Wholesale Hemp-Derived CBD

There is tremendous opportunity in the CBD industry right now. In 2016, the Hemp Business Journal estimated that the CBD market would grow to a $2.1 billion market by 2020 with $450 million of consumer sales coming from hemp-based sources. According to a new estimate from cannabis industry analysts, the hemp CBD market could hit $22 billion by 2022.

CBD, or cannabidiol, is a naturally occurring cannabinoid found in the cannabis plant. CBD is non-intoxicating, and hemp-derived extract legally contains less than 0.3% THC. Whether CBD is extracted from hemp—a cannabis variety containing less than 0.3% THC—or  from a cannabis variety with higher concentration of THC, it is the same compound.

While most recreational and medical cannabis cultivators focus on high-THC, low-CBD chemovars (strains), hemp can be grown to reach high levels of CBD and low levels of THC. Therefore, raw CBD hemp plant extract is likely to yield a higher concentration of CBD than recreational cannabis extract while having lower concentrations of THC.

Hemp-derived cannabinoids (CBD, CBG, CBN, CBC) are a great option for those seeking to benefit from the cannabis plant's potential medicinal and therapeutic properties without getting high.

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Midwest-Grown Hemp

There are endless possibilities with US grown hemp. What many people don’t know is this crop has been grown in the US before — George Washington grew hemp in Mount Vernon, Henry Ford used hemp to produce ethanol, and hemp was one of the most important crops in Kentucky in the 1800s.

However, in 1937, as a result of the “Marihuana Tax Act”, it became illegal to grow hemp in the US. Nevertheless, exceptions were made at the start of World War II. The US Department of Agriculture produced a film called “Hemp For Victory” to encourage US farmers to grow hemp for the war effort as supply of imported hemp fiber from the Pacific Islands diminished.

Hemp mills were built throughout the Midwest and 4,000 acres per mill were contracted for the growing of hemp with the private corporation War Hemp Industries, Inc. Hemp became essential to the war, mainly for the production of rope, and the cultivation of hemp was even promoted as a patriotic act. After the war ended, the US hemp industry faded away.

Hemp grown outside the US is already being used in the automotive, furniture, paper, and textile industries. US farmers are eager to see hemp production become legal once again via the 2018 Farm Bill and hope to take advantage of this versatile cash crop.

Opportunities lie in hemp cultivation but also processing, distribution, and logistics. We are looking to form cooperative arrangements that will benefit us all! Contact us.