May 2026 – Business Plan Templates

Minnesota Hemp Industry

Minnesota’s consumable hemp product market (valued at around $200 million as of 2025) is greatly driven by the booming hemp beverage market which alone is estimated to be worth $100 million.

North Carolina is one of the largest producers of indoor floral hemp, accounting for 17.7% of total US production in 2025. The state is also a major market for hemp products with an estimated 12,000-14,000 retail stores selling hemp-derived products.

UK Hemp CBD Industry

With nearly one-in-ten adults having used CBD, UK is one of the largest CBD markets in the world, its value estimated at £386 million in 2025 and projected to reach £2.3 billion by 2030. This is driven by growing public interest, with CBD-based snacks, supplements and skincare products catching the attention of health-conscious consumers.

New York Hemp Industry

In 2025, the acreage of hemp planted held stead at 150 acres while harvested acreage improved to 130 acres, reflecting a yield rate of around 87%. New York hemp farmers mainly grow it for flower and the state’s farm-gate floral hemp production was valued at nearly $13.4 million in 2025.

Mississippi Hemp Industry

Hemp Legalization Hemp cultivation was legalized in Mississippi on June 29, 2020, through Senate Bill 2725 (Mississippi Hemp Cultivation Act). […]

Texas Hemp Industry

Texas is the leading U.S. hemp producer, accounting for 13.6% of planted acreage in 2025. With over 13,850 CBD retail shops, it’s also a major consumer market.

Global Hemp Market

Hemp is rapidly gaining global recognition as a versatile, sustainable crop with applications in building materials, food, personal care, textiles, and medicine. The rising awareness of its benefits and quickly developing regulations are projected to drive a $17 billion market by 2030.