The legal cannabis era has arrived, and many of the world’s biggest brands are taking notice.
Source: fool.com
Sean Williams
Excerpted from the article:
“The wait is nearly over. With literally hours remaining, Canada is set to lift the curtain on nine decades of recreational marijuana prohibition tomorrow. When licensed dispensaries open for business on Oct. 17, 2018, adults aged 18 or 19 (depending on the province) and older will be able to buy up to 30 grams of cannabis. This makes Canada the first industrialized country in the world to legalize adult-use weed.” Read more…
We at ONIT have been adamant about the direction the cannabis market will take as regulators relax restrictions on distribution and sales of product derived from the plant. Coca Cola, Constellation Brands, and now Walmart all see green in the health and wellness properties found in cannabinoids, CBD in particular. To produce CBD, extractors must either start with all-natural, organically grown hemp or marijuana or absorb the expense of removing toxins like pesticides, heavy metals and other chemical residue left over from chemically-farmed plants. ONIT Grow™ addresses the growing importance of organic farming techniques for plants destined for the supplement or pharmaceutical markets.