Well to start with if its a female and it lives after you cut it, yes it well produce bud down the road a bit. I would look in the phone book for a good nursery or a good garden supply place and go down and buy some of the stuff you need to put on cuts to get them to root. Do some more research before doing it so you know what to do and expect before you try it.

http://www.overgrow.com/growfaq/browse.php?topic=2