Fiber -- Hemp fiber can be used to make fabrics and textiles, rope and paper. The word 'canvas' actually derives from the word cannabis.
Fuel -- While the industrial, medicinal and commercial properties of hemp have been known to mankind for a very long time, its benefits to the environment have just been realized in recent years. One of the compelling things hemp offers is fuel. With reserves of petroleum being depleted, it would be nice if we could have a fuel source which was reusable and which we could grow right here, making us completely energy independent.
Food -- Hemp seeds are very nutritious and were first thought to be eaten by the Ancient Chinese and Indians. Hemp seeds have a nutty taste and can be eaten raw, ground up, sprouted, or made into dried sprout powder. Hemp seeds also contain a very beneficial oil that is high in unsaturated fatty acids, including an optimal 1:4 ratio of omega-3 to 6.
Building Material -- Hemp can be made into a variety of building materials. These include concrete-like blocks called 'hempcrete', biodegradable plastics, and wood replacements. These materials have been used in the manufacture of many things, including electronics, cars and houses. In fact, the first American home made of hemp-based materials was completed in August 2010 in Asheville, North Carolina.
Biofuel -- Remarkably, the oil from hemp seeds and stalks can also be made into biofuels such as Biodiesel -- sometimes known as 'hempoline'. While this biofuel can be used to power engines, it does take quite a lot of raw material to produce a substantial amount.
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HEMP BENCHMARKS
Hemp Benchmarks(R) , a division of New Leaf Data Services, is a leading provider of financial, business and industry data for the North American hemp markets. They offer comprehensive and unique benchmark services for public and private organizations, and financial institutions. Hemp Benchmarks' management team has over 100 years of cumulative commodity data services experience, more than 80 years of cumulative hemp and cannabis industry experience and subject matter experts in multiple jurisdictions/geographies. Their September 2019 "Hemp Benchmarks Spot Price Index Report" is a comprehensive and valuable resource that includes the following:
-- September Assessed Price by Product Category
-- Monthly Biomass Volume Discount Curve
-- Wholesale Price Correlation Matrix
-- 2019 Biomass Yield & Market Value Estimates
-- Comprehensive U.S. State Acreage & License Counts
-- USDA & FDA Updates
The downloadable PDF can be accessed here. Be sure to visit their site, www.hempbenchmarks.com.
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