Both environmentally-friendly and supremely versatile, industrial hemp has experienced a remarkable revival in recent years. In fact, many believe that a thriving hemp industry will actually help provide for
our economic future. With the incredibly low carbon footprint it boasts, some even say that the growing
popularity of this hardy and sustainable plant could be crucial to the health of our planet.
Acquiring an Industrial Hemp License can open an untold number of doors for your business. Considering it? Read on for a brief look at what exactly industrial hemp is, what this license permits you to do, and to discover whether or not it’s right for you.
What is Industrial Hemp?
Identical to marijuana aside from its much lower THC content, industrial hemp was once one of the most
profitable and prevalent crops in the western hemisphere before its cultivation was banned after World
War II. At the time, it was prohibited alongside marijuana because the two plants were – and still are –
thought to share more similarities than they actually do. Their chief difference is that hemp flowers are
limited to THC levels that fall somewhere between 0.2 and 0.3 percent, which is not high enough to
produce psychoactive effects. Hemp plants are also more resilient and easily grown.
Why Grow It?
Hemp is not only even more robust than corn, which is considered one of most vigorous crops on the
planet, but it also requires less water, pesticides, herbicides, and fertilizer to flourish. Plus, it is said to
have almost 25,000 known purposes, which include being used as a raw material in everything from
paper and textile manufacturing to the production of biofuels, plastic composites, and livestock feed.
These are only some of the most widespread applications, however. Derivatives of the plant are also
common in personal care products and foods, with hemp seeds and oil fast becoming favored by health
junkies. Currently, the most lucrative and exciting aspect of this industry is its association with CBD oil,
which doesn’t contain THC and can therefore be produced from hemp and marijuana plants alike.
What Can I Do With an Industrial Hemp License?
Obtaining an Industrial Hemp License allows its holder to import and export hemp (with proper
permits), to cultivate, propagate, and harvest hemp, and to sell it with certain restrictions, such as whole
plants only being permitted for sale to licensed cannabis processors.
Outfits with at least fifty acres of land to spare are best suited to growing this plant, as it covers large
areas rather quickly, and organic farmers will find its hands-off cultivation requirements especially
appealing. If you’re interested in what an Industrial Hemp License can add to your business, get in touch
with us today for more information and we’ll support you through every step of the application process.