Would the legalization of industrial hemp put an end to, or at least curtail deforestation?

Would the legalization of industrial hemp put an end to, or at least curtail deforestation?
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The fiber volume supplied by a tree that has taken thirty years to grow can be obtained from hemp plants in as short as three months after the seeds have been planted. In addition, the same amount of fiber only requires half the amount of land to grow on. Hemp is also more earth friendly than other plants, in the sense that it does not require herbicides or pesticides, and it enriches the soil rather than depleting it of nutrients. Excerpt from a paper I wrote last semester. Yes.
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