State-legal marijuana businesses would be able to be listed on national stock exchanges and access key financial services under a bipartisan congressional bill that was filed on Thursday.
The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act is being sponsored by Reps. Troy Carter (D-LA) and Guy Reschenthaler (R-PA).
While a main thrust of the legislation is to free up cannabis industry access to financial lending and investment opportunities, in part by providing protections for private financial institutions and government agencies that provide such services to traditional markets, one section stands out as especially novel.
It would provide safe harbor for national securities exchanges and market participants that “have listed, list, or intend to list, or permits the trading, or facilitates the offering, listing, or trading on a national securities exchange, of the securities of a cannabis-related legitimate business or a service provider.”
That’s a wordy way of saying that cannabis businesses would be permitted to list on major stock exchanges like Nasdaq and the New York Stock Exchange (NYSE). It would represent a boon for the burgeoning industry, legitimizing their presence on Wall Street.
WHETHER SMOKED, eaten, or merely smelled wafting in through an open window, cannabis enjoys a special kind of fame — it is used all over the world, it is instantly recognizable, and it provokes as much controversy as it does enthusiasm. This distinct spot in the human psyche is to do with the fact people have used the plant for thousands of years. Yet despite these ancient roots, we knew surprisingly little about its birthplace and evolution — then in July, scientists announced they had solved the mystery.
THE DISCOVERY — Research published in the journal Science Advances in July, 2021, traces the ancestry of Cannabis sativa. This is the species of the cannabis plant from which the most used strains stem — sativa, by the way, roughly translates as “cultivated.”
Beyond revealing the roots of cannabis, the study demonstrates that marijuana cultivation extends further back in human history than paleoanthropologists realized — to the birth of farming. Ironically, our avid cultivation of cannabis for our own use may have in turn driven pure, wild, ancient strains of cannabis to extinction.
Co-author Luca Fumagalli from the University of Lausanne’s Laboratory for Conservation Biology told Inverse at the time: Cannabis “is one of the first cultivated crop species.”
HOW THEY DID IT — The researchers first amassed a dataset of 110 genomes from Cannabis sativa strains from across the world. Then, they used molecular analysis and advanced DNA sequencing to build phylogenetic trees for the strains.
These trees reveal how four genetically distinct groups of cannabis evolved over centuries — one of which had never been detected before in previous research.
Basal cannabis: This includes wild plants. But it also includes traditional cannabis hybrids known as “landraces,” which is a term used to denote a varietal that has been cultivated in a certain place and which has evolved specific adaptations to the environment it grows in.
Hemp cannabis: Hemp is a type of Cannabis sativa distinguished by its lower levels of tetrahydrocannabinol (THC), which is the psychoactive compound in weed. Hemp isn’t typically considered a drug like other forms of cannabis — rather, its fibers have traditionally been used to weave textiles and other materials.
“Drug” cannabis one: This group includes wild strains with psychoactive properties similar to varieties of cannabis found in China, India, and Pakistan.
“Drug” cannabis two: This group includes varieties that have been purposefully cultivated by humans around the globe for their psychoactive properties.
WHERE DID CANNABIS COME FROM?
These genetic groupings told scientists that domesticated cannabis originated in East Asia, including parts of modern China, sometime during the latter part of the Stone Age. This is the same period in human history in which dogs, sheep, goats, and other animals were also being domesticated as ancient human groups increasingly gathered in agriculture-fueled settlements.
From the results, it appears modern cannabis split from ancient basal cannabis about 12,000 years ago. The hemp and drug cannabis groups formed some 8,000 years later.
When it comes to sustainability and the fashion industry the two are discussed by individuals who seek change and protection of the environment. The fashion industry is a billion-trillion dollar market globally and unfortunately it is also responsible for more annual carbon emissions than all international flights and maritime shipping combined. Another impact it has is on our water pollution and supply.
Fashion and environmental safety can come together for a better and brighter future for generations to come and these hemp brands are doing their part to make sure that happens. Back in 1938 PopularMechanics magazine proclaimed hemp to be, “The new billion dollar crop,” stating that it could, “Be used to produce more than 25,000 products.” That long list included textiles for clothing. A remarkable find at the time, but unfortunately due to hemps relation to cannabis the two were categorized unfairly and prohibited for some while.
Now, with the benefits of hemp and cannabis being more widely recognized, we are able to reexamine what saving the planet might actually look like.
No matter your personal style, or the climate that you live in, you will be sure to find one of these brands to fit your wardrobe needs.
JUNGMAVEN grew from roots of simplicity and sustainability. In the early ’90’s JUNGMAVEN founder, Robert Jungmann, became passionate about putting a stop to clear-cutting practices that devastate the planet– and knew growing hemp offered a solution to this, as well as to many other environmental issues. At that time, hemp was not considered fashion, and Rob’s concept to design a high-quality hemp tee was born from a determination to get the industry and the public to recognize both hemp’s massive potential to heal the planet and to become a fashion-forward textile.
Waterproof hemp shoes that are super lightweight and durable. In order to make this planet a better place, 8000 Kicks took a 360º approach to define their own responsibility as a business. This means empowering customers to opt-in for a more sustainable lifestyle by providing a superior eco friendly footwear solution. It means looking to their own footprint but also their partners’, to minimize their carbon emissions. It means caring to protect the most needed members of the community, by providing comfortable and durable hemp products.
Wama’s mission is to pioneer the hemp underwear industry by making the best hemp undies in the world and constantly improving the fit, function and design. During this process they hope to bring more awareness to hemp as an option for clothing, especially underwear.
As they were studying hemp textiles they learned that hemp fabric has many benefits like being naturally anti-bacterial, super soft and breathable. They quickly realized that the best application for hemp fabric would be hemp underwear and that’s how WAMA was born.
Wama is obsessed with every detail from the stitches, pattern pieces, colors and overall design. Their desire is that everyone’s first experience with hemp underwear to be nothing short of amazing!
Dedicated to bringing the awareness of conscious consumption, honoring and preserving the old traditional crafts and skills and supporting rural and tribal populations around the world. Primitive Tribal Craft started while traveling the world, encountering fascinating lands, people, communities and their arts and crafts. They wanting to support them, keep a taste of that magic and share it with the rest of the world. Seeking to alive these skills that are fading away in our modern world. It was in their hearts to find a way of supporting the preservation of these ancient crafts, bringing awareness to the modern world about it and helping these societies to sustain.
For Primitive Tribal Craft it’s not about clothing but being a channel for evolving deeper consciousness, growth, kindness and love to all beings and the planet. They share deep passion for ideology – human rights, animals rights, environmental awareness – love to the earth and all beings. Their creations are different and break the tailored look – a lot of asymmetry, fraying, patches and tears. A combination of the ancient and modern world.
HOODLAB is a family owned and operated Hemp Concept Boutique & World Hemp Agent. Located in Denver, Colorado they produce insulated outerwear as well as year round fashion options. Being in a city of dog lovers, they were inspired to create the same durable jackets for pets.
Seeker is a gender inclusive, age inclusive elevated hemp cotton clothing collection inspired by eastern cultures uniquely designed with western silhouettes. Built around a core of richly textured organic sustainable sourced hemp and cotton, with occasional touches of silk, Seeker blends earthly materials with an otherworldly minimalism.
Recreator was founded with the intention of maximizing the beneficial effects of industrial hemp on the globe by featuring hemp fiber in their apparel line. Since 2012, their vision has remained true to cultivating key relationships in the hemp fiber supply chain in the United States and abroad. They ensure that the hemp they source from the international market is produced with sound ecological principles, while they work with U.S. farmers and processors to develop new methods to grow and mill hemp fabrics stateside–from Seed to Stitch.
Patagonia, Inc. is an American clothing company that markets and sells outdoor clothing. The company was founded by Yvon Chouinard in 1973 and is based in Ventura, California. They have hundreds of stores in 10+ countries across 5 continents, as well as factories in 16 countries.
The hemp they use in their products is grown in partnership with suppliers that use sophisticated processing techniques that minimize waste. They have developed unique performance materials by blending their hemp with organic cotton, recycled polyester and TENCEL™ lyocell.
Shanti Sutra was created by Shantell Harpster, who started with patchwork and moved towards more advanced sewing techniques. Shantell was able to hone in her refined style and skillset and found joy in creating unique hemp wear. This ignited a deep love of organic clothing, and inevitably lead her to create her own earth inspired palette while learning to hand dye on her own. She now creates her wearable art in Denver, Colorado where she finds inspiration around every corner.
Her goal is to empower all body types, genders and styles to freely express themselves with confidence. She aims to be as environmentally friendly as possible while still producing a consistent and quality product. Shanti Sutra apparel is unique because it sets itself apart from the crowd. Rest assured that you’ll stand out in any of these well thought out and executed designs.
Hempy’s has been a pioneering force in hemp clothing for over twenty five years. What started as a simple idea for a reusable hemp bag for surfboard wax in San Diego California has grown into one of the oldest and most well known hemp clothing brands in the country.
At Hempy’s they believe in making beautiful, sustainable, and healthy hemp clothing while being a force for positive change on the planet.
Tact & Stone was born out of necessity. They believe it’s their responsibility to rethink the way clothes are designed, made, and consumed. Their mission is to: CHANGE MORE THAN YOUR WARDROBE. They strive to be the best option for thoughtfully designed garments with style and purpose. Tack & Stone wants to make it easy for every person to express their individuality through style while having a positive impact. They want you to look good, feel good, and do good.
Sweet Skins is a minority women owned eco-clothing company. Using the latest and greatest in ecologically sound fibers and conscious clothing manufacturing; fabrics like eco-fleece, hemp, organic cottons and wool for their low impact processing and superior texture and quality. Dyes are low impact and everything from fabric scraps to paper products are recycled or reused.
K. Crystal Carter is a cryptocurrency and blockchain enthusiast who is originally from Oakland, California. She has 7.5 years of experience in the financial industry, and 6 years of being a cannabis hydroponics grow director and cannabis advocate at local City Hall meetings. She currently resides in Las Vegas as one of the lead Earthy Realist team members.
On average, growing a gram of cannabis inside a commercial grow produces as much greenhouse gas as driving a car for nine miles.
Out of a pool of 1,011 cities modeled by researchers at Colorado State University, the location with the least greenhouse gas emissions from indoor cannabis cultivation was Long Beach, CA, where growing an ounce produces 143 pounds of carbon dioxide.
The city with the highest emissions was Kaneohe Bay, Hawaii, where producing the same amount of indoor cannabis results in 324 pounds of CO2, a stat that’s roughly equivalent to burning 16 gallons of gasoline.
Grow Where It’s Temperate
The Nature study is based on a new model of indoor grow inputs and outputs from Ph.D. student Hailey Summers in CSU’s School of Global Environmental Sustainability.
“We built a model from the ground up that models commercial cannabis energy needs and material needs,” says Summers, a graduate student studying mechanical engineering. “So how much water does a commercial facility generally need, how many fertilizers, what types and then also a full HVAC system.”
The report shows in Colorado, the greenhouse gas emissions from the commercial cannabis industry are on par with other sectors such as coal mining and trash collection, sitting at about 1.3% of the state’s annual emissions total. Many Colorado cities ban outdoor pot-growing, and it takes a ton of energy to keep the plants happy in a controlled indoor environment. Growers in harsh, cold places such as Colorado and states in the Midwest, expend way more electricity optimizing the temperature and humidity of the indoor environment than growers in more temperate coastal climates, places like California and Washington state. That means that the best spots to grow outdoor weed are generally the best places to grow indoors.
Earthy Realist is a multidimensional company that primarily focuses on cryptocurrency, cannabis, and culture. Presenting valuable content to its global viewers from news articles to premium products. It also provides businesses a platform to advertise cryptocurrency, blockchain, cannabis, and CBD-related goods and services.
Why Cryptocurrency & Cannabis?
Cryptocurrency is the solution to the cannabis industry’s banking problem that stems from the DEA’s outdated Schedule I status of cannabis as a controlled substance instead of the natural healing plant that it is. In comparison, investors of cryptocurrency and consumers of cannabis products (especially CBD) are individuals of society who understand the power of innovation and elevation.
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