Wednesday, September 17, 2025
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
No Result
View All Result

Hemp Production Fell 50% in 2022

Keegan MacDonald by Keegan MacDonald
December 5, 2023
in Business, Featured
136
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
Views: 1,482

In a recent Congressional Research Service (CRS) report published in November, alarming statistics indicate a drastic decline in hemp cultivation across the United States. The report, drawing on data from the U.S. Department of Agriculture’s 2021 and 2022 National Hemp Report, reveals a nearly 50% reduction in hemp planting from 2021 to 2022.

According to the CRS report, the total acreage dedicated to hemp cultivation plummeted from 54,152 acres in 2021 to a mere 28,314 acres in 2022. Even more concerning is the 71% reduction in the farm-level value of total utilized hemp production, dropping from $824 million in 2021 to $238.4 million in 2022.

Breaking down the data, the report underscores significant declines in various sectors of the hemp industry. The value of hemp grown outdoors for flower experienced a staggering 71% decrease, plummeting from $623 million in 2021 to $179 million in 2022. Indoor cultivation for flower fared no better, witnessing a 62% decrease from $64.4 million in 2021 to $24.7 million in 2022.

The downturn extended beyond flower production, with hemp grown outdoors for grain experiencing a 40% reduction in value from 2021 to 2022, dropping from $6 million to $3.6 million. Hemp fiber value decreased by 32%, falling from $41.4 million to $28.3 million, while hemp grown outdoors for seed witnessed an alarming 96% decrease from $41.5 million to a mere $1.5 million in 2022.

Indoor cultivation also faced significant setbacks, with the value of hemp grown indoors dropping from $64.4 million in 2021 to $24.7 million in 2022. Notably, the value of hemp grown indoors for seed experienced a staggering 98% decrease, plummeting from $23.7 million in 2021 to a mere $600,000 in 2022. Similarly, hemp grown indoors for clones saw a 97% decrease, falling from $23.8 million to just $700,000.

The CRS report points to the USDA’s estimation that approximately 20% of hemp grown exceeds legal THC limits, suggesting potential risks to farmers operating within the USDA’s regulatory framework. This revelation raises questions about the role of regulatory challenges in the substantial year-over-year reduction in hemp cultivation. As the hemp industry grapples with these challenges, stakeholders are closely monitoring the landscape for potential policy adjustments and market shifts in the coming years.

Read the whole article here.

Previous Post

Let’s talk about marijuana for sleep

Next Post

A General Optimism at this Year’s MJBizCon

Keegan MacDonald

Keegan MacDonald

Related Posts

Cannabis Tax Cuts coming to California

Cannabis Tax Cuts coming to California

by Graham Cooper
September 16, 2025
0

There's no bigger issue within the marijuana market than too high taxes. That's especially the case in California, where rates...

House of Reps Voted to Increase Waivers for Recruits Who Smoke Cannabis

House of Reps Voted to Increase Waivers for Recruits Who Smoke Cannabis

by Keegan MacDonald
September 16, 2025
0

The U.S. House of Representatives has approved a measure that would broaden opportunities for military recruits who test positive for...

Weed Beverages sales were over a Billion last year

Weed Beverages sales were over a Billion last year

by Graham Cooper
September 16, 2025
0

Some huge numbers are coming from the youngest marijuana market in the country: beverages. It seems the canned beverage has...

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

California and New York Cannabis Brands Fight For the First MJBowl National Champion Award

by Keegan MacDonald
September 11, 2025
0

The cannabis industry will crown its first national champions this December at the debut of MJBowl, a bi-coastal competition uniting...

Next Post
A General Optimism at this Year’s MJBizCon

A General Optimism at this Year's MJBizCon

Latest

Cannabis Tax Cuts coming to California

Cannabis Tax Cuts coming to California

September 16, 2025
House of Reps Voted to Increase Waivers for Recruits Who Smoke Cannabis

House of Reps Voted to Increase Waivers for Recruits Who Smoke Cannabis

September 16, 2025
Weed Beverages sales were over a Billion last year

Weed Beverages sales were over a Billion last year

September 16, 2025
ADVERTISEMENT
Sign up for the WDD Newsletter

Categories

  • Business
  • Featured
  • Lifestyle
  • Medical
  • Politics
  • Uncategorized

Recent Posts

  • Cannabis Tax Cuts coming to California
  • House of Reps Voted to Increase Waivers for Recruits Who Smoke Cannabis

Browse by Tag

cannabis covid marijuana ban ncaa

AFFILIATES

© Weed Deep DIve. All rights reserved.

No Result
View All Result
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© Weed Deep DIve. All rights reserved.