Manage episode 239858083 series 1116711
Josh Hendrix, President of U.S. Hemp Roundtable, predicts that, in the next two to three years, hemp will finally begin to infiltrate the market. When that happens, there will be a race to efficiency on the agricultural side, which should lead to both consistent types of hemp as well as varieties of hemp - ultimately, this will create a commodity market. Because the rules of the 2018 Farm Bill have been unclear for farmers and manufacturers, Hendrix carefully explains the process: "You can't just go out and plant hemp. You can't find some seed in your barn that somebody left years ago and go out and plant it. Can't grow it in your backyard. If your state is participating in the Hemp Program, the USDA Hemp Program, they have to go get approved. Once they're approved, you will have to fill out a form, go through their licensing process, make sure that you actually have a farm – that you have a plan."