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Global Industrial Hemp Market will grow and reach US$ 17.4 Billion by 2027, from US$ 5.6 Billion in 2020
Industrial Hemp is an agricultural commodity that is cultivated for use in a wide range of products, including foods and beverages, personal care and cosmetics products, nutritional supplements, fabrics and textiles. Also yarns and spun fibres, paper, construction and insulation materials - supplementary manufacturing goods. Hemp can be grown up as a fibre, seed, or another dual-function crop. Conversely, Hemp is also from the same species of plant, Cannabis sativa, as marijuana.
The dynamic chemical present in the plant is tetrahydrocannabinol (THC). The cannabis plant has several medical as well as recreational usages. In medicine, cannabis will treat nausea, asthma, vomiting, chronic pains, and many other diseases. The plant also has physiological and psychoactive effects when taken into the body.
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