Hemp has the potential to bring prosperity to many segments of our society. Not only will it be a new cash and rotational crop for farmers, the possibilities for manufacturing are virtuously endless. Not only can hemp make thousands of products, hemp can be used to makes thousands of products, better, stronger and more sustainable. Now is the time to start think about how hemp can be incorporated into your business plan. If you have an existing hemp business, an NHA business level membership is a great way to not only support our efforts but to promote your business tp thousands of hemp enthusiasts!
Hemp imports to the United States – consisting of hemp seeds and fibers often used as inputs for use in further manufacturing – totaled $67.3 million in 2017, 57% decrease in seed imports from 2017, and the first half of 2018 puts the import market on pace for a 20% decrease. This descending trend is expected to continue as the U.S. hemp market continues to mature.

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Hemp, a non-intoxicating form of the plant Cannabis sativa (L.), was outlawed in the U.S. in 1937 when Congress passed the Marihuana Tax Act. Although most states have legalized hemp in some form since, the federal prohibition meant interstate commerce involving the plant and its derivative products remained illegal. Jenelle Kim, co-founder and lead formulator of hemp product manufacturer JBK Wellness Labs, said the prohibition overshadowed thousands of years of hemp usage in human culture. [Interested in starting a business in the cannabis or hemp industry? Check out our guide to the emerging opportunities in that field.]


As a result, customers can now be confident that most companies out there are pretty legitimate in terms of the overall safety of their products. However, you should still keep your eyes peeled and do as much research as possible, as a lot of brands are still selling non-therapeutic hemp seed oils as “CBD oils,” when in fact they contain very little of the active compound at all.
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