Industrial Hemp Operations Expansion Continues To
Post# of 7775
Coral Springs, FL -- August 23, 2016 -- InvestorsHub NewsWire -- With approved pilot programs and increased research funding, the industrial hemp sector aims to continue its success both financially and as a whole as it moves towards greater acceptance in society. Precise data are not available on the size of the U.S. market for hemp-based products, but according to Federation of American Scientists (FAS.org) current industry estimates report annual sales at more than $580 million annually. Hemp, cannabis and legal marijuana advancements are drawing more and more legit companies into the industry as the market has shown to keep close watch of Green Cures & Botanical Distribution Inc. (OTC Pink: GRCU), Medical Marijuana, Inc. (OTC Pink: MJNA), Greengro Technologies, Inc. (OTC Pink: GRNH), Hemp, Inc. (OTC Pink: HEMP) and PharmaCyte Biotech, Inc. (OTCQB: PMCB).
Green Cures & Botanical Distribution Inc. (OTC: GRCU), a medical marijuana and industrial hemp products innovator announced today that the company has finalized and closed the land lease deal to lease 20 acres of agricultural land in the Adelanto, CA area.
GRCU is well on its way to be a part of the major movement in the medical marijuana sector in the cultivation area. Now that the company has closed the leasing agreement, the company can lock down and finalize the agreement with an already established licensed grower.
Read the full GRCU Press Release at: http://financialnewsmedia.com/profiles/grcu.html
As previously stated, high profile celebrities have shown major interest to cultivate cannabis in the city of Adelanto and GRCU will be established as one of the first one-stop-shops for this huge economic opportunity alongside of these well-known entertainment celebrities. Marijuana, although legal in only a few states in the US, is one of the most popular intermediaries for Americans, who, in 2015 spent more on legal marijuana ($3.4B) than they did on Oreos ($711M). As the herbs illicit reputation is shed, it will become an ingredient engrained in our lives like any other legal and socially acceptable go-between.