After watching this video you'll understand why they've always demonized Cannabis.
This plant is a threat to other raw materials, and doesn't respect the principle of scarcity. Since the plant is generally easy to grow, there's no way to control it—thus no profit.
Cannabis is a holistic plant. You can basically use it for everything you can imagine: as paper, medicine, oil, textile; It can be used as a dietary supplement,(being rich of omega 3) and can also be used for water and soil purification. I can go on and on...
For those who say that 'cannabis kills your braincells', please watch at 07.45!
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