A Happy Thanksgiving For The Return Of Hemp Agribusiness

There’s been no better time than now to get involved with hemp agribusiness in the United States. According to advocacy group Vote Hemp’s 2017 US Hemp Crop Report, nearly 25,000 acres of hemp have been grown in 19 states this year alone. That’s almost triple the number of what was grown — less than 10,000 acres — in 2016.

Politicians, even in traditionally red states in the South and Midwest, are open to the potential of hemp agribusiness. The National Conference of State Legislatures explains that at least 33 states now have some type of hemp legislation enacted. And this year alone, at least 15 states — including Florida, North Dakota, Wyoming, West Virginia and South Carolina — have authorized legislation.

The recent rise in hemp legalization was made possible by Section 7606 of the Agricultural Act of 2014, or 2014 Farm Bill, which was authorized by President Barack Obama.

 

Kate Paulley