Is the Emerging U.S. Hemp Industry Yet Another Boom–Bust Market for U.S. Farmers?

Abstract

Land licensed for growing hemp in key producing states has increased ten-fold from 2017 to 2019. With over 300,000 acres authorized for production, will hemp farmers see positive returns? This article analyzes the market dynamics that will help determine current year and longer-term outcomes for the U.S. hemp industry.

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