President Donald Trump signed the farm bill on December 20th, which legalized industrial hemp in the U.S.
According to Forbes, the Hemp industry is projected to grow to 1.8 Billion by the year 2020. The Hemp Business Journal projects that the CBD market will grow to 2.1 Billion by 2020.
President Donald Trump signed the 2018 farm bill, which legalized hemp — a variety of cannabis that does not produce the psychoactive component of marijuana — paving the way to legitimacy for an agricultural sector that has been operating on the fringe of the law. Industrial hemp has made investors and executives swoon because of the potential multibillion-dollar market for cannabidiol, or CBD, a non-psychoactive compound that has started to turn up in beverages, health products and pet snacks, among other products.
Industrial hemp is from the plant species Cannabis sativa and has been used worldwide to produce a variety of industrial and consumer products. Hemp is a source of fiber and oilseed grown in more than 30 nations. The confusion between industrial hemp and marijuana is based on the visual similarities of widely differentiated varieties of plants. Industrial hemp is high in fiber and low in active tetrahydrocannabinol (THC), the psychoactive ingredient in marijuana that makes some cannabis varieties a valued drug.
By law, the THC level of industrial hemp must be at or below 0.3 percent of THC. By comparison, some strains of marijuana can vary from 10% to 20%.
Industrial hemp may be an excellent rotation crop for traditional crops, because it suppresses weeds and decreases outbreaks of insect and disease problems. Hemp may also rebuild and condition soils by replacing organic matter and providing aeration through its extensive root system.
At AGQ Labs we can help the Hemp Industry with our Food Safety and Agronomy Services:
- Pesticide Residue Analysis
- Heavy Metals Analysis
- Other Contaminants
- Soil Analysis
- Water Analysis
- Tissue Samples Analysis
- Crop Nutritional Monitoring
With Crop Nutritional Monitoring (CNM) system AGQ Labs has been monitoring and evaluating the chemical needs of crops for over 25 years and we have helped clients around the world increase crop production, improve product quality and size, optimize fertilizer and water usage, control salinity and establish zero pesticide leaching methods.
AGQ Labs continuously evaluates what the crop needs at all times. Throughout the campaign we monitor the water and nutrient uptake of the crop and advise our clients on how to adjust their irrigation and fertilizers to the optimal level. This type of control also allows AGQ Labs’ clients to follow sustainable agricultural practice because leaching is minimized. The result is:
- Minimizing environmental impact
- Optimization of fertigation
- Higher quality product
- Significant cost savings in fertilizers
- Increased productivity and performance
AGQ Labs has developed an internal proprietary procedure for crop nutritional monitoring and control that is based on the analysis of soil solutions that are extracted by AGQ Labs’ patented suction lysimeter probes. AGQ Labs’ Crop Nutritional Monitoring Program is based on the comprehensive control of the Soil-Plant-Water system.
AGQ Labs’ quality seal certifies farms are using sustainable agricultural practices that guarantees the farm is using fertilizers, water, and pesticides efficiently and minimizing their impact on the environment.
Our warranty is based on the know-how accumulated by AGQ Labs during the past 20 years around the globe. At this time, AGQ Labs has reached optimal reference curves for all the main crops. Our agronomists from around the world, experts in the interpretation of this information, provide full value in irrigation and plant nutrition issues to AGQ Labs’ clients.
Please visit our website to obtain more information.