Industrial Hemp Could Be Virginia’s Next Big Cash Crop

March 23, 2014 in Riner, VA Jim Politis, former chairman at Montgomery County VA Board of Supervisors, has a mission to revitalize industrial hemp as a crop for Virginia farmers.

An amendment in the Farm Bill passed in both the United States House and Senate allowing colleges and universities to grow hemp for academic or agricultural research purposes; however, the bill only applies to states where industrial hemp farming is already legal. Virginia is currently not a legal state for industrial hemp.

A revitalization of the industrial hemp industry is underway and the worldwide hemp sales are continuing to increase. Industrial hemp contains three raw materials: fiber, hurds and seeds. More than 25,000 products can be made out of the raw materials such as textiles, rope, cellulose plastics, resin, particle board, paper products, shampoo, vitamins and oil. Until the 1930’s Virginia legally cultivated and used industrial hemp in many products.

Industrial Hemp comes from the Cannabis Sativa plant; however, it contains less than 1 percent of the chemical responsible for psychoactive properties.  Under current United States drug policy, all Cannabis varieties, are considered Schedule 1 controlled substances under the Controlled Substance Act. Industrial Hemp is controlled and regulated in legal states by the U.S. Drug Enforcement Administration (DEA).

The Montgomery County Board of Supervisors supports the adoption of the Industrial Hemp Farming Act. H.R. 525 has been introduced to the United States Congress with the intention of removing Industrial Hemp as a schedule 1 controlled substance under the Controlled Substance Act. Politis plans to continue his campaign to repeal the prohibition of industrial hemp in Virginia.

 

Jim Politis and Rick Patterson

Home of Jim Politis in Riner, VA (March 23, 2014)
Rick Patterson and Jim Politis discussing the market for Hemp.

Rick Patterson, a local Hemp stock expert, explains, “One thing that people don’t realize is hemp is not a new crop. Hemp has been used for over ten thousand years, and as America is the largest importer of hemp products in the world, it is time for Virginia and other states to take advantage of the recent federal Farm Bill and become leaders in the inevitable upcoming industrial hemp boom.” He continues, “If Virginia doesn’t act soon, we will be playing catch up for years to come.”

 

2 thoughts on “Industrial Hemp Could Be Virginia’s Next Big Cash Crop

  1. The United States is the only industrialized nation NOT growing hemp.
    We have to import, and import we do. The US consumes almost half of the worlds industrial hemp supply. Americas farmers need to be allowed to grow hemp like they have for hundreds of years in our past, for our sustainable future.

    We can grow it Here.
    Go here:
    http://Www.VoteHemp.com
    on twitter @votehemp

  2. Great information. It’s good to read an article where all the bases are covered from revitalizing the hemp industry to hemp stocks. Keep up the good work.

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