Investing in Cannabis and Hemp
Yes, Delta 8 THC, the active ingredient in marijuana, is officially legal in the state of New York.. Proposed bills to legalize smokable cannabis products derived from the New York Health Department and support from influential Sen. Chuck Schumer (D-NY) clearly show progressive measures towards legalizing medical marijuana, including Delta-8 THC. The difference between medicinal and recreational marijuana is that one undergoes a more rigorous screening process when licensed to use while the other does not. Smokable cannabis, including pot, remains illegal under the federal government’s position that it is Schedule I, a Schedule which effectively prohibits any substance found in the United States to have medicinal value. However, despite the U.S. Department of Justice’s announcement last August that it will not file charges against anyone involved in marijuana use, it has remained unwilling to curb its recreational marijuana supply.
Currently, medical marijuana is available in 19 states plus the District of Columbia. Legal marijuana is also widely used by persons who are suffering from serious illnesses, including cancer, AIDS and glaucoma. In addition, recreational users of delta-8 thc are able to legally grow their own cannabis at home without worrying about damaging public or private gardens. Recreational marijuana users also save substantial amounts of money on state and local taxes. But what many people do not realize is that marijuana, also known as cannabis, is a controlled substance, just like alcohol, and is considered an illegal item under federal law.
Last year, a California citizen filed a lawsuit against the state, arguing that he was being forced against his will to consume an unapproved medical marijuana derivative, delta-8 THC. According to the lawsuit, he was “put into a medically supervised drug rehabilitation program” where he was forced to take this drug. The defendant in this case was the county of Horry County, which was responsible for putting him into the program in the first place. While under the influence of delta-8 THC, the defendant began complaining about the “feeling like his organs were burning.” The court documents further stated that the victim “was unaware that he was experiencing such symptoms until the day he was admitted to the hospital.”
The Pros and Cons
Although medical marijuana is legal in many states, including California, many people still choose to grow their own cannabis at home. For many people who grow their own cannabis, delta-8 thc, cannabidiol (also know as CBD), is added to the plant during the growing process. This compound is believed to help reduce the harmful side effects of THC. However, some scientists believe that CBD is more effective at blocking the harmful effects of THC than delta-8 THC.
So, why would anyone want to invest in cannabis and hemp when it is clearly not yet legal in all states? Some argue that cannabis and hemp have only been illegally arrested because of the illegal cannabis market that continues to be run by drug dealers. Others are concerned that the government will start taxing hemp in a few years because there are no laws currently in place to regulate the production, distribution or sale of this plant. Currently, only California and Colorado have legalized the production, possession and cultivation of marijuana.
If you are interested in investing in cannabis or hemp, you should look into investing in licensed suppliers and manufacturers. Look into companies that specialize in stocking and processing cannabis and hemp. These companies often adhere to stringent quality control standards and are familiar with the health risks associated with cannabis and hemp. They are also familiar with the various rules and regulations that govern the production, transportation, sale and consumption of this controversial plant. With their experience, you can be sure that you are getting what you pay for when it comes to delta-9 thc medical cannabis products.