Western Sierra Resource Corp (WSRC)

[Hogan$1]

BREAKING NEWS: 2018 Farm Bill About to Pass - Legalization of Hemp and CBD could grow consumer market to $22 Billion


NEW YORK, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Cannagreed.com News Commentary

The 2018 Farm Bill, if passed, includes the Hemp Farming Act of 2018, which will remove hemp as a designated as controlled substance, legalizing the crop under federal law, which will allow CBD to be legally sold in all 50 states. The Bill, which has the support of Senate Majority Leader Mitch McConnell, is awaiting congressional approval, which would replace the 2017 Farm Bill, which expires on September 30th.
The full legalization of hemp would open the floodgates for investment, providing the hemp industry with access to a full range of financial, market development and advisory services that were previously unavailable because of its classification as a controlled substance. These services include access to small business loans (SBA's), federal crop insurance, access to banking & traditional capital markets, and unfettered USDA research. Institutional investors and private equity firms will be also be able to enter the space, as federal restrictions have restricted the ability of funds to participate in this sector