Hemp fibers derived from Cannabis sativa L. have experienced a resurgence in popularity over the past few decades, establishing themselves as one of the most sought-after fibers. This article delves into the intricacies of the hemp production chain, offering a comprehensive understanding from field to fiber. Key aspects covered include the botany of hemp, cultivation requirements, the impact of various factors on plant growth, the harvesting process, different methods of fiber extraction, fibers properties, and suitable spinning processes. Recent studies of hemp’s Life Cycle Assessment are explored, shedding light on how it compares to other sustainable crops and providing insights into the true sustainability of hemp, substantiated by numerical data. The article also addresses challenges encountered throughout the hemp production chain and speculates on future directions that may unfold in the coming years. The overall goal of this study is to provide a knowledge base encompassing every facet of hemp fiber production. It elucidates how different technological approaches and the technical properties of fibers play pivotal roles in determining their ultimate applications. By offering a comprehensive overview, this article contributes to the broader understanding of hemp as a valuable and sustainable resource in the textile industry.