Cannabis and hemp have been prohibited for more than 75 years. As a result, the majority of consumers around the world are unaware of the positive potential this plant holds. Consumers as a whole have been misinformed about cannabis and hemp. Once consumers are exposed to factual information through marketing and educational programs, most will recognize and embrace the benefits of these products and will become passionate consumers.
Exponential market growth is expected over the next 5-10 years in both the hemp and cannabis industries. The industrial global hemp market is currently estimated to be in the neighborhood of $800 million and will easily grow to be a several billion dollar market within 5 years with a sufficient expansion of supply.
Ramping up hemp and cannabis production will be a stimulus for many ancillary industries; testing, monitoring, packaging, distribution, logistics and marketing, to name a few. In addition the farm equipment industry will need to develop new specialized equipment, there will be a need for additional processing and manufacturing facilities, and many other ancillary economic benefits from the growth of the hemp and cannabis industries will occur. All of these industries in the periphery will benefit greatly, which will contribute to the overall global economy in a significant way