
Licensed hemp acreage has quadrupled since 2018, according to report from Vote Hemp
Vote Hemp has released its 2019 U.S. Hemp Grower License Report, showing that licensed hemp acreage has quadrupled since 2018.
Vote Hemp has released its
The growth in processors is largely for extraction and positions the hemp industry well to meet market demand for extracts, but more investment is required for fiber and grain processing, says Vote Hemp. While these numbers are impressive, Vote Hemp does note that significantly less hemp is actually planted compared to what is licensed, due to factors such as access to seed and/or clones. Vote Hemp estimates that 230,000 acres will actually be planted, but only 50-60% will actually be harvested due to crop failure, non-compliant crops, and other factors.
“Now that we have lifted federal prohibition on hemp farming, it’s time build the infrastructure, and expand hemp cultivation and the market for hemp products across the country so that all can reap the benefits of this versatile and sustainable crop,” said Eric Streenstra, president of Vote Hemp, in a press release.
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