Through its Chief Executive Officer Steven Rash, North American Cannabis Holdings Inc. (OTCMKTS:USMJ) has provided an update of its pending vital events. The said events incorporate those involving USMJ and the USMJ family of companies. These companies include Nouveau Life Pharmaceuticals Inc. (OTCMKTS:NOUV). Puration, Inc., Kali, Inc., and ACI Conglomerated among others. Puration Inc. (OTCMKTS:PURA) and Kali who are partners have an additional venture with the US Cannabis Health, Nouveau Life Pharmaceuticals, Inc.
In his New Year Message, Rash who is also the company’s Chairman outlined greater and more significant anticipation for the business. He noted that even though not all companies had hit the set revenue goals, there was still potential to achieve them.
USMJ has a consistent base of business that management anticipates will continue
The company did not achieve its initial revenue goal of $20 million. However, the management says that it has a consistent base of business. Its primary goal is to double the sales in the next calendar year. The endorsement of the 2018 Farm Act, which legalizes hemp farming in the United States serves as an advantage to the company. Besides, it has opened the cannabis sector to the globe raising the prospects of CBD produced in the US.
Legal hemp farming is much bigger than the CBD production. There are speculations that it will get through various sectors such as construction, energy, pharmaceutical, and fashion among others. Following its legality, estimates show that help farming will generate $50,000 per acre to the advantage of the likes of Nouveau Life Pharmaceuticals, Inc.
Legal hemp farming is the most significant event that will ever happen to the cannabis sector
There has been a lot of ups and downs regarding the legalization of Cannabis in various regions. However, legalization of hemp farming is likely to open doors for the legalization of recreational marijuana. According to Rash, this is going to be a massive year for a majority of entrepreneurial cannabis establishments. With all this enthusiasm, USMJ expects to become an adorable brand as it looks forward to launching an e-commerce site worth $10 million. Meanwhile, the company’s shareholders are expecting to receive their dividend of PJET stock.