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Oregon hemp farming sees "explosive growth"

The Oregon hemp industry is like a raging river, restrained by a dam that might soon break and allow products to flood an array of new markets. A provision in the 2018 Farm Bill before Congress would strike cannabidiol from the Drug Enforcement Administration’s list of Schedule 1 drugs, those the agency deems to have the highest potential for abuse. Nationally, hemp sales topped $820 million in 2017. The market is expected to reach $1 billion in 2018.In the roller-coaster cannabis industry, hemp enjoys a smoother ride than recreational marijuana. Oregon marijuana growers have produced heaping piles of weed far in excess of what consumers can smoke and ingest. Federal law prohibits growers from shipping outside the state, restricting demand in the legal market. Many growers are now fleeing to the more promising hemp trade.

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Oregon Business
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