How to Grow Hemp to Make CBD Oil?
The 2018 Farm Bill heralded a new age that brought with itself opportunity for more research and ushered in a different outlook towards medical science – as a whole. Thanks to the legalization of hemp cultivation and CBD production, the industry is now officially growing in leaps and bounds in the US – and the world over! While the regulations on growing hemp is still a work in progress, it’s only a matter of time before hemp cultivation becomes one of the biggest agro-business. While farmers grow hemp for various reasons, including industrial purposes (for their fibers) and for their seeds (consumed for nutritional purposes or used in making hempseed oil), growing hemp is now more popular for their cannabinoid extracts. In fact, the overall CBD market value in the US is projected to cross $20 billion by 2024, according to leading cannabis researchers BDS Analytics and Arcview Market Research. According to another estimate by the Washington, DC-based cannabis researcher New Frontier Data, the total legal sales of cannabis in current legal states are projected to grow at a compound annual growth rate (CAGR) of 14% over the next few years to reach almost $30 billion by 2025. If you’re a farmer looking to make a lucrative business from growing hemp for CBD, you need to take a closer look at the finer details of hemp cultivation. So, here’s what you need to know… Hemp Plantation – How it Works According to estimates, hemp grown for its CBD extracts could…
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Source : Cannabis Radar
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