$HIPH Accelerates Push North On Company CBD Updates N Farm Bill
HIPH Confirmation of deliveries of its CBD Water Beverage, upcoming financials and Pink Current Status has pushed the stock to higher highs. The stock broke out above major resistance points and has formed a comfortable major base above .035 The CEO also confirmed that he is looking into potential partnerships and acquisitions of other MJ brands for this fall. Numerous updates are anticipated along with the following Overall MJ/CBD Market Catalysts:
Pending US Federal Hemp/CBD legalization DD/research links:
(1.)
The current Farm Act expires Sept 30th, 2018, legislators will attempt to pass a new Farm Act before the current Act expires, meaning; there's aprox. 99%+ certainty that the proposed US Federal Hemp/CBD legislation will be dealt with by congress in one way or the other on or before Sept 30th, 2018.
washingtonpost.com/business/2018/08/10/congress-is-about-legalize-cannabis-just-not-kind-that-gets-you-high/
The Hemp Farming Act of 2018 contains full spectrum legalization of Hemp & CBD on a US Federal level
en.wikipedia.org/wiki/Hemp_Farming_Act_of_2018
It is easy to under-estimate the potential economic impact of US Federal Hemp/CBD legalization, but consider;
Hemp/CBD has been federally restricted for over 80 years.
en.wikipedia.org/wiki/Legal_history_of_cannabis_in_the_United_States
Not only does CBD derived from Hemp have potential mass use on a national/federal level, but the Hemp by-products of CBD production have approximately 10,000 different additional uses:
bulkhempwarehouse.com/blog/the-history-of-hemp-its-10000-uses-an-animation/
The US Federal legalization of Hemp/CBD is essentially a once-in-a-century event.
(2.)
On Oct. 17th Canada will experience full Marijuana legalization. This will also be another catalysts and full spectrum legalization of MJ in Canada puts pressure on the US to pass full spectrum legalization of Hemp/CBD for US Farmers to stand a chance of being able to compete with the Canadians in the massive international Hemp/CBD space.
(3.)
With 2018 being a mid-term election year; Cannabis stocks tend to out-perform when legalization is on the ballot, see the following 2 videos for further explanation:
pro.moneymappress.com/p/NVXPS3979C/WNVXU7CR/
secure.caseyresearch.com/chain?cid=MKT363956&eid=MKT373913&step=start&plcid=PLC037798
This November 6th these 4 states will vote to legalize Marijuana in different forms:
North Dakota: Recreational Marijuana.
Michigan: Recreational Marijuana.
Utah: Medical Marijuana.
Missouri: Medical Marijuana.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.