Economic Impact of the Legalization of Industrial Hemp

Paper Summary:

This paper discusses the differences between hemp and marijuana, focusing on "hemp stalk" as a major product which is fiber and cellulose-rich to develop into consumer goods. The writer of this paper suggests for governmental agencies to take a look at multiple approaches from some different sides of the story on hemp, not merely work on the argument of legalization of marijuana.

From the Paper:

"Hemp stalk is the major product, which is fiber and cellulose-rich to develop into consumer goods. This product is different from marijuana. Thevenof says, people know hemp to be a good material for paper products since it produces pulp four times higher than tree per acre. Hemp is found to be "the strongest, easiest [fiber crop] to grow" and it easily grows in many areas. Hemp will be mature enough to harvest in 100 days, which is considered economical to replace all costs in tree growing, cutting and sawmill to supply paper factories. As it is rich in fiber, hemp would also make good source for fashion and apparel that gives strong and soft fiber comfortable to wear. Hurds hemp is also suitable for cattle feed since it has competitive biomass rate and lower operation cost to provide animal beddings, and other countries like England, France and the Netherlands have applied. Hemp is also rich in Omega-3 fatty acids, which would be a good option as food material, or more likely to be "strategic agricultural resources" as it made more than $50 million annual sales."

More papers on Economic Impact of the Legalization of Industrial Hemp:

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• Term Paper # 113997 : "The Legalization of Marijuana"

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