Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Cannabis Companies Expect Big Growth After Trump Legalizes Hemp

LOS ANGELES – January 30, 2019 – USA News Group –  Lost in all the noise created over the government shutdown is the fact that President Donald Trump just made hemp legal in all 50 states.

 

The 2018 Farm Bill Trump now signed allows for hemp cultivation and the transfer of hemp-derived products across state lines for commercial or other purposes. In anticipation of the development, a broad group of cannabis and CBD companies are preparing for adoption with efforts to fill the new demand for product including Altria Group, Inc. (NYSE: MO), Constellation Brands, Inc. (NYSE:STZ) and AmeriCann, Inc. (OTC: ACAN).

 

With this news in hand, the CBD products sector is expected to grow in leaps and bounds. One early aggregator taking the initiative is The Yield Growth Corp., which holds varied interests. The Yield Growth Corp. (CSE:BOSS) (OTCPK:BOSQF) has developed a line of wellness and beauty products that take advantage of what the hemp plant can offer legally, as well as offering the opportunity to infuse products with THC or CBD wherever they become legal. The combination is paving the way for strong growth in the burgeoning market.

 

The changing landscape for CBD

 

Now that Jeff Sessions is no longer the U.S. Attorney General, the Feds have taken the bold steps to remove all restrictions on the sale, transport, or possession of hemp-derived products produced in a manner consistent with the law. This means life for sellers of Cannabidiol, better known as CBD, just got a huge boost.

 

Sessions it seems was one of the Trump Administration’s biggest opponents to legal marijuana and without this roadblock, the opportunity for hemp and CBD is rife.

 

For a fact check, both hemp and marijuana are Cannabis plants. The difference is that hemp has less than 0.3% of THC, the psychoactive chemical that creates a high. On the other hand, marijuana has between 5-35% of THC with obvious attributes.

 

Hemp has a whole stack of industrial uses that date back a long time and can be found in food, clothing, body care products and even plastics and automobiles. One of its growing uses is for the extraction of CBD oil, another chemical in the plant that has indicated medicinal purposes, but doesn’t create the high that gives a negative stigma to marijuana use.

 

Big things ahead for CBD and hemp

 

People claim that CDB can treat ailments from anxiety, depression, and stress to insomnia, muscle inflammation, joint pain, and more. No surprisingly, the cannabis industry isn’t just selling marijuana in states where it’s legal. CBD, which is put into oils, lotions and foods, has already become a significant source of revenue for the industry in states where marijuana remains illegal.

 

A first-mover that anticipated this change is The Yield Growth Corp. (CSE:BOSS) (OTCPK:BOSQF), whose unique approach aims to sell its base products nearly anywhere in the world, and then capitalize on markets that legalize recreational use of THC or CBD. In this way, they are opening new markets with the legalization as a pathway to larger market share.

 

The Yield Growth Corp. has multiple major brands to provide a broad portfolio in the developing CBD space. Under the brand Urban Juve, they currently have a set of nearly 50 different products launching in 2019. The initial launch will consist of base products only.

 

Along with its own efforts, The Yield Growth Corp. also has granted CROP Infrastructure Corp., –which grows, produces, and sells cannabis products– the rights to distribute Urban Juve products in Italy. CROP has a strong base in California, Nevada, and Washington State, and have recently expanded into Jamaica to capitalize on the ideal growing conditions there.

 

Strong support is creating really impressive growth

 

The new law signed in by Trump means the makers of CBD products can buy raw materials across state lines and sell their products without the threat of legal issues. Equally important, the Farm Bill lets hemp growers apply for federal crop insurance and allows CBD product makers and sellers to receive financial services from banks and credit card processing companies. This is critical to business, as the inability to do non-cash financial transactions has been one of the hurdles that hamstrung the industry.

 

Many businesses support the sale of this newly legal product. They range from small to large businesses and there is a strong consensus on how the future looks with the Farm Bill signed. Ron Smalley Jr. who runs Vista Green Group, a consulting firm based in Portland, Maine put the cannabis and CBD market in perspective.

 

“In the near future, there is a great opportunity for the products controlling the raw materials and the processing of raw materials,” said Smalley. “Right now, we’re seeing a bottleneck in processing, and it costs millions to bring on new products. There are plenty of farmers, it’s the bottleneck of processing holding things back. Over the next 12 months you’ll see huge growth in the hemp industry …”

 

Cannabis producers already moving on new brands and increased supply to CBD and hemp markets may benefit greatly from the opening of these new markets. These include:

 

Altria Group, Inc. (NYSE: MO) Developments: Cronos Group Inc. (CRON) (CRON.TO) announced that the meeting materials for a special meeting of holders (the “Shareholders”) of common shares of the Company (the “Common Shares”) to be held on February 21, 2019 (the “Meeting”), including the management proxy circular dated December 31, 2018 (the “Circular”), prepared in connection with the proposed C$2.4 billion equity investment by Altria Group, Inc. (NYSE: MO) (“Altria”) in Cronos Group (the “Investment”) previously announced on December 7, 2018 , have been mailed to Shareholders and filed with the relevant Canadian securities regulators.

 

Board Recommendation – As previously announced, the Board of Directors of Cronos Group, after consultation with its legal and financial advisors, has unanimously determined that the Transaction (as defined below) is in the best interest of Cronos Group and is unanimously recommending that Shareholders vote in favor of the Transaction. The Board has received an opinion from its financial advisor, Lazard Canada Inc., that as of the date thereof and subject to the assumptions, qualifications and limitations set forth therein, the consideration to be received by the Company pursuant to the Transaction is fair, from a financial point of view, to the Company.

 

 

Constellation Brands, Inc. (NYSE:STZ), a leading beverage alcohol company, announced recently the election of Bill Newlands, president and chief operating officer, and incoming chief executive officer of Constellation, to serve as a member of its board of directors, effective March 1, 2019, on which date the size of Constellation’s board will increase from 12 to 13 members.

 

“Bill has a deep understanding of consumer trends and an ability to leverage those insights to enhance our innovation pipeline and drive incremental growth.  His extensive beverage alcohol industry experience and appreciation for the values and principles that have made Constellation successful for more than 70 years make him ideally suited to serve as our next CEO and a great addition to our board of directors,” said Constellation Brands’ Chief Executive Officer Rob Sands.

 

AmeriCann, Inc. (OTCQB:ACAN) develops, owns and supports advanced medical cannabis cultivation and processing facilities nationwide. The Company has a multi-market portfolio of over 1,000,000 square feet of sustainable cannabis production infrastructure in various stages of development.

 

For a more information about The Yield Growth Corp. and legal hemp and CBD businesses see the article at: http://equity-insider.com/2018/12/09/the-backdoor-to-a-booming-market-thc-and-cbd-infused-beauty-products/

 

Article Source:

USA News Group

USA News Group

info@usanewsgroup.com

 

Legal Disclaimer/Disclosure: This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of USA News Group only and are subject to change without notice. USA News Group assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

 

DISCLAIMER:  USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

 

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611

SOURCE USA News Group

 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.