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The emergence of the legal cannabis industry has created an unprecedented opportunity for investors. Although this burgeoning industry is already a multi-billion-dollar business, it is not even in the first inning of what will be multi-decade super growth cycle.
The legal cannabis industry will be the next trillion-dollar industry and in due time, it will be larger than the alcohol and tobacco industry…combined.
Although these statements seem overly optimistic, they are not…
A Billion-Dollar-Crop in the 1930s
More than a century ago, a device called the decorticator was developed and was about to revolutionize the way industrial hemp was processed. Before slavery was repealed, hemp was often grown due to its variety of uses. The hemp crop was very difficult to process and many farmers grew less hemp after slavery was repealed.
The decorticator made it simple to process hemp and in the late 1930s, Popular Mechanics described hemp as the new billion-dollar crop. Mechanical Engineering called it the most profitable and desirable crop that can be grown.
If hemp was considered to be a billion-dollar crop back in the 1930s, then one can only imagine what that would be worth today. Researchers are only starting to crack the surface and the number of hemp’s known uses today has increased exponentially.
Five Benefits of Hemp
Not only have the number of uses increased, but the value of some of its uses is incredible. We want to list only five of its known uses to help you understand the amazing potential of this plant.
- Hemp can be used to make paper and it only takes a couple of months to grow. Hemp is environmentally friendly. It is naturally acid free and can be recycled up to 7 times (normal paper can be recycled up to 3 times). During the process of converting hemp into paper, millions of pounds of toxic pollution are not released into the air.
- Hemp can be used to make clothing and the material gets softer every time you wash it. Hemp will keep you cool during the summer and it will keep you four times warmer than regular cotton during the winter. It only takes one acre of hemp to produce as much material as 2 acres of cotton.
- Hemp can be turned into a variety of building materials (i.e. fiber board, carpet, stucco, cement blocks, insulations, and plastic). You can build a wall out of hemp that is rot free, pest free, mold free, fire resistant, and will last 500 years. You can also make biodegradable plastic out of hemp.
- Hemp can be turned into fuel that can be used in your car today. This is done by pressing the hempseed and turning its oil into a biodiesel that is completely biodegradable, smells better, and is cleaner for the air. Although hemp isn’t the best alternative for fuel it can be used today with most vehicles without making alterations to the vehicle.
- Hemp can be used as a supplement for nutrition. Hemp is high in protein, contains essential omega 3 & 6 fatty acids, potassium, and dietary fiber.
Numbers do not lie. The legal United States cannabis industry is a multi-billion-dollar industry that employs thousands of people. If the government tried to shut down the legal cannabis industry, it would not only cost trillions of dollars but it would ruin cities and local economies across the country.
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