Hemp: A New Look At An Ancient Crop
Food Security Hawaii recently reported to the Mayor’s office on Sustainable Material as a result of a grant. This research report will demonstrate why hemp, a pioneer plant, ought to be a mainstay crop on Maui, as we continue our work we strive to share the progress with all our supporters and followers.
This is the first in several blogs highlighting the research around hemp, hempcrete, hemp hurd and more.
Recognized as a super accumulator it could have a significant role in clearing the pollutants from Lahaina's soils. It is also perfect for revitalizing Maui's agricultural areas, returning them to a productive and fertile state. Hempcrete can be used to build one house for every acre planted to industrial hemp. We can establish a new industry on our island that will replace multiple imported consumer products and produce construction materials with as little as 750 acres of hemp. In a typical crop cycle, hemp produces feed for a new chicken business based on Black Soldier Fly Larvae and also helps to prepare the soil for the next crop. It's fascinating to consider the possibility of developing an industrial hemp-based regenerative economy on Maui!
Market Trends
The global industrial hemp market reached $5.4 billion USD in 2023 and could increase to $19.7 billion by 2032. The legalization of hemp product sales and hemp farming in several countries across the world is a prominent factor that is expected to drive the shipments of hemp-based products over the coming years. New regulations and norms implemented by governments of different countries will crucially determine the future of hemp-based product demand.
Hemp is Growing Acceptance and Legalization:
Many countries including the United States, continue to legalize and regulate the cultivation of industrial hemp, leading to increased acceptance of hemp-derived products.
Expanding Product Range:
The industrial hemp market saw a diversification of products beyond traditional uses. Hemp is increasingly being utilized in the production of textiles, construction materials, biofuels, and more.
CBD Market Growth:
The cannabidiol (CBD) market experienced significant growth. CBD, derived from hemp, gained popularity for its perceived health and wellness benefits, leading to an increase in CBD-infused products.
Investment and Mergers:
Investments and mergers in the hemp industry were observed as companies sought to capitalize on the growing market. Larger corporations entered the space, bringing both capital and expertise.
Quality and Standards:
With increased consumer awareness, there is a focus on quality control and standardized testing for hemp products. Companies that adhered to high-quality standards gained trust in the market.
Sustainability and Eco-Friendly Practices:
The hemp industry emphasizes sustainable and eco-friendly practices. Hemp is known for its low environmental impact and is positioned as an environmentally friendly alternative in various industries.
Challenges in Regulation:
Despite progress, challenges related to regulatory frameworks persist. Clarifications on regulations regarding hemp-derived products, especially CBD, are being sought in various jurisdictions.
Public opinion on the hemp plant can vary, as it is influenced by factors such as cultural, political, and economic considerations. Here are some general trends in public opinion of hemp:
Positive Views:
Economic Benefits: Many people see hemp as a versatile and sustainable crop with various industrial uses. It can be used for building homes, to remediate the soil, make textiles, paper, and bio plastics, and much much more.
Health and Wellness: Some individuals view hemp positively for its potential health benefits. Hemp-derived products, such as CBD (cannabidiol), are popular in the wellness industry.
Concerns and Controversies:
Association with Marijuana: Hemp is a variety of the Cannabis sativa plant, leading to concerns and misconceptions due to its association with marijuana. However, hemp contains low levels of THC (tetrahydrocannabinol)-less than 0.3% , the psychoactive compound found in marijuana.
Regulatory Issues: The legal status of hemp varies globally, and in some places, regulations might be unclear or restrictive.
Environmental Considerations:
Sustainable Agriculture: Hemp is often praised for its ability to grow with minimal pesticides and fertilizers, making it a potentially environmentally friendly crop.
Carbon Sequestration: Some see hemp as a plant that can help sequester carbon dioxide, contributing to environmental sustainability.
Hemp's ability to extract metals from soil with its deep roots, combined with its commercial prospects, make it an ideal candidate as a profit-yielding crop when used for phytoremediation purposes.
Cultural and Historical Perspectives:
Historical Use: Hemp has been used for centuries for various purposes, including textiles and rope-making. Some view it with historical significance and cultural value.
Policy and Legal Issues:
Changing Regulations: Shifts in legal frameworks regarding hemp cultivation and use can influence public opinion. The legalization of hemp in various places has led to increased interest and acceptance.
Attitudes toward hemp will continue to change as awareness grows and new information becomes available.