The Evolving Industrial Hemp Industry
The hemp plant is arguably the most versatile crop on the planet, and humans have made use of it for thousands of years. Prohibition policies have hindered hemp research and the hemp industry, but thankfully, that is changing as governments modernize their laws and regulations.
Historically, hemp was used for food, fiber, and medicine, and while that is still true, hemp is used for many other things these days, including recreational products and bioremediation strategies.
The hemp sector is big business. During a recent presentation at the International Cannabis Business Conference in Berlin, leading international cannabis industry economist Beau Whitney, founder of Whitney Economics, provided data demonstrating that the value of the global industrial hemp industry could be as much as $456.2 billion.
The evolving industrial hemp industry was a major topic at the International Cannabis Business Conference in Berlin. I moderated a panel dedicated to industrial hemp and was joined by the following experts:
- Morris Beegle, President of We Are For Better Alternatives (WAFBA)
- Robert T. Hoban, Member and Co-Chair of the Cannabis Industry Group, and Member-In-Charge of the Clark Hill Denver Office
- Daniel Kruse, CEO of SYNBIOTIC SE
- Chris Day, CO-Founder of the Global Cannabis Network Collective (GCNC)
You can view the panel discussion at the embedded video below:
