U.S. Hemp Growing Industry Overview:

                                        

The U.S. hemp industry is expecting business to expand and investors to beckon after Congress passed the 2018 Hemp Farm Bill. This farm legislation includes a provision to legalize and regulate Hemp under the Department of Agriculture. 

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In the United States, hemp was a top cash crop for 150 years before it was banned over fears regarding marijuana use. Now, with legislation loosening restrictions on hemp cultivation, more farmers are turning to this hardy plant as a profit maker.

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The retail market for hemp in the U.S. is approximately $600 million and expected to increase year over year. Globally, the market for CBD (the medically active ingredient in hemp) tops $33 billion per year. And with industrial hemp used in 30,000 products worldwide, demand is strong. But what does this mean for farmers who want a slice of the profits for hemp farming?  Hemp Profit per Acre Can Be Substantial.