THE BUSINESS OF HEMP BOOMING AGAIN IN THE U.S.

Let American farmers grow hemp

The business of hemp booming again in the United States, what is the story?  There is so much talk everywhere about hemp. From the news to social media to television talk shows, it has become the hot topic. I decided to do a little research on my own due mainly to all the buzz around the topic.  So let’s talk about it.  1) Hemp was booming then it wasn’t,  2) what’s happening now,  and  3) what is the future?

 

Hemp Was Booming Then It Wasn’t

Believe it or not, there was a time when hemp was a very large and important part of the economy in the United States. Did you know the first two drafts of the Declaration of Independence were penned on hemp paper.  And did you know the 1914 $10 bill was printed on hemp paper with a scene of hemp farmers?  Click on” Industrial Hemp Production” at the end of this article for more information on “The Revolution America Needs to Prosper”.

In the 1600’s there were “Must Grow” laws. If you were a farmer and wouldn’t grow hemp you were either jailed or kicked out of the country. (true or false).  Yes it’s true.

At the time, what is now the USA was still colonies. The colonies produced sacks and paper, canvas and cloth, as well as ropes mainly used for riggings on the ships among many, many other things.

 

     https://youtu.be/rDm-66LkDrM

 

But as years went by the use of hemp as a fiber crop sustained injuring blows by politics. The federal government passed the Marijuana Tax Act in 1937.  Simply put American farmers were eventually prohibited from growing a hemp crop.  Read here to get more information

Imagine how shocked I was to learn that even though U.S. farmers were not allowed to grow hemp, it was legal to purchase it from other countries. So American companies were forced to pay other countries to import hemp from them.

Of course this sent revenue out of the country, while U.S. farmers were just left out of the equation.

 

What’s Happening Now

In 2014 the U.S. Farm Bill authorized states to start pilot programs.  This year the U.S. Senate passed the Agriculture Improvement Act of 2018 (Farm Bill), and it includes the Hemp Farming Act of 2018.

So now, after being banned from farmers in the United States for more than 70 years, hemp has come back strong.  Farmers are growing hemp plants legally again.  It has already become a multi-billion dollar industry and is growing in leaps and bounds.

People are waking up. Brainwashing used to be easy but not anymore with billions of people sharing information instantly. You can no longer convince the masses that hemp is evil and too harmful to use.  All of the information, pro and con, is at their fingertips.

As with anything, intelligent people like having the choice to form their own conclusions.  They’re getting more information to clear up the confusion between industrial hemp and marijuana.  They are learning about the visual similarities and the differences in a large variety of plants.

So far there are many positive things happening that will boost the U.S. economy, here are a few:

  • There are hemp related businesses popping up all across the country.

  • Jobs – Many different skilled and knowledgeable people are being recruited for the new businesses.

  • Jefferson University held a ‘Shark Tank’ challenge for marijuana and hemp start-ups.

  • New York’s Gov. Andrew M. Cuomo directed the state’s Department of Financial Services (DFS) to support the development of medical marijuana and industrial hemp businesses.

  • United States farmers are beginning to enjoy a comeback of the great industrial Hemp industry.

  • There is now the Great Lakes Cannabis Chamber of Commerce in Michigan.

  • Hemp Industries Association (HIA) represents more than one-thousand farmers and businesses.

  • COHIA (Colorado Hemp Industries Association) has been organized.

  • People are already using hemp in CBD products for health issues and nutrition, no prescription needed.

  • Retailers are desperately searching for and making new shelf space for a wide variety of products.

  • One Colorado company alone reported nearly $18 million revenue just during the third quarter of 2018.

  • CVSI stock (OTCMKTS:CVSI) has risen more than 1,000% just since April.

  • The hemp industries are primed to once again become a major global economic force.

  • And the list goes on and on…

                                                         

Future Predictions For Hemp In The United States

Did you know that industrial hemp will be grown again in the United States for the manufacture of over 25,000 products?  That includes nutritional supplements, foods and beverages, cosmetics and personal care products, fabrics and textiles, yarns, paper, fuel and installation materials.

Industrial hemp business involves much more than cultivating the crop.  It could create a whole new industrial revolution with hundreds of jobs for people, economic security for farmers, and by-products that could change almost every industry on the planet today.

Petroleum products, plastics, oil, coal, wood, cotton, soy, sugar cane, food and even concrete, could all be replaced with products made from industrial hemp.  Currently Americans are forced to import many products that will soon be available at home. Think of the revenue saved and jobs created.

To date thirty-one (31) states plus Washington, D.C., have legalized medical marijuana. Even though it is still federally illegal, it is unlikely anyone will be arrested.

In 2019 we will see $millions put on the table by state governments to promote the hemp industry.  Gradually cannabis will be allowed to grow nationwide as Industrial hemp pilot programs are phased out.

According to the predictions of Whole Foods Market,  hemp products, already incredibly popular, will be a top 10 food trend in 2019.  Hemp hearts, seeds and oils are already being used in food and body care products.  They’re in anything from dried pastas to waffle mix. Now there is a new interest in potential benefits from other parts of the hemp plant. There are many other brands now planning to explore this lucrative cannabis business.

Per Senate Majority Leader Mitch McConnell, “I don’t want to overstate this—I don’t know if it’s going to be the next tobacco or not—but I do think it has a lot of potential,” he said. “And as all of you already know, in terms of food and medicine but also car parts. I mean, it’s an extraordinary plant.”

United States Medical Marijuana Market Forecast 2018-2022: “Medical cannabis revenue will overtake recreational revenue in the next 4 years” says Research And Markets, the world’s largest market research store.

Executives and major investors from other countries have communicated their interest in the enormous potential of the  U.S. hemp industry.

 

Hemp Business Recommendations

 

Scheduled Events 2019

  • Cannabis Conference – April 1-3, 2019 – Westgate Las Vegas Resort and Casino  Registration now open.

  • 2019 North American Cannabis Summit-Call for Proposals –  January 28-30, 2019, at the Westin Bonaventure Hotel in downtown Los Angeles, California.

  • National Cannabis Festival – April 20th, 2019 at the RFK Stadium in Washington DC, United States Of America. This event showcases products like organic products, hemp clothes and accessories etc. in the Consumer & Carnivals industry.

  • The Hemp & Cannabis Fair 2019 in Ventura, CA – Feb 16-17, 2019 Ventura County Fairgrounds

  • Utah’s Cannabis Business Conference and Expo – May 2019 (The exact date and location is not yet posted)

In closing it appears that American citizens might have been misinformed for several decades about the pros and cons of hemp. But despite business as usual in Washington, the states of the union have seen the light.  They are pushing forward to bring back the legitimate hemp industry that fueled the American economy many decades ago.

Industrial Hemp Production
The Revolution America Needs to Prosper

 

 

I hope this article is helpful to you. If so, please share it with others.

Until next time, please remember to encourage someone else today.

Vanna Pearl

 

 

 

28 thoughts on “THE BUSINESS OF HEMP BOOMING AGAIN IN THE U.S.

  1. I must admit, Vanna, till a few months ago I was really worried about the use of hemp. But that, I’m afraid, was purely down to my ignorance in the matter.

    After finally deciding to look into this further, I discovered alll the many benefits of CBD, and I just wish many other countries followed into the steps of USA government in allowing its growth and production 😀

    1. Hi GiuliaB,

      It is a pleasure to speak to you today.

      Thank you for taking the time to read this article and leave your comments.  I like so many others have been kept in the dark about this whole industry for much too long.  It just makes good economical sense to have such an industry as this.  It can be the answer to so many needs like jobs, good quality products at reasonable prices, help for the pharmaceutical companies to provide relief from chronic pain and the list goes on.  

      Thank you again for your review.

      Happy Holidays!

  2. You’ve said, “It could create a whole new industrial revolution with hundreds of jobs for people, economic security for farmers, and by-products that could change almost every industry on the planet today.” I think you may be exaggerating; however, probably not by much. I’ve heard of the many possible products that might be created from hemp, though I hadn’t heard that hemp could be on par with concrete. I’m sure you know that you’re dealing with a bucket of worms here, but I’m sure you also know that more and more people have been peering over the edge of the bucket to see what might be of some positive use, not knowing that there is a difference between marijuana the recreational drug and hemp, the agricultural and industrial product. Thanks for the article; it was an educational read. 

    1. Hello Kevin,

      Thank you for reviewing the post and leaving your comments.  

      I am well aware of the bucket of worms as have so many others for too long.  But finally enough state governments pushed for the bill that finally passed in the Senate.  They know this industry can solve a multitude of problems with our local and national economies.  

      As for the figures I posted, believe it or not they are conservative.  I didn’t make any of this up.

      Thanks again and happy holidays!

  3. Very interesting! Funny how hemp can be a mainstay then suddenly banned and now it’s making a comeback. Seems to me it’s all about politics and who’s controlling the system, rather than the benefits of hemp itself. I’m glad to see it is bring legalised around the world becsuse it does have so many health benefits and really helps a lot of people!

    1. Hi Jenny,

      Thank you for reviewing the article and leaving your comments.  

      Yes I thought, how ironic that first it was booming at the outset, then it wasn’t, now it is again.

      Happy holidays!

  4. Hemp really is a booming industry again! It truly is an amazing plant and can be used to make so many products. CBD oil is obtained from hemp and that industry is really booming as well! CBD is amazing and has been proven to help so many conditions. What is also great about CBD is that you get the amazing awesome benefits without the mind altering THC of marijuana. Since CBD has essentially negligible THC in it, it’s legal to buy throughout the United States, unlike marijuana. Anyway, I’m rambling about CBD because I’ve been trying at the last few months for mood and depression and it really seems to help and has enabled me to not need those crazy pharmaceutical antidepressants anymore. Thanks for the post.

    1. Hello Lynne,

      Thank you for reading the article and leaving your reviews.  I am so happy for you that you have found the good uses and affordability of CBD Hemp Oil.  I wish you continued good health.

      You might find this link interesting. Click here…

      Happy Holidays!

  5. Thank you for this amazing informative article. I didn’t know that the story about Hemp went that far back to the Declaration of Independence.

    I personally do recall that lots of Hemp products where available in the late 60’s and early 70’s in Europe too.

     An older cousin of mine had a wonderful shoulder bag made of Hemp and she wore sandals made of Hemp too. I agree with you that due to misinformation, Hemp was suddenly banned and the public was scared of Hemp altogether.

    It is interesting how things somehow got lost to be revived once again.

    Here in Canada, Marijuana is country wide allowed and besides the “normal” Cannabis business, for those who like to smoke, eat Cannabis, I also can see a bright future for Hemp production on all levels. Only time will tell.

    1. Hi Sylvia,

      I appreciate you reviewing the article and leaving your comments.

      It has always puzzled me why neighboring countries like Canada had a thriving hemp and marijuana industry and the U.S, was prohibiting the industry.  That’s what my mom used to call cutting off your nose to spite your face.

      But it’s onward and upward from here, out of the need for a big boost in the economy, I believe the hemp industry will be a big part of the answer.

      Thanks again and happy holidays!

  6. wow, never knew there was such a time in history when farming hemp was compulsory, i guess we are going back to the good old days .Truly the hemp industry is a multi billion dollar industry and lots of multinational are cashing in big on it, recently read on the internet that coca cola is working big on a product with marijuana infused  ;can you imagine?

    my only question is this; what form of redress / compensation is the Government going to give to all those jailed and persecuted because of marijuana. I suppose they got wise too early…

    Thanks, this was really educative.

    1. Hello Zuchii,

      Thank you for your comments.

      Many people didn’t know that hemp farming was ever mandatory for American farmers.  But it definitely was.  The great thing is we can all research facts for ourselves now.

      As for as redress and compensation for those who were jailed, there have been a few cases so far where they have been released.

      All the best to you and happy holidays!

  7. Hi Vanna! I left my comment directly on your site. Here is what I wrote:

    “I am in no way a supporter of using ANY drugs recreationally or even smoking tobacco, but I absolutely love hemp and its incredible utility! 

    Hemp fascinated me from the very first time I discovered its existence; when I was in my early teens, I found a product–I think it was a journal–made entirely of hemp. The product came with a tag describing all the other amazing uses for it, and I could not understand why in the world we were not growing this product in the US to replace so many environmentally and nutritionally inferior crops! I had no idea of our country’s long-standing rich history with this product til I read your post. So excited to have a President who is helping bring good businesses like hemp back home where they belong.

    Not being a drug user, I can understand how well-meaning politicians were trying maybe to prevent others from growing this solely for that worthless, destructive use. But this is one of those where the benefits outway the costs, right? We grow tobacco, which is completely without benefit to humanity other than giving people jobs, and only causes harm, but we won’t grow hemp and instead will pay to import it?!?!? That makes no sense!!!

    Currently, I work at Whole Foods Market and was delighted to see you mention my beloved company in your post. Hemp hearts are selling like crazy, I use them in my morning smoothies too! They are PACKED with nutrition–more than chia or flax. And they taste sooooooo delicious. You are definitely on to something here on this site and thanks for spreading the word!”

    GREAT POST! So easy to read and engaged me completely. It was very organized and ads and pics were tastefully posted. And I loved the swinging sign up banner that popped up from Mail Much. It totally caught my attention. Will check them out for my site. My only suggestion would be adding the buttons for posting to twitter as you have only facebook and pinterest but I think your material is definitely twitter-worthy too.

    Take Care,

    Desa

    1. Hi Desa,

      You have really wowed me with your excitement about the information posted.  Thank you so much for sharing your comprehensive thoughts.  I’m so glad you got the point I was trying to make.  That is, it is insane to ban growth of a product in your own country but pour money into another countries economy to import the same thing.

      Well meaning citizens like you and I have not been given the whole story.  Now there is just too much need for the entire industry.  Not just for medicine but for our entire economy.  The full comeback of the hemp industry will solve a lot of the economic problems plaguing the country and eventual erase the national debt.

      Thank you also for bring to my attention that the twitter social media icon is not showing up. That is an oversight and I will definitely fix it promptly.  

      Happy holidays!

  8. Such insights, I had no idea that hemp could be used in so many different applications. I need to look into this more since I feel that with the cannabis craze that we will be seeing so much more support for growing and using hemp. I knew of it for necklaces and now for oil, but I had no idea it could be used for thousands of different products. I have recently been to Trader Joe’s and noticed many more products listing Hemp as a main ingredient and I feel like it’s just going to be getting bigger.

    1. Hello Marc,

      I appreciate you reading this post and leaving comments about “THE BUSINESS OF HEMP BOOMING AGAIN IN THE U.S.” There is so much more happening with the hemp industry again in the U.S.A. I believe it will become a big part of the economy’s recovery.

      There is so much more to the topic of hemp resurgence, I will definitely be writing more about it. In the meantime here is some additional information that might be helpful to you or someone you know. Continue here… and here.

  9. Such insights, I had no idea that hemp could be used in so many different applications.  I need to look into this more since I feel that with the cannabis craze that we will be seeing so much more support for growing and using hemp.  I knew of it for necklaces and now for oil, but I had no idea it could be used for thousands of different products.  I have recently been to Trader Joe’s and noticed many more products listing Hemp as a main ingredient and I feel like it’s just going to be getting bigger.  

    1. Hello Mark, 

      Thank you for taking the time to review the post and leave comments.

      The items you see in Trader Joe’s are very readily available in other stores as well.  As a matter of fact they have been around for awhile, but the recent exposure in the media has caused more people to look for them.

      It does seem like a great time to think about being involved in the business of hemp.

      Happy Holidays!

  10. This is really amazing. I never knew a single thing about Hemp before reading this article but I have always wanted to know what it is. This article gave me everything. I learned what is hemp and why was it s popular and what are the other aspects of hemp.

    Thank you so much for sharing this amazing article about hemp with us.

  11. Looking critically at this, I think it’s a good decision for the US government to allow the production of hemp and growth of the hemp industry. I just hope this wouldn’t still increase the level of abuse in the third world countries because looking at US government allowing this, they may force their governments into doing the same and I don’t think they have a good knowledge of the proper use of hemp. 

    Thanks for sharing

    1. Hello Lok,

      Thank you for reviewing “THE BUSINESS OF HEMP BOOMING AGAIN IN THE U.S” and leaving your comments.

      Yes there are so many economically sound reasons to allow the RETURN of the hemp industry.  It will solve a lot of financial problems facing the country.

      These links will provide additional information that can be helpful in any country.  Here and here.

      All the best to you and Happy Holidays!

  12. A brilliant read about the history of  hemp in the usa. It’s crazy that hemp became illegal to grow but not to buy doesn’t make very much sense to disable the farming industry like that and now it’s gone full circle. It’s time to jump on the hemp wagon and blog blog blog!

    Great article I really enjoyed it, thankyou

  13. I can not believe it! I am shocked. This is not only good news for the general public and farmers, everyone can benefktr from this. There will me more jobs, investors will make good profit if they invest on companies about hemp. Not only that, it means that there will be no more drug war, no more drug dealers and the less drug dealers the better the security in our country. 

    Thanks for opening my eyes!

  14. Hey Vanna Pearl,

    This is a very interesting article. 

    I have been hearing alot about hemp growing recently. I wasn’t aware that hemp growing had been banned for decades here in the US. That is a very interesting fact!!

    I have epilepsy so the medical side of hemp really interests me!! I have been trying to get people to understand that medical marijuana isn’t the same as recreational cannibus.

    Elaine

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