- Hemp-based CBD products are sold through SinglePoint’s e-commerce subsidiary, SingleSeed.com
- 2018 Farm Bill signed into U.S. law, removing hemp from list of controlled substances
- $1 billion hemp-derived CBD industry projected to reach $22 billion by 2022
- SinglePoint expects to top $1 million in 2018 sales and build to $3 million in 2019
SinglePoint, Inc. (OTCQB: SING), a fully reporting technology company providing mobile payments, blockchain solutions and ancillary cannabis services, sees the recent passage and signing of the 2018 Farm Bill as a game changer for its SingleSeed.com subsidiary and its future growth plans. In a video discussion ranging from which CBD-infused product is topping the sales chart at SingleSeed.com to negotiations underway for new acquisitions, SinglePoint President Wil Ralston and CEO Greg Lambrecht share their thoughts on the impact of the 2018 Farm Bill as it relates to the hemp-derived cannabidiol (CBD) space (http://nnw.fm/8iOU4).
“It seems like two years ago I started to hear a little bit about CBD and what it was doing for people. Momentum has really been building for CBD. People are using it for a variety of things,” Lambrecht stated in the…
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