The article summarizes the information on the Latvian manufactured product range expansion opportunities based on local renewable resources (hemp and flax). Since 2007 decreased sales of flax, so looked for alternatives to the cultivation of industrial crops, to ensure the functioning of the flax-processing plants. As an alternative could be the production of hemp, which Latvian is slowly being resumed. Cannabis is a huge advantage, for example, they have no natural pests, fibers rot, deteriorate. Cannabis is not a fastidious soil culture, living without mineral fertilizers and plant protection products. They improve soil structure and its biomass suppresses weeds. Like any natural material, hemp fabric is recyclable and naturally decompose. Hemp is five times stronger than cotton tarpaulins, and harder breakable of flax. In year 2009 in Latvia with hemp is planted about 200 ha. To successfully develop the industry, the need to sow hemp is at least 1,000 ha and the acquisition of 2400 tons of fiber. An important step in the development of Latvian economy is not only the fibers and the pretreatment providing, but also the processing of already finished products, which certified it as a product with added value. Thus, an opportunity to encourage the spreading of the Latvian economy.