Hemp - The New Billion Dollar Crop?

A ELECTRUM PARITN ERS HEMP: Market Potential & Economic Impact The New Billion Dollar Crop? "With the U.S. hemp industry estimated at over $500 million in annual retail sales and growing, a change in federal law to allow colleges and universities to grow hemp for research means that we will finally begin to regain the knowledge that unfortunately has been lost over the past 50 years" -Vote Hemp's Eric Steenstra 2012 - $500 Million Sales Increase of 26.8% 2013 - $581 Million in conventional retailers 2014 2014 - $620 Million Currently all hemp products sold in the U.S. are imported or manufactured from imported hemp. Annual Retail Sales for Hemp Products in the US Canada legalized government-monitored hemp production in 1998, and most of its crop comes to the United States. Hemp seeds for food bring over $20 per pound retail. 90% 250 The U.S. accounts for 90 % of Canada's hemp exports 200 150 100 50 $1 Billion Crops I Soybeans Winter Wheat Hemp reported net profits per acre Canadian Hemp Industry Annual Revenue 98% Before 1937, 98% of hemp seed used in the Ú.S. came from Kentucky 29 countries have legalized hemp one industrial hemp processing facility locating in Kentucky and selling certified seed to other KENTUCKY 303 growers, would create 303 full time jobs Out with Tobacco in with Hemp 25,000 items can be made from hemp $6,700,000 21 States are allowed to grow hemp amount one industrial hemp processing facility locating in Kentucky and selling certified seed to other growers, would bring in worker earnings Kentucky Farmers are Inquiring "We've got processors and farmers contacting us every week wanting to get started here" 2 Facilities Hemp's strong disease and insect resistance can save up to $125 per acre processing industrial hemp would have an economic impact of 771 full-time equivalent jobs and $17,600,000 in worker earnings -Warren Beeler, director of agriculture policy for the Kentucky Department of Agriculture Better for the Earth? "Allowing for plants with legitimate economic benefits to be grown that use water in an efficient manner is simply good public policy. -New Mexico District 33 State Representative Bill McCamley 1/3 120 50 Water Days States Pesticides Hemp Requires only i/3 as much water as cotton Hemp is ready for harvesting only 120 days after it is planted Hemp is able to grow in many various climates Hemp requires no pesticides, no herbicides, & only small amts of fertilizer MARIJUANA INFOGRAPHICS Sources: http://www.cheatsheet.com/business/calculating-the-enormous-potential-of-the-hemp-industry.html/?a=viewall https://www.votehemp.com/PR/2014-02-28-hia_$581_milliọn_annual_sales.html http://www.thehia.org/HIAhemppressreleases/3346472 http://www.forbes.com/sites/ashoka/2013/05/29/industrial-hemp-a-win-win-for-the-economy-and-the-environment/ http://mjbizdaily.com/farm-bill-could-pave-the-way-for-billion-dollar-hemp-industry/ http://igrow.org/agronomy/wheat/a-look-at-2014-crop-costs/ https://www.uky.edu/Ag/CCD/introsheets/hempproduction.pdf http://www.care2.com/ http://ivn.us/2015/03/0reenlivig-industry-leaders-excited-about-f Theres-why-hemp-should-be-yourenewndustrial-hemp/ v-favorite-plant.html http://www.maysville-online.com/news/opinion/editorial/time-to-legalize-industrial-hemp/article_b7138f6d-difd-53ba-9e07-d7e3fb933fd2.html http://www.hempbasics.com/shop/hemp-information