Financial services provider Fedgroup has added alternative asset cannabinoid hemp to its impact farming investment options, allowing investors to tap into an emerging market projected to be worth $20 billion come 2028. It says investors can invest in a hemp plant for R1 000 and earn an annual profit of between 12% and 14% over a three-year investment term. There are 9 100 units available on the company’s investment platform.
Win-win “This investment will [help] farmers to benefit from the considerable economic opportunity that this crop provides but will also play a crucial role in job creation and skills development,” says Warren Winchester, GM of ventures at Fedgroup. Hemp joins six other alternative assets in Fedgroup’s impact farming portfolio, the others being solar panels, lettuce stacks, beehives, macadamia trees, blueberry bushes and morning trees.