Hemp can clothe, shelter and feed us, and while that may seem impressive enough, the hemp plant still boasts an extensive list of diverse applications that are currently being utilized worldwide: automobiles (mainstream car manufacturers are incorporating hemp into their designs), bioplastics, construction materials (hempcrete), biofuels (Henry Ford built a car of hemp, which also ran on hemp biofuel), paper (hemp is a more sustainable source of paper than trees), nutritional products (such as hemp seed oil derived from hemp seeds, Nectar CBD-type products, which have CBD-rich hemp oil for sale, etc.), body care products, fiber, insulation, animal food and bedding, etc.
Hemp, as defined in the 2014 Federal Farm Bill, is “the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration of not more than 0.3 percent on a dry weight basis.” The low THC level ensures a non-psychoactive effect for compliant hemp or hemp oil products.
Similarly, in 2014, Colorado state, under Amendment 64 to the Colorado Constitution, identified industrial hemp as “a plant of the genus Cannabis and any part of that plant, whether growing or not, containing a Delta-9 tetrahydrocannabinol (THC) concentration of no more than 0.3% on a dry weight basis.”
The passage of the Hemp Farming Act of 2018 removed hemp as a Schedule I controlled substance, re-defined the federal definition of hemp (cannabis sativa plant with <0.3% THC), established a nationwide cultivation framework and initiated access to business banking and crop insurance for farmers.