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Let's Talk Hemp

Newsletter – August 31, 2023

Let's Talk Hemp Newsletter

Newsletter

Newsletter – August 31, 2023

The Future of Hemp is Bright But is the Industry Ready

By Beau Whitney, Whitney Economics

While hemp has faced significant challenges over the last several years, opportunities are on the horizon.

Despite low acreage now, the future of hemp is bright 

In 2019, there were close to 525,000 acres licensed for hemp cultivation. Acres licensed for hemp were below 70,000 in 2022, which is the lowest acreage since the passage of 2018 farm bill. There are questions as to whether the current number of acres can sustain the growth and development of the hemp fiber and grain industries. Huge opportunities exist for hemp fiber in the construction (hempcrete), plastics, automotive, paper and textile industries. At the same time, even larger opportunities for hemp grain animal feed are being stymied by FDA rules. Despite these challenges, the future of hemp fiber and grain is bright.

Congress and FDA resistance to hemp is hurting other industries

Lack of federal regulatory clarity is consistently cited as one of the top issues limiting hemp investment, opportunity and growth. This impact is being felt in other transitional industries as well, like animal feeds, fibers and grains.  The slow roll of federal guidance is forcing states to intervene with sometimes devastating consequences to small business operators, manufacturers and farmers.

read full article here
Future of Hemp

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A Million Acres and Growing: Certifying a Holistic Approach to Regenerative Agriculture
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EVENTS

11th Annual International Hemp Building Symposium
October 10-11, 2023. Amsterdam, Netherlands

CBD Journey & CannaCon 2023
November 2-3, 2023. Tokyo, Japan

Asia International Hemp Expo & Forum 2023
November 22-25, 2023. Bangkok, Thailand

HIACON 2023 – Going Mainstream
November 28-29, Austin, TX

MJBIZCON 2023
November 28-December 1, Las Vegas

Jack Herer Cup 2023
November 29, Las Vegas

10th Annual NoCo Hemp Expo & 1st Innovate Earth Symposium
March 20-22, 2024, The Broadmoor Resort, Colorado Springs, CO

Experience Hemp Prague and the 21st Annual EIHA Conference
June 5-7, 2024, Prague, Czech Republic – Save The Date

Add your event to Hemp Events, a free listing service for legitimate hemp industry events. Visit www.HempEvents.org.


Compass Natural

Colorado Hemp ssociation

Hemp Exemption

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About Let’s Talk Hemp

Let’s Talk Hemp is a publication of WAFBA – We Are For Better Alternatives focused specifically on the subjects of industrial hemp, cannabis, sustainable agriculture, environment, healthy foods & supplements, and climate-smart applications. We present features and curate news from across the globe to share the benefits of hemp, cannabis, bio-based materials, and better alternatives. WAFBA also is the Producer of NoCo Hemp Expo, the world’s leading hemp conference and exposition.

Publisher/Editor: Morris Beegle
Editor-in-chief: Steven Hoffman
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Contributors: Morris Beegle, Elizabeth Lunt, Beau Whitney
Production: Hope Keller

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