U.S. CBD Hemp Product Revenues Predicted to Surge Over the Next Few Years

There is a lot of anticipation and optimism surrounding the medical and recreational marijuana markets revenues but the hemp/CBD market should not be ignored. A recent report from a respected industry source, BDS Analytics says that the collective market for CBD sales is expected to exceed $20 billion in the United States by 2024. This pretty much supports the reports from another industry respected source, The Brightfield Group, which has previously projected that the: “Hemp CBD Market to Reach $22 Billion By 2022: Outpacing the Rest of the Cannabis Market Combined”. It is important to understand that CBD is derived from both marijuana and hemp. One industry publication describes the difference as follows: “It is the distinction between CBD derived from marijuana and CBD from hemp oil that sets them apart. Marijuana is harvested for its buds, which contains psychoactive properties known to produce stoned effects. When it comes to hemp, the stalks and seed are the targets of this crop. These plants do not contain enough THC to get anyone high. In fact, for cannabis to be considered hemp, it must have no more than 0.3 percent THC. Just think of hemp oil-based CBD as a vitamin (high in Potassium and Magnesium) and the bud-based products to be pharmaceutical grade.” Active Companies in the market this week include: MYM Nutraceuticals Inc., (CSE: MYM) (OTCQB: MYMMF), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), Curaleaf Holdings, Inc. (CSE: CURL) (OTCQX: CURLF), Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF), CV Sciences, Inc. (OTCQB: CVSI).

Top Five Must-know Hemp Stocks for 2019

With the passage of the U.S. Farm Bill, hemp will see a significant catalyst for growth. It’s already allowing for hemp cultivation and the transfer of hemp products across state lines for commercial and other purposes, notes Forbes. Texas became the latest to legalized hemp just last month. New Hampshire recently passed a law allowing it be grown, processed, and traded in the state. That now bring the number of states with hemp laws to 46, according to Agri-Pulse. Along the way, the story could create a $39.4 billion market, says Markets and Markets, a marked improvement from a $10.3 billion valuation in 2018. That’s opening a wide range of opportunity for companies including MYM Nutraceuticals Inc., (CSE: MYM) (OTCQB: MYMMF), Village Farms International Inc. (TSX: VFF) (NASDAQ: VFF), Crop Infrastructure Corp. (CSE: CROP)(OTCPK: CRXPF), OrganiGram Holdings Inc. (TSX-V: OGI) (NASDAQ: OGI), and PharmaCielo Ltd. (OTCPK: PHCEF) (TSX-V: PCLO).

MYM Closes Second Tranche of Non-Brokered Private Placement

MYM Nutraceuticals Inc., (CSE: MYM) (CSE: MYM.CN) (OTCBB: MYMMF) (“MYM” or “The Company”) announces it has closed the second tranche of its non-brokered private placement announced on July 5, 2019 of 2,528,174 units at a price of $0.324 for gross proceeds of $819,128. Included in this tranche is a drawdown on the Alumina Equity Agreement for $497,137. Finder’s fees of $1,701 were paid on this tranche.

USDA New Target Deadline for Hemp Regulations Could Boost Cannabis Stocks

Cannabis farmer stocks could garner even more investor interest, as the U.S. Department of Agriculture (USDA) prepares to introduce federal hemp rules in August 2019, speeding up previous plans to roll out guidelines by 2020. The USDA noted regulations would address land usage, standards for testing, disposal, law enforcement compliance, inspections, and certification for both products and industry workers. The news comes months after hemp was legalized under the 2018 Farm Bill. However, until the USDA releases its new guidelines, farmers must follow earlier-established rules under the 2014 versions of the legislation. When those guidelines do change, it will open a wide range of opportunity for companies including MYM Nutraceuticals Inc., (CSE:MYM) (OTCQB:MYMMF), Village Farms International Inc. (TSX:VFF) (NASDAQ:VFF), Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB), Aphria Inc. (NYSE:APHA)(TSX:APHA), and Curaleaf Holdings Inc. (CN:CURA)(OTCQX:CURLF).

Top Stocks That Could Benefit From USDA’s Hemp Rules Rolling out in August 2019

Hemp has a strong future thanks to the U.S. Farm Bill. In fact, farmers across the U.S. have been rushing for a piece of the hemp market ever since President Trump signed the Farm Bill, which removed hemp from the government’s controlled-drug category, triggering a surge in demand. However, farmers could see even more demand, as the U.S. Department of Agriculture (USDA) prepares to introduce federal hemp rules in August 2019, speeding previous plans to roll out the guidelines by 2020. The USDA noted regulations would address land usage, standards for testing, disposal, law enforcement compliance, inspections, and certification for both products and industry workers. That’s opening a wide range of opportunity for companies including MYM Nutraceuticals Inc., (CSE:MYM)(OTCQB:MYMMF), Charlotte’s Web Holdings Inc. (CSE:CWEB) (OTC:CWBHF), Cannabis Science Inc. (OTCPK:CBIS), Village Farms International Inc. (TSX:VFF) (NASDAQ:VFF), and PharmaCielo Ltd. (OTCPK:PHCEF)(TSX-V:PCLO).