25 Facts About The Emerging Industrial Hemp Industry
Shared from Business Pundit
Over the last several years, the United States Federal Government as well as many state governments have enacted laws to make it easier for a legal economy to develop around hemp products. In the 2014 Farm Bill, Congress established conditions under which Industrial Hemp could be cultivated legally for research or industrial purposes. Furthering the trend, Congress passed the Industrial Hemp Farming Act of 2015 which clarifies the definition of “marihuana” to exclude the plant Cannabis sativa L. that contains a concentration of THC which is less than 0.3 percent on a dry weight basis. The clarity has given businesses the confidence that an industrial hemp business industry is welcome in the United States. As such, several states have passed their own bills encouraging the development of an Industrial hemp industry by farmers in their state.
Despite increasing legal clarity, growth in Industrial hemp has been hampered by social stigma and perception. It has been difficult in both marketing and social perception to draw a clear line between hemp and marijuana and many people still consider them the same basic thing since they are derived from similar plants.
The future of the industrial hemp industry will depend on whether it can successfully differentiate and break into the mainstream.
To help you better understand the emerging Industrial Hemp industry, we’ve put together a list of 25 facts about hemp:
- Hemp is thought to be one of the first plants intentionally cultivated by human societies, with evidence that the plant was used in textile manufacturing in China as long as 10,000 years ago, Hemp Inc. reported.
- Unlike marijuana, hemp doesn’t have enough tetrahydrocannabinol (THC) to cause a “high.” In fact…
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