It is a racing certainty that businesses have an important role to play in preventing climate change. But businesses are predicated on profits, and not long ago, entrepreneurs considering businesses that incorporate climate solutions were thought to be “hare-brained”. However, things have been changing gradually. Ever since the recent re-emergence of the trillion-dollar crop – hemp, dispositions are starting to look good for both climate and entrepreneurs.
Entrepreneurial Advantages
Hemp is the common name for the species Cannabis sativa L., which encompasses other sub-species some of which are also used to produce the narcotic substance Marijuana. But, from an industrial perspective, hemp is also known to have about 25,000 applications, which means it can be used to produce something for everyone.
Considering the low input costs owing to the plant’s independence from pesticides, fertilizers and care, cultivation of hemp forms an excellent value proposition. In further support of its case, with an exceptionally high yield of about 10-15 tons of biomass, it is approximately 4 times more than that of forests, at a fraction of the cost.
Hemp Applications and Innovations
Hemp is one of the earliest cultivated crops and was used to produce cordage, food, clothing and so on. [Read more at Entrepreneur]
