British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) has a lot to gain if the 2018 Farm Bill, which the U.S. Senate is currently debating, passes. The updated bill promotes federal legalization of non-psychoactive industrial hemp in United States. An article discussing the company reads: “Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) has long had an interest in establishing a strong footing in the industrial hemp industries of Canada and the United States. Its headquarters are situated in Vancouver, British Columbia, where it could be in a prime position to take advantage of the Canadian government’s plans to fully legalize recreational drug uses of the cannabis plant later this year. However, Global Hemp Group’s focus is currently on cultivating the non-psychoactive plant variety to extract cannabinoids with a healthful benefit and then to advance through additional phases of cultivation for products that draw on the plant’s potential in tens of thousands of commercial products, including paper, construction fiber, biofuels, clothing and textiles.”
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About Global Hemp Group Inc.
Global Hemp Group Inc. is headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angeles. The company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial hemp products utilizing the processing of the whole hemp plant, as envisioned in the Company’s Hemp Agro-Industrial Zone (“HAIZ”) strategy. For more information, visit the company’s website at www.GlobalHempGroup.com.
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