Pat Oglesby, founder and director of the North Carolina-based Center for New Revenue, announced plans to disband the non-profit, which has focused on revenue from cannabis, and to invest in hemp farming.
“It’s federally legal,” said Oglesby, “and there’s a lot of money to be made — without tax shenanigans. I have lots of friends in the cannabis community. Most of them are in the recreational space, but some of them know plenty about hemp, and they are helping me navigate this transition.”
“Maybe someone else will take up the causes of thoughtful marijuana taxation, of government cannabis sales, and of reform rather than repeal of Tax Code section 280E,” he said. “It’s been a good run, but at age 70, I’ve had my say.”
“North Carolina’s hemp rules are as favorable as any, so here goes. It’s never too late to begin again. And this will be organic farming, all the way.”
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