- Non-psychoactive hemp’s varied uses comprise $500 million-plus industry with billion-dollar reach
- JV binds partners in growing New Brunswick and Oregon hemp cultivation projects
- Support increasing for U.S. Congressional drive to legalize hemp
Hemp advocates at Marijuana Company of America, Inc. (OTC: MCOA) are advancing cultivation projects that will give the company a significant supply of non-intoxicating cannabidiol (CBD) for market under the hempSMART and BeniHemp brands. The wholly owned hempSMART subsidiary strategically works to build share value through the distribution of CBD-based health and wellness products via a network marketing model, and BeniHemp offers hemp-derived CBD products to consumer retail markets.
Marijuana Company of America’s development relies significantly on its joint venture with Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF). Both companies were founded by company officers Don Steinberg and Charles Larsen, and they are collaborating on farming projects in New Brunswick, Canada, and Oregon. As Canada builds toward full nationwide legalization of cannabis in its various uses later this year…
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