Industrial Hemp in the United States: Status and Market Potential

Usda

No 278840, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Industrial hemp has been the focus of official interest in several States. However, hemp and marijuana are different varieties of Cannabis sativa, which is classified as a controlled substance in the United States. With Canada now allowing hemp production, questions have been raised about the demand for hemp products. U.S. markets for hemp fiber (specialty textiles, paper, and composites) and seed (in food or crushed for oil) are, and will likely remain, small, thin markets. Uncertainty about longrun demand for hemp products and the potential for oversupply discounts the prospects for hemp as an economically viable alternative crop for American farmers.

Keywords: Livestock Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 43
Date: 2000-01
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278840

DOI: 10.22004/ag.econ.278840

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