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U.S. Hemp Production Soars 40% Amid THC Beverage Boom

5/6/2025

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Summary

Story summary

U.S. hemp production value increased by 40% in 2024, reaching $445 million, fueled by floral hemp and THC beverage demand.
Floral hemp cultivation surged by 159%, while outdoor crops expanded by 64%, totaling 45,294 acres.
Outdoor hemp production value jumped 46% to $417 million, with seed-specific cultivation soaring 482% to $16.9 million.
Indoor hemp production value declined by 13%, yet seed cultivation rose by 91% to $10.3 million.

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Story summary

U.S. hemp production value increased by 40% in 2024, reaching $445 million, fueled by floral hemp and THC beverage demand.
Floral hemp cultivation surged by 159%, while outdoor crops expanded by 64%, totaling 45,294 acres.
Outdoor hemp production value jumped 46% to $417 million, with seed-specific cultivation soaring 482% to $16.9 million.
Indoor hemp production value declined by 13%, yet seed cultivation rose by 91% to $10.3 million.