US hemp production grows 40% in 2024, reaching $445 million in value

Demand for hemp-derived THC drinks helps U.S. hemp industry see 40% growth

Hemp production was highly profitable for the United States last year in comparison to 2023. Throughout 2024, the value of American crops shot up by 40 per cent year-over-year to US$445 million, according to recently released data from the U.S. Department of Agriculture. The substantial increase was primarily driven by an increasing amount of floral hemp cultivation, demand for hemp-derived THC beverages in states without adult-use markets and a…

US hemp production grows 40% in 2024, reaching $445 million in value

U.S. hemp production surged in 2024, according to a recent report released by the U.S. Department of Agriculture's National Agricultural Statistics Service. US hemp production grows 40% in 2024, reaching $445 million in value is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs