The Hemp Revolution 99% of Investors Are Missing | Brett Worley DSH #1081
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What is MC Nutraceuticals and its role in the hemp industry?
So we got Brent here, just met him at Amfest. Could you please introduce yourself? Sure. My name is Brent Worley. I'm CEO, founder of MC Nutraceuticals and Vivamoo.com. We're the largest raw material provider for hemp cannabinoids in the world. We supply 30 countries. We're a US base out of Denver. And we sell 46 different cannabinoids that are used for functional relief, recreational purposes, and...
How did Trump's policies impact hemp legality?
You know, it's a product similar to marijuana that was descheduled by Donald Trump in the Agricultural Approval Act of 2018. And it's an industry that's blossomed to about $30 billion since then. Wow. Do you think Trump will legalize federally marijuana this term? You know, I'm in government relations, so obviously I want that. And we're going to lobby for full descheduling of cannabis, but... You know, in 2018, a lot of people don't know that he did deschedule cannabis. It was just called hemp. So anything over 0.3% Delta-9-THC, which is what people think of as marijuana, or even cannabis, is still a Schedule 1 narcotic. But we're able to derive 46 cannabinoids from the hemp plant, such as Delta-8-THC, which is a very common...
cousin of Delta 9 THC that we can sell in smoke shops and gas stations and online across the country. So he's already descheduled it to 90%. We just need to go that one inch farther. And I think there's a couple bills in Congress that we're trying to push through, but I think eventually Trump's a businessman and it's, you know, a $200 billion market in the U.S. Yeah. And then abroad, we can also, we have the infrastructure to manufacture and export it to Europe and Asia and South America and places alike. So it makes sense for us to be the manufacturing powerhouse of the entire world. You know, my company set up to supply, this year we'll do about 15 billion 10 milligram doses. So we supplied the world three times over or twice over. Yeah.
You know, we have that infrastructure in order to supply the marijuana trade, the illicit trade, which is a $75 billion industry, and then also internationally. So we're in 30 countries. We have facilities in the Netherlands, the Czech Republic, and Ireland. When you say illicit trade, is that the black market you're talking about? Correct. $75 billion? Yes, $75 billion. So marijuana...
What is the size of the hemp market and its potential?
So the Schedule 1 narcotic is $30 billion, but that's legal in states, right? Including this one. And then you have an illicit market of about $75 billion, which most of it's ran on the West Coast. So you got California, Oregon, Washington, Oklahoma even is a huge illicit market. And then you got the hemp market, which is about another $30 billion. So you got about $150 billion right there overnight of market share. And then you got another $200, $300 billion in Europe because it's bigger and it's probably consumed more. So you got a $400 billion market and that's just the consumption market. You know, hemp has all these other things, energy, feed, you know, all these things we're relearning.
You know, we used to pay the British crown in hemp. Yeah. You know, so we're relearning kind of all these uses for the consumption market. And then also, you know, we got people working on jet fuel, batteries, all these other things that you could kind of compare to the petrochemical industry. You know, I forecast the entire cannabis market to be about a trillion dollar market in 20 years. Wow. I didn't know you could use hemp for jet fuel. Yep. There's a lot of private jets. I got a phone call the other day. He goes, we're at parity. Could you scale it? He goes, yeah, we're going to buy a refinery. I was like, I want it.
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Chapters
6 chapters
1
What is MC Nutraceuticals and its role in the hemp industry?
0:26β0:50
2
How did Trump's policies impact hemp legality?
0:50β2:32
3
What is the size of the hemp market and its potential?
2:32β3:36
4
What alternative uses does hemp have beyond consumption?
3:36β4:32
5
How can hemp be used in animal feed and agriculture?
4:32β5:46
6
What is Delta-8 THC and its legal status?
5:46β8:32
Speakers
1 identifiedMore from Digital Social Hour
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