CV Sciences Inc (CVSI)

[Rifleshaft]

In my post yesterday, I mentioned the amount of profit farmers can make with an industrial or agricultural hemp farm. (Profit per acre)..

Read the article I have posted and in particular points 2, and 3 in the article and you will see why it may move quickly either through Congress filling an amendment to the 2018 Farm Bill (specifically relating to CBD) and or States will start taking the bull by the horns and implementing the commercial use of CBD at the very minimum as supplements and quite possibly in the food supply.

The comment period runs through July 2....The problem the FDA has right now is the genie is out of the bottle. The CBD industry is being driven heavily by public demand, and of lobbying groups like CRN, National Hemp Association, Hemp Roundtable, and the World Health Organization (WHO), just to name a few.

These lobbying groups are very powerful. They are more than likely going to pursue the legislative angle to all this.....

Keep in mind how quickly the tax reform bill was passed in late 2017.....I think they got it all done in less than 60 days....

California is about to do this on its own in July with their AB 228 legislation that is going to overwhelmingly pass the State legislature..

Read the article......as I have always said....this is about money .....tax money....

You may recall that about a month and a half after the Farm Bill passed, Senator Wyden, and Conaway both contacted the FDA looking for clarity on CBD.....

Bottom line: There is WAY too much pressure to say NO to agricultural or industrial hemp based CBD at the .3 THC level.....Not going to happen folks......CBD is mainstream.....companies like Ben and Jerry;s ice cream are sitting on the sidelines ready to go.

Legalization of Hemp with out the ability to harvest for CBD processing is worthless to the farmers....

Read the article....

https://www.agweb.com/article/three-potential-paths-for-farming-hemp/