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Hemp and marijuana are just different enough for hemp to represent a huge market opportunity for marijuana stocks.
Hemp, or industrial hemp, is a plant in the botanical class of Cannabis sativa cultivars grown specifically for industrial and consumable use. It can be used to make a wide range of products. [ 1 ] Along with bamboo , hemp is among the fastest growing plants [ 2 ] on Earth.
In the US, "industrial hemp" is classified by the federal government as cannabis containing no more than 0.3% THC by dry weight. This classification was established in the 2018 Farm Bill and was refined to include hemp-sourced extracts, cannabinoids, and derivatives in the definition of hemp. [125]
The Industrial Hemp Farming Act of 2009 (), introduced during the 111th United States Congress by House Republican Ron Paul of Texas) and House Democrat Barney Frank of Massachusetts) on April 2, 2009, [1] sought to clarify the differences between marijuana and industrial hemp as well as repeal federal laws that prohibit cultivation of industrial, but only for research facilities of higher ...
Hemp is hot. This relative of the marijuana plant contains CBD (cannabidiol) and acres of hemp are now being grown in the United States. In 2013, there were zero acres of hemp in the U.S. and now ...
Research and Markets estimates that the global industrial hemp market will reach $17.4 billion by 2027, up from $5.6 billion in 2020. A Short History of Hemp As a people, we have been using hemp ...
Federal policies, tightened by the Controlled Substances Act of 1970, virtually banned the production of industrial hemp during the war on drugs.According to an industry group, "the 1970 Act abolished the taxation approach [of the 1937 Marijuana Tax Act] and effectively made all cannabis cultivation illegal". [2]
A nominal if not legal distinction is often made between industrial hemp, with concentrations of psychoactive compounds far too low to be useful for that purpose, and marijuana. Uses [ edit ]