The Farm Bill of 2018 made the cultivation, sale, and possession of hemp legal, which has led to a major boom for hemp-based CBD companies. Considering how active the hemp industry has become, having a reliable supply of stable hemp seed genetics is a priority.
Plant breeders are working to meet the demands of the market, but some breeders believe that the public is at least five years away from successfully developing those genetics, due to the time it takes to breed, trial, and select the new options. The breeders also have to build up the supply needed to keep up with demand.
Presently, breeders are in the process of creating varieties that have their desired traits, which should be able to grow in multiple climates in the United States. The president and CEO of New West Genetics, Wendy Mosher, expressed a strong economic stance for the breeding of new hemp varieties, saying that the US is the “epicenter,” because the country was “the first to know … about the cannabinoid market potential in hemp.” Mosher added that this crop is going to be “a great commercial opportunity,” primarily because of becoming the first country to establish stable genetics in their hemp.
Read more at timesofcbd.com