Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017.
From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same one-year period.
It’s still very early for the U.S. hemp industry.
Full-fledged hemp cultivation remains illegal at the federal level – the crop cannot be grown in a state that has not established a hemp program – and questions remain about the legality of hemp-based extracts like CBD.
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Eli McVey ~ Marijuana Business Daily ~