As Hemp Bill is on Brink of Legalization Cannabis Stocks Poised for Green Rush

PALM BEACH, Florida, December 19, 2018 /PRNewswire/ --

FinancialNewsMedia.com News Commentary 

The cannabis market is aiming to end 2018 on a high note after a year full of momentum from moments like Canada's full-legalization, the Farm Bill in the United States and overall growth on the consumer side as more and more people have access to both Cannabis and CBD-based products. In America, the Hemp Bill is a massive step toward the end of prohibition of cannabis as a whole, on track to being legal across the U.S. which is expected to generate massive growth opportunities in the cannabis industry. Tucked inside the Farm Bill are several provisions that clear the way to making industrial hemp a regular agricultural crop, fueling experts belief the hemp market itself could generate annual revenues north of $20 billion by 2020. From a business opportunity idea, with industrial hemp expected to be treated like any other agricultural product many anticipate several key roadblocks that have slowed growth to be removed, namely free access to the federal U.S. banking system, unrestricted interstate commerce as well as access to federally backed farm support programs. Active Companies from around the market with current developments this week include: Sugarmade, Inc. (OTC:SGMD), Medical Marijuana Inc. (OTC:MJNA), Hemp Inc. (OTC:HEMP), Marijuana Company of America Inc. (OTC:MCOA), Kali Inc. (OTC:KALY).

Sugarmade, Inc. (OTCPK:SGMD) BREAKING NEWS: Sugarmade believes the passage of the U.S. Farm Bill, which includes specific hemp cultivation and legalization provisions creates additional revenue and investment opportunities for the Company as farmers across the country announce plans to begin or expand the cultivation of hemp. Sugarmade provides multiple products for the cultivators and processors and is in process of bringing additional products into this marketplace.

The markets for industrial hemp, CBD oils and other hemp products are widely expected to explode upon implementation of the hemp provisions in the Farm Bill. Several analysts are now forecasting that the market for hemp and CBD will exceed even the size of the booming THC marijuana market.

"Our vast experience in the supply of cultivation, harvesting and processing products places Sugarmade in a strong position to increase its revenue and profit outlooks as dozens of new operations prepare to come online," commented Jimmy Chan, CEO of Sugarmade. "Many of our current products apply directly to the industrial hemp market, which is now opening up. Additionally, we will be marketing other products directly to this emerging market, particularly relating to post-harvest processing. We see this an important market in which we plan to be involved."