Could Hemp Become America’s Newest Cash Crop?

Did you ever imagine that hemp—or cannabis—would ever be considered a cash crop? Anyone who knows the history of cannabis wouldn’t be surprised. For centuries, cannabis has been used as a cash crop all over the world. It is almost funny that people today are just starting to recognize everything hemp truly has to offer—not including marijuana’s ‘recreational’ purposes. Here are three reasons why hemp may just become America’s newest cash crop.

Current Market Potential

Given hemp’s many uses and its potential as an eco-friendly alternative to other types of plants, cannabis’ market potential is only projected to increase. In fact,  according to recent data, the hemp market is estimated to expand by as much as 34% within the next couple of years. This means that hemp’s current market of USD 4.6 billion is projected to reach 26.6 billion. Crazy, right? And people have barely begun to scratch the surface in regard to cannabis’ true market potential and utilization.

America’s Growing Potential

Hemp, extracted from the cannabis sativa plant, has the potential to be America’s newest cash crop, especially given its sustainability and growth potential. In fact, if you thought corn was easy to grow and very utilizable, hemp may be giving it a run for its money.

Hemp not only grows better than corn, but it also requires smaller amounts of water, fertilizer, and even pesticides. Furthermore, while corn has thousands of uses, from diapers to shampoo, cannabis has tens of thousands of uses, from gasoline to soaps to clothes. No wonder why farmers have their eye on this cash crop. Already, we have several serious hemp growing states that could potentially ramp up production.

Healing Capabilities

As previously stated, hemp has thousands and thousands of uses, as well as many more potential uses. Its uses not only include everyday things like fuel and paper, but hemp also contains many medicinal properties. For example, hemp is a great natural relaxant and anti-depressant. Furthermore, many people are finding relief from pain by taking hemp or CBD. Who knows—hemp may even be the answer to chronic illnesses such as heart disease and cancer.

While most Americans today are more familiar with the recreational uses of marijuana, there are so many more benefits that cannabis offers—benefits that do not include intoxication. In reality, it is understandable why farmers and investors have developed a sudden, growing interest in the plant. America has only scratched the surface of hemp’s potential.

Here’s another article you might like: How Technology Is Transforming CBD as an Industry

 

Posted in
imginn instagram

What is Imginn? Is it a good tool for downloading Instagram photos?

By Staff Writer | October 29, 2022

Imginn allows you to save your Instagram stories online for free! This new service allows you to download Instagram stories and highlights, photos, videos, and…

mircari platform

Review: Mircari Social Media Platform Helps Brands Increase Visibility

By Andrea Kay | October 29, 2022

What is Mircari? Mircari, a social media management platform, helps businesses increase their online presence. It automates the creation and maintenance of social media…

Ramneek Sidhu Digital Kings

How Ramneek Sidhu Built A Social Media Marketing Empire with his Digital Kings Business

By Andrea Kay | October 26, 2022

Trending on socials in the recent past is one of the successful young entrepreneurs and digital marketing specialists—Ramneek Sidhu. People on the internet trend…

Adore by Priyanka

Review: Adore by Priyanka Jewelry Collection

By Andrea Kay | October 26, 2022

Adore by Priyanka is an online jewelry store that focuses on handmade jewelry. The company was founded in 2014 by Priyanka Krishnan, and it…

Norstrat Consulting Incorporated

Norstrat Consulting is a Key Partner in Implementing the Canadian Northern Strategy

By Andrea Kay | October 26, 2022

Norstrat Consulting has been providing professional consulting services to the Government of Canada and military services in the northern hemisphere for over 20 years. They…

Elon Musk Twitter sink

Elon Musk Reconsiders $44 Billion Acquisition of Twitter

By Andrea Kay | October 26, 2022

Elon Musk will visit Twitter’s San Francisco Office this week, ahead of the expected closing of his deal with to buy the company. This was disclosed by…

American Red Cross Corporate Donors

American Red Cross Disaster Relief Made Possible by Corporations of All Sizes

By Andrea Kay | October 26, 2022

The American Red Cross is one of the most recognizable charities in the United States. They are an essential resource in Disaster Relief, Blood…

What Helps Build a Strong Business Reputation?

By Andrea Kay | October 20, 2022

Your reputation will make or break your business when the time comes for you to face challenges with your company. But it is hard…

Nu Image Medical Mens Health

Telemedicine is Changing the Healthcare Industry; Early Adopters like Nu Image Medical are Reaping the Benefits

By Andrea Kay | October 19, 2022

Perhaps one of the most exciting and beneficial technological advancements in the medical community has been the adoption of telemedicine. While there have been…