Cannabis oil producer in Kentucky says talk of legalizing marijuana bad for business

10/13/2017 10:27 AM

As one GOP lawmaker proposes legalizing marijuana in Kentucky for recreational uses in an effort to generate needed tax revenue, there’s already a market for cannabis in Kentucky, and at least one of those producers doesn’t want to compete with marijuana.

One of the first producers of cannabis oil and products is Kentucky Cannabis Company in Lexington; he says talk of legalizing marijuana is not helping his industry.

The owner of Kentucky Cannabis Company Bill Polyniak and his staff are in the process of processing some of their harvest for market. Eventually the hemp plants will be processed into oils that are shipped around the country.

“It just muddy’s the water even more from getting people to understand, A the medical properties of hemp, cannabidiol with itself and seriousness of that,” Polyniak told Pure Politics about talks to legalize marijuana.

The cannabis market in Kentucky is heavily regulated, the state has limits on the number of hemp producers, and the product is tested regularly for THC. Marijuana contains THC and according to most definitions industrial hemp contains far less. The two plants are strikingly similar in appearance and how they are used.

Polyniak says taxing recreational marijuana will most likely not cure the ills of the state pension problems.

“All it does is expand them, because it doesn’t solve the underlying problem, it is intellectual dishonesty to say that something like legalizing marijuana or recreational use is going to solve our issues here,” he said. “The only way we are going to get out of our pension system and our other issues is to grow, grow as a state, grow our manufacturing base, our farming base and if we don’t we wouldn’t solve our problems.”

Cannabis has been grown in Kentucky and the Midwest for decades and Polyniak expects to be in business for decades to come.

“We need to get back to business, growth, that is back with cannabis and hemp, grow with new products and innovation in the state and not trying to shake down the same old money that’s not going to work.”

He also expects the road to full acceptance of his product as a viable agricultural product will take some time.

Reporting by Richard Essex.

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