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Home 🌿 Marijuana Business News 🌿 Legalizing Weed: 4 Financial Predictions of Industrial Hemp Cultivation 🌿

Legalizing Weed: 4 Financial Predictions of Industrial Hemp Cultivation

Submitted by Marijuana News on Tue, 12/22/2015 - 08:25

Proponents of legalizing industrial hemp note that this crop has the potential to be a huge moneymaker for American farmers, bolstering the economy and the nation’s agricultural trade. While legalizing weed may get more press, the industrial hemp movement is perhaps even more impactful for America as a whole, particularly from a financial standpoint. 

Here are four financial predictions by those who have studied the marketability of industrial hemp:

1. A boon for farmers
United States consumers purchase $500 million of hemp products annually. These goods, which are currently imported from other countries, include health and beauty products, textiles, clothing, food, and many other environmentally sustainable products. If American farmers were able to cultivate industrial hemp, those funds would go into the pockets of American farms rather than the coffers of other nations.

2. Job creation
Hemp has the potential to create jobs where they are needed most....

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Andrea Miller
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