Why Hemp Is A Cash Crop Just Waiting To Happen. Again.

Hemp is a plant that has been cultivated in parts of the world for 10-12,000 years – possibly longer – and is estimated to have between 25,000 to 50,000 uses, with 5,000 uses in the textiles industry alone. Hemp has had a bad rap in the United States, supposedly thanks to the protectionist policies of a powerful few people in government and industry who had investments in key industries including pulp and paper. Hemp was lumped together marijuana usage, and used to pass the Marijuana Tax Act, partially by misinforming Congress and leveraging racial politics of the 1930s.

The hemp plant, originating in Asia, has the scientific name Cannabis Sativa L. (Linnaeus). There are three variants of the cannabis plant: cannabis sativa sativa, cannabis sativa indica, and cannabis sativa ruderalis. The first is what is used for industrial hemp; the second associated with marijuana production. Hemp comes from a strain...

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