It continues to be exciting as we watch the new sprouts of the Hemp industry popping up everywhere. I say by this time next year our country will be in full swing with the Hemp industry productions of much more than CBD. Now already there is a HempPlastic Plant in Boulder Colorado, Hemp Air Filters out of Arizona and Hemp Wood processing in Kentucky. This is only the beginning of the 25,000+ possible products made from Hemp that will soon be a part of our American sustainable living culture…
Here’s another great post from HempToday!
A new fund launched by Australian philanthropists Barry and Joy Lambert will provide a $2 million boost to the U.S. state of Pennsylvania’s hemp industry by supporting initiatives at Thomas Jefferson University which promote the crop.
The money will be used to establish the Lambert Innovation Fund within Jefferson’s Innovation Pillar, and to invest in hemp companies in the region. “The Lambert Innovation Fund will enable us to link ideas to impact” Stephen Klasko, president of Thomas Jefferson University told local media.
Funding innovationThe Jefferson Innovation Pillar encourages and fosters ideas with the goal of converting them into products and services. To date, Jefferson has licensed more than 100 inventions and started more than 25 new ventures that have gone on to raise upwards of $200 million
In 2016, the Lambert couple gifted Thomas Jefferson University $3 million towards medicinal cannabis and hemp research with the establishment of the Lambert Center for the Study of Medicinal Cannabis and Hemp.
