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THC Farmaceuticals Inc Enters Into Partnership With HEMPCIGNET
THC Farmaceuticals Inc Enters Into Partnership With HEMPCIGNET.
About this update from Thc Farmaceuticals, Inc
[{"type":"text","content":"THOUSAND OAKS, CA /ACCESSWIRE/ January 31, 2020 THC Farmaceuticals, Inc (OTC: CBDG) today announced that a partnership of HempCigNet has been established for the purpose of distributing Hemp Cigarettes. The partnership Plans to Begin Deployment of Hemp Cigarettes Vending Kiosks Through Licensed Medical Marijuana Dispensaries.On November 15, 2019 the Company entered into an agreement with HempCigNet, Inc., a Colorado corporation. HempCigNet, Inc was incorporated for the purpose of this agreement and to enter the Cannabis L. (HEMP) and/or Cannabis Sativa and/or Cannabis Indica cigarette vending business for placement in licensed dispensaries. The Company resolved to issue HemCigNet Inc., 1,000,000 of its common shares as paid in capital as well as a private party has transferred 10,000,000 shares of mCIG, Inc., (OTC: MCIG) into HempCigNet so that each party will own 50% of HempCigNet, Inc.Recent Brightfield Group report indicated that the 2018 Farm Bill brought immense change to the industrial hemp world, legalizing the cultivation of hemp and opening the floodgates for a brand-new CBD industry. With the move of hemp from the Controlled Substances list to an agricultural commodity, numerous companies had the confidence to enter the CBD space. Q2 saw large retailers like CVS and Walgreens introduce CBD products in select states, signaling to the rest of the country that CBD is going mainstream. 2019 has shaped up to be a massive year for cannabidiol (CBD), leading to just over a $4 billion industry by end of year – a 562% increase over 2018. By 2025, Brightfield Group estimates that the total U.S. CBD market could reach $24.4 billion. As CBD has transformed from a niche product to a full-blown, more normalized (and less stigmatized) mainstream wellness product available in various known retail channels, it is reaching tens of millions more consumers across the age, gender, regional, and political spectrum.Hemp Cigarettes are One of the Fastest Growing Segments of the developing hemp industry. Hempcignet will only sell cigarettes made from US grown Hemp that will be nicotine and tobacco free and contain not more than 0.3% THC. Initial observational studies suggest that smoking hemp cigarettes could be a potential tool to reduce tobacco and nicotine lethal addictions.About THC Farmaceuticals, IncTHC Farmaceuticals, Inc.: (O...