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Re: steadykickin post# 78835

Monday, 12/10/2018 4:29:22 PM

Monday, December 10, 2018 4:29:22 PM

Post# of 79678
In a small way it "COULD" be relevant. Hemp has been illegal in the US since 1970 when it was lumped together with marijuana as a schedule 1 drug. If the 2018 Farm Bill is passed as is, hemp would no longer be a schedule 1 drug and would be legal to grow and distribute in all of the US. CBD (which comes from hemp) has been shown to have many good properties such as relief for pain relief, arthritis and seizures.

If Agritek can develop the 80 acres in Colorado and 25 acres in Puerto Rico which were supposed to be for growing hemp, a steady revenue stream could follow.

Hemp has to be legalized first as part of this coming Farm Bill (Trump could sign it into law before the month ends).

And second, the new CEO must come up with the financing to develop the Colorado and PR land and start getting the hemp crops in the ground. According to today's news release, Agritek's new interim CEO is very experienced in the financing of other marijuana businesses.

Crossing my fingers (and toes).