With the passage of the U.S. Farm Bill, hemp will see a significant catalyst for growth.
In fact, it’ll allow for hemp cultivation and the transfer of hemp products across state lines for commercial and other purposes, notes Forbes. It may just create a $39.4 billion market, says Markets and Markets, a marked improvement from a $10.3 billion valuation in 2018.
In addition, according to Research and Markets, the global hemp oil market accounted for $81 million in 2017 and is expected to reach $ 1.2 billion by 2026, expanding at a compound annual growth rate of 35.8% from 2018 to 2026.
Some of the companies that are already benefiting from the story interest include The Yield Growth Corporation (CSE:BOSS) (OTCQB:BOSQF), Charlotte’s Web Holdings Inc. (CSE:CWEB) (OTC:CWBHF), and The Supreme Cannabis Company Inc. (TSXV:FIRE) (OTC:SPRWF).
The Yield Growth Corporation’s (BOSS) (BOSQF) for example, just announced that subsidiary Urban Juve has registered for sale with Health Canada 3 Lip Glosses with Tint named “LOVE”, “PLEASURE”, ... Click here to view full article