Supervision of hemp by the Agriculture Department and removal of CBD from Controlled Substances Act opens the door to dramatic expansion of the industry
COLUMBUS, OH, Dec. 21, 2018 /PRNewswire/ – Green Growth Brands (CSE: GGB OTCQB:GGBXF) (GGB or the Company) recognizes the monumental shift in policy brought about by President Donald Trump’s signing of the 2018 Farm Bill yesterday. The Farm Bill, which is renewed approximately every four years, removes industrial hemp (defined as hemp or hemp products containing less than 0.3% tetrahydrocannabinol, or THC) from the Controlled Substances Act and, thus, the purview of the Drug Enforcement Administration. The U.S. Department of Agriculture, as well as participating states, will now supervise the cultivation and use of industrial hemp.
The Farm Bill’s passage comes at a time when Green Growth Brands is set to market and sell hemp-derived CBD personal care products under its Seventh Sense brand. The Company’s goal is to become North America’s leading retailer of cannabis and CBD products.
The new bill is a significant step in America’s acceptance of CBD and the benefits it can provide consumers. This development dramatically accelerates our ability to grow our North American retail network.
Peter Horvath, CEO of Green Growth Brands
This piece of legislation provides clarity on how we can build out our operations and logistics, reassures those investing with us in this new, exciting industry and gets us closer to the ultimate goal of giving customers high quality CBD-infused personal care products at affordable prices.
Seventh Sense CBD-infused botanical therapy products include muscle balm, lotion, body wash, and foot cream. Designed to renew, restore and reawaken the mind, body and spirit, the collection can be viewed at www.shopseventhsense.com.
About Green Growth Brands
Green Growth brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that people love. Led by Peter Horvath, the GGB team is full of retail and consumer packaged goods experts with decades of experience building successful brands. Join the movement at GreenGrowthBrands.com.