Marijuana Company of America, Inc. (MCOA) Set to Profit from the Growth of the Legal Hemp Market
May 2, 2018
hemp-based CBD consumer products set to capitalize on burgeoning growth
A recent bipartisan bill that has been introduced to Congress, the ‘Industrial Hemp Farming Act of 2017’ (http://nnw.fm/nm4LP), provides hope for the revival of the industrial hemp industry in the U.S. The new bill has gained traction in the House, attracting a total of 43 cosponsors. If passed, it would strike hemp from the definition of “marijuana” under the Controlled Substance Act. This would mean the revival of an industrial agricultural crop that has been repressed for almost 100 years. The Farm Bill of 2014 has made it possible for 38 U.S. states to pass industrial hemp-related legislation, which allows for the growth and research of the plant via a pilot program associated with a university.
The overwhelming demand for cannabidiol (CBD) products remains unabated, and there are still attractive opportunities in the sector. Millions of people rely on non-psychoactive cannabidiol (CBD) for relief, and companies that…
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