We’ve discussed the role of government purchasing in advancing hemp markets.  The purchasing power of the Federal Government gives key agencies a powerful tool for market development.  Contract spending in 2020 was more than $665 billion, a $70 billion increase from 2019. Half of this was COVID related for medical supplies and pharmaceuticals, according to the

Government contracts cover everything from guided missiles to power bills.  To see the Federal Government’s impact on innovation, one need only look at the defense sector, where the US leads the world in developing sophisticated tech for deterrence and readiness.  To see the impacts on markets, the strategic oil reserve is an example, providing an effective lever to control energy markets to some extent.

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