Have also noticed something which is not talked enough about and that is the insane banking regs. Inhibiting many national retail outlets for any product derived from the “ legalized MJ industry”......take a look at the first paragraph of Pyxus’s CEO statement where he mentions the cooperation of federal banks etc. This is huge in the fact that any medical derivatives from their CBD extraction plant in NC will be free from all the hassles now in place for the MJ industry......something to look into.GLTA.
MORRISVILLE, N.C., Dec. 20, 2018 /CNW/ -- "We applaud the passage of the 2018 Farm Bill, which was signed into law today by the President. The permanent removal of hemp from the Controlled Substances Act, deeming it an agricultural commodity, is a win for all – farmers, consumers and businesses. As a result of this legislation, federally-regulated institutions, including banks and credit card companies, may freely conduct business with the hemp industry. Furthermore, it gives farmers access to crop insurance and USDA programs and grants, which are critical to helping farmers and their communities thrive.
"Industrial hemp presents a tremendous – and long overdue – economic opportunity for the American farmer, and for the last several years, Pyxus International has been proudly working with elected officials to help make it a reality. Our gratitude particularly extends to the entire North Carolina U.S. congressional delegation, including House Agriculture Committee members Alma Adams and David Rouzer.
"We are excited about the breadth of opportunities provided by the Farm Bill. We will utilize our strong heritage of agronomy expertise, paired with our track and trace technology, SENTRI, to help American farmers capitalize on this emerging market to efficiently and profitably cultivate hemp. That hemp can be processed into hemp-derived cannabidiol (CBD) at our affiliate, Criticality, LLC's, state-of-the-art 55,000-square-foot extraction and purification facility in Wilson, North Carolina, expected to open in early 2019. We are also working with Criticality to help them partner with retailers to capitalize on the rapidly-growing, high-margin CBD market – with Criticality's new line of CBD products, Korent, and new and beneficial products in its innovation pipeline."