Few farmers will return to hemp or choose hemp over canola in 2024. A modest increase in production near fibre processing plants in Alberta is possible, but an acreage jump for hemp seems unlikely, says a leader in Canada’s hemp industry. | File photo

Status quo likely for hemp acres

WINNIPEG — In theory, Canadian acres of industrial hemp should increase in 2024. Canola prices have dropped this winter to around $13 per bushel, so there could be opportunity for an alternative crop like hemp to grab some acres. Related story: Hemp sector sees success in hybrid varieties During the winter, production contracts were around […] Read more

A field of hemp plants.

U.S. hemp industry hopes for better times ahead

More serious players are looking at the food and fibre markets now that the CBD oil craze seems to have run its course

From about 2017 to 2020, thousands of new players entered the hemp business in America, hoping to capitalize on claims that growing, processing and selling hemp CBD would become a massive industry.