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Industrial Hemp in the United States: Status and Market Potential

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  • USDA

Abstract

Industrial hemp has been the focus of official interest in several States. However, hemp and marijuana are different varieties of Cannabis sativa, which is classified as a controlled substance in the United States. With Canada now allowing hemp production, questions have been raised about the demand for hemp products. U.S. markets for hemp fiber (specialty textiles, paper, and composites) and seed (in food or crushed for oil) are, and will likely remain, small, thin markets. Uncertainty about longrun demand for hemp products and the potential for oversupply discounts the prospects for hemp as an economically viable alternative crop for American farmers.

Suggested Citation

  • Usda, 2000. "Industrial Hemp in the United States: Status and Market Potential," Staff Reports 278840, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278840
    DOI: 10.22004/ag.econ.278840
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    References listed on IDEAS

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    1. Kraenzel, David G. & Petry, Timothy A. & Nelson, Bill & Anderson, Marshall J. & Mathern, Dustin & Todd, Robert, 1998. "Industrial Hemp As An Alternative Crop In North Dakota," Agricultural Economics Reports 23264, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Qingbin Wang & Guanming Shi, 1999. "Industrial Hemp: China's Experience and Global Implications," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 21(2), pages 344-357.
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    Cited by:

    1. T. Randall Fortenbery & Michael Bennett, 2004. "Opportunities for Commercial Hemp Production," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(1), pages 97-117.
    2. Kim, GwanSeon & Mark, Tyler, 2018. "Who are Consuming Hemp Products in the U.S.? Evidence from Nielsen Homescan Data," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266671, Southern Agricultural Economics Association.

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    More about this item

    Keywords

    Livestock Production/Industries; Marketing;

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