The newest trend in the cannabis world, hemp, will soon be available in Puerto Rico!
Now that the medicinal cannabis industry has taken off, the government is looking forward to the next big thing. Hemp in Puerto Rico will likely be the newest trend, and the industry is already underway .
Puerto Rico’s local Department of Agriculture recently issued the first licenses to start growing hemp. This came eight months after former Governor Ricardo Rosselló signed an executive order supporting the hemp. The federal government also approved the Farm Bill last year, showing the great potential for the industry to create economic development.
What exactly is hemp?
Marijuana and hemp are in the same family, but they have different properties. Hemp is a kind of cannabis contains a very little amount of tetrahydrocannabinol (THC), close to 0.3% to be exact. THC is the ingredient in the plant that has an “intoxicating” effect. In other words, it’s what gets you high.
Hemp can be eaten as a raw seed or formed into milk. Oftentimes people turn the stem into fiber, clothing, plastic materials, jewelry, and bedding. When hemp was legalized commercially back in 2018, nearly 40 states created cultivation programs. Analysts predict the industry will bring in $1.9 billion by the year 2022.
When will hemp be available in Puerto Rico?
The government still has to approve the state plan. President of the Chamber of Commerce Cannabis and Hemp Committee Teresita Santiago Lebrón says that the approval will give the “green light” to start growing hemp.
The United States has already passed the U.S. Domestic Hemp Production Program. This program will allow farmers all over the country to grow hemp.
The United States Department of Agriculture (USDA) says that hemp will offer new economic growth for farmers. The interest in hemp occurred after the demand for CBD products increased greatly.