Hemp is carving out an immense market for itself despite being legal for only a year in the U.S. The cash crop had been outlawed for decades before the Farm Bill legalized industrial hemp and its extracts. Pretty soon, the market for hemp was worth millions, and experts posit that it could hit $20 billion by 2026.
In many ways, the sector’s unprecedented growth turned out to be its biggest weakness. Since there’s barely any information on hemp out there, a lot of people are playing it by ear, trying to learn on the go. This has resulted in a sector that barely has any standardization, and a new task force commissioned by...
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