2/5/2014

The 2014 farm bill agreement pending in Congress would permit pilot programs for the cultivation of industrial hemp, a non-intoxicating relative of the marijuana plant. While the economic potential for the crop is unclear, U.S. hemp imports, primarily seeds and oil, increased from $1.4 million in 2000 to $11.5 million in 2011. China currently dominates the market for the fibrous plant, which is used to make cooking oil, creams, food, clothing and soaps.

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