American Farmers Grew $739 Million Worth Of Legal Hemp Last Year, New USDA Report Shows
Key Takeaway
Farmers in the U.S. grew three-quarters of a billion dollars worth of hemp crops in 2025—a 64 percent increase from the prior year—according to a new federal report. The new annual National Hemp Report from the U.S. Department of Agriculture (USDA) delineates data on how much of the $739 million worth of crops were grown […] The post American Farmers Grew $739 Million Worth Of Legal Hemp Last Year, New USDA Report Shows appeared first on Marijuana Moment.
What This Means for Cannabis Businesses
Tax developments like this directly impact the bottom line for every cannabis operator. With Section 280E creating effective tax rates above 70% for many businesses, any shift in federal tax policy - whether through rescheduling, court rulings, or IRS guidance - can mean the difference between profitability and closure. Cannabis business owners should work closely with a specialized CPA to understand how these changes affect their specific situation.
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This analysis is based on reporting by Marijuana Moment. Read the original article. CannaBizGuide provides original commentary and analysis - this is not legal or tax advice.