Hemp Facts

Hemp Fast Facts

The Hemp Industry in the United States began following the classification of hemp as an agricultural commodity under the 2018 Farm Bill, during President Trump’s first term. Since this development, the hemp industry has rapidly grown in the past five years – from hemp production to small businesses. However, in recent years, bad actors have created false narratives around hemp, creating a chain reaction of legislation pushed against the innocent farmers and manufacturers who abide by regulations and produce high-quality products. We’re here to demonstrate that keeping a pragmatic, regulated market, rather than implementing a full-out prohibition on hemp, will ensure that hundreds of thousands of Americans continue to be employed and have access to pain-management products.

Fast Facts About Hemp

The U.S. hemp industry supports $13 billion in wages.

A complete ban on hemp would take away countless jobs from hardworking Americans. Likewise, this would push production abroad, letting the U.S. lose more jobs and consumer activity to foreign adversaries. Hemp demand will not decrease – dollars will only be redirected elsewhere.

Legal hemp is safe and provides both health and industrial uses.

Clinical research of hemp demonstrates efficacy for PTSD, chronic pain management, and seizure disorders. 

Instead of having reasonable protections in the hemp market that ensure consumer safety, thousands of Americans who rely on hemp to improve their day-to-day chronic pain would suffer or turn to dangerous alternatives.

Hemp serves as an important diversification for farmers.

During periods of low economic growth and movement, farmers can take advantage of the market demand for hemp. Additionally, hemp is exceptional in its relation to the environment, as it outcompetes weeds naturally and benefits fields where conventional monoculture prevails.

As of 2023, the American hemp-derived cannabinoid industry had a total economic impact of nearly $70 billion.