Hemp expected to be multi-billion dollar industry following governor’s approval

News

Florida farmers hurt by citrus diseases and hurricanes are cleared to cultivate hemp after Gov. Ron DeSantis signed a bill late Tuesday, but more regulations still need to be set. 

Hemp comes from the cannabis plant just like CBD oftentimes used for pain, anxiety and insomnia. But hemp has a number of other uses state leaders plan to tap into.

“It is going to be something that’s going to replace all of our Styrofoam, our plastic, our paper, hempcrete,” said Florida Agriculture Commissioner Nikki Fried. “It is going to be what I call an industrial revolution across our state and the country, and it’s all biodegradable.”

There’s still work to be done before hemp products can be produced in Florida, but state leaders are banking on it to bring in a lot of money. 

“We’re going to get a tremendous amount of support, quoting this being a $20 to $30 billion industry. Of course not overnight, but certainly over the next five to 10 years,” Fried said. 

Fried’s department is now busy finalizing rules on how hemp should be regulated. 

But before all of that happens, a number of concerns must be addressed. 

Lawmakers say the hemp plant is potentially invasive and could threaten other plant life in the state if not properly controlled.

The commissioner said the agriculture department is working to have the rules finalized by this fall, with the first crops growing by next year.   

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Top Videos

6 arrested in Tampa Bay racketeering bust

Thumbnail for the video titled "6 arrested in Tampa Bay racketeering bust"

Puppies train to be superheroes at Southeastern Guide Dogs

Thumbnail for the video titled "Puppies train to be superheroes at Southeastern Guide Dogs"

Tampa Bay man runs Gasparilla race in memory of his late wife

Thumbnail for the video titled "Tampa Bay man runs Gasparilla race in memory of his late wife"

Cyber Safety Day

Thumbnail for the video titled "Cyber Safety Day"

Coast Guard remembers deadly Blackthorn crash 40 years later

Thumbnail for the video titled "Coast Guard remembers deadly Blackthorn crash 40 years later"

Hundreds expected at Polk Co. School Board meeting

Thumbnail for the video titled "Hundreds expected at Polk Co. School Board meeting"

Tampa police need help identifying suspect in machete attack

Thumbnail for the video titled "Tampa police need help identifying suspect in machete attack"

Tuesday Midday Weather Update

Thumbnail for the video titled "Tuesday Midday Weather Update"

Murder trial underway for Florida woman killed on vacation

Thumbnail for the video titled "Murder trial underway for Florida woman killed on vacation"

12-year-old child among 5 injured in head-on collision in Pasco Co.

Thumbnail for the video titled "12-year-old child among 5 injured in head-on collision in Pasco Co."

Search underway for mother missing for over a week

Thumbnail for the video titled "Search underway for mother missing for over a week"

Rep. Bell says she "articulated wrong" when she called for a school board member to be removed

Thumbnail for the video titled "Rep. Bell says she "articulated wrong" when she called for a school board member to be removed"
More Local News

Trending Stories

get the app

News App

Weather App

Don't Miss

More Don't Miss