It’s Time to Consider the Growing Potential of Hemp
Hemp, once a legal and thriving crop in the United States, was dealt a heavy blow with the 1937 Marijuana Tax Act. The Act put heavy tax and licensing regulations on both hemp and marijuana crops, making hemp cultivation difficult for American farmers. The Controlled Substances Act of 1970 proved to be a virtual death knell for the crop, classifying all forms of cannabis as a Schedule 1 drug, making it illegal to grow.
The crop is beginning to make a comeback, however. In the early 1990s, as hemp’s potential uses became more widely known, there was a sustained resurgence of interest in allowing commercial hemp cultivation in America. The Hemp Industries Association estimates an average of 15 percent annual growth in U.S. hemp retail sales from 2010 to 2015, with the majority of this growth attributed to hemp-based body products, supplements and foods.