Americans are betting on the technical therapeutic hemp
In the second half of 2019, the therapeutic hemp technical varieties will be entered in the State Register of Plant Varieties suitable for distribution in Ukraine and in 2020 this seed will be cultivated. Unlike economically developed countries, most likely the grown raw materials will be exported to Europe, since the imperfection of the current legislation does not yet allow using the therapeutic potential of the plant in the interests of Ukrainian citizens.
GreenGro Technologies, Inc. (GGT, a leading provider of environmentally sound technologies for the cannabis industry), announced that its unit in Southern California had allocated a four-acre plot of land for breeding feminized cannabis seeds with a low content of tetrahydrocannabinol and high cannabidiol. Derived and prepared for commercial sale in this area, therapeutic hemp seeds should create a new revenue channel for the company, which already in 2019 will account for the majority of GGT revenues.
In particular, according to the company's CEO Matthew Berden, “The revenues that will be received as a result of the“ launching ”of sales of technical hemp seeds of therapeutic orientation should allow the enterprise to continue to improve all other activities that GreenGro Technologies is currently engaged in. We expect that the sale of technical hemp seeds with a high content of cannabidiol during the year will have a significant positive impact on the company's income. This kind of initiative should be an example of what GreenGro does to increase profits at the highest possible rate of growth in its history. ”
Industry research organizations predict a significant growth of the cannabinoid market in the medium term. Some market experts argue that the market for technical hemp seeds with the highest possible amount of cannabidiol is an extremely popular and rapidly growing segment of the cannabis industry, which is determined by consumer demand for healthy and nutritious food, cosmetics, as well as biologically active and feed additives produced from grown from data of hemp seeds. It is expected that technical cannabis seeds with a high content of cannabidiol will have a number of significant competitive advantages, since the cost of “grown on the ground” leaves and inflorescences is ten times less than the cost of similar raw materials cultivated in greenhouses / rooms.
According to Mr. Burden, “Initiating this activity in the field of breeding this kind of seed material rich in drug-free cannabinoids, there is already a huge growth potential. We can maximize the benefits of a pioneer in this market. The company's experience in the cannabis industry, specialists in its composition, as well as modern technologies will allow us to quickly establish and expand our presence in the sector of the technical therapeutic cannabis, both in the US and in the world. ”
Based on the experience of the company, a business plan was developed, within which it was estimated that its activities on an area of 4 acres (1.6 hectares) could bring at least $ 2 million before the end of 2019. The current wholesale value of such seeds is estimated to range from $ 15 to $ 30 thousand per pound (0.45359237 kg).
Commentary of the Association "Ukrainian technical hemp"
Breeders in our country have already created technical hemp varieties of therapeutic orientation. In the second half of 2019, they will be entered in the State Register of Plant Varieties suitable for distribution on the territory of Ukraine and by 2020 this seed will be cultivated. Unlike economically developed countries, most likely the grown raw materials will be exported to Europe, since the imperfection of the current legislation does not yet allow using the therapeutic potential of the plant in the interests of Ukrainian citizens.