BOSQF,...Three of the Biggest Beneficiaries of the
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Thu February 7, 2019 8:30 AM
HOUSTON, TX / ACCESSWIRE / January 7, 2019 / President Trump's State of the Union was one for the ages.
In it, he spoke of the "unprecedented economic boom" he helped usher in, including 5.3 million new jobs, 600,000 new manufacturing jobs, wages rising at their fastest pace in decades, and the fact that unemployment is now sitting at its lowest rate in decades.
In that speech, the President also highlighted the new 2019 U.S. Farm Bill.
While the bill does not legalize recreational or medicinal use of marijuana at the federal level, it will legalize hemp, officially taking if off the Schedule I list and allowing it to be "cultivated for any use," including the production an extraction of cannabidiol, or CBD. Hemp will be classified as a regular agricultural crop, meaning that U.S. growers can cultivate it and sell it.
Some of the top companies seeing a benefit from the Farm Bill include The Yield Growth Corporation (CSE:BOSS)(OTCQB:BOSQF), Cronos Group Inc. (CRON) (NASDAQ:CRON), and Aurora Cannabis Inc. (ACB) (NYSE:ACB).
The Yield Growth Corporation's (BOSS)(BOSQF) for example, just announced that its e-commerce platform will now sell its Urban Juve cannabis Sativa hemp root oil-based products in the United States thanks to the adoption of the 2017 U.S. Farm Bill.
In fact, its products are now available for sale in the U.S. through www.urbanjuve.com. In addition, the company has plans to sell its products through U.S. retailers such as pharmacies, naturopaths, clinics, salons, spas, wellness and beauty stores.
"U.S. distribution is a cornerstone of our sales strategy for all our brands. Already we have a deal in place to sell our THC and CBD infused products through a 400-retail distribution network in Oregon, and now we have launched U.S. e-commerce sales for our Urban Juve products," says Yield Growth (BOSQF) CEO Penny Green, "Our next step is to set up sales agents in California to access the world's largest cannabis market."
At the moment, The Yield Growth subsidiaries are developing and manufacturing a wide range of other personal care products containing hemp root oil and various cannabinoids. In addition, The Yield Growth is currently seeking to obtain necessary licenses to process cannabis and manufacture cannabis products in multiple jurisdictions where such products can be sold.
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https://seekingalpha.com/pr/17405193-three-bi...-farm-bill