Federal Hemp Bill Will Make This Niche Industry Su
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Posted On: 08/19/2018 3:58:17 PM
Federal Hemp Bill Will Make This Niche Industry Surge
There’s also been another huge development recently, one that I’m particularly excited about. I think it could totally transform the US CBD market.
Earlier this year, US Senate Majority Leader Mitch McConnell—the most powerful Republican on Capitol Hill—introduced a bipartisan bill to legalize industrial hemp nationwide.
(Recall that “Charlotte’s Web” is a crossbreed of marijuana and industrial hemp, used for its rich CBD content.)
The bill passed the Senate in late June in a landslide 86-11 vote. It still needs to pass the House—and Trump needs to sign it—before it becomes law. Both are likely to happen within a matter of weeks.
I expect legalized hemp to be the next domino to fall on the path to full federal legalization of cannabis.
Big Tobacco is already on board. Alliance One International—a large tobacco firm—recently bought a 40% stake in a hemp producer for $10 million. Alliance One said it made the move to become a major producer of CBD.
This of course, is just the beginning. Once hemp is legal at the federal level, I expect the CBD oil market to explode.
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If McConnell’s hemp legalization bill becomes law, it would open the floodgates for hemp production, as well CBD oil extraction, on a massive industrial scale in the US.
I think the US CBD market could easily grow 10 times larger in the years ahead.
Shares of select publicly traded companies in the CBD industry could surge even higher.
This is presenting investors with another new, huge opportunity to profit from the legal cannabis megatrend. The time to position yourself is now.
https://www.caseyresearch.com/federal-hemp-bi...try-surge/
- sleek
There’s also been another huge development recently, one that I’m particularly excited about. I think it could totally transform the US CBD market.
Earlier this year, US Senate Majority Leader Mitch McConnell—the most powerful Republican on Capitol Hill—introduced a bipartisan bill to legalize industrial hemp nationwide.
(Recall that “Charlotte’s Web” is a crossbreed of marijuana and industrial hemp, used for its rich CBD content.)
The bill passed the Senate in late June in a landslide 86-11 vote. It still needs to pass the House—and Trump needs to sign it—before it becomes law. Both are likely to happen within a matter of weeks.
I expect legalized hemp to be the next domino to fall on the path to full federal legalization of cannabis.
Big Tobacco is already on board. Alliance One International—a large tobacco firm—recently bought a 40% stake in a hemp producer for $10 million. Alliance One said it made the move to become a major producer of CBD.
This of course, is just the beginning. Once hemp is legal at the federal level, I expect the CBD oil market to explode.
———————
If McConnell’s hemp legalization bill becomes law, it would open the floodgates for hemp production, as well CBD oil extraction, on a massive industrial scale in the US.
I think the US CBD market could easily grow 10 times larger in the years ahead.
Shares of select publicly traded companies in the CBD industry could surge even higher.
This is presenting investors with another new, huge opportunity to profit from the legal cannabis megatrend. The time to position yourself is now.
https://www.caseyresearch.com/federal-hemp-bi...try-surge/
- sleek
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