From hemp field days to hemp expos and even hemp festivals, every event about industrial hemp seems to be attracting large numbers of people who are interested in growing this trending crop, but it appears that not enough forethought was allocated to what would happen once the crop is harvested and dried.
Approximately 75 percent of all the hemp that is grown in the U.S. is for the extraction of CBD, but a huge number of people who get into the industry seem to be on the cultivation side of things.
Colorado has had a head start on the rest of the country in growing and processing hemp since it legalized CBD years ago, and this state is now minting money from those who want hemp seed, clones and processing equipment.
In many states, the harvest season is on and some farmers have already started selling their harvest. The challenge is, there may not be enough processors to take on all the hemp that has been grown given the statistics that show that the amount of land on which hemp is grown has more than quadrupled.
According to an equipment supplier in Colorado, many people have realized that there is a need for hemp processing equipment so that CBD can be extracted from the plant matter and the finished product can be taken to the market.
Those people who see the viability of processing hemp to extract CBD are now falling over each other in a bid to get processing equipment and start making money. One cannot blame such people, because the biggest gains are likely to be made now when there is on ongoing shortage of hemp and CBD on the market.
According to the Colorado equipment seller, the people who want the processing equipment want it now, but there is a problem.
Of all the extraction equipment that the equipment seller has tested, one particular piece of equipment seems to be head and shoulders above all the others, and each expo or hemp day where this equipment has been demonstrated has attracted massive buyer interest.
The problem is that the manufacturer of that equipment is so overwhelmed by the current orders that they are asking for a lead time of at least 24 weeks to deliver the equipment. That is approximately six months, and yet hemp is being harvested in various states now, and the harvest season is going to peak in the coming month or two.
It appears that only those who foresaw the demand for extraction equipment will earn top dollar this season, and some farmers may have to sell their crop at a lower price due to the shortage of processing equipment.
Industry experts are convinced that entities like Green Hygienics Holdings Inc. (OTCQB: GRYN) and Hemptown USA may be feeling sorry that not enough people planned to be processors and yet that may be where the real money is to be made.
About HempWire
HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.
To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.hempwire.com
Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.hempwire.com/Disclaimer
Do you have a questions or are you interested in working with HW? Ask our Editor
HempWire (HW)
Denver, Colorado
www.hempwire.com
303.498.7722 Office
Editor@HempWire.net
