| 2014 Annual Retail Sales for Hemp Products Estimated at $620 Million Hemp Foods and Body Care Retail Market in U.S. Achieves 21.2% Growth in 2014 WASHINGTON, D.C. — The Hemp Industries Association (HIA), a non-profit trade association consisting of hundreds of hemp businesses, has released final estimates of the size of the 2014 U.S. retail market for hemp products. Data from market research supports an estimate of total retail sales of hemp food and body care products in the United States at $200 million. Sales of popular hemp items like non-dairy milk, shelled seed, soaps and lotions have continued to skyrocket against the backdrop of the new hemp research provision in the Farm Bill, and increasing grassroots pressure to allow hemp to be grown domestically on a commercial scale once again for U.S. processors and manufacturers. The HIA has also reviewed sales of clothing, auto parts, building materials and various other products, and estimates the total retail value of hemp products sold in the U.S. in 2014 to be at least $620 million. Read more… |
New Zealand Hemp Industries Association
Promoting the Economic, Environmental, Health and Social Benefits of the NZ Hemp Industry