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Live Desert Holdings Corporation

The industrial Hemp Market is projected to grow at a CAGR of 35% from USD 4.6 billion in 2019 to USD 26.6 billion by 2025. The growth of this market is attributed to increased consumption of Hemp based products due to their various health benefits and aid in managing conditions including, but not limited to the following: epilepsy, sleep disorders, pain, depression, PTSD, neuropathy, and anxiety. In addition, the positive effects bode well for both humans and animals. Increasing focus on selecting hemp varieties with low and immeasurable THC content, use of developed equipment during cultivation and processing of these crops, providing technical support to the growers, and establishing contracts with the farmers to support cultivation, processing, and use of these products plays a significant role in achieving a major market share.

Hemp is not simply good for the body and mind, but Hemp byproducts offer eco-friendly options most people have never heard of. Welcome to Hempcrete, a sustainable way to build houses. Hempcrete, also known as Hemp Lime, is an eco-friendly byproduct of the Hemp plant which is gaining attention in the construction industry. Hempcrete is waterproof, fire-proof, pest-resistant, and completely recyclable. Moreover, hempcrete regulates the temperature and humidity of buildings as well as absorbs a large amount of carbon dioxide due to its breathable nature. Being so lightweight and versatile in nature, this material can be considered the ideal alternative to traditional building materials.

The global Legal Cannabis market is valued at USD 17.7 billion in 2019 and is expected to expand at a significant CAGR of 18% over the forecast period. The rise in the legalization of Cannabis (marijuana) in the US and worldwide is one key factor driving market growth, but a more significant factor is the use of Cannabis products for medical purposes. Like Hemp products, Medical Cannabis is used for a wide range of chronic conditions, including, but not limited to, arthritis, neurological conditions such as anxiety, depression, epilepsy, Parkinson’s, and Alzheimer’s Disease. As the demand increases, as well as the ongoing research and development linking additional benefits, the growth of the Cannabis Market is astounding. For instance, according to the World Health Organization (WHO), cancer is the second leading cause of death worldwide. As more and more people are burdened with the chronic pain and side effects associated with cancer and cancer treatments, they are desperate to find methods other than opioids to manage the pain and treatment side effects. Medical Cannabis is and has been that alternative for millions of people that choose to deviate from traditional opioid usage which has proven to have unwanted and long-lasting devastating effects on the body and mind.