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Ready, Set, Grow – A New Era with 2018 Farm Bill; Cronos Group Inc., Canopy Growth Corporation, Tilray, Inc., Cannabis Sativa, Inc., American Premium Water Corporation
Ready, Set, Grow – A New Era with 2018 Farm Bill; Cronos Group Inc., Canopy Growth Corporation, Tilray, Inc., Cannabis Sativa, Inc., American Premium Water Corporation.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPOINT ROBERTS Wash., Dec. 11, 2018 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the growing opportunity in the sector with the expected imminent passing of the US 2018 Farm Bill.\n Senate Majority Leader Mitch McConnell got the Twitter space buzzing today when he said, “With today’s signature, my provision to legalize industrial hemp is one step closer to reality.” For investors, the big question is what does this mean for the sector when it passes? Cabot Wealth said last week in an article, What the Farm Bill Means for Cannabis Stocks, “If the Farm Bill passes with hemp legalization intact, it could herald boom times for the CBD industry, with giant retail players like Walgreens and CVS and Walmart becoming the biggest retailers. In fact, Bethany Gomez, the director of research for the cannabis research firm Brightfield Group, said, “Once CBD is fully legalized, we expect that market to absolutely explode, with sales hitting $22 billion by 2022, which is higher than the U.S. cannabis industry.” Tilray, Inc. (NASDAQ: TLRY), talking about being ready to capitalize on the Farm Bill, said on the company’s third-quarter earnings call, “Tilray’s $500 million in cash, its Nasdaq-listing and its global reach “gives us advantages to very quickly deploy capital in the U.S.” if Congress passes the farm bill, which would legalize non-intoxicating cannabidiol derived from hemp.” Making headlines in the sector recently, with news on December 7th that Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) entered into a subscription agreement with tobacco company Altria Group, Inc., Altria agreed to make an approximately C$2.4 billion equity investment in Cronos Group. “This strategic partnership provides Cronos Group with additional financial resources, product development and commercialization capabilities, and deep regulatory expertise to better position the Company to compete, scale and lead the rapidly growing global cannabis industry.” CNN, reporting on the Cronos deal sees this partnership and others benefiting even more with the passing of the Farm Bill, “Congress may finally pass the Farm Bill which would make it legal to produce hemp and potentially open the doo...