Hemp Licenses Quadrupled in 2019, But Will There Be a CBD Surplus? | Cannabis Now

  • According to new numbers from the hemp advocacy group Vote Hemp, this year, 16,877 farmers received a license from their state to grow hemp (defined as cannabis with less than 0.3 percent THC) – for a total of over 500,000 acres of hemp licensed for cultivation in 2019.
  • Those are staggering numbers compared to 2018, when states issued 3,546 licenses for people to grow hemp and U.S. farmers harvested 78,176 acres of hemp.
  • However, Eric Steenstra, president of Vote Hemp, noted that many of those farmers are first-time hemp cultivators or even first-time farmers, and that he doesn’t expect all 511,442 acres of hemp to be cultivated.
  • It’s worth noting that almost 17,000 people received state licenses to grow hemp and the USDA hasn’t even released federal regulations for growing hemp yet.
  • Today, 46 states have passed hemp legislation and 34 have active cultivation programs, according to Vote Hemp.

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