How Industrial Hemp Can Lead to Business Growth 9/22/2020
TODAY’S AGENDA 1. About NIP Group Moderator Webinar Speaker 2. Overview of Today’s Webinar 3. Current Size of the Hemp Industry 4. What Can You Do With Hemp? 5. Hemp Resources Near You 6. Why Switch to Hemp? 7. Q&A
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Introduction The popularity of CBD has no doubt grown with more states legalizing cannabis, as well as, the passing of the Farm Bill in 2019. However, there is evidence that the CBD marketplace is saturated with brands with no clear outlet to effectively sell these products. The availability of CBD products may quite simply outpace the consumer demand creating a surplus, ultimately driving down the price of raw materials. So, how do you ensure that you are thinking long-term about your crop and making long term plans to optimize your hemp harvest? Have you considered cultivating hemp for something other than CBD? Are you testing the cultivation conditions for hemp strains that can be used for industrial products? Are you diversifying your crop strain portfolio to pivot into new markets? In this webinar, we will discuss how to future-proof your harvest. We will explore how to find industry leaders and partners to create research agreements on the development of new products. There have been dozens of arguments in the past about the many uses of industrial hemp. Now that we have industrial hemp, how are we bringing back hemp industrialization, and subsequently manufacturing jobs to the US?
Overview of Webinar Goals Discussion of the Size of the US Hemp Industry provided by the Farm Bill in 2019 All of the buzz around hemp is related to the pharmaceutical properties of CBD - but is that really all that hemp has to offer? We want to generate ideas and provide direction on how cultivators start thinking bigger the CBD. What else can we do with this cash crop? We have heard the arguments before - hemp can replace plastic, paper, hempcrete, and create fuel. Now that we have hemp, are we making moves to bring these products to life? How do we begin to think about the hemp harvest as more than a source of CBD and start capitalizing on the benefits of industrial hemp?
Why was Hemp Important to Our Founding Fathers? Hemp dates back in the United States to Jamestown where it was growth for sails, rope, and clothing. Hemp was a cash crop and George Washington pushed for the growth of hemp. Early laws required American farmers in several colonies to grow hemp. Other presidents known to have farmed hemp for alternative purposes include Thomas Jefferson, James Madison, James Monroe, Andrew Jackson, Zachary Taylor, and Franklin Pierce. Abraham Lincoln used hemp seed oil to fuel his household lamps. Hemp was exported to England where it was used for clothing, shoes, maps, books, ship’s rigging, parachute webbing, baggage, sails, and tents. For over 200 years, hemp was considered a legal currency that could be used to pay taxes.
License Hemp Acreage is Bigger Than Ever • As of June 2020, licensed total hemp acreage to date had reached 465,787 acres for the 2020 production season, with 47 state departments of agriculture reporting numbers to Hemp Industry Daily. • The 2020 licensed acreage is a 9% decrease, compared to 511,442 total licensed acres of hemp across 34 states in 2019, which was more than quadruple the number of acres licensed from 2018, industry advocacy group Vote Hemp reported last fall.
There are dozens of CBD brands on the market… With it growing every day. • Charlotte’s Web • Leafywell • Zatural • Nutiva • +PlusCBD • Steve’s Goods • Manitoba Harvest • Reliva CBD Wellness • Hemptown USA • Edens Garden • Elixonal • High Grade Hemp Seed • JustCBD • Green Garden Gold • Canada Hemp Foods • Miracle Botanicals • Premium Jane • Extract Labs • VitaScents • Core CBD • Naturvet • Pure Kana • Sagely Naturals • Zhou Nutrition • HAVASU NUTRITION • CBD Distillery • Restorative Botanicals • Intrinsic Hemp • NuLeaf Naturals • R&R Medicinals • The Fay Farm • Veritas Farms • Wellution • Endoca • Absolute Nutrition • NatulabUSA • Isodiol
So What Can You Do? Pivot. To future proof your harvest - you must PIVOT. Don’t follow the hype of CBD. Remember that hemp is bigger than CBD.
Henry Ford built a vehicle in 1941 of hemp fibers
Renew Sports Cars with Bruce Dietzen THIS IS A HEMP CAR!
Products that can be made from hemp • Sunscreen • Pet food (dogs, cats, horses) • Pet food (dogs, cats, horses) • Hemp milk • Cat litter • Cat litter • Hemp oil • Pet bedding • Pet bedding • Protein powder • Insulation • Insulation • Flour • Rope • Rope • Hemp seed • Organic compost • Organic compost • Textiles • Fiberboard • Fiberboard • Absorption materials for diapers • Hempcrete/bricks • Biodiesel
Diversify your Crop Portfolio - Try Different Strains Hemp for Grain/Seed Hemp for Fiber and Construction. • Cultivars are slender - about 5-7 feet tall. • Cultivars are very slender ranging from 10 to 18 feet tall • Hemp grain, an oil seed with high protein content • Cultivated for bast fiber and hurd with high nutritional value. • Planting method: Grain drill, broadcast seeder or • Planting method: Grain drill or broadcast seeder corn planter • Planting rate: 50-70 pounds/acre • Planting rate: 25-35 pounds/acre • Harvest time: Around the time of pollination, • Harvest time: At maturity, generally 100-120 days generally 45-70 days after planting; In warmer after planting; climates - more than 1 harvest can be achieved annually. • Harvest method: Regular combine • Harvest method: Mower (sickle or disc mower) and • Post-harvest handling: Clean before storage in a a hay baler (round or large square) grain bin, where forced air dries the crop • Post-harvest handling: Left to field dry to 15% • Other comments: Some cultivars may also be moisture, then baled harvested for fiber after combining
Find Universities Conducting Hemp Research • Research Involving Cannabis, Hemp, and Marijuana - University of Connecticut • Industrial Hemp Pilot Project - University of Florida • MSU Hemp Extension - Michigan State University • Industrial Hemp Production - University of Illinois • The Purdue Hemp Project - Purdue University • UK Industrial Hemp Agronomic Research - University of Kentucky • Industrial Hemp Research at the WCROC - University of Minnesota • CDA Industrial Hemp Research and Development Program - University of Colorado - Boulder • Hemp Research - Utah State University • Global Hemp Innovation Center - Oregon State University • School of Integrative Plant Science - Cornell University
Explore Manufacturers Near You - It’s a Google Search! Google Search: Fabric Manufacturers Google Search: Plastic Manufacturers Google Search: Packaging Manufacturers
Fabric Manufacturers
Plastic Manufacturers
Packaging Manufacturers
Why Should Manufacturers Switch to Hemp? Hemp is less expensive to produce that using trees for paper products Hemp is sustainable Hemp is consider “green” and people are looking to make sustainable purchases Hemp is cultivated in the United States - if you find manufacturers in the United States - then the products are produced in the United States. There is ALOT to be said about bringing back manufacturing jobs.
Hemp is Carbon Negative
Learn More Contact Information NIP Group, Inc. 800-446-7647 www.nipgroup.com Cannabis Business Growth char@cannabisbusinessgrowth.com 269-208-7918
Q & A 1. About NIP Group Moderator Webinar Speaker 2. Overview of Today’s Webinar 3. Current Size of the Hemp Industry 4. What Can You Do With Hemp? 5. Hemp Resources Near You 6. Why Switch to Hemp? 7. Q&A
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