![](https://investorshub.advfn.com/uicon/314626.png?cb=1485173186)
Thursday, July 05, 2018 11:25:06 AM
You realize, 1st to market "Dobson" is usually the winner.
LMAO, Winner of what? Your comment only makes sense if there were a limited market for hemp. According to that article...
Dobson’s farm has made some preliminary sales of hemp, he said, and found a strong market for plant extracts as dietary supplements and for the grains.
“We just sold our first grain this past year,” Dobson said. “And we sold our first biomass to make dietary supplements this past year as well.”
The demand was so high he decided to expand from his original 40 acre harvest.
Hemp Profit Gets Real
Industrial hemp is on a slow-burn toward titan crop status and will be the fastest growing segment of agricultural crops during the next 15 years, believes Matty Mangone-Miranda, GenCanna’s president and CEO. “What is hemp’s U.S. future? Just look at the facts,” he says. “It’s used in everything. Right now, CBD gets the press, but there are almost 30,000 industrial products made from hemp.”
Mangone-Miranda predicts millions of future hemp acres derived solely from CBD and food industry demands. “Add acreage for industrial uses and the U.S. numbers get crazy,” he says.
The sheer size of the hemp market is staggering. The total domestic value of hemp retail products sold in 2015 was $573 million, according to the Hemp Industries Association. In addition, the U.S. annually imports $500 million of hemp and hemp-related products, adds Alex Green, GenCanna’s head of media and communications. The nutraceutical active ingredient global market is $20 billion per year, while the pharmaceutical active ingredient global market is $13 billion per year.
HEMP REPORT: TOP 10 U.S. STATES
Note the quote from this source...
New York has no rules for how hemp can be used, and it is the only state with officially recorded hemp production devoted to consumption of the plant’s leaves.
In other words, no license required for CBD production/extraction.
Debunked again
Les
Recent BTZI News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:00:04 PM
- Form C-AR - Annual Report • Edgar (US Regulatory) • 05/31/2024 02:50:06 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM