Gold River Productions Inc (GRPS)

[Fishing at Surfside]

An informative article about CBD legalization. GRPS will be in a good position since it's hemp supply is already grown in a state with existing laws on a farm that's already licensed. Colorado already has regulations, states that do not will have to create them and get them approved by the federal government.
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CBD generally remains a Schedule I substance under federal law. The Farm Bill—and an unrelated, recent action by the Department of Justice—creates exceptions to this Schedule I status in certain situations. The Farm Bill ensures that any cannabinoid—a set of chemical compounds found in the cannabis plant—that is derived from hemp will be legal, if and only if that hemp is produced in a manner consistent with the Farm Bill, associated federal regulations, association state regulations, and by a licensed grower. All other cannabinoids, produced in any other setting, remain a Schedule I substance under federal law and are thus illegal.

https://www.brookings.edu/blog/fixgov/2018/12/14/the-farm-bill-hemp-and-cbd-explainer/