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Breaking News: Congress Passes 2018 Farm Bill; Lots of Green Potential to Gain Big in this Uncertain Market
Breaking News: Congress Passes 2018 Farm Bill; Lots of Green Potential to Gain Big in this Uncertain Market.
About this update from Envirotechnologies Intl Inc
[{"type":"text","content":"\nNEW YORK, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Cannagreed.com News Commentary\n While stocks have taken a beating due to trade concerns with China and rising rates, there is green at the end of the tunnel! With Congress approving the 2018 Farm Bill, stocks in the CBD space are poised to benefit and should run counter to the current market downward trends. The passage of the 2018 Farm Bill presents a tremendous opportunity for the CBD sector to continue to grow while the rest of the market shows significant volatility. Cannabidiol, or CBD, is the non-psychoactive chemical compound found in the hemp plant. The 2018 Farm Bill will nationally legalize the cultivation and farming of that plant. This bill also allows for the national legalization of CBD, lifting many barriers that exist for full scale commercial acceptance of the compound. “This is a watershed moment for the CBD industry,” said Brightfield Group, a company that specializes in cannabis and CBD market research, which projects that the medical and recreational CBD market is expected to reach an estimated value of $22 billion by 2022. Many companies have been positioning themselves to take advantage of this huge, untapped market opportunity that the CBD and Hemp space presents. These companies present an opportunity to get in early and capitalize from expected passage of the Farm Bill before it could be too late. EnviroTechnologies International (OTC:ETII), a developer and marketer of green, natural and organic products recently announced the acquisition of CBD Health Co., a company that markets and sells high quality and proprietary hemp-based, natural CBD health products. Gaylord Karren, ETII’s CEO, commented, “We acquired CBD Health Co. because our company was founded to use green and natural products to make our environment safer and promote products that improve our quality of life.” This acquisition came after the Company’s launch of CBD Hemp Protein, which caters to the health and sports markets. This product offers a high-quality, eco-friendly compound that can support muscle gain, fat loss, and peak performance. All of ETII’s products are poised for greater distribution now that the Farm Bill has passed Congress. Cronos Group (NASDAQ:CRON) the Canadian based cannabis producer entered into a subscription agreement with toba...