A New Hempire

Industrial hemp is newly legal, and that’s creating a big new crop of business opportunities. Which one could be right for you? We break down the biggest.

CHRISTIE LUNSFORD

December 20, 2018, is basically hemp’s Fourth of July. That’s when President Trump signed the 2018 Farm Bill, making industrial hemp a lawful agricultural commodity nationwide for the first time in 80 years. And what is “industrial hemp”? It’s a term for a specific variety of cannabis—one that, by law, contains less than 0.3 percent of the psychoactive compound tetrahydrocannabinol (THC), which means it won’t get anyone high. At its core, industrial hemp is just a really hardy crop. It thrives in most soils, requires few chemical fertilizers or pesticides, and grows extremely fast, furiously absorbing carbon from the atmosphere from germination to harvest, when its real versatility shines. Its uses range from foods and medicines to textiles, construction materials, biofuels, and bioplastics. Now it’s legal to grow and sell—which,…

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Green Entrepreneur (Digital) - 1 Issue, Spring 2019

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