Item 9 Labs Corp (INLB)

[Stockshound]

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https://www.pinalcentral.com/trivalley_dispatch/farm_and_ranch/legal-hemp-has-arizona-farmers-seeing-green/article_3131e852-fedf-5050-88cf-15ab275377df.html

Excerpt: Sean Dugan of Casa Grande, a third-generation farmer, is enthusiastic about the economic potential of hemp. An early champion of medical marijuana, he’s now ready to shout from the proverbial mountaintops about hemp.

Dugan’s background is in dairy farming, and he is the chief information officer at Item 9 Labs, a company headquartered in Phoenix that grows, manufactures and sells cannabis products in Arizona dispensaries.

The company, which will be in six to 10 U.S. markets by the end of the year, will soon pull permits to grow and process industrial hemp.

“I think it’s excellent for the state, given it’s an alternative crop,” Dugan said. “I think for right now, CBD production is going to be the big money maker. But as the market gets saturated, I really see this as just a standard crop.”

That standard crop, he said, will have numerous uses, making hemp more of a “general commodity” as opposed to being used solely for CBD oil.

Dugan sits in an influential perch, as he is on a hemp rules and regulations committee with the Arizona Department of Agriculture. Fraley, although not a member of the committee, has been involved in many of its meetings.

Dugan’s time on that board comes to an end in August, and a permanent committee will be established in August 2020.

(Dugan continues his interview trough the link above)