Significant financial returns are still elusive for many hemp-products manufacturers, with only 8% of respondents to the Hemp Industry Daily survey saying their companies were “very profitable” in 2020.
But the segment is getting there, with one-third of processor respondents noting their businesses were “somewhat profitable.”
At the same time, 42% of respondents said their operations still remained unprofitable.
A key difference when it comes to profitability appears to be the size of the operation. The more-profitable players tend to be the larger organizations, which are also putting more capital into the business to get the larger returns. They also are likely to be more established with more operational experience in this space.
More exclusive intelligence about the hemp industry is available in the Hemp & CBD Industry Factbook 2021 Edition. It’s on sale here.