HEMP POISED TO BENEFIT FROM RECREATIONAL MARIJUANA'S BIG DAY – Dope Magazine
BOULDER, CO – NOV 12, 2016
While the Presidential race captured the attention of many of us here in the United States and many more around the globe, there are some of us who were focused on a different set of storylines – the 5 states (California, Massachusetts, Maine, Arizona, and Nevada) that had Recreational Marijuana initiatives on their respective ballots, and the other 4 states (Arizona, Florida, Montana and North Dakota) that had Medicinal Marijuana initiatives on theirs.
Sure enough, polls indicating that a majority of Americans favor the legalization of Marijuana received another round of validation on election night as voters in California, Massachusetts, Nevada, and Maine delivered victories for Recreational Marijuana, while voters in Florida, Montana, and North Dakota successfully turned out for Medical Marijuana in their states.
And while the popular focus, rightfully so, has been on Marijuana and its derivative products, the Hemp Industry has been similarly focused on the results of these initiatives, and is optimistic about what it all means for future growth.
“We’re obviously excited”, said Mike Leago, President of the recently launched International Hemp Exchange, based in Boulder, Colorado.. “Regulatory shifts like these are inspiring and potentially game-changing for any industry, and ours is no different.”
An increasingly popular derivative of hemp is something you’ve probably heard of. Cannabidiol, or “CBD”, can be thought of as the non-psychotropic cousin of “THC”. Full spectrum hemp oil on its own, and the diverse mix of finished goods that count it as an ingredient, continue to experience substantial anecdotal support as it relates to broader benefits for human and animal wellness.
In an effort to help increase access to hemp derived products, Leago and his team created the International Hemp Exchange (www.ihempx.com) as a digital community for the Hemp Industry where