Business
LeafyWell a Subsidiary of PYTG Is Set to Capitalize on the Emerging Interstate Commerce Market Resulting from the Land Mark 2018 US Hemp Farm Bill
LeafyWell a Subsidiary of PYTG Is Set to Capitalize on the Emerging Interstate Commerce Market Resulting from the Land Mark 2018 US Hemp Farm Bill.
About this update from Nxgen Brands Inc.
[{"type":"text","content":"\n\n\n\nLeafyWell a Subsidiary of PYTG Is Set to Capitalize on the Emerging Interstate Commerce Market Resulting from the Land Mark 2018 US Hemp Farm Bill\n\n\n\n\n\nLeafyWell a Subsidiary of PYTG Is Set to Capitalize on the Emerging Interstate Commerce Market Resulting from the Land Mark 2018 US Hemp Farm Bill\nFocused on the Evolving Consumer Market, Company Prepares for Revolutionary Industry Changes\nPR Newswire\nWESTON, Florida, December 21, 2018\n\n\n\nWESTON, Florida, December 21, 2018 /PRNewswire/ --\n\nPyramidion Technology Group, Inc. (OTCPK: PYTG), owner of LeafyWell (LeafyWell.com), established CBD-product (Cannabidiol) manufacturer and distributor, and NxGen Brands, specializing in the sales and marketing of innovative healthcare products and service solutions, have begun planning how the Company will effectively bolster its corporate footprint in a market anticipated to see great changes based on recent legislative events .\n\nThe $867 Billion Farm Bill includes a provision involving industrial hemp and its derivative, cannabidiol (CBD), effectively removing CBD from the Controlled Substances Act Scheduling and placing it under the Department of Agriculture's supervision.\n\nAnalysts are optimistic that with the recent actions of both houses of Congress to effectively pass a farm bill with hemp provisions, that the landscape has never been better positioned for Presidential endorsement. The U.S. Senate voted overwhelmingly (87 to 13) to approve the bill.\n\nThe redefinition of hemp opens a whole new realm of opportunity. Hence, its qualified for new and better research, the formulation of premium quality products has the potential to contribute substantially to the economy by benefiting from a legalized interstate CBD and hemp market. Therefore, with Presidential endorsement, a long-marginalized industry can quickly help revitalize the American economy.\n\nThe latest available numbers from the Hemp Business Journal show, that last year alone, hemp sales reached $820 million, with projections showing it could be worth $2.1 billion by the end of the decade; all predicted before hemp was made commonly legal. Under the Farm Bill provisions, the Controlled Substances Act will be amended, with farmers now being granted more freedom to both grow a full spectrum of hemp varieties and obtain crop insurance. Nationwide hemp ...