The USDA estimates the value of the hemp crop in the United States at $824 million

According to a recent analysis, a crop legal in the North Bay area is worth $824 million in 2021, making it the first study of its like in the United States.

According to the USDA’s “2021 Hemp Acreage and Production Survey” (PDF), the value of the product grown “out in the open” was estimated at $712 million in the United States. Greenhouse and other protective canopy crops were worth $112 million, according to data from the National Agricultural Statistics Service.

USDA spokesperson Alexandra Nseir said that an independent USDA agency valued the products sold or harvested in California at $62.2 million.