CANNABIS NEWS

THE RETURN OF THIS ANCIENT, VALUABLE CROP

CANNABIS JOBS COUNT

There are now more than 211,000 full-time jobs in the legal American cannabis industry. Jobs that the Department of Labor does not count because cannabis remains federally illegal.


34 states have legalized medical cannabis. 10 states and Washington D.C. have legalized adult use of cannabis. 


Nationwide legal cannabis sales reached $10.8 Billion in 2018.

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HEMP IS REMOVED FROM U.S. CONTROLLED SUBSTANCE LIST

Hemp is the same Cannabis Sativa plant that produces what is commonly called Marijuana. Having the same odor when flowering. Hemp by regulation contains 0.3% or less THC (tetrahydrocannabinol), the cannabinoid that is the psychoactive element in the plant.


The Federal 2018 Farm Bill removed Hemp from Schedule 1 of the Controlled Substances Act. 


Hemp is a wonderfully productive plant for fiber, food, paper products and the production of CBD (cannabidiol) the cannabinoid with great healing powers.


Hemp is among the oldest industrially cultivated plants in the world, going back more than 10,000 years in civilized cultures. The Columbia History of the World states the oldest relic of human industry is a bit of hemp fabric dating back to approximately 8,000 BC.


Presidents Washington and Jefferson both grew hemp. American farmers were at one time legally bound to grow hemp during the early times of our republic. The plant's products were necessary to the economic development of our young nation. It is said the U.S. Constitution was written on hemp paper.


This opens the door for nationally legal cultivation of hemp in all states, including California. It further complicates the future of regulating the cultivation of cannabis on the state and local levels.

UN WORLD HEALTH ORGANIZATION

On February 1, 2019, the United Nations World Health Organization published a letter recommending that cannabis and cannabis resin not be considered a controlled substance in international treaties.

U.S. FOOD & DRUG ADMINISTRATION APPROVES CANNABIS FOR EPILEPSY

EPIDIOLOX is a CBD based oral solution for the treatment of seizures associated with two rare and severe forms of epilepsy.

LEGALITY IS GROWING FAST IN THE U.S.

As of January 2019, 10 states have fully legalized all forms of cannabis. 22 additional states have legalized medical use of cannabis. That is a majority of states.


FORBES magazine says that another 9 states are likely to fully legalize cannabis use in 2019. Other states are moving to legalize it by either ballot measures or legislative acts. A majority of states may well have fully legal use of cannabis by 2020.


There are numerous bills pending in the U.S. Congress to fully legalize cannabis or to make it easier for states, were it is presently legal, to allow for banking services to cannabis related businesses. 

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