By 420 Intel on Friday, 24 September 2021
Category: Business News - 420 Intel

Is Michigan’s industrial hemp future in the automotive industry?

Michigan’s hemp industry could get up to $100 million in federal funds to help it compete globally under a proposal pushed by a nationwide growers association.

The state is one of four with emerging hemp industries targeted by the National Hemp Association (NHA) along with Oregon, New York and Florida. The funding would be for developing a “regional super site” in each state to aid in the industry’s growth, said Geoff Whaling, the association’s chair.

Hemp is a cannabis plant with a very low percentage of THC, the psychoactive element of marijuana. Developing the industry could benefit Michigan environmentally and economically, Whaling said. The plant has many uses, but the state’s auto industry is what makes it a target for development.

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