Hemp is a versatile crop used for various products, including food, fuel, fiber, and CBD oil. Its popularity has dramatically soared over the past few years as the demand for natural and sustainable products has increased, coupled with society’s evolving views on cannabis. With so many different hemp-derived products on the market, it can be hard to determine which are the most profitable.
CBD oil is the most popular and profitable hemp product on the market today. CBD, or cannabidiol, is a non-psychoactive cannabinoid compound found in cannabis, and it has many potential health benefits. It’s been shown to relieve common root causes of pain, anxiety, and inflammation. It’s also studied for its potential to treat other medical conditions, supplying research to back its use.
CBD oil can be consumed in many ways, including smoking dried flower, using sublingual drops, applying topical products, consuming edibles, and even inhaling vapes. Because it’s non-psychoactive, unlike THC, it’s legal in all 50 states after the Farm Bill of 2018. This makes it an excellent option for consumers and producers.
From a hemp agriculture perspective, CBD oil is also one of the most profitable hemp products. It takes relatively little hemp to produce a large amount of oil, and as demand for CBD oil continues to grow, so does the price farmers can get for their hemp. As a result, CBD oil is a great option to explore for any farm looking to get into the hemp business and turn a profit.
Hemp seeds are another popular and profitable hemp product. They can be used to make various food products, including hemp milk, protein powder, and granola. They’re also a fantastic source of omega-3 fatty acids, making them a healthy addition to any diet.
From a production standpoint, hemp seeds are relatively easy and inexpensive to grow. They don’t require much water or land, and they have a short growing season. This makes them an attractive crop option for small farmers or those just starting the hemp business.
Hemp fiber is the world’s longest, most robust, and most durable natural fiber. It is used to make clothing, rope, paper, and more. Hemp fiber is also used to make composite materials like hemp concrete. These applications require a great deal of hemp, which has manufacturers of this product searching for the most efficient way to either grow and harvest it or source it from others.
Hemp fiber is typically sourced from the hemp stalk’s bast, or outermost layer. However, this part of the plant is strong and woody, making it challenging to harvest. As a result, hemp fiber is typically sourced from larger farms with the equipment and labor necessary to harvest it efficiently. With the proper infrastructure, hemp fiber can be a very profitable hemp product.
Hemp biomass is the leftover plant material after oil, fiber, and seeds have been extracted. This material can be used to make various products, including animal bedding, mulch, and fuel. It can also be used to make CBD products, as the CBD can be extracted from the biomass.
From a production standpoint, hemp biomass is a wonderful way to use the entire plant. By utilizing biomass, farmers can increase their profits while also reducing waste. Because hemp biomass can be used to make a variety of products, it’s a versatile hemp material that can be adapted to the needs of different markets.
Hemp flower is the unprocessed, flowering tops of the hemp plant. It can be used to make a variety of products, including pre-rolled joints, CBD oil, and edibles. Hemp flower can also be smoked or vaporized for its CBD content.
Hemp flower is typically harvested from female hemp plants that are grown for their CBD content. These plants are carefully cultivated to produce high-quality flower rich in CBD. Hemp flower is a premium product, and as such, it commands a higher price than other hemp products. For farmers looking to maximize their profits, hemp flower is a great option. In 2020, it was reported that some farmers earned approximately $27,000 per acre from hemp flower.
Hemp grain is not a true grain like barley or flax, but the encased seed of the hemp plant. It is a nutritious and versatile product that has a variety of applications. Hemp grain is grown when the various flowers cross-pollinate. The resulting plant is then harvested, and the grain is separated from the rest of the plant. The grain is then cleaned and hulled.
Hemp grain is a rich source of protein, essential fatty acids, vitamins, and minerals. It is also a reliable source of fiber. Hemp grain can be used to make a variety of different food products. For example, it can be ground into flour and used to make bread, pasta, and other grain-based foods like cereals and snacks.
Hemp grain can also be used to make animal feed. It is a good source of nutrients for livestock and can help improve animal health and digestion. In addition, hemp grain is a frequently-used source of bedding for animals.
Can You Make Money Selling Hemp?
Yes, you can make money selling hemp. Hemp is a versatile crop that can be used to make a variety of increasingly popular products. Because the growing demand for hemp products is not showing any signs of slowing down, now is a fantastic time to get involved in the hemp industry.
If you’re interested in selling hemp, the best way to do so is to connect with a buyer who is interested in purchasing your crop. There are several different ways to do this, and we’ve outlined a few.
Selling Hemp Directly to Buyers
You can sell your hemp crop directly to buyers. Buyer groups typically include people who want to use the hemp to make their own products or those who want to create their own line of hemp-based products and then sell it to other businesses or consumers. To locate potential buyers, you can search online, attend hemp trade shows, or network with other farmers. People with buying influence are typically located in states where hemp is already legal and are proactively searching for new sources of hemp.
Selling Hemp to Processors
You can also sell your crop to processors. Processors purchase hemp from farmers and then process it into a variety of products, including CBD oil, hemp seed oil, and hemp flower. Processors typically sell their products to wholesalers, who then sell it to retailers. Establishing a relationship with a processor is a fantastic way to ensure a steady buyer for your crop that can continue to yield profits for years to come.
Selling Hemp to Retailers
You can also sell your hemp crop directly to retailers, including both online and brick-and-mortar stores. Online retailers typically sell CBD products, while brick-and-mortar retailers typically sell hemp-based products, such as clothing, paper, and rope. One of the best ways to find potential retail buyers is to search online for retailers who sell hemp-based products. Sometimes their website will specifically state that they are looking for new sources of hemp. If not, leveraging a ‘contact us’ page or sending a cold email is a terrific way to introduce your products and attempt to start a conversation.
Selling Hemp at a Farmers’ Market
You can also sell your hemp products at a farmers’ market. Farmers markets typically sell a variety of local food items and crafts. The average patron at these types of shopping events is interested in buying local and supporting their community. To capitalize on the spirit of these types of markets, display that your products are locally grown and sourced prominently. You can also create marketing materials, such as flyers or postcards, that you can leave at local businesses in the area to attract attention to your products.
Selling Hemp Online
You can also sell your hemp products online. This allows you to reach a global audience of potential buyers. When selling online, creating a professional and appealing website is important. You’ll also need to invest in marketing your site to attract visitors. Once you have built a customer base, you can also start selling through online marketplaces like Etsy or Amazon.
No matter how you choose to sell your hemp products, there is a good market for this versatile plant. With the right buyers, you can make a good profit from selling hemp that is sure to continue growing and fueling your business for years to come.
Is There Demand For Hemp?
The demand for hemp is increasing as more people learn about the benefits of this versatile plant. The industry is not showing any signs of slowing down, as the market for hemp-based products is expected to grow at over 6% CAGR (compound annual growth rate) from 2021 to 2027. Most experts agree that this growth is the result of the legalization of hemp in more and more countries, as well as an increasing awareness of the health benefits of hemp-based products.
This increasing demand has led to a corresponding increase in hemp prices. The price of hemp has more than doubled in the last year and is expected to continue to rise as the demand for this product increases. This makes hemp an appealing crop for farmers looking to profit from this growing industry while simultaneously feeling good about producing a sustainable and environmentally friendly product that serves an important purpose.
Jenny Weatherall is the co-owner and CEO of Eminent SEO, a design and marketing agency founded in 2009. She has worked in the industry since 2005, when she fell in love with digital marketing… and her now husband and partner, Chris. Together they have 6 children and 3 granddaughters.
Jenny has a passion for learning and sharing what she learns. She has researched, written and published hundreds of articles on a wide variety of topics, including: SEO, design, marketing, ethics, business management, sustainability, inclusion, behavioral health, wellness and work-life balance.