Business
CBD and Hemp Market gets Green Light as Farm Bill Becomes Law; Tilray, Canopy Growth Corporation and Entrepreneurial Companies Blaze a New Path
CBD and Hemp Market gets Green Light as Farm Bill Becomes Law; Tilray, Canopy Growth Corporation and Entrepreneurial Companies Blaze a New Path.
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[{"type":"text","content":"\nPOINT ROBERTS Wash. And DELTA, B.C., Dec. 21, 2018 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks, releases a snapshot looking at the growing global opportunity in the CBD and Hemp market as large scale deals are announced and the industry gets a green light with the historic Presidential signing of the 2018 Farm Bill.\n Many companies, both large and small, have been taking note of the potential opportunities the Farm Bill will generate and have been working diligently to be prepare for this moment. Tilray, Inc. (NASDAQ:TLRY), a global leader in cannabis research and production, plans to be one of the leaders with recent announcements of its letter of intent to purchase hemp-derived CBD isolate from LiveWell Canada , in addition to news of a joint research partnership with Anheuser-Busch InBev (NYSE:BUD) into non-alcoholic, cannabis-infused beverages. The deal with LiveWell calls for them to supply Tilray with CBD isolate made from hemp cultivated and processed in the U.S. and Canada, with first supply commencing in February 2019. The CBD isolate will be used to process finished CBD cannabis products for distribution by Tilray in Canadian and U.S. markets, subject to applicable federal and local laws and regulations. Now that the Farm Bill has been signed into law and Canada has opened the doors for edibles in 2019, the path is clear. AB InBev (NYSE:BUD) is the third alcohol company to partner or invest in a Canadian marijuana producer after Molson Coors Brewing Co. signed a joint venture with Hexo Corp. and, most famously, Constellation Brands Inc. invested in Canopy Growth Corp (TSX: WEED) (NYSE: CGC) to become the biggest shareholder in the company. Tobacco company Altria Group Inc. also announced a $1.8 billion investment in Cronos Group Inc. this month. Bruce Linton, Chairman & Co-CEO, Canopy Growth Corporation, the world's largest diversified hemp and cannabis company, commented on the passage of the Farm Bill, saying, \"Canopy Growth commends the United States government for passing the Farm Bill, a transformative piece of legislation that will create jobs and meaningful economic impact across the United States.\" \"Canopy Growth will participate in the American market now that there is a clear federally-permissible path to the market. Consistent ...