Cannabis Industry Generating Huge Opportunities and Robust Rhttps://idms.cdbn.ca/secured/news/story_popup.idms?ID_NEWS=150434092 PALM BEACH, Florida, Oct 02, 2018 (PR Newswire Europe via COMTEX News Network) -- PALM BEACH, Florida, October 2, 2018 /PRNewswire/ -- Financialnewsmedia.com News Commentary Legalization of cannabis is emerging and rising trend, which is influencing many nations to decriminalize cannabis and legalize the use of marijuana for recreational and medicinal purposes. Once was a market filled with skepticism and doubt, the cannabis industry has emerged as a landscape full of opportunity and steadily rising revenues, increasing investors' attention in economies around the world. Already a billion dollar market, confidence has built the industry a solid foundation and allowed it to prosper and grow to new levels of prominence. Investment firm Cowen estimates the cannabis industry could generate $75 billion in revenue by 2030, illustrating eye-popping growth over the next decade. As more consumers opt for cannabis instead of alcohol in markets where it is legal, consumption rates and revenues continue to rise and with growing anticipation of relaxed CBD-hemp regulations, many now expect the CBD-Hemp market to explode and eventually outpace cannabis sales. Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. , Earth Science Tech Inc. , Terra Tech Corp. , Newstrike Brands Ltd. , KushCo Holdings Inc. . Marijuana Company of America, Inc. (OTCPK: MCOA) BREAKING NEWS: Marijuana Company of America, an innovative hemp and cannabis corporation, and its joint venture partner Global Hemp Group Inc. (GHG/GBHPF) (the "Partners") are pleased to provide an update on their high yielding CBD hemp project in Scio, Oregon. Harvest - Harvest has begun at the farm. Over the next 10 days the team in Scio will harvest this year's crop, which consists of approximately 36,000 high yielding CBD hemp plants that were grown in an orchard style cultivation on 33 acres. The team planted six different cultivars this year to determine which would be the optimal hemp variety to grow in the coming year. The team continues to evaluate hemp cultivars that will provide higher CBD yields and a reduced flowering period, which will allow the team to complete the harvest earlier in the year prior to the fall rains. Preparation for Extraction - Once the hemp is harvested, it will be dried in preparation for storage prior to processing. Drying this season will take place in the project's four recently completed greenhouses on the farm and will utilize a traditional hanging method, as well as testing an innovative rack drying system. Prior to next season's harvest, the Partners will construct a permanent drying facility on site. Once the hemp is dried to a 10-12% moisture content, it can be stored with little or no cannabinoid/plant matter degradation, prior to extraction.