$PHBI With the passage of the 2018 Farm Bill in U.

$PHBI With the passage of the 2018 Farm Bill in U.S., “CBD Dana” hemp strain is now classified as hemp because it meets the requirement of less than 0.3% of THC. The Farm Bill also does not place restrictions for any particular hemp strain that can be grown as long as the content is less than 0.3% THC. This Bill is very positive for the cultivation of hemp and for the production of its cannabinoids based products such as CBD. This makes the U.S. regulatory structure one of the friendliest to grow hemp for high, non-THC cannabinoids production. Combined super-efficient regulations and being the world’s largest economy, U.S. has become a global player in less than a year in hemp production and CBD products development. In summer of 2019, the World Health Organization also stated that CBD should not be considered a controlled substance.

Pharmagreen, a Nevada based company, is monitoring the regulatory developments for hemp in Canada and at the same time identifying expansion opportunities in US.

https://www.barchart.com/story/stocks/quotes/...des-update

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