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Hemp industry could explode in Massachusetts if ballot measure passes in November – Marijuana News

BOSTON - A measure on track for the November statewide ballot would open the doors of the Massachusetts marketplace to legal use of recreational marijuana. But a small section in the proposed ballot measure promoted by the Campaign to Regulate Marijuana Like Alcohol would also regulate the cultivation, process, distribution and sale of hemp.

Hemp is differentiated from marijuana because it has less of the psychoactive chemical present in marijuana.

Hemp has roughly 25,000 uses, according to Morgan Paxhia, founding partner and chief investor of Poseidon Asset Management, a hedge fund that invests in cannabis and hemp-related companies.

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Gintautas Dumcius ~ MassLive.com ~

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