Hemp has several undeniable benefits. The profitability of industrial hemp is somewhat up for debate considering it is not competitively priced with any of it’s alternatives (ie cotton, tree paper, plastic, etc). They say it’s because it’s all imported and in a small niche market. The argument goes that if hemp were legal, farmers would grow it, factories would flourish, and hemp products would become cheaper than their unsustainable alternatives through economy of scale.
However, Industrial Hemp is already legal in much of the developed world- Europe, China, Australia, Canada, just to name a few. These countries grow hemp and can legally conduct as much research as they want.
So, why do these developed countries have such primitive hemp industries? If hemp has so much potential for profit, why has China not produced Hemp like they produce any other product? Some countries have never banned hemp- yet the industry suffered as if it were banned. Why do these countries not pursue hemp to its full potential?
Thanks – Ben