Stem Holdings, Inc. Receives License To Cultivate Hemp On 14-Acre Farm Outside Of Portland, Oregon

Boca Raton, FL — January 25, 2018 — /D.M.O. Newswire/ — Stem Holdings, Inc.  (OTC: STMH) (CSE: STEM) (the “Company” or “Stem”), an innovative publicly-traded cannabis corporation with vertically integrated operations throughout the United States, has received approval to cultivate hemp on a 14-acre farm outside of Portland, Oregon. This hemp cultivation license comes just a month after the Agriculture Improvement Act of 2018 (commonly known as the 2018 U.S. Farm Bill) was signed by President Trump effectuating hemp being removed from the Federal Controlled Substance Act (CSA).

With these recent federal developments, the Hemp Business Journal predicts that the demand for hemp-derived CBD for use in health and wellness products will push U.S. hemp revenues to over $1 billion by 20221. In addition, a new report by Grand View Research Inc., predicts that the global industrial hemp market will be a $10 billion industry by 20252. Stem’s CEO, Adam Berk, is excited about the potential of bringing Stem’s line of high-quality hemp products to more customers across the country and around the world.

“We are setting ourselves up to be a leader in what we expect will be one of the world’s largest industries in just a few years,” Berk says. “We will be one of the few companies that will truly excel at cultivating, manufacturing, and distributing hemp products to this growing consumer market. Receiving this hemp cultivation license in Oregon is just the first step in being able to achieve our goal.”

Stem will cultivate hemp using a specific and proprietary CBD plant made popular by Oregon’s historic cannabis company and Stem affiliate, TJ’s Gardens. Acknowledged as the Pacific Northwest’s premier cannabis cultivator, TJ’s Gardens is recognized for their incredible CBD-rich flower strain that has provided important wellness benefits to many patients forming part of the Forrest Initiative for nearly a decade now.

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Disclaimer: Except for the historical information and data presented herein, matters discussed in our articles contain forward-looking statements that are subject to certain risks and ...

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