Innovative hemp and cannabis corporation Marijuana Company
of America (OTC: MCOA) this morning announced its optimism with recent passage
of the 2018 Farm Bill. Under the bill, the industrial hemp plant and its
extracts, including Cannabidiol (“CBD”), containing less than 0.3 percent of
THC, will no longer be labeled as a Schedule 1 Drug and will be made a legal
commodity, enabling U.S. cultivation and distribution subject to compliance
with Farm Bill provisions and associated federal and state regulations and
licensing. Per the update, the Brightfield Group’s Hemp CBD Report of 2018
projects that, with passage of the Farm Bill, the market is expected to reach
$22 billion by 2022, outpacing the rest of the combined cannabis market. “MCOA
and our subsidiaries are anxious to take full advantage of opportunities that
passage of the Farm Bill provides to the Company,” MCOA CEO Donald Steinberg
stated in the news release. “2019 will be a year of international expansion for
our hempSMART product line. We believe the new Farm Bill may also establish a
precedence for other countries worldwide to adopt similar laws, which will
allow us the opportunity to expand more internationally.”
To view the full press release, visit http://ibn.fm/AuHfN
About Marijuana Company of America Inc.
MCOA is a corporation which participates in: (1) product
research and development of legal hemp-based consumer products under the brand
name “hempSMART”, that targets general health and well-being; (2) an affiliate
marketing program to promote and sell its legal hemp-based consumer products
containing CBD; (3) leasing of real property to separate business entities
engaged in the growth and sale of cannabis in those states and jurisdictions
where cannabis has been legalized and properly regulated for medicinal and
recreational use; and, (4) the expansion of its business into ancillary areas
of the legalized cannabis and hemp industry, as the legalized markets and
opportunities in this segment mature and develop. For more information, visit
the company’s website at www.MarijuanaCompanyofAmerica.com
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