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Legal Risk Exposure Heightens Uncertainty in Developing U.S. Hemp Markets

Author

Listed:
  • Skorbiansky, Sharon Raszap
  • Thornsbury, Suzanne
  • Camp, Kevin M.

Abstract

Hemp transitioned from a Schedule I controlled substance in the United States to a commercial crop with a growing market in just seven short years. Emerging U.S. hemp markets face challenges common in agriculture production, but the legal risk of exceeding a THC threshold compounds these risks.

Suggested Citation

  • Skorbiansky, Sharon Raszap & Thornsbury, Suzanne & Camp, Kevin M., 2021. "Legal Risk Exposure Heightens Uncertainty in Developing U.S. Hemp Markets," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 36(1), February.
    • Handle: RePEc:ags:aaeach:309503
    DOI: 10.22004/ag.econ.309503
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    Citations

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    Cited by:

    1. Seojin Cho & John M. Antle, 2024. "Price‐endogenous technology, producer welfare, and ex ante impact assessment: The case of industrial hemp," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(2), pages 883-903, March.
    2. Stevens, Andrew W. & Pahl, Joy M., 2021. "High Stakes: Managing Risk and Policy Uncertainty in the Market for CBD Food Products," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 3(4), October.
    3. Skorbiansky, Sharon Raszap & Astill, Gregory & Rosch, Stephanie & Higgins, Elizabeth & Ifft, Jennifer & Rickard, Bradley, 2022. "Specialty Crop Participation in Federal Risk Management Programs," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Economic ), September.
    4. Jeffrey S. Young & Tanner J. McCarty, 2023. "Adapting network theory for spatial network externalities in agriculture: A case study on hemp cross‐pollination," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(4), pages 1267-1287, August.
    5. Waea, 2021. "Western Economics Forum: A Journal of the Western Agricultural Economics Association, v.19, Issue 2, Fall 2021," Western Economics Forum, Western Agricultural Economics Association, vol. 19(2), December.
    6. Sharon Raszap Skorbiansky & Suzanne Thornsbury & Anne Effland, 2022. "Specialty crops and the farm bill," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1241-1260, September.
    7. Dhoubhadel, Sunil P., 2021. "Challenges, Opportunities, and the Way Forward for the U.S. Hemp Industry," Western Economics Forum, Western Agricultural Economics Association, vol. 19(2), December.

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