Hemp May Be The Next Gold Mine
Native American tribes return to industrial hemp.
- October 20, 2016 -
Casinos on Native American land have poured billions in to tribal economies since the late 1980’s, lifting many people from poverty. Now, some hope, cultivating industrial hemp could do the same. Under U.S. law, hemp - which comes from the same family of plants that produce marijuana - can be grown only for research, with a permit from the U.S. Drug Enforcement Administration.
However, the Department of Justice opened the door for hemp cultivation by Native American tribes in 2014 when it agreed that tribes can set cannabis-related laws just as states can.
Native American-owned Canna-Native LLC said on Monday it was in final talks with the Navajo Nation, the largest federally recognized tribe, to grow industrial hemp.
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