Could cannabis be the answer to our energy woes?

Cannabis Sativa also known as Marijuana is gaining traction as a scientifically recognized medical treatment. Other common more slang names include weed, 420 and pot. There are 3 species of this plant but the hemp variety is one of the most intriguing forms.  Hemp for hundreds of years was widely been used in many industrial forms including in rope, textiles and clothing. The industrial uses have been less widely used in today's society because of the negative stigma against marijuana, however the countless useful  aspects of this plant are quite obvious.

Another potential use for hemp or other varieties of Cannabis is as a fuel source, much like how Algae is being studied as a method for producing oil. The early evidence of hemp based fuel has been promising.  Oil or a biomass compound would be extracted in a very similar way. Could hemp or another type of Cannabis be the energy source that finally replaces fossil fuels?

I firmly believe so strongly in this subject that it has even inspired a new project.  One that will change the face of how our energy is produced and provided. What are your thoughts? Let me know in the comments below.