How Industrial Hemp Could Drive Growth In The Cannabis Industry

Nonetheless, while such research reports provide a snapshot guidance as to where the cannabis industry is at and is heading, a lot could change in the next few years especially if more cannabinoid products receive FDA approvals in the U.S., and from other regulatory bodies around the world.

Furthermore, unlike medical cannabis, very few companies operating in industrial hemp have managed to go public, particularly via the OTC markets led by the likes of Hemp Inc. (OTCMKTS: HEMP) and the Canadian-based Global Hemp Group (CNSX: GHG). This makes the market relatively harder for some investors to gain access thereby threatening to curtail the current growth. 

Conclusion

In summary, medical cannabis will continue to be the main highlight in the cannabis market purely based on the market size and industry projections. However, industrial hemp appears to be gaining traction and given the fewer bottlenecks involved in launching a product to the market growth prospects are becoming more realistic by the day. 

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Disclosure: No position in companies mentioned in this article. Investors should be wary of thinly traded micro-cap stocks mentioned as they have high-risk thresholds. Industry research reports ...

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Weed Investor 1 year ago Member's comment

Has your opinion changed at all since writing this article?