Ngen Technologies Holdings Corp. (fka NGRP)

[Magnum7419]

"5. U.S. hemp-derived CBD market on verge of exploding in size
On Wednesday, leaders of the U.S. Senate and House agricultural committees reached a tentative agreement on the 2018 Farm Bill, according to the Washington Post. This legislation has huge implications for the cannabis industry because there are provisions in it that would make it legal across the U.S. to grow industrial hemp -- and cannabidiol (CBD) can be derived from hemp.

CBD is a chemical substance found in the cannabis species -- both marijuana and hemp -- which has various wellness benefits associated with it. The key difference between marijuana and hemp is that hemp has negligible concentrations of tetrahydrocannabinol (THC), which is the substance in marijuana that's responsible for its psychotropic effects.

If the bill makes it through Congress and is signed by President Trump, as widely expected, industrial hemp should be legal on Jan. 1, 2019. If this occurs, the U.S. market for hemp -- and its derivatives -- is expected to soar. The hemp-derived CBD market is projected to rocket from about $591 million this year to $22 billion by 2022, according to the Brightfield Group. That's a whopping 37-fold increase in just four years!"

https://www.fool.com/investing/2018/12/02/why-is-everyone-talking-about-marijuana-stocks.aspx