Hemp will be a $3 billion industry by 2022, and Kansas is making sure that it will be part of the revolution.
On April 20, Gov. Jeff Colyer (R-KS) signed a law allowing research-based production of industrial hemp in the Sunflower State.
It’s true that the law will not allow commercial production of the plant in Kansas, but this is the first step in bringing a new economic windfall to the state…
A spokesperson for the Kansas Department of Agriculture said that “a successful research-based pilot program may lead to the eventual legalization of commercial hemp in Kansas,” according to The Wichita Eagle.
It’s still too early to say how much revenue industrial hemp would generate for Kansas, but the state expects big bucks…
Why Industrial Hemp Will Create an Economic Windfall Across the United States
Hemp has a wide range of uses in nine submarkets, which include:
- Agriculture
- Textiles
- Recycling
- Automotive
- Furniture
- Food & Beverages
- Paper
- Construction Materials
- Personal Care
It can be used in everything from creating animal bedding to supplying an alternative protein source.
Renegade Investment Expert: “It’s time to double down – or even triple down – on your cannabis investments!” Read more…
In 2017, the value of U.S. sales of hemp-based products, like food, body products, dietary supplements, clothing, and building materials, totaled $700 million, according to the Hemp Industries Association.
And the value of the market will only keep growing.
By 2022, the industrial hemp industry will be worth $3 billion. That’s a 328% increase in just five years.
We’re excited for the future profit opportunities in the industrial hemp and hemp farming market.
And we’re even more excited about the $10 billion marijuana industry…
Compelling evidence predicts massive profits for cannabis investors in 2018.
Do you want to find out how to own the stocks potentially destined to soar up to 1,000% this election year?
For the answer, go here…
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