New York State APPROVES Canadian Cannabis

One Canadian cannabis company just secured a coveted hemp license in New York State.legalized hemp
Shares surged 11% on the news – extending the rally for cannabis stocks.
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It’s not surprising that the license was issued to the world’s largest cannabis company. That’s right – Canopy Growth (NYSE: CGC) secured this valuable legalized hemp license.
Canopy’s market value jumped by $1.4 billion following the news.
Canopy Growth plans to invest $100 million to $150 million in New York State, pending local site approval. The company plans to build its facility in the Binghamton area.
The new hemp processing facility will employee 400 people.
Canopy Growth is on track to reach $1 billion in sales within 18 months. Expansion into CBD products and the U.S. market is a huge aspect of the company’s aggressive growth plans.
That’s why Canopy Growth – and these top three undiscovered pot stocks – are at the top of my BUY LIST (go here for urgent details).
Sen. Chuck Schumer endorsed the deal – saying it’s good for the state and Canopy.
“I fought so hard to strip the burdensome federal regulations from industrial hemp in our Industrial Hemp Farming Act of 2018, which was recently included in the Farm Bill, because I knew how much it could mean to the Southern Tier, and this investment proves it.”
In a press conference, Schumer explained that Canopy’s presence could help the areas farmers and attract other cannabis companies the region.
The bipartisan 2018 Farm Bill – signed on Dec. 20 by President Trump – legalized hemp in all 50 states.
This groundbreaking legislation legalizes hemp for the first time in 81 years.
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Most people focus on the THC aspect of the cannabis market. This focuses on products that provide the typical “high” associated with marijuana.
However, the Farm Bill opened up a new and huge market for cannabis products.
Why does this matter?
Because hemp is used to make products using CBD – including lotions, oils, bath bombs and animal snacks. Legalized hemp now makes CBD completely legal – opening up a huge new growth market.
The CBD market reached $591 million last year. But that’s just the start . . .
The Brightfield Group says the hemp-CBD market could reach $22 billion by 2022.
Positive news is sending pot stocks rebounding sharply since Christmas.
Now is the time to BUY these stocks – before they double again.
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Ian Wyatt

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