Hemp economics is not as complicated as it sounds or maybe we can simplify the complexities. And perhaps this is surprising to you, but hemp economics have had a huge impact across the board on agriculture economics. There is a lot of money in hemp, even tobacco farmers are switching to hemp crops as there is more money and right now, more demand. Also, be sure and check out all the new inventory on the shelves at Dr. Strains CBD. This is starting off to be an exciting year of new products! Hemp Economics – Understanding the Complexity of the Hemp Market With all the possibilities of hemp and building hemp economics on a firm foundation, the leaders still must be aware of the complexities of the hemp domain and how many different demographics it touches. It is not a product for just the young or just the old. It is for all humanity who suffer from chronic pain, anxiety, inflammation and many other challenging conditions. The decision-making process in hemp economics must include that the hemp community also enjoys the hemp flower recreationally. Some individuals have no physical condition they need or wish to treat but the want it, perhaps to help them stop smoking nicotine or lessen the effects of alcohol or merely for the pleasure of the smoke. Another complexity is that of licensing structures, regulatory environments, banking dynamic and then there are the ever-changing government regulations. It does not matter who is trying to maneuver through all these complexities, it takes time, research and staying on top of changes in the market of consumers. If calculated carefully, precious time, momentum, and capital can be saved and put where the most profit is likely to be. Hemp Economics – Considering the Rapid Growth As soon as the 2018 Farm Bill was signed into law, hemp and all the products connected to it exploded. Because of research projects ongoing all over the country, many were aware of its economic potential as well as the therapeutic value. Since the industry experienced staggering growth. Even the medical world has perked up to the health benefits which are becoming routine. Today there are no signs of slowing growth unless draconian regulations erupt. It is rare that a crop tests positive for environmental sustainability without waste, high economic value to the agriculture community, recreation value and on top of all that extreme therapeutic value for chronic conditions like pain, anxiety, inflammation mood instability and so much more. Hemp Economics – Looking at Women LeadersIt may be surprising to you, but women have been the driving force in this industry even in the beginning of the regulated markets for numerous hemp products. In case this does not make sense, think about the variety of household medicinal products are CBD driven and women make those decisions for the home. Consequently, women jumped on this train of hemp economics and started called the shots to drive the economics to greater heights. Besides that, women have an innate ability for leadership because they are continually rallying the troops as they manage a household with children and a husband. The other point is leadership is about thinking as well as making fierce decisions with a heart. Women also are particularly adept at building partnerships rather than staging a fight with the opposition. They see the advantage of building a better world for the children who will be grown one day. Hemp Economics – The Market Interlopers Like any other good thing with incredible opportunity and economic value, the scammers and interlopers sneak in to grab their part of the money pot. Unfortunately, a recent study discovered that that nearly 70% of CBD retail brands are mislabeling their products. This means that they label, for example, hemp oil as CBD oil or label watered down CBD oil as having more CBD potency than it does and simply failing to do 3rd party testing but say they have on the label. For the hemp consumer out there, the message is look at the small print and question the vendor for 3rd party testing documentation. It is an exciting time for the hemp economics, but it is also a vulnerable time where vendors, investors and consumers must be on high alert to root out the interlopers. Hemp Economics – Building a Recession-Proof BusinessBuilding a recession-proof business is understanding the market and which includes the range of consumers. Hemp has two primary consumers – for therapeutics or for recreation. That is a fairly stable recession-proof scenario because health conditions will always be in play and people always want to have fun and are willing to invest in the recreational desires. In any scenario, the investor or vendor needs to first invest in a great deal of determination and grit to make a mark in the business. There will always be pandemics, emergencies and national disasters which throw wet blankets over any business for purpose of destruction. Considering this it is important to build in “panic rooms” which will allow you as an investor or a vendor to not only survive but be better. Survivable versatility includes business elasticity, product variety, multiple sale platforms and a sustainable network of suppliers. If you want more information on all things CBD, read other posts here on our blog. BACK in STOCK -- Sour Blueberry Kush -- An amazing price of only $14.99 for a machine trimmed and hand finished with dense buds and long skinner buds with seeds. And the aroma, oh so sweet. NEW for 2021! Our new Hemp Starter Kit – Rolling tray, ½ oz of flower, grinder, wraps, tips and papers. All this for ONLY $24.99 NEW for 2021! Gotta love the convenience of hemp pre-rolls. The new hemp pre-roll is here. It is Moonrock, that is right Moonrock hemp pre-rolls at $4.99! and the pre-roll tips only $1.99 NEW for 2021! The Hemp Flower smalls have arrived in Dr. Strains CBD inventory. Hawaiian Haze, Sour Space Candy and Lifter. ½ oz for only $6.99 Dr. Strains CBD only sources its CBD bud from small hemp farms in oregon.
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AuthorAlice Walker is a full-time blogger and holds a master degree in commerce. Alice has written on multiple niches including Health, CBD, fashion and lifestyle. In her free time, she likes to read books and enjoy soft music. ArchivesCategories |