InvestorsHub Logo
Followers 13
Posts 1246
Boards Moderated 0
Alias Born 06/15/2018

Re: Thisstock post# 42467

Friday, 09/22/2023 9:20:35 AM

Friday, September 22, 2023 9:20:35 AM

Post# of 44452
There are all kinds of great ideas for hemp based businesses but before anyone can build a sustainable business there has to be enough acreage committed to hemp production to to make all these ideas become a reality. IMO, the challenge for the hemp for grower is will they have someone to buy their crop. That means companies have to be established and in place ready to receive the raw hemp and begin production of their products.
With all the products that are in the hemp dream it is going to take a lot of farmers to commit the necessary acreage to hemp production. Acreage that they're probably growing other crops that the know there is a market for.
It's a big challenge to create a new industry. A lot of infrastructure work still has to be implemented before anything real happens in this fledgling industry.
IMO, the reality is there is probably still a long way to go.
Patience is absolutely necessary when you put your money in this industry.
Bullish
Bullish