US: "Hemp industry may be in transition, geared more toward industrial than CBD oil"

The budding hemp industry appears to be in a transition period, with research increasingly geared more toward industrial use rather than CBD oil.

A few years after legal bans were lifted on the production of cannabis’ non-potent cousin, the market is still finding its footing. Research in the Midwest has focused on the agronomics of a crop that is in its infancy.

The market for CBD oil — sold as a pain reliever and nutrition supplement — exploded but has plateaued recently. Many have always felt that the long-term potential is in industrial hemp, both grain, and fiber.

“There are more opportunities to do this kind of work,” said Phillip Alberti, one of several scientists collaborating on research and the Midwestern Hemp Database project. “We’re looking at multiple uses, whether it’s paper products, textiles, or other things. On the grain side, we’re looking at livestock feed options down the line. We didn’t have those opportunities when hemp was first legalized.”

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