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Is Hemp The Construction Material Of The Future?

It's so versatile that we sure hope so.

Photo courtesy of Wikipedia

Montana-based, privately-owned oilseed and fiber company Ind Hemp recently built an industrial hemp decoration line worth roughly $30 million. They aim to represent the future of industrial hemp for green ingredients for cars and as a potential building material, and these goals are much closer than they appear. 

According to a study by the National Hemp Association, the U.S. only has to build 524 more of these five-ton-an-hour industrial hemp lines and processing facilities to reach a probable $32 billion economic impact from national hemp fiber by 2030.

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Photo courtesy of IND HEMP

Enter the RePlant Hemp Impact Fund, a new private-equity fund that was first announced on Saturday by cannabis executive and advocate Geoff Whaling. The RePlant Hemp Impact Fund strives to invest $500 million in supplies for industrial hemp companies to initiate business by 2030. Sub-advising the RePlant Hemp Impact Fund is Sanitas Peak Advisory.

During a presentation at the CBCWExpo at Jacob Javits Center in New York City, Whaling said that large corporations are examining hemp, but “they won’t invest if there is no supply chain.” Although it’s still in its early stages, Whaling added that industrial hemp would offer a new “cash crop for American farmers and a sustainable manufacturing input” for a wide range of related industries.

Now that many institutions are looking for ways to donate funds for global warming and reducing the industry’s carbon footprint, it looks like private investors are seeing incredible potential in the industrial hemp market to help reach these goals. Private-equity firms that had a stake in the early stages of the legal cannabis market are looking to add industrial hemp to their inventory of businesses to invest

Photo by Cameron McIntosh

In the case of future merger deals, taking companies public through initial public offerings, or special-purpose acquisition companies, these private-equity firms might find ways to exit these investments. Until then, private-equity firms are happy with industrial hemp’s usefulness to the industry, from better use of farmland and creating rural jobs to expanding products that steer away from carbon dioxide and exceed petrochemical products.

Whaling added that having access to capital is “essential to scaling the new companies” that will operate in the hemp industry. He concluded that the RePlant Hemp Fund will not only lend a helping hand to American entrepreneurs but will “supply a range of competitive options” for companies who want to replace input materials for everyday objects like paper, plastics, and cement with hemp.

November 19, 2021
Written by BuzzMusic
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November 19, 2021
Written by BuzzMusic
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