A Green Industry

  • Print

green industryNORTHEAST KINGDOM- The cannabis industry has made a lot of headway in the past several years. The two most common derivatives of the cannabis plant are THC and CBD. Though THC has not been federally legalized yet, CBD was made federally legal in December of 2018. This leaves room for further research about the medicinal qualities and applications of CBD as well as the opportunities for growers, processors, and retailers.

"Now that institutions, colleges, universities, hospitals and science programs have funding for this, people are going to learn so much more about it. To get in at the grow stage is a very good opportunity," according to hemp processor Josiah Bergeron.

With the current research that has already been done on CBD, it has been applied to a wide variety of medical treatments. Wellness Practitioner Michele Wildflower has been using CBD extract in many of her topical body products for her patients since it has become legal.

"Once CBD became legal, it was just another plant that I could utilize in my formulations and because we have receptors in our body for the cannabinoids of the plant, it just took my formulations to another level."

Nowadays, CBD is used like a band aid for many health or pain related issues. Not to retract from the medicinal properties of THC, which has also been used as an alternative to many synthetic forms of treatment.

"As far as the THC aspect, I have seen people use recreational marijuana to wean themselves off cytotropic and anxiety medications, people also use it for insomnia," says First Republic Seeds owner Doug Wilson.

Another incentive to the cannabis industry is the financial asset and opportunity for large corporations and even smaller-scale growers. Wilson notes the millions of dollars Coors Molson Corporation has invested in the cannabis industry as well Philip Morris Cigarette Company purchasing one hundred million dollars worth of cannabis stock.

"If you look at tax revenue, I feel that Vermont dropped the ball on that one. Everyone having access to it and getting taxed would be wonderful. If you go to Colorado, they've replaced 90 percent of the failing bridges and repaved thousands of miles of roads."

It is clear that the cannabis industry as a whole, CBD and THC, has the potential to counter many of the social and infrastructural issues that are faced across the nation, let alone the Northeast Kingdom of Vermont.