FDACS marks 1-year of Florida's State Hemp Program, $370M economic impact

FDACS marks 1-year of Florida’s State Hemp Program, $370M economic impact
WTXL
and last updated 2021-04-27 15:42:59-04
TALLAHASSEE, Fla. (WTXL) — April 27 marks the one-year anniversary of Florida’s state hemp program, overseen by the Florida Department of Agriculture and Consumer Services.
FDACS and its Office of Cannabis manages and regulates Florida’s hemp program and cannabis products, including CBD.
In its first year, hemp in Florida created an estimated $370 million economic impact, supported over 9,000 jobs, and generated over $17 million in federal, state, and local tax revenue, according to Agriculture Commissioner Nikki Fried.
“Florida’s state hemp program is leading the way in creating great jobs, safe and useful products, and a bright future for this new industry. It’s a great crop for Florida’s farmers with the potential for over 25,000 uses including textiles, biocomposite building materials, biodegradable packaging products, and food and medicinal products like CBD,” said Commissioner Fried.

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