Hemp Industry – Business Plan Templates

Medicare’s CBD Pilot Program

Starting April 1, 2026, eligible Medicare beneficiaries will be able to access hemp-derived CBD products at no cost to themselves through the Substance Access Beneficiary Engagement Initiative established by the Centers for Medicare & Medicaid Services.

Australia Hemp CBD Industry

Australia’s hemp industry is experiencing a remarkable resurgence, with plantings soaring by 119% from 2023 to 2024, driven by booming demand for sustainable construction materials and nutrient-rich hemp foods.

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 – projected to drive a $17 billion market by 2030.

New Zealand Hemp Industry

New Zealand’s new reforms – which eliminate licensing requirements for hemp cultivation and handling, raise the THC limit to 1%, and permit whole-plant utilization – bring it closer to unlocking the full potential of its hemp sector.

Update on U.S. Hemp Regulations: December 2025

Although the spending bill passed by Congress in November 2025 closed the hemp-derived THC loophole, President Trump’s December 18 executive order – calling for expanded medical cannabidiol research and access to full-spectrum CBD products – signals potential positive developments ahead for the industry.