The hemp industry involves the cultivation and processing of the hemp plant, which is a variety of the cannabis sativa species. Hemp is valued for its versatile applications, including textiles, paper, biodegradable plastics, and health products. Unlike its psychoactive counterpart, marijuana, hemp contains low levels of THC, making it non-intoxicating and legal in many regions. In recent years, the hemp industry has gained momentum due to increasing interest in sustainable products and natural health remedies. The rise of CBD (cannabidiol) products, derived from hemp, has further fueled market growth, leading to new business opportunities and innovations in various sectors.