Robert Celt
New Member
Cultivating cannabis has become somewhat mainstream and one startup is hoping to harness the excitement of the growing trend to create a commodities trading platform for hemp, which can only be operational in 27 states, including Hawaii.
Chicago company Seed CX has applied to the U.S. regulator to become a trading venue for financial contracts on hemp seed, whole hemp plant and hemp plant extract.
The problem for the company is it is only operational in certain states, where hemp farming is legal.
However, Hawaii is included in the list of 27 states and Alexander and Baldwin Inc. is considering planting hemp for its diversified agriculture model at its Maui plantation, which will end sugar production later this year.
The U.S. Agricultural Act of 2014 allows universities and state agricultural offices to research hemp, which is part cannabis plant, like marijuana. Unlike marijuana, however, it has a very low tetrahydrocannabinol, or THC, content. THC is a controlled substance.
The act and an accompanying Senate bill allowed the University of Hawaii at Manoa to research hemp for such usesas biofuel and toxin removal for hemp in 2014.
The UH project finished in December of last year
News Moderator: Robert Celt 420 MAGAZINE ®
Full Article: Entrepreneurs Lay Plans For Hemp Derivatives, Can Be Operational In Hawaii
Author: Kathleen Gallagher
Contact: Pacific Business News
Photo Credit: eledegreen
Website: Pacific Business News
Chicago company Seed CX has applied to the U.S. regulator to become a trading venue for financial contracts on hemp seed, whole hemp plant and hemp plant extract.
The problem for the company is it is only operational in certain states, where hemp farming is legal.
However, Hawaii is included in the list of 27 states and Alexander and Baldwin Inc. is considering planting hemp for its diversified agriculture model at its Maui plantation, which will end sugar production later this year.
The U.S. Agricultural Act of 2014 allows universities and state agricultural offices to research hemp, which is part cannabis plant, like marijuana. Unlike marijuana, however, it has a very low tetrahydrocannabinol, or THC, content. THC is a controlled substance.
The act and an accompanying Senate bill allowed the University of Hawaii at Manoa to research hemp for such usesas biofuel and toxin removal for hemp in 2014.
The UH project finished in December of last year
News Moderator: Robert Celt 420 MAGAZINE ®
Full Article: Entrepreneurs Lay Plans For Hemp Derivatives, Can Be Operational In Hawaii
Author: Kathleen Gallagher
Contact: Pacific Business News
Photo Credit: eledegreen
Website: Pacific Business News
