BOULDER, Colo. – iHEMPx (International Hemp Exchange), a leader in the global hemp industry, is proud to announce a robust 2020 line-up of high-CBD feminized hemp genetics for the upcoming season.
Hemp has been called a “wonder plant,” due to its thousands of potential applications, including fiber, rope, textiles, building materials, grain, hemp oil and CBD. Experts predict the market for hemp-derived cannabidiol (CBD) will reach $23.7 billion by the year 2023 – up from approximately $5 billion in 2019.
Enormous consumer interest in CBD led to a big leap in the quantity of hemp planted in the United States in 2019 – estimates are from 78,000 acres in 2018 to 285,000 acres this year.
While approximately 95% of the hemp grown in the U.S. today is feminized to maximize CBD and CBG extraction, the ratio is likely to change over the coming 3-5 years with more production focused on nutritional hemp grain. iHEMPx anticipates that more farmers will also be growing hemp for fiber in the next few years, as the fiber market expands in the United States.
Mike Leago, Founder of iHEMPx and COO at High Grade Hemp Seed shared, “It’s crucial to work with reputable partners and proven genetics to get the best results. This means growing only certified, environmentally-safe genetics that are not only reliable in terms of feminization and germination, and vigorous in the field, but are also engineered to deliver compliant THC levels in third party testing.”
All seeds and starts should be properly feminized to avoid the appearance of males (if growing for CBD oil) to minimize loss from pollination. High-quality genetics also increase the chances of a high germination rate, so farmers waste less money on seeds, trays, soil, and labor starting seeds that don’t germinate.
iHEMPx works with only the best hemp genetics with a demonstrated track record for compliance, feminization rates and germination rates.
High Grade Hemp Seed is their exclusive genetics partner and the two companies are committed to producing world-class hemp cultivars with proven field performance and cannabinoid levels. High Grade tests all of their varietals on their own farms prior to selling them to customers, and they have field-tested and validated feminization rates over 99.98% and germination rates well above 95% in most cases.
Now is the time for hemp farmers to see maximum returns from their farm operations – and smart farmers are doing everything they can to assure a successful, healthy crop. That includes sourcing only the highest quality hemp seeds.
As the largest cultivar of feminized hemp seeds in the United States, High Grade has a five-year track record of unmatched success for compliance and crop performance and is the original breeder of high-quality hemp strains like Berry Blossom, Cherry Wine, and Trophy Wife.
This powerhouse partnership will allow the iHEMPx team to produce and sell hundreds of millions of hemp seeds to farmers around the world in 2020. To explore 2020 hemp seed offerings, visit: https://ihempx.com/high-cbd-feminized-hemp-seeds/.
iHEMPx (International Hemp Exchange) serves the hemp industry through genetics, education and supply chain connectivity. Founded in Colorado in 2016, iHEMPx has a stellar track record of providing top-notch, localized sales and service. They work with best-in-class partners to bring products, services and expertise to domestic and international clients around the world, from farmers to processors to manufacturers. The company exclusively produces and distributes High Grade Hemp Seed genetics, the most superior seeds available, and provides support and education to help farmers turn those seeds into highly profitable crops.
For more information on iHEMPx’s 2020 offerings of high-CBD feminized hemp seeds, visit www.ihempx.com or call #877-FARM-HEMP (327-6436).