Obviously you don’t read all the post here on MCIG. THE HEMP CROP, THRU A COMPANY Mcig and FarmOn ,THAT THEY FORMED. IF YOUR SO SMART do YOUR OWN DDS. I can’t do it for you!
FarmOn is a non profit independent of mCig. They are in a joint venture with mCig and will own 20% of a new company NYAcres while mCig owns 80%. NYAcres, will be a for profit company. There are no tax implications for mCig in this deal other than the normal business profits or losses of NYAcres, Inc.
Also, it must be noted that CBD, in the US, can only legally be grown from Industrial Hemp in order for it to be sold across state lines. This could become a source for mCig's CBD products. Hemp also has many uses from fuel to construction to clothing that are just now being explored and brought to market.