Cannabis and Hemp Industry Riding North America Legalization Wave

PALM BEACH, Florida, May 22, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary

The multi-billion dollar cannabis industry is receiving a big push from advanced legislation efforts throughout North America, especially in Canada, where the substance will be legal for recreational use within months. In the United States alone, the overall cannabis market is projected to triple to $25 billion by 2025. Cannabidiol (CBD) is one of the quickest growing subsets of the industry as companies offer a wide variety of CBD-based products. In the U.S., marijuana enthusiasts in this past April were even more at ease than usual after a U.S. senator from Colorado said President Donald Trump had committed that his administration's stated harder policies against cannabis would not affect the state's legal marijuana business. The industry will be interesting to watch over the summer as Canada approaches recreational legalization. Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTC: MCOA), PotNetwork Holding Inc. (OTC: POTN), Hemp Inc. (OTC: HEMP), Medical Marijuana Inc. (OTC: MJNA), Aurora Cannabis Inc. (OTC: ACBFF) (TSX: ACB).

Marijuana Company of America, Inc. (OTC: MCOA), an innovative hemp and cannabis corporation, is pleased to provide an update on its New Brunswick Hemp Project with joint venture partner, Global Hemp Group Inc. (CSE: GHG/ OTC: GBHPF/ FRANKFURT: GHG) (the "Partners").

The Partners have hired Joan Parker-Duivenvoorden as fulltime project agrologist and field manager for the project. Ms. Parker-Duivenvoorden graduated from Guelph University in 1981 with a BSc (Agr) majoring in plant protection. She has over 15 years-experience with the Nova Scotia Dept of Agriculture and with the New Brunswick Soil and Crop Improvement Association ("NBSCIA"). While working at the NBSCA, she has developed strong ties in the farming community that will prove to be advantageous as the project expands from the initial group of four farmers to more than fifty farmers as envisioned in coming years. In addition to being responsible for the project locally, she will provide advisory services to participating farmers, will conduct on-farm research projects to properly monitor the behaviour of various hemp varieties in different environments of the region. She will also develop training materials to assist farmers who will join the project in subsequent years. One of the long-term research projects headed by Ms. Parker-Duivenvoorden will be to develop a profitable crop rotation for organic hemp, opening the way for organic CBD.