Our modern world is built on plastic. Plastics have made our lives healthier, more comfortable and more convenient. Unfortunately, they’ve also damaged the planet horribly.
Right now there’s a patch of plastic waste the size of Texas floating in the Pacific Ocean. Oil-based plastics can take decades to break down, centuries even. Some may never fully disintegrate.
We can recycle plastic, true. But most of it ends up in landfills or the ocean, poisoning our land and water with harmful chemicals. But there is a solution. And believe it or not, we’ve known about it for centuries…
This wonder crop has dozens of uses ranging from biofuel to packaging. It can also be turned into a biodegradable plastic. Even better, hemp plastic can be as strong as steel and a fraction of the weight.
The massive failure known as the war on drugs outlawed hemp. It kept the crop suppressed simply because it’s a cousin to the psychoactive marijuana plant.
But just like its psychoactive relative, hemp is well on its way to legalization. As of December 2018, it’s legal for cultivation. It’s still heavily restricted, but for first time since the 1940s, hemp can be grown legally in the United States.
Hemp also grows rapidly. It takes only four months to go from seed to harvest. It’s renewable, unlike petroleum. And it doesn’t contain the harmful chemicals that oil does, which can cause cancer and disrupt the body’s hormone production.
Hemp plastics can replace their oil-based counterparts in automobiles, food packaging and construction materials.
Companies like Daimler AG (OTC: DDAIF) and Volkswagen (OTC: VLKAY) have begun using hemp plastics in their cars. Lotus built a concept called the Eco Elise that uses all hemp body panels. The interior, from the seats to the dashboard, was also made from hemp.
Sound far-fetched? It isn’t. Henry Ford experimented with a car that used soybean-based bioplastics in the 1940s.
Hemp-based plastics are dent-resistant, more flexible than carbon fiber and biodegradable. They’re rust-proof and safer in car accidents. And they don’t shatter and make shrapnel like modern car plastics.
Researchers in Australia and England experimented by replacing metal and plastic car parts with a hemp substitute. Doing this reduced the car’s weight by 30% at no cost to structural integrity! And that’s just one use of this miracle plant.
CBD oil and the medicinal uses of cannabis are big right now. But the former could just be a fad. Industrial hemp, like what Hemp Inc. (OTC: HEMP) produces, offers a viable alternative to petroleum-based plastics.
Hemp lets us keep the convenience of our plastic world without the drawbacks. That could be very good for your portfolio if you buy in now while most of these companies are trading for just a couple of dollars or even pennies.