The U.S. Senate has overwhelmingly approved a bill to legalize hemp growth and on Friday,
Phivida Holdings Inc. (
CNX: C.VIDA,
OTC:PHVAF,
Forum) called this the single most significant milestone in the history of the American CBD-Hemp industry to date.
The Company added that the agriculture and food policy legislation known as the Farm Bill provides a significant opportunity for prospective growth for both its operations and shareholders. Senate Majority Leader Mitch McConnell said this Bill would also make hemp plants eligible for crop insurance.
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Phivida made news this week when it joined a panel discussion at the Nutrition Capital Network – Natural Products Canada Investor Meeting in Toronto.
FULL DISCLOSURE: Phivida Holdings Inc. is a paid client of Stockhouse Publishing.