Hemp vs. Marijuana: Meet The Innovator Capitalizing On A $28 Billion Legal Loophole | Forbes
In a building formerly owned by the pharmaceutical company Roche, in an industrial neighborhood of Indianapolis, Indiana, a state where marijuana is still illegal, a former high school quarterback with a college degree in biochemistry is surveying his warehouse filled with millions of dollars’ worth of gummies and vaporizers. The products are packed with delta-9-tetrahydrocanninol (THC), the psychoactive compound in weed known for getting people stoned.
And while local police have raided vape shops selling these cannabis products, Justin Journay, the CEO and founder of 3Chi, insists that he is operating within the letter of federal law-despite the fact that the state’s Attorney General, Todd Rokita, believes companies like his are committing a felony.
That’s because 3Chi’s products are made from marijuana’s cannabis cousin, hemp. In 2018, the federal government legalized hemp and all its derivatives, isomers and extracts through the Agricultural Improvement Act, or what’s known as the Farm Bill. And since hemp and marijuana are different varietals of the same plant-cannabis sativa L.-they contain the same compounds and hemp can be used to make products of similar potencies, or even stronger, than those found in state-regulated marijuana dispensaries around the country.
Despite what the Farm Bill states, there is still plenty of debate about whether hemp-derived THC products are legal at the federal level. That’s because several things are true all at once: hemp-derived cannabinoids, including delta-9 THC, delta-8 THC (a less potent compound that is affectionately called “weed lite” or “decaf kush”) and others, are legal under the Farm Bill if those compounds are found naturally in the plant, meaning if a company takes a heap of hemp and extracts THC, that oil is legal if it contains 0.3% THC or less. In an opinion from the 9th Circuit Court of Appeals in 2022, judges ruled that cannabinoids derived from hemp are legal under the Farm Bill, even if the substances have psychoactive properties.
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0:00 Introduction
0:48 The Legalization Of Hemp And Marijuana In The US
3:28 Justin Shares His Cannabis Offerings At 3Chi
8:29 The Farm Bill And What That Means For The Cannabis/Hemp Industry
12:52 How Does State vs. Federal Legalization Work?
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Пікірлер: 41
Cannabis should be absolutely just as legal and easy to obtain anywhere as alcohol currently is. In every single state. No exceptions. It's so easy: As legal and easy to obtain/use as alcohol currently is. Why hold relatively benign, often healing cannabis to any sort of irrational, stricter double standard than perfectly legal alcohol?
Hemp in the United States is a legal crop. It was legal in the 18th and 19th centuries, then production was effectively banned in the mid-20th century, and it returned as a legal crop in the 21st century. By 2019, the United States had become the world's third largest producer of hemp, behind China and Canada. Source Wikipedia
The plant that allowed both the Spanish Armada and the Royal Navy colonize the new world. Ships once had sails, and sails were made of hemp. Hemp: hemp was pre industrial age petroleum .
Now the landlords have a reason to raise monthly rents.. Get ready for rent inflation
wow! this is absolutely amaizng. watch til the end!
Once the 2018 Farm Bill changes, it may kill or almost kill his business.
@Reeces_Pieces
23 сағат бұрын
I feel like the backlash to that would be astronomical. It's been this way for years now and everyone sees how benign it is.
It'd be interesting to cover how to small home-grow tent market is changing
@matiasmazzo2938
23 сағат бұрын
Growers will be growers.
Benefits dont come from.delta 9 mate people do not want phara drugs delta 9 is a pharma drug
Why he just doesn’t open a start plantation for flower in a state where he can make legally flowers
@yvng_cmoney4599
5 күн бұрын
Higher taxes on weed plus stricter regulations
@DT__1
5 күн бұрын
@@yvng_cmoney4599 if there won’t a begging there won’t be a run 🙂 all this is a matter of time. And first ones always wins
@DesmondCleaver
4 күн бұрын
Thc regulation is through non fda. This is fda. Meaning sales online worldwide. Opens your market x1000
@matiasmazzo2938
23 сағат бұрын
He is a chemist. Not a botanist/farmer.
@DT__1
13 сағат бұрын
@@matiasmazzo2938 it doesn’t matter HE WANTS FLOWER. Being a chemist doesn’t mean he can’t do botany. 🙂
Down with synthetic THC ... I want the real deal, I am glad for schedule 3, so take your thc8 or whatever you call it and get twisted!
Nice video
Stop chasing thc, mixing is the way
@DT__1
6 күн бұрын
No it’s not 😊
@tonysolar284
5 күн бұрын
Stop chasing the PPFD, Yeast THC/CBD is the way.
Outstanding information,with world crisis,rising inflation and economic instability due to poor governance, consider digital assets as a means to attain financial freedom.
@hammyhamhamster5993
5 күн бұрын
The "War on Cannabis" has been a complete and utter failure. It is the largest component of the broader yet equally unsuccessful "War on Drugs" that has cost our country over a trillion dollars. Instead of The United States wasting Billions upon Billions more of our yearly tax dollars fighting a never ending "War on Cannabis", lets generate Billions of dollars, and improve the deficit instead. Especially now, due to Covid-19. It's a no brainer. The Prohibition of Cannabis has also ruined the lives of many of our loved ones. In numbers greater than any other nation, our loved ones are being sent to jail and are being given permanent criminal records. Especially, if they happen to be of the "wrong" skin color or they happen to be from the "wrong" neighborhood. Which ruin their chances of employment for the rest of their lives, and for what reason? Cannabis is much safer to consume than alcohol. Yet do we lock people up for choosing to drink? Let's end this hypocrisy now! The government should never attempt to legislate morality by creating victim-less cannabis "crimes" because it simply does not work and costs the taxpayers a fortune. Cannabis Legalization Nationwide is an inevitable reality that's approaching much sooner than prohibitionists think and there is nothing they can do to stop it! Legalize Nationwide Federally Now! Support Each and Every Cannabis Legalization Initiative!
make it federally legal. i’d rather pay the taxes on clean natural flower than have to buy synthetically made cannabinoids like these.
Can I help you?
😂
🫡💎📈
Its videos like this that bring entirely too much attention to the matter. Kiss the loophole goodbye come 2025
If it produces no seeds...its fake
@robinsss
2 күн бұрын
who said it makes. no. seeds?
@bryanheairet2925
2 күн бұрын
@robinsss can you regrow hemp seeds...yes...but hemp produces seeds ...GMO does not.
@robinsss
2 күн бұрын
@@bryanheairet2925 how do you know most hemp is GMO?
Fraud lol
@robinsss
2 күн бұрын
how?
The arm thing is a lie lol 😂
HHC gas ⛽⛽⛽, i prefer cannaclear over 3chi tho