Truth Frequency Radio
Nov 10, 2013

colorado-U.S.-hemp-farming-industrial-truth-frequency-radio-chris-geo-sheree-geo-alternative-media-news-informationGreg Campbell, Daily Caller

Colorado’s amber waves of grain may soon make way for seas of green under new regulations released this week clearing the way for farmers to plant hemp next year.

Hemp is marijuana’s non-intoxicating cousin that was legalized along with recreational pot by Colorado voters last November, though both remain illegal under federal law.

While the state’s burgeoning recreational pot industry has generated headlines from coast to coast, the less sexy hemp industry could prove to be far more profitable.

Hemp is used in numerous products from fabric to food, but because the plant and its seeds are illegal under the same federal law that prohibits marijuana, the raw material must be imported, usually from China and Canada.

In 2011, more than $11.5 million worth of hemp products were imported into the United States and the retail value of all hemp products sold here was about $500 million, according to the Congressional Research Service. Canadian hemp seed producers can earn as much as $1,000 per acre. By comparison, Canadian wheat sold for just over $300 per acre in 2012. Hemp advocates cited by the Denver Post said the hemp market in Colorado could be 10 times as big as retail marijuana, which is expected to generate as much as $270 million in sales per year.