Clients Cannanative and Medical Marijuana, Inc. were featured in a Time Magazine Money article about their latest agreement with the Navajo Nation for Hemp Production.
“CannaNative has already struck a deal with cannabis products maker Medical Marijuana Inc to produce the first hemp oil products for more than 560 Native American tribes. Now, it is in talks with the Navajo Nation to begin growing hemp on reservation land in Arizona, Utah and New Mexico.
“The industrial hemp project could probably overtake Indian gaming, not only in terms of employment but also in terms of revenue to the Navajo,” said Al Henderson, a senior Navajo economic adviser, noting that the 360,000-member tribe had an unemployment rate of 40-50 percent.
Henderson did not provide data on the tribe’s gaming revenue, but the National Indian Gaming Commission estimates that the overall tribal casino industry generated nearly $30 billion in gaming revenue last year. Growing industrial hemp is an opportunity for the aging Native American population to go back to its roots with plant-based medicine and reduce dependence on the American taxpayer, CannaNative CEO Anthony Rivera told Reuters.
“We can’t wait for the federal government … so we are working with tribes to pass their own laws in consultation with federal authorities to demonstrate that we are doing this legally and responsibly,” Rivera said.
For Medical Marijuana Inc (MMI), which sells hemp oil, a deal with the Navajo Nation could help move hemp cultivation to the United States from Europe and cut costs by more than 25 percent, Chief Executive Stu Titus told Reuters”
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