Domestic industrial hemp production was once again legalized just over a year ago with the signing of the 2018 Farm Bill, sparking a renewed interest in the crop which has long been absent from the fields of American farmers.
Market research firm, Grand View Research, Inc., estimates that the global hemp market will reach approximately $10.6 billion in annual sales by 2025.
With the hemp industry making its way back into the United States on such a grand scale after decades of absence under prohibition, there is much for farmers to learn about large-scale production of a crop that was banned for so many years.
To help bridge the knowledge gap, FC Global Strategies subsidiary FC Global Events has announced a series of hemp boot camp events scheduled to take place this year in cities located in key agricultural states across the U.S.
The first two events of 2020 will be held in Lincoln, Nebraska on February 1, and in Des Moines, Iowa on February 29.
“Until the 2018 Farm Bill, growing hemp in the United States had been illegal since 1937,” says FC Global Events CEO Jeffrey Friedland. “Because of this, knowledge regarding the plant and cultivars and strains, growing and harvesting, sales of hemp fiber, seeds, and flower for CBD have been minimal. Legal and regulatory issues are also a moving target, with roles for the US Department of Agriculture (USDA), the Food and Drug Administration (FDA), the Drug Enforcement Administration (DEA) and state and local governments.”
The FC Global hemp boot camps are geared toward hemp farmers who are interested in gaining insight as to what is, and is not working in the hemp industry, farmers who currently grow other crops but are interested in hemp, growers interested in hemp cultivation economics, and growers looking to maximize revenues by selling hemp seeds, seed oil, flower, and CBD oil.
Entrepreneurs looking for an early-to-market advantage in the rapidly-expanding hemp and CBD industries, and investors wanting to better understand the investment opportunities of hemp and CBD are also encouraged to attend the boot camps.
Friedland says that the hemp boot camps, with a focus on the financial aspects of growing hemp, will enable anyone who is currently growing hemp, or wants to grow it, to gather the tools and knowledge to succeed as an early-to-market player in what is quickly becoming a major American agricultural crop.
UPCOMING FC GLOBAL BOOT CAMP EVENTS
Saturday, February 1, 2020 – Lincoln Nebraska
Saturday, February 29, 2020 – Des Moines, Iowa
Saturday, March 14, 2020 – Wichita, Kansas
Saturday, March 28, 2020 – Indianapolis, Indiana
Saturday, April 4, 2019 – Springfield, Illinois
Saturday, April 25, 2020 – Columbia, Missouri
