- As the 2018 Federal Farm Bill legalizes hemp across the U.S., SinglePoint prepares for rapid growth in 2019
- The company is working on development programs and potential acquisitions in order to establish its leading industry position
- Through hemp legalization, the industry is expected to grow exponentially in the years to come, reaching a volume of $20 billion by 2022
Congressional approval of the 2018 Federal Farm Bill that removes hemp production from federal prohibition is expected to create amazing new opportunities for industry representatives in 2019 and beyond. SinglePoint, Inc. (OTCQB: SING) released an official statement underlining that the legislative change will provide a huge chance for growth for the company via subsidiary SingleSeed (www.SingleSeed.com) – an ecommerce seller and distributor of industrial hemp-based CBD products (http://nnw.fm/Oxm0Q).
The mainstream approval of hemp and it turning into a federally legal commodity will enable the company to expand its portfolio and add more offerings. Industrial hemp now has an opportunity to be competitive in…
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