HARVEST MOON SUSTAINABLE VENTURES
HEMP FARMING ACT
Thanks to the Hemp Farming Act of 2018 that made hemp and its derivative products legal in the U.S. Domestic Hemp Production has Grown by 368%. It’s official, the hemp boom is here. Hemp is that non-intoxicating variety of cannabis, and it’s completely legal now thanks to the 2018 Farm Bill. Since then, U.S. hemp production has exploded.
Domestic hemp acreage leaped by 368% from 2018 to 2019, according to the United States Department of Agriculture (USDA). In 2018, farmers planted 27,000 acres of hemp. So far in 2020, a total of 146,780 acres of hemp has already been planted and at least 47 states have enacted legislation to launch industrial hemp programs.
WHAT'S HEMP FOR?
So what’s hemp good for anyway? Hemp takes versatility to the next level. It’s harvested for its stalks and seeds, with thousands of product applications, including hemp food, wellness products, cosmetics, animal feed, hemp clothing, paper, construction materials, bioplastic, and biofuels. And then there are hemp-derived cannabidiol (CBD) products which is a separate booming industry.
Source: Medical Marijuana, Inc. News