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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 early 2018, the Institute of Economic Affairs (IEA) published a report looking at the size of the UK cannabis market and the potential implications of legalisation. The report concluded that the current UK cannabis black market is worth over £2.5bn and cannabis tax yields could be between £204 million and £571 million. [94]
The retting of raw hemp in a stream. Cannabis is a genus of flowering plants with species that have long been used for fibre (), for medicinal purposes, and as a drug.Industrial hemp products are made from cannabis plants selected to produce an abundance of fiber and minimal levels of tetrahydrocannabinol (THC), a psychoactive molecule that produces the "high" associated with cannabis as a drug.
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Download as PDF; Printable version; In other projects ... This is a list of agricultural varieties of hemp. For European production ... by Health Canada for the 2024 ...
It also is a useful source of foodstuffs (hemp milk, hemp seed, hemp oil) and biofuels. Hemp has been used by many civilizations, from China to Europe (and later North America) during the last 12,000 years. [121] [122] In modern times novel applications and improvements have been explored with modest commercial success. [123] [124]
What is prohibited for home-grow marijuana? Cannabis plants must be kept in a secure place and not accessible to any person under 21. It is also illegal to make cannabis hash oil or concentrates ...
The national (non-psychoactive) hemp market was $600 million in 2015, [18]: 3 Accurate predictions of potential future legal markets for hemp are deemed impossible to predict due to "the absence since the 1950s of any commercial and unrestricted hemp production in the United States". [18]: 7