Hemp textiles go back in history as far as pottery. It is the soft, durable fiber made from the Cannabis plant. Hemp is known to have over 5000 uses. It can be used to make anything from food to rope. Hemp fibers produce some of the strongest most durable ropes, it also makes extremely durable cloth, paper and canvas. Another great thing about Hemp is that it is environmentally friendly, this is due to the fact that it needs very few pesticides and no herbicides.
The economic issue with hemp and all of its great features is simply that farmers, ranch owners, and everyone else who relies on hemp products in there day to day lives are forced to import hemp. Cannabis can't be produced or sold in the U.S., so the U.S. remains the country that imports the most Hemp.
If Industrial hemp was legal in the U.S., we would see reduced production costs of hemp and higher profit margins. This would also add another industry to the economy of the United States and add new markets for current hemp products and newly developed hemp products
http://www.equalrights4all.org/bach/Economy.html
http://www.druglibrary.org/schaffer/hemp/indust/ECNPAPER.html
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