CannabisNewsWire Editorial Coverage: The pending legalization of recreational cannabis and the extraction of cannabinoids from hemp in Canada is only one in a series of changes bringing expectations of new growth to these industries.
- Legalization of recreational cannabis in Canada is set to establish an industry worth billions of dollars every year.
- American companies can make the most of this change through cross-border partnerships and Canadian subsidiaries.
- Industrial hemp offers another option for companies in this sector, producing and extracting cannabinoids, including CBD and other cannabinoids, from the flowers and leaves will become legal on October 17, 2018.
Marijuana Company of America Inc. (OTC: MCOA) (MCOA Profile) is making the most of these changes, developing CBD products and industrial hemp cultivation processes alongside its Canadian partner, Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF). Scotts Miracle-Gro Company (NYSE: SMG) has acquired Sunlight Supplies to give it a larger hold in the hydroponic cultivation market. GrowGeneration Corporation (OTC: GRWG) is also specializing in hydroponics, which it expects to become a $4.5 billion industry. Micron Waste Technologies, Inc. (OTC: MICWF) (CSE: MWM) is creating a specialist onsite waste management system for cannabis farmers. And as hemp cultivation appears to be…
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