Sunday, March 26, 2017
Although the benefits associated with hemp are endless, researchers have been unable to learn all the benefits associated with it. While significant progress has been made over the last few years, we still have a lot to learn.
This lack of knowledge is not the result of inadequate technology or resources. It is the result of inadequate government policy. Growing hemp has been illegal for almost a century which prevented researchers from being able to learn about the benefits associated with it.
The Next Trillion-Dollar Industry
In 1916 the chief scientists at the Department of Agriculture, created paper from the inner portion of the hemp stem. The paper was said to be better than paper made from pulp wood however, these findings were never confirmed due to the misconception that hemp could get you high.
Industrial hemp and marijuana are two completely different plants, inside and out. Hemp contains a very small amount (less than 1%) of tetrahydrocannabinol (THC), the primary psychoactive ingredient in marijuana (the chemical that gets a user high).
In 1938, when Popular Mechanics said hemp was a billion-dollar product, they did not even know 20% of the uses associated with hemp. While it is impossible to quantify the newly discovered benefits of hemp, it is possible to determine that $1 billion in 1938 is a much a larger sum of money today.
An Industrial Hemp Revolution
The cannabis industry continues to be the fastest growing industry in the world and many companies working to capitalize on opportunities within this emerging market.
Several products which are used by people every day can be created from hemp. These include paper, clothing, building materials, fuel, and nutrition. Despite industrial hemp’s known benefits, the Federal government has continued to push back on what may one day be a $1 trillion industry.
Hemp Inc. (HEMP) is a company levered to the industrial hemp industry that we have been watching closely. The company was the first business to register with the North Carolina’s hemp commission as a hemp processor and a farm aggregator.
Hemp currently has contracts with 32 farmers and has the first hemp food processing plant that been permitted in North Carolina. The plant is under construction and is expected to start being able to process hemp seed into food later this year (expected to process CBD as well).
A Premier Cultivator and Educator
Not only is Hemp poised to be one of the largest industrial hemp producers in the world, it will also be one of the largest educators.
On Saturday, the company produced the first Hemp University educational symposium. The seminar provided important information and insight when it comes to the history and future of the hemp industry. It also helped teach farmers how to grow, sell and profit from industrial hemp through real world examples.
The seminar featured world renown industry experts from all over the country. From New York to Oregon, from Virginia to Nevada, attendees received in-depth insight and education from several industry leaders.
What is The Hemp University?
The Hemp University was established with the goal to educate its attendees on key topics such as transitioning from traditional farming to organic farming, different hemp cultivar strains, how and where to get certified seeds, planting and harvesting industrial hemp, an in-depth history of hemp and its many uses, agronomy, permaculture, ecological advantages and many more courses as the curriculum is expanded.
Monthly classes will also cover such topics as organic certification, potential licensing fees, what’s happening with industrial hemp in different states around America, high CBD strains and different CBD extraction technologies and marketability of the crop.
Hemp products will continue to be showcased these seminars and anyone interested in attending or speaking at future events should visit www.thehempuniversity.com