Industrial Hemp Market Qualitative Insights on Application 2025
According to the US Farm Bill 2014, industrial
hemp is defined as, “the plant Cannabis sativa L. and any part of such plant,
whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration
of not more than 0.3% on a dry weight basis.”
MarketsandMarkets projects that the global industrial hemp market is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025,...