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Replies to post #6290 on Genco Corp (GNCC)
12/12/18 8:42 AM
Key excerpts that will have a substantial impact on Bright Green Group:
In addition to lifting restrictions on advertising, marketing, banking and other financial services, the passage of the measure would -
* Legalize hemp production in U.S. territories and on Indian tribal land – which was not included under the 2014 Farm Bill
* Give the industry access to federally backed farm support programs, including crop insurance, federal water access and low-interest loans for new farms
* Remove barriers to getting intellectual property protections under federal law, such as patents and trademarks
* The Farm Bill passage would end the need for U.S. hemp companies to list in Canada, instead allowing them to directly access U.S. exchanges such as the NASDAQ or New York Stock Exchange
“We see access to capital, as well as access to large potential buyers of CBD, to be all opening up because of this,” Leaker said.
“Until it’s federally recognized that CBD is not a Schedule 1 drug, it’s very difficult for banks and investment capital to come into this space.” Now that has changed
Its as if they wrote this Farm Bill specifically for Bright Green Group!
I also think its important to note that these companies that have been breaking the law may not benefit from the passage of this Farm Bill. If that's the case, their stocks will get crushed, while BGG prospers.
