The Marijuana Policy Project is proud to welcome Emily Paxhia to the Marijuana Policy Project Board of Directors.
MPP’s dues-paying members elected Ms. Paxhia to the board this week following a seven-day voting period involving three highly qualified candidates. This popularly-elected board member will serve a three-year term, during which she will help guide the overall direction of the organization.
Emily shifted her focus entirely to the cannabis industry in 2013. Since that time, she has taken her experience of researching markets, companies and strategic opportunities and turned it entirely to the world of cannabis. Her focus on understanding where the market is headed, rather than where it has been has been, is critical to building a diverse portfolio of companies that span the sector.
With 15+ years in working with Fortune 500 companies to develop products, to resolve strategic errors, and to address new target audiences has been beneficial to continuing to build Poseidon's portfolio companies along their path to success.
Emily brings a qualitative lens to the review and due diligence process and has aimed to be connected and involved in as many aspects of the industry as possible. She has been seen speaking at WomenGrow Events, MJ Business Journal Conference, ArcView, Opal Investment Conferences, KQED, World Agritech Summit, Hemp Industries Association conferences, YPO and WPO events, etc. She sits on the boards of portfolio companies and also the National Hemp Association. Emily's drive to grow the portfolio is catalyzed by her intense love of the industry and her desire to provide returns to their Limited Partners.
This past weekend, volunteers gathered in Colorado’s Baca County to harvest the U.S.'s first commercial hemp crop since 1957. The crop was grown by Ryan Loflin, a Colorado resident. Hemp, a plant similar to marijuana but with only trace amounts of THC, is used to make cloth, rope, paper, oils, wax, and other products. According to Hemp Industries Association, the U.S. market sold $500 million of hemp products last year alone, but because of U.S. drug policy, all of that hemp was imported.
Hemp is illegal to grow in the U.S. because of the Controlled Substances Act of 1970, the same legislation that categorizes marijuana as a Schedule I drug along with heroin and PCP. Thanks to Colorado and Washington, growing hemp is back on the table and could be a profitable crop for farmers.