Mon August 26, 2013
Ag Commissioner: Business Interest in Kentucky Industrial Hemp Stronger Than Study Suggests
Kentucky's agriculture commissioner says the economic case for industrial hemp remains strong, despite a new study that paints a mixed picture.
James Comer says he still has high hopes for the crop, following the release of the University of Kentucky study that says the legalization of hemp wouldn't immediately produce the thousands of jobs some supporters have predicted.
Comer maintains there is big interest in hemp among many U.S. companies.
"We've had more than 20 companies come to our office in Frankfort about the possibility of locating in Kentucky and processing industrial hemp."
The chair of U.K.'s agricultural economics department and the study co-author, Leigh Maynard, says it could take a while for a hemp market to develop in the U.S., delaying any major economic impact on the commonwealth.