Business
New Legislation Expected to Be Signed Into Law Will Help Boost Sales for Companies Like HempLife Today and the CannazALL Brand of CBD Products Derived From Hemp
New Legislation Expected to Be Signed Into Law Will Help Boost Sales for Companies Like HempLife Today and the CannazALL Brand of CBD Products Derived From Hemp.
About this update from Ubiquitech Software Corp.
[{"type":"text","content":"\nDenver, CO, Dec. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Ubiquitech Software Corp. (OTC: UBQU), through its subsidiary HempLife Today™, is seeking to keep shareholders informed of the new industry favorable legislation, and what this can do for the Company and its quality brand of USA grown and formulating CannazALL™ CBD products derived from hemp.\n Last week, Congress agreed to the final version of the 2018 Farm Bill, and President Trump is expected to sign the legislation within days. This new Farm Bill, because of Senate Majority Leader Mitch McConnell’s strong support of and leadership on the issue of hemp, will include provisions that legalize hemp production and the sale of hemp derived products that meet the 2018 Farm Bill Criteria. Like CannazALL™ products from HempLife Today™. With this new favorable legislation, the Company expects key areas that have been more challenging since the Company took its first order in December of 2014, to become more accessible and friendly to the industry. These areas include; banking, shipping, product production, advertising, new products, and more. Here are some highlights as summarized by Jonathan Miller, General Counsel to the U.S. Hemp Roundtable… The era of hemp prohibition is over. Hemp is now permanently removed from the Controlled Substances Act (CSA). It is forever deemed an agricultural commodity, no longer mistaken as a controlled substance, like marijuana.By redefining hemp to include its “extracts, cannabinoids and derivatives,” Congress explicitly has removed popular hemp products -- such as hemp-derived cannabidiol (CBD) -- from the purview of the CSA. Accordingly, the Drug Enforcement Administration no longer has any possible claim to interfere with the interstate commerce of hemp products. This should give comfort to federally regulated institutions -- banks, merchant services, credit card companies, e-commerce sites, and advertising platforms -- to conduct commerce with the hemp and hemp product industry.Hemp farmers now may finally access needed crop insurance and can fully participate in USDA programs for certification and competitive grants.State and Tribal governments may impose separate restrictions or requirements on hemp growth and the sale of hemp products – however, they cannot interfere with th...