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NEW ORLÉE – It seems that stores and CBD products are popping up faster than state lawmakers can regulate them.
A few days after lawmakers legalized the production of CBD and industrial hemp extract, thousands of people from across the country gathered in New Orleans Friday to attend the MJ Business Conference at the Convention Center Ernest Morial, to learn more about the industry and introduce new CBD products.
Current legislation now allows the cultivation of industrial hemp and CBD extracts with less than 0.3% THC, giving entrepreneurs a breath of optimism.
Jonathan Andry, who runs NOLA Hemp, was a local at the conference. His shop sells CBD excerpts in the central business district. He said that he had been looking for new contacts for the conditioning of his oils.
Due to the previous ban, Andry's product is currently manufactured in Colorado. Soon, however, he might be able to bring him home, which would give him more control over the production.
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"I would have greater knowledge if it was formulated in Louisiana with hemp grown in Louisiana," Andry said.
It's only one example of a local retail business enjoying the change of law.
"The general acceptance of cannabis products has changed dramatically in recent years," said Cassandra Farrington, founder and CEO of the MJBiz conference.
The Convention Center's trading room was full of cannabis-related products, from farming materials to mining equipment to legal advice.
RELATED: Hemp, CBD Regulatory Plan Supported by Lawmakers of Louisiana
Scientific Systems, a Baton Rouge company, designs petroleum extraction tools. Today, they focus on manufacturing "coolers" for cannabis oil extraction.
"It's a firecracker that's going to explode – it's like we're getting in front of all the major alcohol companies right after prohibition," Kapany said.
Some offices away, Widgett Scientific's representatives sold their glassware that captures the cannabis oil after the plant material has been burned.
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"We need to stop turning to oil and gas for such measures, it's environmentally friendly," said Chris Cheramie of Widgett Scientific.
Kyle Turley, a former Saints offensive lineman, also attended the convention. He was promoting a range of products that he thought could help relieve injuries, especially when playing sports.
"I have plaques, screws, bones on bones and surgeries, and to this day, I only use cannabis, not opiates," Turley said.
While other states that have licensed cannabis-based products (with the THC psychoactive ingredient) are reaping incredible incomes, even without this, industrial hemp and CBD extract should have a considerable impact in Louisiana.
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