News Desk

Could Hemp Be the Next Big Texas Export?

Texas entrepreneur Lucas Evans is betting on hemp as the next big Texas export. Once banned as a controlled substance, hemp was decriminalized in the 2018 Farm Bill. Classified as a fiber crop, hemp can be harvested to make textiles. Because it requires less water and chemical processing than cotton, hemp is gaining momentum as a viable cash crop. Shortly after the Farm Bill passed, demand for CBD products skyrocketed, but the market quickly became oversaturated, and prices subsequently fell. Evans strategically filled the void by establishing Texas Hemp Processors, the first legal facility of its kind in Texas with the capability to turn a hemp crop into biomass used for textiles. According to Evans, hemp production in America will only be successful if “produced in very localized ecosystems.” Read more HERE.

RELATED ARTICLES

The Land Report Default Featured Image
News Desk

Supreme Court Rules 9-0 Against Hawaiians' Land Claims

Last week the nation’s highest court ruled that …

Print & Gift
Subscriptions Available
Please sign me up to receive breaking news and updates from The Land Report: