Hemp Industry Facing Barriers to Commercialization

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By Omar Sacirbey

It’s been more than two years since President Barack Obama signed legislation authorizing the limited cultivation of hemp, but the fledgling industry remains a long way from becoming a thriving business.

Observers say commercialization of this potentially lucrative plant remains limited for legal, financial and technological reasons.

They point to restrictive federal guidelines governing hemp, a dearth of investors willing to wager money on the plant, and a lack of commercial-scale processing equipment. Finding fixes to these challenges has proven difficult.

Hemp is used for various products, including CBD-based medicines as well as paper, clothing, food, lotions

Hemp Industry Facing Barriers to Commercialization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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