Hemp Was Once Used as Currency in America

hemp currencyIn the United States, the cultivation of hemp is illegal. Hypocritically, this is despite the fact that Americans legally purchase hundreds of millions of dollars worth of hemp products; hemp cereals, lotions and clothing line the shelves of places like Wal-Mart and Costco. The ridiculousness becomes even thicker when you take into account the fact that hundreds of years ago, before modern science and research can tell us the benefits of hemp, our ancestors understood it.

In 1619, one of the first ever hemp laws was established in the then-named Virginia Assembly. The law required many colonists to grow hemp, fining those who didn’t. They did this because they felt it was so drastically important to the welfare of their society.

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Report: Cannabis Shops Make More Money Per Square Foot than Whole Foods

cannabismoney1In states where cannabis is legal, the market has unsurprisingly thrived, with huge amounts of revenue – and taxes – rolling in. Now, a new report shows that on average, legal cannabis businesses in the U.S. produce an annual revenue per square foot that’s higher than Whole Foods, one of the nations most profitable grocers.

According to the 2016 Marijuana Business Factbook, the average annual revenue per square foot of legal cannabis retail outlets (medical and recreational) is $974. By comparison, Whole Foods’ yearly revenue is $930 per square foot, roughly 5% lower.

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