This is yet another victory for those who have been pushing for an entry for local production in the U.S. market. Last year, the Hemp Industries Association estimated the plant, which has a host of valuable purposes, ranging from baby care to foods to auto parts to building materials to clothing. The hemp market nationwide was estimated to be around $620 million in 2014.
Even though hemp has no intoxicating properties, it’s been heavily restricted by federal authorities in the same manner as cannabis. That changed when President Barack Obama signed the 2014 Farm Bill, which contained an amendment that allowed for the legalization of hemp cultivation and production for research purposes. The measure also allowed states that had legalized the crop to continue growing it within the parameters set forth by the state’s agriculture department and local research institutions.