Is the Hemp Industry Still Alive?

yes, I agree

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Not saying anything against you guys, but literally every cannabis person I’ve mentioned that I’m doing industrial hemp stuff to says the same thing… and then does nothing to get involved in industrial hemp lol.

Seriously, it’s an extremely small subindustry at the moment (which isn’t good in a lot of ways - namely the lack of opportunities paying good money), but the pro is that you can make a lot of ground in a short amount of time. Just dip a toe in by going to an event or buying $100 worth of hemp hurd/fiber to play around with and you’ll get hooked.

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That is why it’s dead though…Back to the FDA not doing there job.

We all learned from 2019/2020 hemp industry, if you wanna have a legit industry, you cannot rely to just selling at headshops and gas stations…

If the hemp industry makes a return it will need FDA approval and THEN you will see the industry grow. Until then it’s just a small niche industry that is restricted.

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Brother, if I had the capital and connections, I’d totally start my own thing :rofl: but I’m just one lame ass dude, that’s why I’m looking for a simple lil job in that sector.

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eh, would you atleast agree it’s dying? i wouldn’t want a few dusty products at a gas station being the only beacon of light i have to mention.

if we look at the numbers , you profits are literally half of that from just a few years ago. what do you call that?

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Mine? nah, just had my biggest year yet. x200% growth over last year. I dont sell my products in gas stations or smoke shops.

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so you’re saying, from the hottest point for hemp (2020) you made less money, and currently in 2023 you’ve more than doubled growth and are somehow making more money than you ever have before?

that doesn’t make any logical sense, prices even at a retail standpoint are dirt cheap .the margins are ridiculously thin if you can ever manage to stay out the red .

many people on here, verified lab coats will tell you cbd / hemp is a race to the bottom and prices are reflecting that nowadays … dirt cheap cbd and delta 8 when it was 50$ per sku in 2020. now it’s 15$-20$ for the same product .

you’re obviously very bias but it’s smart to be able to see things outside your own box . but if your company can magically more than double growth in a declining , niche market, well you’ve somehow just solved a new law of business. but i call bullshit , period. @sweethemp

hemp/cbd is and always was, a fad that was hot , and now it’s not. that’s how the world works. it’s good to be able to adapt and jump off a sinking ship. but if you wanna be the captain and go down with it, have it at.

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If you aren’t crushing it in hemp retail right now it means you aren’t innovating and following the trends (backed up with quality.) Our best seller is a $70 vape SKU. Obviously it’s different in each state and I’m sure you can guess we are in a non rec state. That being said the demand for quality oils is more than ever in my market, exacerbated by the gas station garbage.

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I’ve been saying this since day 1

Hemp industry just getting started…. I think

edit- who cares

Also , am VERY curious to hear what justifies your legal 70$ vape pricing. is the oil infused with gold ??

imagine me buying a 150$ oz and selling it to some desperate 13 yr old for 800$ , just because I can, and then I have to go home at the end of the day , look myself in the mirror and attempt to convince myself , take myself seriously and not feel like a piece of shit . this is what you do everyday.

sounds like just another ā€œslangerā€ selling massively overpriced product produced with minimal skill or effort and ripping off their customers given the current market prices . next

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ā€œIts up to every man to measure his own greedā€

Someone in the godfather novel i cant remember, best guess Tom Hagan

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I just really want to hear what magical vape this clown is selling for 2x the price as all the other well established hemp slangers on google. but has the audacity to try and differentiate his product against shitty gas station product. when he’s following the same business strategy

when i as a tourist went into a smoke shop in remote islands in hawaii not even they tried to sell a singular vape for 70$ and this was a year ago .

people have no shame

but then again, there’s still scumbags selling anti wrinkle cream to 80 yr old lady’s … so i guess the bottom only gets rockier the more you look into it

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Why does it matter to you? What makes you feel so high and mighty you can try to judge another? You’re trying to get people to give you bulk thca prices for a couple oz so you can make ā€œsnowcapsā€ :dotted_line_face: where is your shame? If anyone is a clown its you guy, don’t hurt yourself falling off the imaginary high horse :face_with_peeking_eye:

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Anti-aging is an absolutely massive industry with great margins lol, are you really looking down on cosmetics manufacturers too?

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Most likey cannabis terpenes with dope selection of cannabinoids.

I love the innovation in hemp.

It way out performs the illegal cannabis markets in the states.

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because sometimes things matter to people when they have the knowledge of the truth . i’m sorry i’m not a good little drone that walks in and pays 70$ for something that isn’t worth it.

I ask why on earth it’s 70$ , ghosted by the guy that was so eager to respond to me before, and then others start with ā€œwhy do you careā€

LOL, I mean… i guess that’s a response?

more and more BS i’m reading on this forum everyday . i try to discuss a business topic and it turns into a shitpost about what I was asking about in another thread like a week ago. sad. the comment about labs never being successful like cart farm really hurt some of y’all in the last thread and again it turned into a shitpost with everyone’s response being ā€œlol you’re on cart farm dickā€ just stuff i’d expect from a 18yr old on reddit

because the truth hurts and nobody has a response that gets an edge against my point other to retort to ā€œlol didn’t you want a deal on ice caps last week that means you’re wrong hur durā€

It’s $70 because people will pay $70 for it.

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that’s just not true tho, just like how they said 2023 was their best year yet, the data doesn’t show people are paying that much . just some random guys word that is heavily invested in the topic at hand. so…