As the hemp industry grapples with regulatory challenges, Whitney Economics has drastically cut its 2030 hemp acreage forecast. The revised projection now stands at just 1.0 million acres, a stark 82% reduction from earlier estimates. This significant cut could lead to nearly $3.1 billion in lost revenue for U.S. hemp farmers. Wait-And-See StrategyFarmers are increasingly adopting a wait-and-see approach due to the uncertain future shaped by ongoing national debates and anti-hemp regulations. Whitney points to several factors for the forecast downgrade: slow policy developments on hemp in anim…