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On The Business Of Hemp [Infographic]

In 2017, over $800 million worth of legal hemp products were sold in the US. Yes, you read that right: legal hemp. After decades of strict prohibition, many originating in the early 20th century, hemp is again becoming the staple crop that it once was. Currently grown across 19 states and covering an acreage of 25,713, public sentiment and government regulations are being challenged.

Once considered legal tender in several states back in the 17th century, the gradual illegality of hemp began in the 19th century and were solidified with an outright ban in 1937, citing it alongside the “marijuana menace.” The 2014 Farm Bill, however, authorized states to start programs for hemp cultivation, provided all growers and sites were registered and certified by the state. Used in products ranging from clothing and textiles to medicines and foods, hemp could be considered a wonder crop as its uses far surpass that of cotton and require much less water and labor to maintain.

The future of hemp and its products in the United States has taken a surprising turn as laws are revisited and overturned, countless industries will benefit. Take a look at this infographic for more on the state of American hemp, how it’s affecting the economy and environment, and what to expect for the future of its legal status and production.

On The Business Of Hemp [Infographic] 1
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NowSourcinghttp://nowsourcing.com
Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

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1 COMMENT

  1. Save your money this is just hemp seed oil I”ve tried almost every brand of hemp oil on Amazon and this one does not contain CBD, it is just hemp seed oil. If you want hemp seed oil, it can be purchased for around 1 dollar an ounce. I”m not certain why they are charging 20 dollars for an ounce of hemp seed oil, but I also find it somewhat misleading for them to say the bottle has 500mg, the ingredients clearly say the only contents of the bottle is hemp seed oil I”m also not certain why there are so many 5 star reviews, but It”s up http://wasabimon.com/

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