According to a new report from CoBank, there are big risks and big rewards for industrial hemp production. The demand for CBD, hemp fiber and the hemp seed market is growing. Challenges include the lack of processing capacity. Hemp also lacks approved crop protection products, specialized harvesting equipment and federal crop insurance is not available. The future of the hemp industry is largely dependent on the regulations and guidance from USDA and the Food and Drug Administration, which should be released this fall.
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