Chronic entrepreneurs blaze ahead as lawmakers clear way for hemp businesses
Gov. Ralph Northam signed a bill March 21, suddenly allowing the hemp industry to blossom in a state where it couldn’t before.
The green rush was on, and entrepreneurs across the state began jockeying for their place.
A rookie entrepreneur in Blacksburg is looking for funding for her startup that will offer hemp lab testing services. A drug researcher and former elected official are teaming up to sell hemp products after years of development. A Riner winemaker has received all the licenses he needs to add hemp derivatives to his tasting room offering.
The seedlings are sprouting up near that winemaker’s home now, prompting funny looks from Richard Obiso’s 75-year-old father.
He didn’t want to miss the first growing season, which he hopes will offer big profits.
Cannabidiol, or CBD, is the component of hemp getting people the most excited right now. It’s not an intoxicant like tetrahydrocannabinol, or THC, which is also found in hemp. Scientific research is scant, but CBD is anecdotally touted for helping with pain, stress, nausea and countless other ailments.
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