Tag Archives: hemp

Exploring how industrial hemp can benefit the commonwealth

U.S. retail sales of hemp-based products could exceed $300 million annually, according to industry reports.

Starting in the 2016 growing season, Virginia Tech will begin conducting research on a crop that was part of the very fabric of the Jamestown settlement and may once again become a part of the commonwealth’s agricultural portfolio: hemp.

Following a 2015 state law that allows institutions of higher education to grow industrial hemp for research purposes, the university began researching the manner in which the crop can be grown and assessing the economic impact it could have on the commonwealth.

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Virginia Tech to research production, use, and economic impact of industrial hemp

BLACKSBURG, Va., March 19, 2015 – Virginia Tech will be able to begin research on growing industrial hemp in the commonwealth as a result of a new state law and the establishment of an industrial hemp research program by the Virginia Department of Agriculture and Consumer Services.

The bill Gov. Terry McAuliffe signed into law on Monday states that Virginia institutions of higher education can grow industrial hemp for research purposes. The Virginia Department of Agriculture and Consumer Services will issue the growing licenses. The law does not take effect until July 1.

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