After Boom and Bust, Could Hemp Market Be Stabilizing?

By Steve Hoffman

Could the hemp industry be on the cusp of a turnaround? After several years of volatility for U.S. hemp growers, prices and acreage in many states are beginning to stabilize or are rising modestly, according to the National Hemp Report, published by the U.S. Department of Agriculture (USDA) in April 2024.

According to the USDA, the value of U.S. hemp crop production in 2023 totaled $291 million, up 18% from 2022. Based on a survey sent out in January 2024 to producers across the country as part of USDA’s national agriculture census, the report shows signs of renewed market growth and improved on-farm efficiencies. “There was the big boom, then the big falloff, and this year everything is sort of leveling out,” Joshua Bates, a USDA statistician who wrote the landmark National Hemp Report, told MJBiz Daily.

This article that first appeared in the Presence Marketing Newsletter

21st Annual European Industrial Hemp Association Conference to be held in Prague, Czech Republic

By EIHA – European Industrial Hemp Association

The European Industrial Hemp Association (EIHA) is pleased to announce the 21st Annual European Industrial Hemp Association Conference, scheduled to take place from June 6-7, 2024, at the prestigious Prague Congress Centre in Prague, Czech Republic.

The two-day event is set to bring together a diverse array of industry leaders, researchers, policymakers, and experts to delve into the latest advancements and opportunities within the dynamic hemp sector. Attendees can expect insightful discussions, networking opportunities, and actionable strategies aimed at driving the future of industrial hemp across Europe and beyond.

Hemp News Spotlight

USDA: Value of U.S.-Grown Hemp Up 18% in 2023
Ganjapreneur

The Cannabis Crossroads: How Schedule III and The Farm Bill Intersect
Forbes

Hemp Growers Would See Reduced Regulatory Barriers Under Senate Democrats’ Farm Bill
Marijuana Moment

US Senate Democrats Forgo Addressing Intoxicating Hemp in 2024 Farm Bill Summary
Cannabis Business Times

Hemp is more sustainable than timber – here’s how it could transform low-carbon construction
The Conversation

HEMP SCHOOL NAMED FINALIST IN THE EFT GREEN SKILLS AWARD 2024
Let’s Talk Hemp

Roundup: AI at FranU / Stormy Daniels / Hemp industry bill
Business Report

Canadian Government Support For Hemp Processing Plant
Hemp Gazette

BASF’s Chemovator backs hemp-based plastics additives
Plastics News

Gov. Kemp signs hemp regulation bill
Atlanta News First

The Full Potential Of The Voluntary Carbon Market Through Agriculture
Forbes

Early Bird Tickets On Sale Now – Prices Increase April 5th

EVENTS

Monitoring the Impact of Cover Crops on Soil Microbiome in Hemp
May 8, 2024, Biome Makers Webinar – Register Now

Industrial Hemp Product Development in a Fractured Domestic Supply Chain
May 22, 2024, Syracuse University Webinar – Register Now

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

The 1st Tokyo International Hemp Conference
September 24-26, 2024, Tokyo, Japan

Andean Hemp and Cannabis Trade Forum
October 17-18, 2024, Lima, Peru

 Asia International Hemp Expo and Forum 2024
November 27-30, 2024, Bangkok, Thailand

11th Annual NoCo Hemp Expo – We go to ELEVEN
April 10-12, 2025, Estes Park, Colorado

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

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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.

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