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5 Business Takeaways From The 2019 Hemp Industry Daily Forum

Have a sales plan. Consider hemp markets beyond the flower. And get ready for a bumpy ride.

Those were among the many business takeaways from the 2019 Hemp Industry Daily Forum on Tuesday at the Las Vegas Convention Center during MJBizCon Week.

The forum drew more than 500 entrepreneurs from all sectors of the hemp supply chain to learn strategies for success in the fast-moving hemp industry.

Nearly a year after hemp was legalized by the 2018 Farm Bill, the new crop is undergoing seismic market shifts that have established hurdles for even nimble, established operators.

1. Work itThe staff of Hemp Industry Daily boiled down the day of education and networking to five expert tips on navigating the uncertain market:

The fiber market for hemp is showing real potential, but producers and processors must brace for intense legwork to make deals happen.

Claire Crunk

Claire Crunk, founder and president of Tennessee-based Southeast Hemp Fiber, said that textile purchasers are interested in domestic hemp components.

But they need education and personal outreach before buying.

“You have to hit the pavement and talk to everyone along the supply chain,” she said.

Major manufacturers are going to need samples before considering hemp components, and they need to know that the hemp can be produced at scale, she said.

To Read The Rest Of This Article By Staff on Hemp Industry Daily

Published: December 11, 2019

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