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CannaVEST Corp (OTCMKTS:CANV) Inches Closer To September Hemp Harvest; Gets Colorado Department Registration

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Boston, MA, 04/21/2013 (medicalmarijuanareporter.com) –  CannaVEST Corp (OTCMKTS:CANV) continued its upward trajectory a day after, as the news appeared that the company has been granted Commercial Industrial Hemp Registration by the Colorado Department of Agriculture, permitting it to grow and possess the hemp.

Gets Registration To Cultivate And Possess Hemp

The grant of Registration is an important milestone for the company to unlock the value that lies in the potential $1 billion worth of domestic industrial hemp industry. It is to be noted that the approval of the U.S. Farm Bill in February this year paved way for the leader in the global hemp industry. Thus, this week’s development is another major victory for the cannabis grower.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

Besides, the company’s objective to expand in the segment can also be seen from its well-timed efforts extend strategic associations with farm bureaus and farmers in various states including, North Dakota, California, Colorado and Vermont. Among these states, Colorado, in particular, became the first state to adopt and eventually contribute to the advancement of a chief new industry. As part of its growth efforts, CannaVest announced earlier this month about its partnership with Alfonzo Abeyta, an owner of the Quarter Circle Lazy 5 Ranch and a fifth generation Colorado farmer. Through this partnership, CannaVEST Corp (OTCMKTS:CANV) intends to commence the farming of industrial hemp for the September harvest. In addition to this, the company also plans to build processing mills in order to produce hemp seed oil, seeds and protein powder. Along with this, the company will also process and market high-graded hemp fiber and hurds that are used in automotive parts and construction materials.

U.S. A Growing Market

In the recent past, the U.S. has become the fastest growing market for hemp as its imports of hemp seed; fiber and oil are among the largest in the globe. While the hemp market in the U.S. is worth $500 million currently, it offers no financial benefit for the farmers there. Therefore, Colorado being the first state to embrace the legal production and processing of industrial hemp could generate new jobs and tax revenue in the short term. Over and above this, CannaVEST Corp (OTCMKTS:CANV) is also involved in active investment in emerging hemp companies, intellectual property and technology, in order to guide them in the business and eventually help them to benefit from the potential market that exists in the U.S.

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Trade


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Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play