Articles Tagged with hemp

U.S. Senate overwhelmingly voted to pass HR-2 Agriculture and Nutrition Act of 2018, also known as the Farm Bill, which contains (among standardcannabis business food policy legislation) measures to legalize industrial hemp sales, cultivation, and processing, according to a report from Forbes. Hemp is a variety of cannabis popular for its lower concentrations of THC and higher levels of CBD, the non-psychoactive component of marijuana. This has made it ideal for creating a variety of products, from plastics to biofuel to animal feed to yarn.

The federal ban on marijuana has made no distinction between these strains of cannabis and THC-laden versions, which has caused Americans to seek out everyday products that happen to include hemp from other countries. Finally, a bipartisan group of politicians, led by Mitch McConnell (R-KY), is standing up for this common sense action. Continue reading

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