New York State held its first ever hemp research forum.

Farmers, business owners and researchers connected at Cornell University Wednesday, to discuss the benefits of this emerging industry.

Hemp can be used in thousands of items, from beauty products to cars.

The state's Department of Agriculture said good soil and access to water make New York an ideal place for this growth. Plus, it could boost the economy.

"At a time when many growers are looking for alternatives, they look to expand their operations and perhaps bringing that next generation on the farm,” said New York State Agriculture and Markets Commissioner Richard Ball. “Perhaps they're looking for an alternative crop when markets get difficult in one area or the other. Here's an option that can be on the table."

The Department of Agriculture says it plans to plant 35-hundred acres of hemp across New York State this year.

The United States currently imports more than $750 million of hemp a year.