Cannabis Is Great, But The Hemp Market Is Worth Billions

Reginald Reefer

worldwide hemp market

 

In 1938, Popular Mechanics published an article entitled, “Billion Dollar Crop” in reference to Hemp.At the time, a billion dollars would hold the modern day equivalent of $16,766,111,111.11 based on inflation and all that economic jazz. As of last year, Colorado grossed more than 1 billion dollars in Cannabis sales and the kicker here is, we’re only talking about cannabis – Not Hemp!

As the world sheds their old government induced beliefs and open up to a new era of cannabis, we are seeing society respond the industry quite favorably. In fact, in every state that has legalized cannabis either for medical or recreational use, have seen a growth within the industry. While the government is taking their sweet ass time to legitimize the cannabis industry, people are plunging forward and making it legit by themselves.

 

Full Article: 

https://cannabis.net/blog/opinion/cannabis-is-great-but-the-hemp-market-is-worth-billions