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[lesgetrich]

All your DD about New York licensing will be a moot point if the Farm Bill is passed next week as anticipated...

Breaking News: Expected Passage of 2018 Farm Bill on Monday Could Provide Opportunity to Gain Big in this Uncertain Market

NEW YORK, Dec. 07, 2018 (GLOBE NEWSWIRE) -- Cannagreed.com News Commentary

While stocks have taken a beating due to trade concerns with China and rising rates, there is green at the end of the tunnel! With the expected vote and passage of the 2018 Farm Bill on Monday, stocks that are in the CBD space are poised to benefit and should run counter to the current market downward trends. Stocks in the CBD and cannabis space have not been immune from the market’s downturn, but the expected passage of the bill should provide an opportunity to acquire high growth stocks in this bear market.

Cannabidiol, or CBD, is the non-psychoactive chemical compound found in the hemp plant. The 2018 Farm Bill will nationally legalize the cultivation and farming of that plant. It is also expected that the passage of the bill will allow for the national legalization of CBD, lifting many barriers that exist for full scale commercial acceptance of the compound. Brightfield Group, a company that specializes in cannabis and CBD market research, projects that the medical and recreational CBD market is expected to reach an estimated value of $22 billion by 2022.

Legalization of industrial hemp will also remove any barriers to non-profits claiming full tax exempt status for growing the plant.

I suspect mCig may be waiting for passage to announce the results of its hemp harvest at NYAcres in order to have maximum market impact. JMO