Is the U.S. hemp industry experiencing a turnaround?
After years of wild fluctuations for domestic hemp growers, prices and acreage in many states are stable or growing, according to the National Hemp Report released Wednesday by the U.S. Department of Agriculture.
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It was a welcome development for an industry that has known little stability since Congress legalized hemp in 2018.
“There was the big boom, then the big falloff, and this year everything is sort of leveling out,” said Joshua Bates, a USDA statistician who wrote the National Hemp Report – the first version since the agency added hemp to its landmark national agriculture census.
The positive numbers come just as the U.S. House of Representatives plans to begin work in earnest on
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