Hemp could allow us to grow fuel on land little fit for growing food. The U.S. has lots of land that has been depleted of its vital nutrients through repeated GMO corn/soy/cotton mono-cultures that need petrochemicals just to survive. Hemp could be grown on that land, prevent the soil from further eroding, requires no pesticides, can grow fine on sewage sludge or other biomass in need of recycling that is too contaminated with chemicals, heavy metals, or other potential poisons to be used for growing food, and produce a biofuel with a net EROEI significantly over 1.
Diesel engines can run on the seed oil. Methanol can also be produced from plant waste to run conventional ICEs. Both will need modification to do so, but it can be done. Couple that with cars designed to get 80+ mpg(perfectly doable 25 years ago with use of improved aerodynamics, optimized gearing, and diesel engine), and that little bit of fuel will do a lot.
Henry Ford even produced a prototype hemp and wheat straw-bodied sedan.
https://www.youtube.com/watch?v=HdkXBGKBxjw10 times as dent resistant as steel and 1/3 of the weight, and nowhere near as brittle as carbon fiber. The tensile strength of hemp fabric is impressive. It makes for an extremely sturdy and light car body, that is damned near indestructible during ordinary driving conditions when placed on a stout chrome-molly chassis with roll cage and provides a large amount of crumple during a collision. The material is extremely inexpensive and everything in it can be recycled.
There are also so many countless household uses for the plant that I shouldn't even waste my time listing them, but suffice to say, a lot less organic matter could be filling up landfills which today literally is nothing but toxic refuse with no use to be put to any longer.
The U.S. has an abundance of wasted land, which has become that way through years of abuse, that could be somewhat restored over time and also become productive with regard to our societies' resource expenditures in the present, drought be damned. We're literally burying our planet as we kill parts of it at a time. Check out a map of superfund sites in the U.S. if you really want to experience a bad trip. Instead, biotech companies are pimping "solutions" such as GMO trees, which have the potential to ruin the remainder of the little "good" land we have left.
In some states, such as Colorado, industrial hemp is rapidly on track to becoming a cash crop. It will even create some jobs, how many, remaining to be seen.
To meet the demand for biofuels in Europe, they could even be exported from the U.S. to Europe.
If one were to have enough cash, there are countless ways to make a lot of money very soon with this plant. It's too useful to ignore.
Just one more tool we could be saving our country with; to truly save it though, the government and military-industrial-prison-surveillance complex needs its OWN dose of austerity, well before that should ever be considered for the people. The middle class is being destroyed intentionally by the power elite, even though some of the destruction is self-inflicted.
The unnecessary felling of a tree, perhaps the old growth of centuries, seems to me a crime little short of murder. ~Thomas Jefferson