Will Hemp CBD Industry Really Explode if the Hemp Bill is Passed
PALM BEACH, Florida, December 20, 2018 /PRNewswire/ --
Financialnewsmedia.com News Commentary
Hemp CBD-based products are finishing 2018 strong as the market continues to experience explosive growth. Though relatively young, Hemp CBD has been a significant player in economies around the world as CBD-based products become more available and prominent. The space has been projected to surpass $22 billion in annual revenues by 2022, according to the Brightfield Group. Current developments could change those expectations now. The passing of the Hemp Farm Bill is projected to provide even more of a boost to the already thriving industry as hemp has been effectively legalized in the United States, allowing for much more flexibility and options when it comes to creating CBD products. 2019 is shaping up to be another promising year for CBD and cannabis as momentum carries over and the market continues to grow. Active companies in the Cannabis market this week include Cannabis Strategic Ventures, Inc. (OTC:NUGS), Terra Tech Corp. (OTC:TRTC), Aphria Inc. (NYSE:APHA) (TSX:APHA), CV Sciences Inc. (OTC:CVSI), PotNetwork Holdings Inc. (OTC:POTN).
Cannabis Strategic Ventures, Inc. (OTCPK:NUGS) BREAKING NEWS: Cannabis Strategic Ventures today announces the expansion of its independent board of directors and executive team as the Company prepares to uplist to the OTCQB Venture Market Place and add additional brands and assets to its portfolio. Expanding the independent board of directors is one of the final key pieces for OTCQB uplisting.
"The following board of director and team appointments reflect the growth we've experienced as a company and our commitment to positioning Cannabis Strategic Ventures as a leader in the cannabis industry," said Simon Yu, CEO of Cannabis Strategic Ventures. "As we begin the uplisting process and take advantage of increasingly favorable cannabis legislation worldwide, having a leading team in place will allow us to quickly scale and address industry demands."
Independent Board of Directors - SEC attorney Tad Mailander has been appointed to Cannabis Strategic Ventures' independent board of directors, where he will contribute his extensive securities experience. He has been a director of American Cannabis Company, Inc. since March 13, 2018.
Also joining the board is Jesus Quintero, current CFO of MassRoots, a leading technology platform for the cannabis industry with regulated dispensary clients in multiple U.S. markets. Quintero previously served as CFO of Brazil Interactive Media and has experience in public company reporting.