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Alberta Hemp Industry Set for Big Boost with New Cannabis Laws

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Alberta Hemp Industry Set for Big Boost with New Cannabis Laws

June 18, 2018, Alberta

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A Billion Dollar Industry Set to Rise – Image powered by Marijuana.com

The Canadian Hemp Trade Alliance has predicted that due to the astronomical demand of hemp and cannabis, the revenue from the industry will be through the roof. Early estimates that the Cannabis Act, will ensure that hemp producers manage to create a $1 billion industry in Canada in the next 5 years. The international sale of CBD products will help the industry generate a lot of revenue, and this is just the boost that the economy of Alberta had been waiting for because of their large-scale hemp production. Make no mistake, this is the best news that the Alberta Hemp Industry has had for a long time, and they are all set to cash in on the astronomical figures they will be raking in soon.

The value that they will be getting from the help plant has already been given a name, it has been dubbed as the ‘green gold rush’. However, there are warnings issued out to hopeful investors and entrepreneurs looking to get into the business, to not crowd the market with low quality products. Everyone wants to make money, but most people didn’t manage to find a lot of gold during the gold rush, so it is important that people understand that there are going to be few winners.

The post Alberta Hemp Industry Set for Big Boost with New Cannabis Laws appeared first on I Love Growing Marijuana.

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