Michigan’s hemp industry could get up to $100 million in federal funds to help it compete globally under a proposal pushed by a nationwide growers association.
The state is one of four with emerging hemp industries targeted by the National Hemp Association, along with Oregon, New York and Florida. The funding would be for developing a “regional super site” in each state to aid in the industry’s growth, said Geoff Whaling, the association’s chair.
Hemp is a cannabis plant with a very low percentage of THC, the psychoactive element of marijuana. Developing the industry could benefit Michigan environmentally and economically, Whaling said. The plant has many uses, but the state’s auto industry is what makes it a target for development.
“The biggest potential use for hemp today, outside of food, is the automotive industry,” Whaling said. “That’s why we’ve called for $100 million of that money to be allocated specifically to Michigan.”
For example BMW is planning to reduce its carbon footprint by using hemp bioplastics, a renewable resource, in production, Whaling said. The growth of electric vehicles means more opportunities because hemp rope is lightweight and can hold an electric charge like copper.