CBD investors benefiting from exponential growth of hemp products By rick October 12, 2016 CBD Market News
CBD producers are benefiting not just from the exponential increase in demand for CBD products, but from growing consumer acceptance and government approval of hemp products in general. SOURCE: mjbizdaily.com Certified seeds and CBD help U.S. hemp industry take root America’s fledgling hemp industry recently got its latest boost when the Colorado Department of Agriculture created six varieties of certified domestic hemp seeds that U.S. farmers can buy to start their own crops. Hemp cultivation also is benefiting from rising demand for CBD products and new applications for hemp. The plant is used for medicines as well as products ranging from clothing to building materials. Colorado’s seed program, unveiled last month, comes as hemp cultivation has been hindered by a dearth of seeds and their high cost. Hemp seed prices can range from $25 a pound to $1 per seed, the Associated Press noted. Colorado has spent years developing a certified seed that produces a crop with a THC level of no more 0.3%. Otherwise, the plant is considered marijuana and must be destroyed, making hemp a risky gamble for farmers. Despite the advances, observers caution it could take a decade or more before American-grown hemp dominates the U.S. hemp market – which was $573 million in 2015 – the way imported hemp does today. Read more: https://mjbizdaily.com/certified-seeds-cbd-help-u-s-hemp-industry-take-root/
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