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Month: September 2018

WednesdaySep 26, 2018 9:00 am

CBD Supplements Primed to Explode Ahead of Biopharma as Farm Bill Legalizes Hemp

PsychedelicNewsWire Editorial Coverage: With Canada legalizing cannabis nationwide in October and the 2018 U.S. Farm Bill completely removing hemp from the DEA’s controlled substances list, the stage has been set for an explosion of products ranging from functional foods and supplements to CBD-based (cannabidiol) biopharma indications. U.S. farm bill legalizing hemp could make CBD an open-pit gold mine. List of demonstrable CBD health benefits growing daily. CBD growth may outpace entire cannabis market combined. Even before the landmark inclusion of the Hemp Farming Act of 2018 in this year’s Farm Bill, plant-based nutrition experts at leading omni-direct lifestyle company Youngevity…

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TuesdaySep 25, 2018 9:00 am

Something for Everyone: Baby Boomers Signify Shift in the Cannabis Market

PsychedelicNewsWire Editorial Coverage: Since they came onto the scene after World War II, baby boomers have heavily impacted the world around them, and their influence is being felt now in the emerging cannabis market. A recent survey has shown a significant increase in cannabinoid-derived product consumption in the United States, most notably among baby boomers. With a combination of disposable income, health issues and liberal attitudes towards drugs, baby boomers represent a natural market for cannabis companies. This trend also signifies wider growth and diversification of products and customers in the industry. Marijuana Company of America, Inc. (OTC: MCOA) (MCOA…

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WednesdaySep 19, 2018 9:00 am

Canadian Cannabis Legalization Set to Transform the Industrial Hemp Industry

PsychedelicNewsWire Editorial Coverage: The legalization of cannabis in Canada is about to bring big changes not just for medical cannabis companies but for hemp growers as well. The law legalizing recreational cannabis in Canada will come into force on October 17. This will create new opportunities for hemp growers to produce the plant for CBD extraction. Hemp growers will now be able to profit from all parts of the plant. Cannabis companies are experimenting with growing techniques, expanding their businesses, and seeking supply agreements in preparation for the change. Marijuana Company of America Inc. (OTC: MCOA) (MCOA Profile), which grows…

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WednesdaySep 12, 2018 9:00 am

Latest Farm Bill Developments Hold Out Hope for Hemp Farmers

PsychedelicNewsWire Editorial Coverage: After years of wrangling, the U.S. Congress stands on the verge of legalizing the cultivation of industrial hemp. Hemp is a variety of the cannabis sativa plant that doesn’t generate a psychoactive effect. Traditionally used to produce cloth and rope, hemp can also now be used in wellness products and food. Competing legislations by the House and Senate are being aligned with an anticipated September 30 deadline. The legalization of hemp has cross-party support and appears likely to pass. The expected change in U.S. law will be beneficial for companies such as Marijuana Company of America, Inc.…

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WednesdaySep 05, 2018 2:25 pm

Cannabis Strategic Ventures, Inc. (NUGS) Continues Expansion with Move into CBD Pet Food Supplement Line

Acquired controlling interest in The Asher House Pet CBD brand, produced with full-spectrum, whole-plant hemp, free of THC and pesticides An estimated $72.13 billion will be spent on pets by Americans during 2018, with over $33 billion spent on veterinary care, supplies and OTC medicines Percentage of U.S. households with a pet increased from 56 percent in 1988 to 68 percent in 2018 Sales of CBD products to U.S. consumers estimated to reach $2.1 billion by 2020, with $450 million coming from hemp-based sources The U.S. cannabis market is growing at an accelerated rate; industry analysts projecting a $50 billion…

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WednesdaySep 05, 2018 1:30 pm

Sugarmade, Inc. (SGMD) Establishing Strong Position in Billion-Dollar Hemp Industry

Sugarmade announces $1 million investment in hemp company growing ultra-high CBD industrial hemp Sugarmade CEO becomes Hempistry advisor, shareholder ‘Lucrative’ supply agreement offers tremendous opportunity in fast-growing sector One of the largest publicly traded hydroponics supply companies, Sugarmade, Inc. (OTC: SGMD) is joining the ranks of savvy businesses that have chosen to enter the burgeoning hemp market. Last year, the U.S. hemp industry topped out at an impressive $820 million in revenue, and that total is expected to reach more than $1 billion by the end of 2018, with a 14 percent compound annual growth rate forecast through 2022. Sugarmade…

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