ALBUQUERQUE, N.M. – Quite a few investors are attempting to get in on what some are saying could be a multi-billion dollar hemp boom. In July, hemp will turn out to be legal in New Mexico. 

According to the Albuquerque Journal, neighborhood enterprise leaders are attempting to invest in the estimated $two.six billion market nationwide by 2022.

Governor Michelle Lujan Grisham not too long ago signed the initial of its type bill, expanding each industrial and industrial utilizes of hemp. It really is most usually utilized for issues like CBD oils, textiles and cosmetics.