Articles Tagged with hemp

The continued expansion of legalized marijuana in states is leading to one surprising result: overproduction of cannabis businesscannabis. Oregon in particular is reporting an excess in cannabis production, which is driving down the price of marijuana at dispensaries across the state, according to Associated PressAs a result, growers are exploring more options, including hemp (a low-THC strain of cannabis used in industrial goods) and CBD oil (made from the non-psychoactive compound in marijuana, cannabidiol).

It’s hard not to recognize the irony in this latest advancement: while hemp is a benign, useful resource that makes excellent, durable fabric, paper products, and oils, it was marijuana that helped usher it back into the spotlight. Marijuana has now been legalized in 29 states and Washington, D.C., at least for medical use with a handful also allowing recreational. This is in defiance of federal regulations prohibiting the sale or use of marijuana. California was the first to allow medical use with the Compassionate Use Act of 1996. It wasn’t until 2014, however, that the Agricultural Act, Sec. 7606 allowed agricultural departments and higher learning institutions to start cultivating hemp for research. Senate Majority Leader Mitch McConnell (R-KY) recently spoke in favor of a bill that would give power over hemp regulation to the states. Continue reading

A 58-year-old woman who was raised in the Catholic faith is now the proprietor of a medical marijuana business known as Sisters of the Valley.  Last year alone, the company raked in around $750,000 in gross sales receipts according to a recent news article from Business Insider.  While this is not all profit, it does show that this is becoming quite a profitable enterprise.

marijuanaThe women who work at the company wear habits similar to those in worn by Catholic nuns, but the company is not affiliated with any Catholic order. She calls this her new calling, and this is to provide much needed medical cannabis to patients in need.  She operates the company from her home and says that she is working to erase any negative stigma commonly associated with medical marijuana.  She wants to make it clear that this is medicine with true healing ability and not just an excuse for people to smoke pot and get high. Continue reading