Currently legal in over 30 nations and 46 U.S. states, the industrial hemp market spans across several industries, including food and beverage; construction; textiles; furniture; pharmaceuticals; biofuel; and personal care. Divided into four main segments: hemp seed, hemp seed oil, CBD hemp oil, and hemp fiber, this versatile plant has experienced increasing popularity for a variety of uses.
So, what is hemp exactly?
Hemp, one of the fastest growing plants on earth, is a strain of the Cannabis sativa species cultivated specifically for industrial use. Its derivatives have far lower concentrations of THC and higher concentrations of cannabidiol (CBD), thereby decreasing, or eliminating psychoactive effects.
With the legalization of hemp cultivation increasing throughout the world, Point7 is looking forward to expanding our services within this market in the near future.