Replies to post #2819 on MediPharm Labs Corp (MEDIF)

[FUNMAN]

I'm not sure if they are trying to drum up business, or investors?

They can't ship into the USA.

Are they putting out business feelers, with the knowledge that they could buy a USA facility as NEPT did?

Or maybe this is preparation for trying to uplist in the USA to NASDAQ or NYSE?

I feel better just writing this post :-)

[FUNMAN]

MEDIF could get institutional investors ... in a few months?

USDA ---> FDA ---> SAFE Banking Act

GREAT FOR ALL USA & Canadian Cannabis Companies -

USDA Establishes Domestic Hemp Production Program

Unsaid and most important in this announcement, is that the step-by-step groundwork has been passed along to the FDA.

Mitch McConnell has been pushing the FDA to shake-a-leg. Now the ball is in the the FDA's court.

This is huge because once the FDA completes its task, then the Senate will most likely take up the SAFE Banking Act.

Passage will be huge.

Banks will be allowed into the industry without fear of retribution and lawsuits. That will lead to cannabis company expansions with financing options that don't have to dilute shareholders with more equity raises.

Institutions will be allowed to buy stock. Most can't because it has been an illegal industry. Their charters prohibit the investments. That should go a long way to an industry-wide PPS rally.

Every cannabis based business will benefit, but those with the better balance sheets will benefit the most.

This should be GREAT FOR MEDIF.



USDA Establishes Domestic Hemp Production Program


Release & Contact Info
Press Release
Release No. 0165.19
AMS Public Affairs, [phone]
[e-mail]


Click below to view a message from Secretary Perdue, and read all of the text, or just continue below.


https://www.usda.gov/media/press-releases/2019/10/29/usda-establishes-domestic-hemp-production-program


WASHINGTON, October 29, 2019 — U.S. Secretary of Agriculture Sonny Perdue today announced the establishment of the U.S. Domestic Hemp Production Program. This program, as required by the 2018 Farm Bill, creates a consistent regulatory framework around hemp production throughout the United States.


“At USDA, we are always excited when there are new economic opportunities for our farmers, and we hope the ability to grow hemp will pave the way for new products and markets,” said Secretary Perdue. “We have had teams operating with all hands-on-deck to develop a regulatory framework that meets Congressional intent while seeking to provide a fair, consistent, and science-based process for states, tribes, and individual producers who want to participate in this program.”



Background:


Later this week, an interim final rule formalizing the program will be published in the Federal Register that will allow hemp to be grown under federally-approved plans and make hemp producers eligible for a number of agricultural programs. The rule includes provisions for the U.S. Department of Agriculture (USDA) to approve hemp production plans developed by states and Indian tribes including: requirements for maintaining information on the land where hemp is produced; testing the levels of delta-9 tetrahydrocannabinol; disposing of plants not meeting necessary requirements; and licensing requirements. It also establishes a federal plan for hemp producers in states or territories of Indian tribes that do not have their own approved hemp production plan.


The interim final rule becomes effective upon publication in the Federal Register. Following publication, USDA invites public comment on the interim rule and the information collection burden. A preview of the rule is posted on USDA’s website.


USDA also developed guidelines for sampling and testing procedures that are being issued concurrently with this rule. These documents provide additional information for sampling agents and hemp testing laboratories.


More information about the provisions of the interim final rule is available on the U.S. Domestic Hemp Production Program web page on the Agricultural Marketing Service (AMS) website.


Once state and tribal plans are in place, hemp producers will be eligible for a number of USDA programs, including insurance coverage through Whole-Farm Revenue Protection. For information on available programs, visit farmers.gov/hemp.