Parliament Group, Ltd. is poised to position itself as a leader and partner in the US industrial hemp/CBD industry through strategy, genetics, cultivation, harvesting and processing techniques, which will enable the company to deliver a consistent supply & quality of hemp-sourced products.
During her time as a government regulator in the Nevada industrial hemp industry, co-founder Tessa Rognier, found that the biggest road block for farmers in the emerging hemp market was the lack of large-scale processing facilities to purchase and process their harvested raw material. The processing of industrial hemp into sellable commodities is very complex in nature and requires a large capital investment and proprietary know-how, creating an even larger barrier to market entry.
In late 2018 the Parliament Group team came together with a vision and the intent of providing the hemp industry with a vertically-integrated company mainly focused on processing. The Parliament Group will provide agricultural and processing resources mirroring the already established cannabis industry in Nevada, a field in which the assembled team is experts.
The Company’s initial intent is to solely process local biomass of northern Nevada hemp farmers and those located in the Western surrounding states. The passage of the federal farm bill, which now fully legalizes the growing of hemp and the extraction of CBD from the biomass, required the Company to adjust the business model and increase our capabilities. In doing so, we realized that with the increased technology, we would have an opportunity to utilize every ounce of the plant’s biomass and have the ability to process or manufacture a variety of hemp-based products including a vast array of CBD/CBG products.
We believe that a partnership with our farmers, landholders, and outlets based on trust, knowledge, experience, fairness, and a willingness to over-perform, will maximize the entire value chain and produce a win-win ecosystem for everyone involved.
There is a tremendous gap between the domestic production of hemp & hemp-derived products and the large demand for those products. This gap demonstrates that the American Hemp Industry is poised to grow substantially in the next 5-10 years. Western states with large agricultural communities and infrastructure are best positioned to take advantage of this emerging market. Nevada is definitively one of those states.
In addition, the current market problems facing cultivators reveals a unique opportunity to enter the market with an all-inclusive business model to offer hemp cultivators a source for their seeds, an outlet for the harvested crops, and a resource for them to turn to for their consulting and management needs. Each of these activities will solve a real and substantial problem facing hemp cultivators, and whomever can fill this niche will drive the American hemp industry.