Christopher Boucher, VP of Product Development for CannaVest Corp. US Hemp Oils and HempMedsPX’s VP of Communications, Charles Vest, called into SmallCapVoice.com to discuss the recent news for their client Companies. Recent news include the discussion regarding the U.S. government’s decision to allow hemp farming in the U.S. with the long awaited passing of the Agricultural Act of 2014, commonly known as the “Farm Bill.” An American pioneer of the hemp industry, Boucher is the first to have legally planted a domestic hemp field twenty years ago at the United States Department of Agriculture (USDA) Research Center in Imperial County, California. Although the hemp grown by Boucher was well documented and fully permitted by the USDA, the State of California ordered the federally-sanctioned field to be plowed under. “The Farm Bill prevents this from happening to upper educational institutions and Departments of Agriculture in states where cultivation of hemp is legal,” continues Boucher.
Charles Vest discussed how HempMedsPX(TM) – a corporate portfolio company of Medical Marijuana, Inc. (MJNA) and the exclusive master distributor and contracted marketing company for CannaVest Corp. (CANV) and Medical Marijuana, Inc.— has signed an agreement to exclusively supply the world’s first industrial cannabidiol (CBD)-rich hemp oil-based anti-aging Cannabis Beauty DEFINED(TM) product line to a home-based business organization. An additional product line from HempMedsPX(TM), HempVĀP(TM), will be a non-exclusive offering by the home-based business organization. The contract is for a term of no less than two years. The details of contractual agreement remain confidential at this time.