Hi Katherine,
Linen and hemp have a lot of similarities to each other fiber wise. One of the main differences is that Linen averages smaller sized fibers and thus tends to feel softer than a lot of Hemp, which tends to be coarser on average.
Both are tubular and quite hollow fibers. Hemp also has little pores on the outside of the fiber, and i think is a bit more UV protective in nature. It's important to understand that Hemp is quite often mixed with a goodly amount of cotton. 55% Hemp to 45% cotton is VERY common. When i'm talking about linen and hemp properties, i'm talking 100% unless otherwise specified.
Both initially absorb more moisture than cotton, but they both release moisture a bit noticeably faster and more importantly, will feel drier significantly faster than cotton. However, they share cottons conductive nature and so pass heat directly through the fibers very well. This is mildly important in thinner and non insulating type clothing for comfort in heat. (though, in very intense, direct sun, some insulation can be a good thing).
Why do they feel drier faster than cotton though they initially absorb more moisture than same? The reason is because of the structure of the fibers. If you look at cotton fibers under a microscope, they look like flat, thin solid ribbons and very pliable. When exposed to moisture they swell up quite a bit increasing the overall size of the fibers (and thus decreasing the breathability of the garment if it's moderately tightly woven).
If you look at linen and hemp fibers under a microscope, you will note that they are tubular, rather hollow and more "stiff" or rigid in nature than cotton (they have less cellulose and more lignin than processed cotton). They are sort of like absorbent straws that suck in moisture from one side into the hollow region and then through capillary type action, fairly quickly release it through the other side to the surface.
I don't think they dry THAT much faster than cotton technically, however, like i said, they certainly will feel drier noticeably faster–and in hot, especially humid weather that increases comfort.
After testing linen in a wide range of conditions from desert to tropical at the extremes and various in betweens, i've come to consider it the most comfortable fabric for hot weather provided it is not super humid and hot at the same time aka tropical climate or weather.
In that kind of climate, even linen gets overwhelmed with moisture and doesn't wick and dry fast enough while active. However, awhile back, i bought a dress shirt made out of 65% polyester and 35% linen and it was quite nice in rather hot and humid weather.
My theoretical ideal for really hot and really humid weather would be a blend of something like 65% to 70% nylon to 35% to 30% linen, and thin and breathable as much as possible while providing significant protection from the Sun. Since linen is pretty strong stuff, and nylon very strong stuff, it's possible to make a rather thin and airy shirt from a combo of this material and still have it have decent durability.
As mentioned, my thin, slightly more nylon than tencel shirt also works really well and is very comfortable in a wide range of hot weather conditions, even very humid and hot. All the above have great to decent odor control properties with the 65% polyester/35% linen having the poorest, the some 55% nylon/45% tencel having moderately good natural odor control, and 100% linen having the best.
A poor person's and decent, but lesser substitute imo would be a blend of 75% to 80% nylon and 25% to 20% cotton for comfort in a wide range of hot weather, except in desert. The more arid the conditions, the better it is to have moisture holding properties. Cotton excels for this. If i ever get back to the desert during the summer, i would like to try wearing a thin black colored, somewhat tightly woven all cotton undershirt with a thin and more airy/breathable white cotton overshirt to see how this does in retaining body moisture while reflecting solar heat and absorbing UV.