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