Month: December 2018

Hemp Farming Legalized Across the United States by the 2018 Farm Bill

A historic victory for hemp advocates and American farmers was achieved by a vote to legalize hemp farming across the US as a part of the 2018 Farm Act Bill. The law removes hemp (defined as cannabis with less than 0.3% THC) from the list of Schedule I controlled substances, alongside heroin and cocaine, and adjusts it to a more

TOBACCO GIANT ALTRIA INVESTS $2.4 BILLION IN CANNABIS COMPANY CRONOS

Altria Group, the biggest tobacco company in the world and the maker of Marlboro cigarettes, is reportedly investing approximately $1.8 billion USD (CAN $2.4 billion) into the Cronos Group, one of Canada’s major cannabis producers. For its initial investment, Virginia-based Altria will acquire a 45 percent ownership stake in Cronos. The agreement also gives Altria the option to invest up

FARM BILL OFFICIALLY CONTAINS PROVISIONS TO LEGALIZE HEMP

The 2018 hemp provisions will reclassify the plant as an agricultural commodity, removing it from the list of federally controlled substances. There are currently nearly 40 states in the U.S. that have legalized hemp as part of pilot programs for research made possible by the Farm Bill of 2014. A federal legalization in 2018 would open the door for commercial