(Newswire.net — October 9, 2020) — The hemp industry has become popular and easy to spot in this era. Many studies show the numerous benefits hemp provides to the body and economy. However, there are still people who confuse hemp with its genetic cousin, marijuana. The difference is mainly in the THC levels where marijuana has high levels while hemp has low levels. This makes hemp free from psychoactive effects, hence making it safe for human consumption.
During the pre-colonial time, Americans used hemp as a cash crop, which later improved their economy as a country. People also used hemp flowers to make clothes, spices, and in the paper industry. It was not only used by the Americans, but also by Canadians and Chinese.
As time passed, things started to change. Unfortunately, politics as well as misinformation about hemp destroyed the industry.
Product Insights
The hemp industry seems to be growing tremendously as it manufactures products that are beneficial to many health organizations and individuals. Hemp products are largely used for medicinal purposes in fighting chronic pain, inflammation, and stress. They are used in food industries because they are rich in vitamin C, iron, and more. Different studies show that hemp seeds can be used to reduce the risk of heart ailments. The global business for foods induced with hemp is expected to increase by 24% by 2022. This alone shows how most people value those foods.
A lot of research states how CBD is beneficial to the skin. Hence, a lot of companies have come up with different CBD products that help boost the health of the skin. A lot of CBD brands are partnering with hemp companies to come up with unique CBD oil, whole CBD flowers, and many other products. This has shown great improvement to the hemp industry over time.
CBD Hemp Brands Insights
As hinted, popular CBD sellers have been working with reputable hemp farmers to grow and process high-quality hemp CBD products. Cannaflower is a newly-launched brand, although it has been in the market for many years under the brand name Berkshire CBD. Over time, they have become masters in the industry by evolving with it.
The current brand name has the same, if not better, whole CBD flower strains that you can sample on their new website. Just like previously, they will be glad to discuss more with you before you place your order. Try them today to see what new products they have.
Regional Insights
Many regions around the world have been focusing on expanding different types of industrial hemp. China is their largest exporter of hemp products followed by Hungary as well as Romania. The market size of industry is predicted to show a growth of 4.5% by 2025. This is because of the high demand for hemp products by its consumers. Asian countries seem to be leading in hemp companies. This is because they have well-developed supply chains and cheap labor.
Diversification and Stability in Hemp
With the higher levels of CBD and lower levels of THC in hemp, companies have improved in the manufacture of hemp products. Hemp products provide more benefits to their users and have no psychoactive effects. Moreover, the hemp industries are more stable than marijuana since it has been legalized in most countries and states by now.
Conclusion
The hemp industry has shown a great improvement in partnering with other industries, hence creating a name for themselves. They have also promoted the economy and created job opportunities for people. The industry is expected to increase the productivity of hemp products due to consumers’ demands. This will help to boost the hemp market across the globe by 2027.