Universities Begin Embracing Cannabis Opportunities
May 13th, 2015
Policy, Top News
The legal cannabis industry brought in $2.4 billion last year, according to ArcView Market Research, which has attracted private and public companies to the space. At the same time, mainstream investors like Peter Thiel have committed large amounts of capital to the space, which should continue to expand the number of companies, while ongoing regulatory changes should drive market expansion.
The problem is that there is no formal education geared toward the cannabis industry, since the drug remains a Schedule I Controlled Substance. Often times, companies must hire from related industries – such as plant botany – or rely on employees’ experience in the illegal side of the industry in order to help customers decide which options are best for them to meet their medical needs.
The good news is that some forward-looking schools are already preparing to begin such educational programs. In Illinois, Illinois State University (“ISU”) plans to weave some cannabis culture into its current ag and horticulture classes, despite anti-cannabis federal laws and the negative stigma associated with the cannabis industry from years of demonization by leaders and the media.
“That’s something we really haven’t encouraged in the past obviously in the university, since it’s been against the law,” said Dr. Rob Rhykerd, Chair of the Agriculture Department at the school in an interview with CI News Now. “But as things have changed, this could be an interesting opportunity for some of our students.”
In the meantime, a number of private organizations have sprung up to fill the gap, including Cannabis Training University, THC University, and Cannabis University Colroado, among others. These specialized programs provide valid instruction for those interested in the industry, but may not offer the same level of broad knowledge afforded to traditional four-year universities.
These dynamics are likely to change as cannabis becomes increasingly mainstream, especially if the federal government decides to reclassify the drug.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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