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Florida CAN Plan Towards Industry

The Florida CAN plan celebrates the creation of a new economic engine. Prohibition opens up an entire economy underground, while stalling any attempts to cultivate a hemp industry. There are a number of ways ending cannabis prohibition leads to jobs. 

When you think of a cannabis industry are you thinking of working directly with the plant, or are you more interested in an ancillary part of the emerging business? Do you think the cannabis industry should be limited to a tightly regulated medical model?

Florida CAN advocates for the full integration of cannabis into the economy. Cannabis cultivated for industrial uses is a half-billion dollar import annual industry. Industrial cannabis is being bred with low THC to meet standards set by the United Nations. The industrial cultivation of cannabis is known as hemp. 

Florida CAN understands that the creation of medical grade cannabis used for patients must meet the highest standards. We also recognize the entourage effects of cannabinoids and the need for access to the whole plant. Pairing breeders, growers and patients into a close relationship allows for plants to be created that meet the individuals needs and assures a long term supply.

A thriving cannabis market for consumers is an important part of the FLCAN plan. Science confirms that cannabis is an important part of human health. Adults should be free to cultivate cannabis for their own consumption, buy cured cannabis for recreational and ritual use, or buy cannabis/hemp food products.

Endorse the Florida CAN Plan        Get Involved

2014 Analysis of Hemp States

So far in the 2014 legislative season, industrial hemp legislation has been introduced or carried over in thirteen states: Arizona, Hawaii, Indiana, Mississippi, Nebraska, New Jersey (carried over from 2013), New York, Oklahoma, South Carolina, Tennessee, Washington (two bills carried over from 2013), West Virginia and Wisconsin. The full text of these state hemp bills may be found at:
www.VoteHemp.com/state.html#2014.

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Industrial Hemp

There are 25,000 industrial uses for the hemp plant. We discuss the politics of hemp at length through our Florida Hemp Initiative. The Florida Hemp Initiative is ramping up and we are calling for activists interested in this arena. Email FLCAN directly because the modern cannabis industry is a sophisticated blend of research, health & wellness, textiles and oils in addition to the market for cannabis itself. Changing cannabis laws in the United States turns a multi-billion dollar underground market into a flourishing, regulated industry.

The Underground Economy Goes Public

The International Black Market in cannabis is estimated to be over $100 Billion dollars annually.

In the United States, 23 states and the District of Columbia have created protections for patients using cannabis. Entrepreneurs taking advantage of the market place created name brands, specialty strains and developed recipes for a variety of delivery methods. 

In legal states, new businesses were created to grow, process, test, package and distribute cannabis. The industry depends upon a network of suppliers providing everything from seeds to packaging

Hemp, Health and Wellness

Hemp oil contains the highest concentration of polyunsaturated fatty acids (80%) in the plant kingdom. Two of these essential fatty acids (EFA) linoleic acid (omega-6) and alpha-linolenic acid (omega-3) are perfectly balanced for human nutritional requirements.

Added to the value of hemp oil is the presence of a rare fatty acid, gamma-linolenic acid (GLA), which is used to treat ailments such as neurodermatitis, arthritis and premenstrual syndrome. 

Hemp in the United States is currently estimated to be between a $40 and $100 million dollar industry.

Medical Research is an Industry

The National Institute of Health devotes 80 percent of its $31 billion budget to research grants. Since 2001, the Federal Government, acting through Health and Human Services has applied for and received patents on cannabinoids, the name given to a class of chemicals found in the cannabis plant. 

Over the 20th century, cumulative gains in life expectancy were worth over $1.2 million per person for both men and women. Reduced mortality from heart disease alone has increased the value of life by about $1.5 trillion per year. The potential gains from future innovations in health care are also extremely large. 

Even a modest 1 percent reduction in cancer mortality would be worth nearly $500 billion. Read the full report (opens in a new tab).

2012 Hemp Commodity Report

In 2012, the Congressional Research Center released its first report on hemp as an industrial commodity. 

Read the full report here (opens in a new tab).

Hurds and Seeds for Textiles and Oils

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The 'Cole Memo' Issues Guidelines

On August 29, 2013 the US Department of Justice Office of the Deputy Attorney General issued guidelines for states considering reforming their cannabis laws.Known as the "Cole Memo" the Department outlines eight priorities in enforcing the Controlled Substance Act against marijuana-related conduct.

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Federal Government Issues Banking Guidelines

The final hurdle to legitimize the cannabis marketplace is banking. Money-laundering statutes make handling the proceeds of illegal drug sales a big no-no for banks.  Federal banking guidelines released on February 14, 2014 are a sweet-heart gift for the blooming cannabis industry. The Department of Treasury memo clarifies questions by banks regarding money laundering statutes. The memo allows state-based cannabis businesses to obtain credit, process charge cards and transition from all cash businesses. Read the memo for yourself.