Business
BREAKING NEWS: 2018 Farm Bill About to Pass – Legalization of Hemp and CBD could grow consumer market to $22 Billion
BREAKING NEWS: 2018 Farm Bill About to Pass – Legalization of Hemp and CBD could grow consumer market to $22 Billion.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nNEW YORK, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Cannagreed.com News Commentary\n The 2018 Farm Bill, if passed, includes the Hemp Farming Act of 2018, which will remove hemp as a designated as controlled substance, legalizing the crop under federal law, which will allow CBD to be legally sold in all 50 states. The Bill, which has the support of Senate Majority Leader Mitch McConnell, is awaiting congressional approval, which would replace the 2017 Farm Bill, which expires on September 30th. The full legalization of hemp would open the floodgates for investment, providing the hemp industry with access to a full range of financial, market development and advisory services that were previously unavailable because of its classification as a controlled substance. These services include access to small business loans (SBA’s), federal crop insurance, access to banking & traditional capital markets, and unfettered USDA research. Institutional investors and private equity firms will be also be able to enter the space, as federal restrictions have restricted the ability of funds to participate in this sector. The expected passage of the 2018 Farm Bill will be beneficial for publicly traded companies in the CBD space such as Sugarmade, Inc. (OTC: SGMD) and American Premium Water Corp. (OTC: HIPH). Both SGMD and HIPH recently had coverage initiated by SeeThruEquity analysts, whom placed a price target of a $0.30 price target on SGMD and $0.15 on HIPH, and. It should be noted that these reports were done before the latest iteration of the 2018 Farm Bill included the legalization of hemp, so it’s possible with the passage of the bill that those targets might be revised upwards.  For the full research reports readers should visit www.seethruequity.com.  With the launch of their LALPINA Hydro CBD beverage, HIPH is looking to expand into other product categories in the CBD space. HIPH has commenced R&D with its new supplier on developing a hydro CBD beverage formulated specifically for the pets. The pet market is currently estimated to be a $26 Billion industry according to the market research firm Packaged Facts. HIPH CEO Ryan Fishoff commented, “The pet food industry is huge. Being a pet owner myself, I know what pet owners will do (and spend) for their pets. I recently learned that C...