Currently legal in over 30 nations and 46 U.S. states, the industrial hemp markets span across several industries including food & 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, is a strain of the Cannabis sativa species cultivated specifically for industrial uses of its derived product with far lower concentrations of THC and higher concentrations of cannabidiol (CBD) - decreasing or eliminating any 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.