HempUpdate would be a much better name, assuming someone wanted to create a site with news and stuff about hemp. But is someone going to come along and actually do that? Maybe, but if they did, they would choose a better name than yours, like HempNews or HempDaily, or HempUpdate.
I'd be shocked if you sold the name for your asking price of $1,700... but stranger things have happened in this ridiculous industry.
Overall, not a name I'd ever want in my portfolio.