You’re growing marijuana? No? Well, what do you do with hemp? How much money do you make an acre? Who buys it? These are all questions worth asking, and I want to try to paint an accurate picture of West Virginia’s role in the development of hemp industries.
There are hemp companies worth millions of dollars in North America, but they’re in the minirity such as Dr. Bronner’s or Canadian seed companies. They’re in the minority because America is stuck currently in a research and development phase, with emphasis on the development part. Ideas and companies are forming around this emerging industry rapidly as the market is not saturated yet because it’s not even fully developed.
There is a grand opportunity to capitalize on an emerging market, and you could speed up the development process by developing your entrepreneurial idea!