As the cannabis industry explodes in the United States, a university in Michigan is now offering a scholarship to study cannabis chemistry.
Lake Superior State University (LSSU) is the first school to offer a scholarship to study chemistry.
On Monday, the school announced that Steadfast Labs is establishing an annual scholarship of $ 1,200 for students pursuing their degree in cannabis chemistry.
“We are very excited about this latest collaboration with Steadfast Labs,” said Dr. Steven Johnson, who serves as Dean of the College of Science and the Environment at LSSU.
A University in Michigan is now offering a scholarship to study in their cannabis chemistry program. Pictured: A student works at the Cannabis Center of Excellence at LSSU
Lake Superior State University became the first school in the country to offer a program in cannabis chemistry when they established their program in 2019
“This donation not only continues our trendsetting way of doing things in this crucial new field, but makes our already affordable tuition even more reasonable.”
“We are delighted to be awarded this unprecedented grant for a pioneering program in an innovative industry,” said Avram Zallen, CEO of Steadfast Labs.
Those applying for the scholarship must be at least sophomore with a GPA of 3.0 or above.
Preference will be given to those who live in Wayne County or Oakland County, where Steadfast Labs operates.
This is the second time LSSU has made history with their cannabis chemistry program as it was also the first to be established in the country in 2019.
Lake Superior State University offers an annual scholarship of $ 1,200 to applicants who are at least sophomores in the school with a 3.0 GPA (Photo: Cannabis Center of Excellence)
Students in the program can work towards a bachelor’s degree or an associate degree.
In addition to more typical chemistry classes, students in the cannabis program are offered classes such as Cannabis Chemistry, Cannabis Plant Sample Prep, and Cannabis Separations Chemistry.
The stated goals of the program include to ‘enable students to develop techniques for cannabis extraction and separation’ and ‘build a base of chemical knowledge with applications in the quantitative analysis of cannabis-related compounds and contaminants’.
Some of the jobs the program refers to for employment include cannabis extraction manager, field application scientist, and laboratory technician.
Pictured: Greenhouse of Walled Lake, a popular Michigan cannabis store
Steadfast Labs, which tests cannabis products for safety purposes, employs a number of analytical chemists.
The new scholarship opportunity comes as cannabis becomes an increasing part of everyday life across the country.
In Michigan, medical marijuana has been legal since 2008. Recreational marijuana was legalized in 2018, with the first dispensaries opening in the state in December 2019.
New York became the third state to legalize marijuana use this year when the bill was signed on March 31.
There are now 17 states where marijuana use is fully legalized, in addition to Washington DC. However, it remains illegal at the federal level.
Pictured: Inside of Greenhouse of Walled Lake, a popular cannabis store. The legal cannabis industry was responsible for sales of $ 17.5 billion in 2020, a new record
Growing support for legalization across the country has helped turn marijuana into a cash cow.
In 2020, legal sales of recreational and medical marijuana reached a record $ 17.5 billion.
According to the BDSA, the cannabis sales data platform that published the report, sales were up 46 percent from the previous year.
The pandemic may have helped the industry as well as new markets in states across the country.
Forbes reports that the BDSA predicts the industry will reach sales of $ 41 billion by 2026.
Illegal marijuana sales, meanwhile, are still estimated at more than $ 100 billion on an annual basis.