- Hemp cultivation in the U.S. is on the rise
- 33 U.S. states have dismantled barriers to hemp production
- MCOA provides turnkey services to growers and distributors
Hemp is back! After a hiatus of 77 years, cultivation of hemp in the U.S. began again after the passage of the Farm Bill in 2014. The Farm Bill allows departments of agriculture and institutions of higher learning in states that have legalized hemp cultivation to grow hemp for research and pilot programs. Hemp grown for such purposes is now no longer subject to the provisions of the Controlled Substances Act (CSA), although, unfortunately, commercial cultivation still is. Despite the continued federal restriction on growing hemp, a majority of states (33) have dismantled barriers to hemp production, and U.S. hemp output doubled from 2016, with about 1,500 state hemp cultivation licenses being issued in 2017. These growers can turn to Marijuana Company of America, Inc. (OTC: MCOA) to get their enterprises off the ground. The company provides turnkey services to the legal cannabis and hemp industries. It also, through wholly owned subsidiary hempSMART™, delivers all of the benefits of hemp-derived cannabinoid (CBD) products to the world through its unique marketing and distribution platform.
The domestic network of hemp farmers and cultivars is set to expand as regulations ease. For example, research has shown that, instead of graphene, hemp bast fiber may be used in super-capacitor batteries to power electric vehicles (EVs) and handheld electric devices and tools. In addition, hemp fiber has long been a staple of housing construction in some cultures; now, it’s building American homes. Hemp houses are on the rise, as hempcrete, which is energy-efficient, non-toxic and resistant to…
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