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Home 🌿 Marijuana Business News 🌿 Haute Hemp: The New Face Of A $500-Million Industry 🌿

Haute Hemp: The New Face Of A $500-Million Industry

Submitted by Marijuana News on Sun, 12/13/2015 - 08:45

Industrial hemp's been having a hard time for the past 77 years. Yes, it looks like cannabis, but it's basically impossible to get high on it. Nonetheless the Marijuana Tax Act of 1937 made the once-profitable industry illegal, and it stayed that way until 2014.

As a result, 2015 has been a big year in hemp. The Cannabist reports sales of hemp products will reach $500-million nationwide in 2015, according to early numbers from the Hemp Business Journal. That's up 25 percent from $400-million in 2014. 

Here are some of the concepts currently making hemp hot again.

1. Cannabidiol (CBD)

 

 

Just a few years ago, there wasn't much of a market for CBD products, which relieve pain and inflammation like cannabis, only minus any psychoactive effects. Now, according to The Cannabist, consumer sales of CBD-infused products in 2015...

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