A lack of regulatory clarity is the primary reason behind a predicted dramatic fall in hemp acreage dedicated to the production of CBD in the US.
The National Industrial Hemp Council (NIHC) forecast that the percentage of total hemp-growing area dedicated to cannabinoids will fall from an estimated 82% in 2020 to only 2.8% by 2030, with production for fibre and seeds rising to take the rest.
This article was written by one of CannIntelligence’s international correspondents. We currently employ more than 40 reporters around the world to cover individual cannabis and cannabinoid markets. For a full list, please see our Who We Are page.
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