By the 1930s, the struggling cotton and timber industries saw hemp as a threat to their interests, and the unscrupulous newspaper tycoon William Randolph Hearst, who had lots of his money tied up in the timber industry, mounted a campaign to demonize marijuana and other cannabis plants, including hemp. In 1937, Congress passed the Marijuana Tax Act, which was followed by the Controlled Substances Act of 1970, both of which effectively shut down the agricultural production of marijuana and hemp in the U.S. — a prohibition that’s lasted to this day.
http://www.pntonline.com/2015/04/07/capitalism-made-hemp-pot-illegal/
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