Cannabidiol News March 25 2019
Hemp processors reported $57.75 million in gross product sales last year, according to a Kentucky Department of Agriculture (KDA) review of 2018 hemp licensed processor reports. That compares with $16.7 million in gross product sales in 2017. Processors paid Kentucky farmers $17.75 million for harvested hemp materials in 2018, up from $7.5 million the year before.
Mr. Hylen further stated, “Proscere Bioscience will make its announcement in a private news release regarding distribution partners in Canada, United States, and Europe. We will begin to deliver our cold-water CBD extraction system by the end of next quarter. Our CBD extraction systems range from $750,000 for a high-end commercial system capable of 3000 gallons per day, to our low-end model costing $400,000. Our distributors have an exclusive 5 year license with sell volume discounts of up to $50M per year. Europe is already a fertile ground for hemp and it is growing fast thanks to the increasing consumption of other hemp-based products. In 2016, 33,000 hectares of hemp were cultivated on the continent, which equals about 81,500 acres. In the same year, the United States grew 9,650 acres. Our commercial cold-water CBD extraction system is expected to yield $225M over the next 5 years, based upon expected growth.
Senate Bill 57 would allow for the cultivation of hemp in the Buckeye State as long as it contains less than 0.3 percent THC, the active ingredient in marijuana. Retailers, farmers and legislators have rallied around the proposal, hoping that Ohio can cash in on a potentially lucrative emerging market.
OVERLAND PARK, KS, March 25, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Green Globe International, Inc. (OTCPINK: GGII) is a Delaware company engaged in building a vertically integrated CBD and cannabis supply chain and developing a centralized marketplace for the 1000’s of farmers that have entered into Hemp farming after the successful passing of the 2018 Hemp-Farm Bill.
Dedicated to spreading awareness about the benefits of CBD, ChineseHempOil.com has been operating in the United States since 2017. Equipped with its strong reputation and its popular product lines, ChineseHempOil.com is constantly developing new and innovative ways to promote wellness in the Chinese community.
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