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CRS Report on “Hemp as an Agricultural Commodity”

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NAIHC.orgDec. 18, 2012 - The nonpartisan Congressional Research Service has issued a 26-page report on “Hemp as an Agricultural Commodity.” The Dec. 2012 CRS report warns that if proposed legislation ends the current U.S. ban on growing industrial hemp, U.S. hemp production would face stiff competition from established global suppliers including Canada and China. The report concludes, however, that “the U.S. market for hemp-based products has a highly dedicated and growing demand base, as indicated by recent U.S. market and import data for hemp products and ingredients . . .”

Given the existence of these small-scale, but profitable, niche markets for a wide array of industrial and consumer products, a commercial hemp industry in the United States could provide opportunities as an economically viable alternative crop for some U.S. growers.” Read or download the complete pdf: Hemp as an Agricultural Commodity.”