing health benefits. That has led us to the year of CBD, with businesses from CVS to Rite Aid clamoring to get products on the shelves.
Experts are even predicting that CBD sales will jump to $22 billion by 2022 – that’s a 3,622% increase in three years!
But there’s also going to be a huge demand for industrial hemp products.
Even back in 2013, Mercedez-Benz was using industrial hemp for car interiors, including door panels and dashboards.
Now imagine American automakers being able to buy industrial hemp from American farmers.
It would be a thing of beauty.
All of the jobs created.
Small towns revitalized.
The possibilities are endless.
The same can be said for investors in the cannabis industry.
We are entering the perfect CBD “sweet spot” where investors could potentially see mind-blowing profits.
Investors who position themselves now could make an absolute killing.
Fact is, the CBD market is growing at warp speed.
And if you’ve been sitting on the sidelines, you need to act now.
P.S. Last week we posted exclusive content from the First Annual NICI Retreat to our Facebook page. If you missed out, don’t worry – just follow our page @nicinetwork and take a look at our posts.
8 responses to “How the Hemp Farming Boom Is Lining Everyone’s Pocket”
October 07 2019