Thanks for the links. I've been talking about what the fram bill will do for Hemp. Here's an experts opinion. And guess what, MJNA is one of the leaders
Talking about the Farm Bill a little bit more, this was the 2018 Farm Bill, signed into legislation in December. Specifically doesn't change marijuana on a legal level. What it does is remove hemp. As you so well explained, hemp is very different than marijuana. There are actually a lot of differences. The main one, you mentioned, of course, is the levels of THC. For hemp, you're looking at THC levels below 0.3%. Marijuana THC levels can be anywhere from 15% up to 40% in terms of concentration level. So, you're talking about a product that has lower levels of the psychoactive ingredient that many people think of with the high that comes with marijuana.
It's no longer scheduled, it's no longer a controlled substance in the United States. That opens the door wide open for all of these practical applications. Hemp has actually become a much more intriguing industry for a lot of investors apart from marijuana because of all the practical applications. We're talking about, of course, the oils, clothing, think about athletic wear. You already have some companies that have hemp in place of cotton in their clothing. You're talking about building materials, food products, skin creams. The list goes on and on. This has really opened up the door a whole lot in terms of practical applications.
Also, it's interesting because hemp compared to marijuana in the court of public perception is much easier to be digested overall because it's not marijuana. It's not lighting up a joint. When you talk about oils and creams, and even vapes, in the court of public perception, people are much more willing to use these products than marijuana itself. I think this Farm Bill in and of itself has really opened the door wide open here in the United States.
