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Regulatory change to drive industry growth.
February 1, 2019
By: Christine Esposito
Editor-in-Chief
According to data compiled by Hemp Business Journal, the US hemp industry registered sales of $820 million in 2017 and is expected to reach $1.9 billion by 2022. Additionally, the market is projected to grow at a CAGR of 14.4% during the forecast period. The Agriculture Improvement Act of 2018 was signed into law on Dec. 20, 2018 Among other things, the new law changed certain federal authorities relating to the production and marketing of hemp, defined as cannabis (Cannabis sativa L.), and d...
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