Latest news on hemp

Here is some latest news on hemp: 1. **Industrial Hemp Market Growth**: The global industrial hemp market is expected to reach USD 46.41 billion by 2032, growing at a CAGR of 21.1%. This growth is driven by increasing demand for hemp-based products in various industries. 2. **Hemp in Beverages**: Tilray Brands has expanded its hemp-derived Delta-9 THC beverage portfolio with new 10mg format extensions for Fizzy Jane's sparkling seltzers and Happy Flower's Super Bloom Collection. This expansion is a strategic move to capture more market share in the cannabis beverage category. 3. **Hemp and USDA Programs**: Hemp is eligible for certain USDA programs, such as the Multi-Peril Crop Insurance and the Nursery crop insurance program, for hemp growers. 4. **Hemp Inc. Stock Forecast**: The stock price of Hemp Inc (HEMP) is expected to reach an average price of $0.00204 in 2025, with a high prediction of $0.00316 and a low estimate of $0.000926, indicating a significant potential upside from the last recorded price. 5. **Hemp and CBD Products**: Companies like Edify are launching premium CBD hemp and nootropic gummies, addressing stress and cognitive health with farm-sourced ingredients and COA transparency. 6. **Legal Developments**: A Colorado federal judge rejected an energy company's motion to dismiss a $200 million hemp lawsuit, finding that the company was responsible for breaking irrigation lines leading to damages. 7. **Hemp in Construction**: Hemp has been used in building construction for its light-weightiness, mold resistance, and breathability, making it a sustainable material compared to most building methods. These developments highlight the growing interest in hemp as a versatile crop with various industrial and consumer applications, as well as the expanding regulatory and market frameworks supporting its cultivation and use.