Related Editorial
The hemp industry is growing in North America and appears to be set for further expansion thanks to legislation making its way through the U.S. Senate.
- Hemp is a cultivar of the cannabis sativa plant that lacks the active drug ingredient that makes marijuana users high.
- It can be used to produce medicinal CBD oil as well as fibers for rope, paper and canvas.
- Even in difficult growing conditions, hemp can provide higher profits than many other crops.
- It has a lower environmental impact thanks to low water consumption and little need for chemical fertilizers or pesticides.
Marijuana Company of America, Inc. (OTC: MCOA) (MCOA Profile) has hemp already growing at cultivation sites in Canada and the United States, experimenting with improved strains and cultivation techniques. As a provider of hydroponic equipment, Scotts Miracle-Gro Company (NYSE: SMG) is benefiting from the growing cannabis industry and will likely see increased sales thanks to a recent acquisition. Another provider of hydroponics, GrowGeneration Corporation (OTC: GRWG), has already seen a dramatic increase in sales thanks to acquisitions and the rise of cannabis. Micron Waste Technologies, Inc. (OTC: MICWF) (CSE: MWM) is launching specialist waste treatment equipment for cannabis growers. And as federal hemp legislation comes closer to passage, Future Farm Technologies (OTC: FFRMF) (CSE: FFT) is producing millions of hemp seeds ready to be planted by farmers in Maine.
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About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.
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