On December 12th Congress passed a sweeping $867 farming bill that will legalize hemp production in the United States. Experts believe that the burgeoning industry could be worth upwards of $20 billion by the year 2020. Which means that there is going to be a lot of opportunity for investment and a growing demand for agricultural building kits.
Until the passage of this bill hemp production was limited only to research and to certain government sponsored pilot programs. Yet widespread industrial production of the crop was impossible. However, advocates for hemp, and its many uses, have been petitioning for years to have government regulations cut back, or outright removed, and with this win they are now able to realize the crops full potential.
Infrastructure Needs for the Hemp Industry
One thing that can be said for certain with the legalization of hemp is that the industry is going to be in need of building infrastructure for the growing, storing, and distribution of the crop. This means that buildings of steel and agricultural building kits will more than likely be in high demand over the next few years. This is something that was seen when marijuana cultivation was made legal. And many upstart companies were in need of agricultural buildings kits in order to grow their crops. They found in these metal buildings an easy and cost effective way to grow their cash crops. And due to the fact that agricultural building kits are easily constructed and expanded, they were a perfect match for the growing marijuana production industry.
Considering the fact that it is suggested the industrial hemp should be grown indoors, so that the conditions can be monitored and regulated, prefab metal buildings or any buildings of steel are truly the only real choice for the infrastructure needs of the hemp industry.
The Hemp Industry of Today
As it currently stands the hemp industry in the United States today produces revenues of around $800 million a year. A majority of this revenue comes from CBD, which is the non-psychoactive compound in the hemp plant that has be shown to help with a number of medical and psychological issues. Many have lauded the compound as a miracle product of sorts. As they say that it can help with everything from anxiety, to pain and seizures.
Given that the CBD market has exploded this year and with it the number of prefab metal buildings that were purchased, we can expect that the new farming bill will only help increase this growth. Also hemp will at some point become an agricultural commodity. This means that Wall Street will be able to invest institutional funding into the crop, which will only help to increase revenue.
For those who are interested in getting into the hemp industry, once they have done their due diligence on the investment and the crop, should then begin to look for buildings of steel that they can use to grow hemp. It would be wise to look into prefab metal buildings as they offer the easiest and most cost effective way to get growing as quickly as possible.
Purchase Prefab Metal Buildings Today
Our goal at Titan Steel Structures is to give you the easiest building solutions without compromising quality, so if you are in the interested in learning more about the benefits of buildings of steel or agricultural building kits then give us a call today at 1-888-807-6006, or request a free quote online. Titan Steel Structures’ expert and knowledgeable staff are available Monday thru Friday from 9:00am to 6:00pm. We’re here to serve and guide you through the building selection process.