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30% Annual Growth
ArcView expects the U.S. legal cannabis market to show a compound annual growth rate of nearly 30% over the next few years.
Denver has more marijuana dispensaries than liquor stores or public schools, as sales reached $996 million in 2015.
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Ministry of Hemp's Awesome Compendium of Hemp Uses
February 10, 2017 | by Staff
Website Ministry of Hemp did some impressive digging to unveil awesome facts about and uses for hemp.
American farmers are promised a new cash crop… and it will provide thousands of jobs for American workers throughout the land. – Popular Mechanics in 1938
An article published in Popular Mechanics in 1938 claimed hemp as the New Billion-Dollar Crop. Claiming to have thousands of potential applications, there seemed to be no limit on how and where hemp could be used. But not even a year after this publication, the government passed restrictions on hemp that essentially killed the entire industry. For the next 80 years, hemp has largely been forgotten and misunderstood.
Only recently was hemp authorized for research and experimental growth in the 2014 Farm Bill. Hemp is being grown this year on only about 6,900 acres nationwide, according to industry tallies based on state reports.
Sadly, today most of us don’t even know about hemp. We grew up never learning about it or even using it. The modern society never got the chance to experience the amazing quality and benefits that hemp brings. Many people mistakenly assume it’s the same thing as marijuana (close, yet distinct, cousin). Others aren’t even aware of its existence.
So what is hemp and what can it do? To show the true potential of hemp, we’ve created an extensive, all-encompassing list of hemp products that exists today. Although some of these applications may not yet be fully commercialized, most of these items can be purchased online through various boutique brands. Many hemp advocates are fighting to offer customers high quality, eco-friendly hemp products that are superior to its conventional counterparts.
Check out the Ministry's full list of hemp uses by category.