LOS ANGELES, Dec. 28, 2018 (GLOBE NEWSWIRE) -- Green Cure & Botanical Distribution, Inc. (GRCU) a Colorado Corporation (“The Company”) commend President Trump on signing The Farm Bill legalizing hemp farming into law December 20th 2018. The Bill redefines a cannabis plants with no more than .03% THC as hemp. The measure aims to clarify that those low – THC cannabis plants aren’t illegal drugs, which is the most significant change to the Controlled Substance Act since it was passed in 1971.
Key provisions within the Bill Include:
Removes hemp’s low amounts of THC from the Controlled Substances Act
Allow nationwide Hemp production, while permitting states to submit individual plans to regulate the crop to the U.S. Department of Agriculture, which will oversee hemp the same as any other agricultural commodity.
Guarantee interstate commerce for hemp products, including CBD.
As The Company continues to execute its business plan of consolidating and managing hemp and CBD products and companies, the Farm Bill will allow The Company to compress timelines and expand The Company’s reach geographically. The previously announced negotiations with several CBD companies and an internationally known ice tea brand are ongoing and management feels confident they will close in the coming weeks.
About Green Cures & Botanical Distribution, Inc. (OTC PINK: GRCU)
Green Cures & Botanical Distribution Inc., is revenue-generating company that wholesales and retails hemp-infused nutritional, botanical, sports, and body care products. The company is currently Web-based and focuses on online retailing. Green Cures & Botanical Distribution Inc., operates a diverse portfolio of products and services within the botanical and cannabis industry, as permitted by law. From concept to production and distribution, Green Cures & Botanical Distribution Inc., is continuously creating and introducing products that promote a healthy life style. For more information visit: http://www.grcustock.com/.
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