Farm Bill advancing through Congress; legal hemp cultivation looming; shares up 29%
Nov. 29, 2018 3:24 PM ET|By: Douglas W. House, SA News Editor
Nano cap Hemp (OTCPK:HEMP +28.5%) is up on triple normal volume in apparent reaction to its announcement that the U.S. 2018 Farm Bill is nearing the finish line, including a provision legalizing hemp cultivation, production and distribution.
The company says when the bill passes, it will allow states to regulate hemp in addition to allowing hemp researchers to apply for grants from the Agriculture Department and enable hemp farmers to qualify for crop insurance.
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