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NHA participated in a conference call with Congressman Polis and staff for an update on the Industrial Hemp Farming Act of 2017. Congressman Comer recently held a similar conference call.
This federal legislation would remove hemp from the CSA and open up commercial activity and exports.
Congressman Polis (D-CO) and Congressman Comer (R-KY) have been champions of this cause and NHA is proud to support their efforts.
While there was an earnest attempt to increase the THC level to .6%, ultimately the compromise ended up being that .3% will be removed from the CSA while up to .6% is allowed for research. Up to .6% will not expose farmers to prosecution or having to destroy their crop even though it cannot be sold commercially if tested higher than .3%. It also addresses the whole plant, including extracts, although it does not eliminate the need for FDA approval for new medicinal products.
By default, passing this legislation and removing hemp from the CSA should address the banking issues currently facing the hemp industry.
The chair of the committee is a prime sponsor so there is great hope that the bill will be introduced this week (before August recess) and that it will move out of committee and to the floor in the fall.
It's politics so this timing is far from certain, but there is reason to hope we can get this moving quickly!
Stay tuned for updates and ways you can help push this important legislation through!
About National Hemp Association:
The National Hemp Association is a leading 501(c)6 trade association that supports the growth and development of all aspects of the emerging industrial hemp industry. Based in Colorado, the association serves hemp farmers, processors, manufacturers, researchers, policy makers, elected and appointed officials, the investment community and citizens who are in favor of the re-birth of industrial hemp as a major U.S. crop. More information at: www.NationalHempAssociation.org.
For more information contact:
Geoff Whaling
Board Chairman | National Hemp Association
geoff@nationalhempassociation.org
(610) 554-6929
Erica McBride
Executive Director | National Hemp Association
erica@nationalhempassociation.org
(610) 468-2311
I'm sorry, are you saying frog protection? Anyone got anything on the FDA announcement- 30 days, right? What's the deal with hush lips.
Pretty sure these guys are still white labeling the Plus CBD brand.
"ChineseInvestors.com,, Inc. has issued a new press release disclosing the Company’s introduction of its new line of non-industrial hemp infused skin care products, the “CBD Magic Hemp Series” and the filing with the China Food and Drug Administration for authorization to sell the CBD Magic Hemp Series skin care products in China"
Are these guys still getting their CBD supply from CV Sciences? Pretty sure they white label the plus CBD brand.
This is great work. Well done. Thank you
Did they get the split vote passed?
Study their body language- do they appear professional, are they articulate, does joe dowling do all of the talking or can Mona muster leadership, what are they wearing- cheap suites, rolexes, are they defensive when answering sensitive questions. Be able to answer to yourself, I could loan this guy $150k and expect to get it all back and on time. We all know the valuations are dog shit ATM, are they?
Thanks too btw
They wouldn't be hiring for the position if they didn't feel confident of imminent FDA approval for P1
but they got a good new drug. Stick to the fundamentals, that's how IBM and Hilton were built...good things sometimes take time.
When will we hear back from the FDA?
he complaint relates to our acquisition of the assets of PhytoSphere Systems, LLC in January 2013. The key asset purchased in the transaction was the seller’s European inventory supply chain, which is the asset critical in launching our successful consumer products division. In its complaint, the SEC does not question the legality of the transaction nor does the SEC criticize our operations. Further, the SEC does not suggest that any officer or director sold shares of stock in connection with this transaction, or at any other time. The SEC simply takes issue with how the Company reported the transaction in its quarterly reports to the SEC during the first three quarters of 2013. More specifically, with the benefit of hindsight, the SEC takes issue with the negotiated acquisition price and the timing of our valuation to determine asset reporting value.
The Company stands behind the PhytoSphere transaction and its financial reporting during 2013. We have retained Paul Hastings as our litigation counsel and intend to vigorously defend this matter.
Always seems to get pushed down before something big.
Gap fill
I think this has already been priced in. I'm treating this as good news- new leadership & open spot on the board. All this shit happened before dowling came into the picture so I'm sure this was something they were planning on being released. I just can't get over the timing of the release, suspect.
assets reported at an inflated $35mm in the company’s financial statements. According to the SEC, the company received a third-party valuation of just $8mm later in 2013 but didn’t write down the asset value until 2014.
Super suspect the timing of this....right after FDA meeting- give me a fucking break... Saw the same smear campaign with hemp inc last year, news pushed pps down only to recover on expectations of perlowin leaving the company. Joe Dowling runs this show, Mona is a puppet. Yes he needs to leave and pay a little $10k fine or some bs. This is not the end of the world. Chill
The timing of this is a little suspect
Would like to hear more about:
- their relationship with seed CX and current competitiveness in industrial hemp production
-current KY operations, farming, production and supply chain.
- plans to franchise the plus CBD brand & how they intend to scale the consumer products division. Current effectiveness of Advertising and any plans to utilize television commercials
- access to conventional lending, bank loans/ investment banking relations
- award of milestones ahead of achievement
FDA week. Waiting on news
The DEA or FDA.? Regardless clever find. To me it sounds like the company is saying we know you e-traders have one last chance to run up our stock before we burn your ass with a death split.
This is the run up to FDA news.
I'm long term holder- to the bank or bust. I have a unique acquisition method: I sell S&P 500 Options every week, 2 weeks in duration, and use the cash flow from successful writes to finance the purchase of the stock. My downside is completely hedged- stock can go belly-up and I'm only out opportunity cost. The GTC order is just to hopefully limit my B/D from loaning out my block.
I've got 250k shares @ GTC limit 2
Not buying the breakout until we close above $0.32- need more significance.
There's always that one a_hole with the t-trade EOD! Agh
Put it to you this way: downing the 1:80mg spray is like drinking a bud lite, downing the 15:900mg is like chugging moonshine. You'll tell the difference :)
Has anyone on here taken my advice and consumed the entire serving of CBD? Buy one of the green concentrates and literally eat the whole thing. You can thank me later.
But terra tech dosnt make money... It loses it. You buy the stock and it goes into peterson's back pocket or under his mattress cause they have no bank accounts
I don't see the value of terra tech- I just grow my own weed at my house. Why would I need to go to their store and buy from them?
Just reporting the overwhelmingly intuitively obvious- the dead give way was... THE MASSIVE SELLOFF??
Stock is worthless- company is sham. Market dosnt lie, valuation on this turd should be $2-3mm.
Scan stock
Timber!!!
Assuming the best case scenario: they have patent, they will get clarity on 505b2 and can prove efficacy and bring drug to market. 2016 market for treating smokeless tobacco is $2billion of which chantix (black box warning) had 45% Mkt share or ~700mm in 2015/16 revenue. Currently we trade ~2.5x annual revenue. Assuming we can get at least a third of chantix's business would adjust our capitalization at ~582.7mm @ 89.2mm shares out, PPS = ~6.5
I get it- This takes time and attracting bigger fish requires a little makeup, R/S. The benefit of uplisting and higher pps means the shares of common may be margin eligible- which, if you're savy, means you could use a block of shares as collateral for options trading. For instance, selling S&P 500 futures contracts against a bucket of cash or CVSI stock to generate income to accumulate the stock. Because the stock is not currently marginable, it sits dormant and dosn't increase buying power.
POS scam stock
I am voting shares against the split. I strongly encourage all of you to do the same.
Good news- you can use your little cheeseburger happy meal shares to vote against the monas!
Smokie, you are out of your element and have completely lost it. Please drink some plus CBD oil, buy a muni bond mutual fund, and chill- everything is going to be ok. And what's your obsession with Mona? Everyone knows dowling runs this show... The monas are puppets. Eventually the company will hire a new CEO, just as they are now starting to rebrand and realign the board with medical professionals.