Way back when, an angry and lobby-influenced Congress passed the Marihuana Tax Act of 1937 , which effectively outlawed the possession of cannabis—including hemp—after hundreds of years of growth and use from the time of British colonization onward. While that law was repealed in the late 1960s, cannabis was quickly included as a Schedule 1 drug (the most “dangerous” class of drugs including heroin) in the Controlled Substances Act , a designation which continues to this day.
Imagine a car built with something lighter than steel that could stand 10 times the impact without denting.
Senate Majority Leader Mitch McConnell continues to be ardently anti-marijuana , despite the success of these programs and the fact that 62% of Americans say recreational marijuana should be legal. Nevertheless, McConnell and Senate Republicans read the political tea leaves and will now recognize the important differences between marijuana and hemp. In doing so, they’re creating an exciting time for entrepreneurs, CBD advocates, and farmers across the country.
This Farm Bill gives Trump Administration a powerful tool in their bargaining with China. As I wrote earlier this year in Forbes , China produces 50% of the world’s cannabis supply, with a large majority of that supply being the THC-lacking hemp variety; this gives China “massive economic potential” which “poses a threat to cannabis interests around the world and particularly in the U.S. market.”
Mr Buffett's fortune grew $US14.5 billion from a year earlier, more than anyone else, despite having donated $US2.8 billion to several charities last July.
Mr Gates' net worth rose to $US79.2 billion from $US76 billion a year earlier, putting the Microsoft Corp co-founder at the top for the 16th year in the last 21, Forbes said on Monday.
Top earners in 2015
Forbes identified a record 1,826 billionaires, up from 1,645 last year, worth a combined $US7.05 trillion.
Mr Zuckerberg, 30, rose to 16th place from 21st last year, as his net worth grew to $US33.4 billion.