Even in the hemp industry, virtually all facets, including extraction equipment and greenhouse grows, ultimately have a large carbon footprint. In fact, According to the Global Footprint Network, just one joint generates around 1.5 kg of CO2 emissions, roughly the equivalent of leaving a 100-watt light bulb turned on for an entire day. This figure is an incredible statistic, but only captures such a small piece of our market and an inconsequential piece of the global carbon footprint. However, hemp is often touted as a carbon-negative material and regurgitated by many people as such.
Ms. Julie Lerner, Chief Executive Officer, PanXchange, participated in the commodity industry panel during the JPMCC’s 3rd Annual International Commodities Symposium, which was held at the University of Colorado Denver Business School in August 2019.