Although Rep. Paul has introduced several bills like this one in the past, there are several reasons that this bill should be passed now. Hemp has an amazing number of uses. Its fiber can be used in carpeting, home furnishings, construction materials, auto parts, textiles, and paper. Its seeds can be used in food, industrial oils, cosmetics, and pharmaceuticals. There are assertions, reported by The Guardian and in Biodiesel Magazine that using industrial hemp in biofuels instead of crops like corn and other feedstock provide greater environmental benefits. The expansion of industrial hemp as a feedstock for biofuels could also help to reduce oil imports.
Not only does hemp have a wide range of uses, but its cultivation in the United States could help to spur our lagging economy. Since the cultivation of hemp is outlawed in the United States, the U.S. market for hemp and hemp-based products is entirely dependent upon imports. A 2010 Congressional Research Service report cited an estimate that the U.S. market for hemp-based products may exceed $350 million annually.
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