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Yes. If at least industrial hemp (cannabis) is legalized, hemp can provide a great alternate source for many of today's, separate and more costly, raw materials.
Hemp can be used to make: Textiles (like cotton), Paper (like the what The Constitution was written on), Food products (like soybeans), and even Biomass fuels.
Hemp is all grown fast and quite easily. In addition it can be grown nearly anywhere around the United States.
Of course, switching to hemp and creating an effective system of producing all these products will be costly, and most importantly against the wishes of the already-powerful-companies that do not want hemp as a competitor.
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