Businesses selling hemp products are feeling as high as a kite. Way higher than expectations.
Results reported from the market players show that their overall revenue growth is running at more than 20 percent year on year, meaning they are taking in plenty over two hundred million crowns in a year.
Among the drivers of growth are sales of cultivation technology, hemp cosmetics and hemp construction materials. “If hemp was to be [entirely] legalised, we would in the Czech Republic have takings of billions,” said Lukáš Běhal, founder of the Cannafest trade fair, the seventh edition of which took place in Prague last week.