The Hemp Industries Association (HIA) reported total U.S. retail sales of hemp products of nearly $700 million in 2016. HIA claims that U.S. hemp retail sales have grown by about 10% to more than 20% annually since 2011. Mostly, this growth is attributable to sales of hemp-based care products, supplements, and foods. Together, these categories accounted for more than two-thirds of the value of U.S. retail sales in 2016.
Ten years later, the 2014 Farm Bill established pilot programs in which universities and state agencies could grow industrial hemp, defined as containing less than 0.3 percent THC, for research purposes. It would be the first time since the 1937 law was passed that hemp could be legally cultivated and harvested in the U.S. The commercial cultivation, harvest and processing of hemp, however, remained federally illegal.
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Yes. All our hemp crops are grown free of chemical fertilizers, herbicides, and pesticides, so our quality starts with our hemp plants. From the time our hemp oil is harvested to the manufacturing and shipping of our products, we test our hemp oil multiple times to ensure accuracy in potency information and to check for contaminants like pesticides, herbicides, heavy metals, and mold, as well as cannabinoid content. We also use a subcritical CO2 method when we extract our hemp oil, instead of harsh solvents. CO2 is a much healthier choice than other potential solvents and is "generally regarded as safe" (GRAS) by the FDA.
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Then again: Zwagil also says, through his company’s Policies and Procedures (see above section), that you should talk to a lawyer before joining HempWorx as “laws differ according to jurisdiction,” which does not make it sound “100 percent legal.” He also gets the percentages wrong: it’s .3 percent THC, not .03 percent THC, which further supports the notion that perhaps you shouldn’t rely on him regarding cannabis laws.
Certainly, there is no shortage of opportunities to commercialize hemp. But until hemp is treated as an industrial crop that can grow freely, businesses won’t thrive. Many states have already taken steps to legalize and jump-start their local hemp economies, but the industry won’t scale until the federal government passes legislation that protects farmers and entrepreneurs from archaic and nonsensical narcotics regulations. Until then, this is a great time for entrepreneurs to start planting the seeds of their hemp ventures.