Editor’s Choice: The Week in Cannabis & HempA new twist on weekly headlines in the cannabis and hemp industries.
As the Editorial Director at Cannabis Tech, cannabis advocate, and podcast host, I am deeply ingrained in the cannabis industry. When I’m not editing and publishing articles, or hosting A Tech Moment, I’m reading articles, press releases, and lining up new stories with PR reps. I absolutely love keeping my finger on the pulse of the industry.
In this new series, I will be sharing my week in review. From compelling headlines and topics trending in the industry to editorial comments and additional highlights on the content here at Cannabis Tech, I’m going to share my perspective with you each Friday.
Employment Opportunities on the Rise
I frequently thank my lucky stars for the opportunity to be a journalist in this industry. The growth I’ve witnessed over the last several years is astounding. Everywhere we turn in headlines these days; there’s another new estimate for just how big cannabis and hemp will be in the coming years. Fortunately, the number of workers needed to support these budding industries is also on the rise.
An article from CNBC this week emphasized the magnitude of the next job boom being created by the emerging hemp industry. While the legalization of the new commodity crop certainly creates an opportunity for agriculture and the American farmers, the hemp industry is going to create jobs for hundreds of thousands of people in a broad range of roles including, professionals such as accountants, lawyers, and insurance representatives as well as, many high-level skillsets such as engineers, researchers, and lab technicians.
Which brings up a good point, did you know we’re building a vast database of qualified, technical candidates looking to enter the cannabis and industries? Whether you’re looking for an engineer fresh out of college to bring new ideas or an experienced chemist from petroleum whose had a change of heart, if your company needs help with hiring for highly skilled positions, email [email protected], and ask about the STEM Talent Agency.
Also Continuing to Climb: Colorado Pot Tax Revenue
As ‘ground-zero’ for legal cannabis, Colorado continues to prove the economic windfall which comes with marijuana legalization. Reporting more than $6.5 billion in sales since the beginning of the recreational industry, the state has collected more than $1 billion in taxes since 2014.
So, where’s all that money going? The funds collected from pot taxes contribute to education, health care, and general reserve funds. As a Colorado resident myself, we see many projects for improved roadways and Pueblo cannabis taxes even fund scholarships for their students. Homeless housing initiatives and other projects are also underfoot in the more metro areas like Denver and Aurora.
While no one enjoys paying taxes, it certainly takes away the sting to witness so many good things happen with those dollars.
A Few Other Notable Headlines this Week
More and more states continue to embrace the hemp industry. The governor of Texas, Greg Abbott, signed House Bill 1325 this week allowing farmers to cultivate industrial hemp. The bill will enable growing hemp, under the .3% THC threshold, for an array of uses including CBD oil production.
Meanwhile, a Vermont company, Trace, just launched a new blockchain solution for buying and selling hemp across the industry. By allowing cultivators and buyers the ability to track hemp plants through the supply chain, the blockchain not only provides the connections, but it also provides assurances to both buyer and seller. “Until now, there has been no industry standard for hemp cultivators or buyers to verify their plants and products as they change hands,” said Josh Decatur, founder, and CEO of Trace stated in a press release. “By using Trace hemp growers can easily track their harvest from soil to shelf and be connected with potential buyers, putting control back in the hands of farmers in an exciting but uncertain market.”
In the Pacific Northwest, Oregon State University announced plans for a massive new research center dedicated to hemp. Based in OSU’s College of Ag Sciences, the Global Hemp Innovation Center will be the premier research hub for plant research, food and beverage innovations, pharmacology, public health and policies, as well as, hemp-related business and engineering.
Finally, new research out of China confirms that cannabis consumption by humans began thousands of years ago. A study published in the Journal of Science Advances included a team of archaeologists and chemists from the Chinese Academy of Sciences and the Chinese Academy of Social Sciences in Beijing. Using a method known as gas chromatography-mass spectrometry, researchers found traces of cannabis on stones exhumed from eight separate tombs dating back 2,500 years.
The Most Profound Lesson
The cannabis industry never ceases to amaze me, not only with its growing potential as an insanely profitable industry, but for the impact it has on people This week, during podcast tapings I spoke to two cannabis CEO’s who gladly shared their industry secrets, specifically stating they want others to learn, grow, and be successful.
Kicking the traditional mindset of competition to the side, the cannabis industry says, “Let’s show the world what we can accomplish, together.”