In December of 2018, the Farm Bill removed hemp from being a controlled substance. This opened the floodgates for hemp-based businesses to form and thrive.
Sunjoined CEO Lamar Wilson, a seasoned entrepreneur, saw how hemp could become the economic engine for the numerous dormant family farms in the US.
Sunjoined is a nationwide network for the hemp industry that seeks to create efficient supply chains and increased interest in hemp-related products.
Through the equalizing power of a strong network, Sunjoin believes it can revitalize small scale farming by providing them the leverage they need to face off against larger agricultural corporations.
The Future of Sunjoined
Only 4 months into existence, Sunjoined is already in 6 states, representing over 2500 acres of capacity, with numerous inquiries to join coming in.
CBD (a hemp product) is set to be a $22B industry by 2022.
Being a young industry, CBD is ripe for innovation and also in dire need of standardization, two things that a network structure can provide.
Sunjoined’s aim is to follow the model set by Uber, who has become the largest taxi company in the world while not owning a single taxi. In like manner, Sunjoined seeks to become the largest supplier of hemp-related products, while still providing farmers in their network to maintain control of their farms.
What Interested Investors Need to Know
Three things that investors should take note of:
- Timing: Hemp, especially CBD, is a booming business. Sunjoined is choosing the right industry
- Available resources: There are countless family farms throughout the US that are ripe for growth should a sustainable economic model prove viable.
- Groundswell: In a few short months, Sunjoined already has 700+ people who have signed up or expressed interest in being part of the Sunjoined network.