[ACCESSWIRE]
CORAL GABLES, FL / ACCESSWIRE / December 13, 2018 / The Senate passed the 2018 Farm Bill on December 11, 2018, and on December 12, 2018, the House followed suit. This could be a significant legislative package that reauthorizes agriculture programs and food aid; more specifically for marijuana stocks, it also legalizes hemp and in turn, hemp-based CBD, which is widely used for both recreational and medical purposes.
4 pot stocks to watch during Farm Bill talks: Leafbuyer Technologies Inc. (LBUY), Marijuana Company of America (OTCQB: MCOA), CV Sciences (OTCQB: CVSI), and Hemp Inc. (HEMP).
The global medical marijuana market was valued at US$13.908.7 billion in 2017, and is expected to reach US$ 57.582 billion by 2026, expanding at a CAGR of 17.1% from 2018 to 2026 according to reports from Credence Research.
Leafbuyer Technologies Inc. (LBUY) has been focused on the latest trend in the cannabis industry: partnerships. The company recently partnered with recreational and medical cannabis dispensaries throughout several legal markets to bring consumers the best deals for the 2018 Green Friday Deals Event in late November. ''Cannabis dispensaries are in the retail business just like clothing stores and technology outlets, and they understand the power behind offering great deals for consumers on the Black Friday shopping event,'' said Leafbuyer's COO, Mark Breen.
Leafbuyer Technologies Inc. (LBUY) entered into a new partnership with The Stranger, a well-known media outlet and content site in Washington, to significantly expand the reach of Leafbuyer's deals platform in the region. The Leafbuyer Network reaches millions of cannabis consumers every month through other partner sites including LA Weekly, Voice Media Group (multiple properties), Grasscity and Weedtube to name a few.
In its most recent financial reports, the company recorded a quarterly sales increase of 67% in the quarter ending September 30, 2018. The increase reflects the revenue booked in the quarter versus the same quarter of the previous year.
''Our record growth this quarter is a function of our bolstered national expansion and the higher dollar value we are receiving for our bundled packages,'' said Mark Breen, COO of Leafbuyer. ''We are seeing a high demand for our loyalty services as well as our customer acquisition platform. We expect to see a significant increase in revenue coming from loyalty and order ahead products from our cannabis dispensary customers.''
For More Information On Leafbuyer, Click Here
Marijuana Company of America (MCOA) saw its shares rally on Wednesday. The company announced this week that it had upgraded its trading tier on the OTC Markets to the OTCQB Venture Marketplace.
Since hitting lows of $0.0115 earlier this month, the company's shares topped highs of $0.0298 during premarket trading on Thursday.
"Our Company will continue to be aggressive in executing our business plan and we believe this is a necessary step to help legitimize MCOA as one of the top fully reporting public cannabis companies involved in the hemp-derived CBD sector. MCOA will continue to expand our operations in the U.S. as well as launch our hempSMART™ product line internationally in 2019," said CEO Donald Steinberg.
This news came on the heels of its launch of a new corporate hempSMART™ website and marketing platform for its associates, which was announced earlier this week.
For More Information On Marijuana Company Of America, Click Here
CV Sciences (CVSI) announced this week that it has received Nutritional Outlook's 2018 Best of the Industry Awards, Retail/Brand Product, for the Company's best-selling PlusCBD Oil™line of hemp-derived CBD products.
CV Sciences was recognized for its leadership role in providing transparency to the safety of its ingredients, which include hemp extract comprising of a full spectrum of naturally-occurring phytocannabinoids including CBD, fatty acids, terpenes, plant sterols and vitamin E. In September 2018, the Company's Gold Formula products received self-affirmed Generally Recognized as Safe (GRAS) status in accordance with U.S. Food and Drug Administration (FDA) safety guidelines, an initiative demonstrating its dedication in establishing responsible practices for the burgeoning hemp CBD industry.
During premarket trading on Thursday, shares of CV Sciences hit highs of $5.70.
For More Information On CV Sciences, Click Here
Hemp Inc (OTC PINK: HEMP) continued to trade higher on Thursday. With the Farm Bill headlines, companies like Hemp Inc have captivated investor interest this week.
The company announced that in anticipation of the Farm Bill, hemp legalization and cultivation could be a catalyst for explosive growth in a nascent industry that some forecast could top $20 billion by 2022.
"We are eagerly awaiting the passage of the Farm Bill," said Hemp, Inc. CEO Bruce Perlowin. "Our vast experience in the emerging marketplace, paired with our social and environmental efforts, put us at the forefront of this ever expanding industry. It is truly a historic time to be in the hemp business."
In addition to this, Hemp was recently featured in Caribbean Business for their groundbreaking work in the hemp industry. According to the company, this feature is in direct response to Hemp, Inc. CEO Bruce Perlowin's involvement in the Puerto Rico MedCann.Biz Convention earlier this month.
For More Information On Hemp Inc., Click Here
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Leafbuyer Technologies Inc., Midam is being paid $50,000 for a period of 30 days beginning November 1, 2018, and ending November 30, 2018. Midam has been paid an additional $50,000 and 40,000 common restricted shares of Leafbuyer Technologies, Inc. extending the contract another 30 days ending December 31, 2018. We own 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc. MAPH owns 6 million common restricted shares of (HEMP). For previous compensation and disclaimer information, click here for our full disclaimer
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