Letter from the Founder

Greetings and thank you for stopping by the Hemp Business Journal website. I’m delighted you found us.

In 2014 a small but committed group of business professionals got together at the “Hemp Zone” during the inaugural Cannabis Capital Summit at Mile High Station in Denver. We discussed the state of the industrial hemp industry. We found the industry was lacking the business information and market data that entrepreneurs, investors and legislators rely on to make critical decisions. We noticed there was a mounting pile of information for the legal marijuana industry but being business leaders focused on industrial hemp and CBD, (i.e. not THC, the psycho-active ingredient in cannabis) we knew we needed to chart course to build reliable data for those focused on hemp, not marijauna. That was the day we planted the seed that started Hemp Business Journal. 

As the managing partner at Miracle Ventures, I discovered there were some great investment opportunities in the emerging hemp industry. I starting investing in hemp companies but quickly learned there was no reliable market data to use for making informed decisions. I became determined to solve this “missing reliable data and strategic business information” problem by hiring a team of researchers and analysts. And so, the seed we planted began to grow.

Our mission took on a sense of purpose and urgency when I read the United Nation’s Sustainable Development Goals for 2030. I looked at these goals, scratched my head a few times, and thought, gosh, hemp can be used as a solution to many of these global problems. I became further convinced when I read Pope Francis’ Encyclical, Laudato Si’ – On Care for Our Common Home, that hemp was a missing key in building an integral ecology across nations. Hemp is a sustainable crop. It regrows every four months, saves water, saves trees, sequesters carbon, feeds people, heals them, and reduces our reliance on petrol-chemicals. What other plant does that? (Seriously, if you know of one, tell me).

The Catholic theologian in me liked Pope Francis referring to “Care for Our Common Home”—so we named the parent company behind Hemp Business Journal in tribute to it: Common Home Media, Inc. The company was in the second class of Canopy Boulder and we set out to bring value, data, market intelligence to business leaders, investors and change makers.

From then on we did our own primary research. Conversations turned into interviews, emails turned into surveys, piles of data and numbers turned into charts, and pages of research turned into documents—which all led to our Inaugural Market Report appropriately named, “The State of Hemp.” Since publishing the State of Hemp we’ve worked hard to be the first publication to define the CBD industry. In October 2016, we achieved that mission and published the The CBD Report.

As the leading provider of third party data and information, Hemp Business Journal was well positioned to bring together leaders of the hemp industry. In 2015, we held the first Hemp Summit at NoCo3, and continued setting the pace for the industry with the second annual Hemp Summit in 2017 and third annual in 2018. Every Hemp Summit has been sold out.

​I am certain the State of HempThe CBD Report or attending the Hemp Summit will provide you the market data and critical business information you need if you want to seize the opportunities emerging in the U.S. hemp industry.

Our hope is that through these reports (and meeting the great professionals in this industry) you’ll see the true cannabis revolution sweeping the planet isn’t about people getting high on THC, but it’s one about humanity building a clean, global economy through sustainable agriculture, water conservation, industrial processing, product innovation, and better health and wellness for all of us, particularly helping children with epilepsy, those suffering pain from cancer, and baby boomers entering the stage of life where the quality of life matters most.

So if you are serious about industrial hemp or CBD, I invite you to checkout one of our leading market reports or visit us at the Hemp Summit.  Become knowledgable, connected and informed. I look forward to our paths crossing!

Sean @Octavius Murphy
Smurphy [at] NewFrontierData [dot] com | LinkedIn

P.S. : In 2018, Common Home Media Inc. sold Hemp Business Journal to New Frontier Data (reported here). The State of Hemp, The CBD Report and Hemp Summit are now part of the New Frontier Data family. I look forward to the next chapter for Hemp Business Journal.