Illinois Governor Gets Bill Legalizing Industrial Hemp | CashCropToday
0 Shares 498 Views

Illinois Governor Gets Bill Legalizing Industrial Hemp

May 24, 2018
498 Views

SPRINGFIELD, Ill. (AP) — The Illinois House has sent the governor a measure legalizing industrial hemp.

The House voted 106-3 Wednesday to allow hemp cultivation for commercial use . Hemp is a form of the cannabis plant distinct from marijuana. It does not produce any high-like effects and is often used in clothing or food.

Hemp was banned nationwide in 1937 for its relation to the marijuana plant. Former President Barack Obama opened the door for states to legalize industrial hemp in 2015. That removed opposition from Illinois Republicans who had blocked previous attempts to legalize the plant in the state.

Rebecca Osland is a lawyer with the pro-farming Illinois Stewardship Alliance. She says the move can add hundreds of new jobs and up to $100 million in state revenue

You may be interested

Harborside to Go Public Via Canadian Reverse Takeover in Deal Valued at C$200 Million
Market Watch
26 views
Market Watch
26 views

Harborside to Go Public Via Canadian Reverse Takeover in Deal Valued at C$200 Million

Editor - August 15, 2018

Harborside, a California based cannabis dispensary brand with multiple locations, is planning the reverse takeover of Canadian public company Lineage Grow Company Ltd. (CSE: BUDD). Lineage is…

The City of Los Angeles Has Begun Accepting Applications for Cannabis Licenses
Politics
39 views
Politics
39 views

The City of Los Angeles Has Begun Accepting Applications for Cannabis Licenses

Editor - August 15, 2018

At the beginning of this month, the city of Los Angeles finally decided to start accepting license applications from cannabis growers, manufacturers, and testing labs. Although marijuana was…

The Inception Companies to Launch First  Cannabis REIT Sponsored by an Industry-Leading Investment Firm
Market Watch
97 views
Market Watch
97 views

The Inception Companies to Launch First Cannabis REIT Sponsored by an Industry-Leading Investment Firm

Editor - August 14, 2018

Los Angeles, CA — The Inception Companies (“Inception”), a private investment firm with significant operating and investing experience across the regulated U.S. cannabis industry, is pleased to…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: