As Hemp Bill is on Brink of Legalization Cannabis Stocks Poised for Green Rush - Seite 2

In addition to sales of hemp market related supplies, Sugarmade also holds an option to invest up to $1 million in Kentucky hemp operation, Hempistry, Inc., which recently successfully harvested its first 100 acre test crop. Plans are currently underway to significantly increase cultivation operations for the 2019 planting season.

Mr. Chan continued, "We are especially pleased with the specific provisions in the Farm Bill that include legalization of cannabidiol products. We think the inclusion of CBD into foods, beverages and other consumer products will continue to grow, creating additional markets for participants in the North American hemp industrial complex. We believe Sugarmade is very well prepared to capitalize on these booming markets." Read this and more news for Sugarmade at: http://www.financialnewsmedia.com/news-sgmd

In other industry developments and happenings in the market this week include:  

Hemp Inc. (OTCPK:HEMP) recently commented on the 2018 Farm Bill. The measure easily passed the lower chamber of the House by a 369-47 vote. The legislation, which passed the Senate in an 87-13 vote on Tuesday, allows for farm subsidies and has language that federally legalizes industrial hemp production. "This is a historic decision for our nation," said Hemp, Inc. CEO Bruce Perlowin. "Our company had the foresight to begin research granted in the 2014 Farm Bill, and have been awaiting progress on the 2018 Farm Bill for quite some time. Since our company has been operational in multiple states over the years, providing the necessary infrastructure for farmers to maximize their output, we know that this legislation will benefit local economies tremendously." According to Perlowin, Hemp, Inc. has spent $25 million on building its industrial hemp infrastructure ($3 million over the course of 5 years building out the infrastructure in Arizona, $20 million building out the infrastructure in North Carolina, and $2 million in Oregon building out its infrastructure which only took 90 days). In Oregon, Hemp, Inc. employed over 200 locals at the height of this year's harvest.

Medical Marijuana Inc. (OTCPK:MJNA) recently announced that its subsidiary Kannaway, the first hemp lifestyle network to offer cannabidiol (CBD) hemp botanical products, has been named one of the "10 Key Players to Watch in the Cannabis Industry" by Technology Headlines Magazine. "We are thrilled to be named as one of The Technology Headlines' 10 Key Players to Watch in the Cannabis Industry," said Kannaway CEO Blake Schroeder. "This kind of media coverage helps us showcase our continuing accomplishments and explain how much we care about expanding the CBD industry - continuing our mission of helping others around the world."