PotNetwork Holdings Inc. Prepares for Surge in Interstate Commerce Following 2018 US Hemp Farm Bill
December 17 2018 - 8:31AM
InvestorsHub NewsWire
PotNetwork Holdings Inc. Prepares for
Surge in Interstate Commerce Following 2018 US Hemp Farm
Bill
Industry-leading
Subsidiary Diamond CBD Inc., Poised to Capture Evolving Consumer
Market, Prepares for Revolutionary Industry
Changes
Ft Lauderdale,
FL -- December 17, 2018 -- InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC Pink: POTN) and its wholly-owned subsidiary, Diamond CBD
Inc., have begun planning how the Company will effectively bolster
its corporate footprint in a market anticipated to see great
changes based on recent legislative events.
The $867 Billion Farm Bill includes a provision
involving industrial hemp and its derivative, cannabidiol (CBD),
effectively removing CBD from the Controlled Substances Act
Scheduling and putting it under the supervision of the Department
of Agriculture.
Applauding the recent actions of both houses of
Congress to effectively pass a farm bill with hemp provisions,
analysts are optimistic, indicating that the landscape has never
been more ready for Presidential follow through. The U.S. Senate
voted overwhelmingly (with an 87 to 13 vote) to approve the
bill.
Being one step closer to redefining low-THC
hemp as a legal plant, the doors of opportunity begin opening to
new and better research, the production of more tailored premium
quality formulations, and a strengthened economy benefiting from
the legal interstate commerce of hemp and CBD products. With
Presidential endorsement, a long-marginalized industry can quickly
help revitalize the American economy.
The latest available numbers from the Hemp Business Journal show, that last year
alone, hemp sales reached $820 million, with projections showing it
could be worth $2.1 billion by the end of the decade; all generated
before hemp was made commonly legal. Under the provisions laid out
in the farm bill, the Controlled Substances Act will be amended in
regards to hemp, with farmers now given more freedom to both grow
many varieties of hemp, and collect crop insurance when necessary.
Nationwide hemp production will soon commence, along with
interstate commerce, allowing for the growth of what could be an
ever-expanding industry.
“The farm bill is revolutionary,” said Kevin
Hagen, CEO of PotNetwork Holdings. “If President Trump signs the
bill, as predicted, the cannabis industry will be fortified and
raised to a whole new level, bringing a new source of stimulation
to the American economy. Over the past year Management has
effectively positioned the Company to capitalize on that window of
opportunity, with a consumer base ripe for growth through expanded
interstate commerce and increased sourcing
opportunities.”
PotNetwork Holdings’ industry-leading
subsidiary Diamond CBD is positioned to, benefit greatly from this
landmark legislation. Diamond CBD, already well-established
as a market leader in the CBD industry, will experience increased
opportunity nationally, as sales barriers are torn down. Management
is well positioned to capitalize on strategic partnerships and
propel already established brands such as Chill, Chill Plus,
Diamond CBD, and Chong’s Choice.
The new legislation could not have come at a
more opportune time for the company. Hagen concludes: “I’ve heard
it said that the greatest potential for extraordinary success is
when timing and opportunity meet. At this stage in the game, we
firmly believe, that standing on the threshold of a revolutionized
industry, that our growth potential here can still be considerably
exponential."
PotNetwork Holdings, Inc. applauds the members
of Congress who helped pass this landmark legislation and hope to
see President Trump sign the bill into law
shortly.
About Diamond CBD,
Inc.
Diamond CBD focuses on the research,
development, and multinational marketing of premium hemp extracts
that contain a broad range of cannabinoids and natural hemp
derivatives. Diamond CBD’s team consists of hemp industry pioneers
and natural product experts, chemists, doctors and scientists,
dedicated to producing the finest and purest cannabidiol (CBD)
oils. The result is a robust selection considered among the most
powerful natural CBD oils, tinctures, edibles, and vape liquids
found anywhere. For more information, please visit its website at
www.DiamondCBD.com.
About PotNetwork Holdings,
Inc.
PotNetwork Holdings, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a
holding company for its principal subsidiaries, First Capital
Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond
CBD products. For more information, please visit its website at
www.PotNetworkHolding.com
Safe
Harbor: Forward-Looking
Statements are included within the meaning of Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements regarding our expected
future financial position, results of operations, cash flows,
financing plans, business strategy, products and services,
competitive positions, growth opportunities, plans and objectives
of management for future operations, including words such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may," "could," "should," "will," and similar expressions
are forward-looking statements and involve risks, uncertainties and
contingencies, many of which are beyond our control, which may
cause actual results, performance, or achievements to differ
materially from anticipated results, performance, or achievements.
We are under no obligation to (and expressly disclaim any such
obligation to) update or alter forward-looking statements, whether
as a result of new information, future events or
otherwise.
Contact: PotNetwork
Holdings, Inc.
Investor Relations: Marisol
Elwell
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