VI: Sage of Conservation & Commerce
- One acre of hemp that houses 1,500 to 2,000 hemp plants can generate $40,000 to $50,000 in revenue for the person who grows it.
- The hemp industry is going to create many jobs for people. From high skilled management jobs, to labor type jobs and everything in between. It’s going to reach all of society.
- Hemp is a non-water intensive crop. Due to hemp needing little water, people will not have to use so much water to grow foods. 70% of the world’s freshwater is being used by the agricultural industry.
- The hemp plant’s stem and leaves are full of nutrients that benefit the environment; as the plant grows, leaves fall to the ground, decompose and replenish the soil with their nutrients.
- Hemp can be a sustainable crop for farmers. It only takes four months to grow hemp and is a crop that can be rotated, which means cleaner, richer soil with a greater crop yield. It can help them as the landscape evolves due to the challenges of climate change, and the tariffs brought on by the Chinese due to the trade war.
- Hemp has the ability to extract toxins from soil; otherwise known as “phytoremediation.” In the 1990s, a team of scientists tested this notion and planted hemp in fields around Chernobyl, Ukraine to see what contaminants the plant could extract. They found that hemp had great phytoremediation properties.
- In 2017, hemp products brought in $820 million. The products that lead to this great amount include food and body products, clothing, car parts materials used for buildings and many more products.
- The CBD market is currently a million dollar industry that soon can go on to become a multi billion dollar industry. Experts expect sales of CBD products to climb drastically from $90 million in 2015 to an estimated $450 million in 2020.