USMJ CEO Believes Media Missing Majority Of 2018 Farm Act Potential - PURA KALY and Rest of USMJ Family Prepare For More
December 12 2018 - 9:37AM
InvestorsHub NewsWire
December 12, 2018 -- InvestorsHub NewsWire
-- North American Cannabis Holdings, Inc. (USOTC:
USMJ) (“USMJ”) CEO and Chairman, Steven Rash, today reacted to
recent news following the U.S. Senate’s approval of the 2018 Farm
Act including the legalization of hemp farming.
Mr. Rash believes the media is missing the lion’s share of the
opportunity generated by the legalization of hemp. Articles,
such as, Barron’s “CBD Will Get a Boost With Passage of a New Farm
Bill” are focused primarily on the CBD market alone
and missing the multitude of applications of legal hemp beyond
CBD. USMJ’s family of companies includes Puration (USOTC:
PURA), Priority Aviation, (USOTC:
PJET), Nouveau (USOTC:
NOUV), and Kali, (USOTC:
KALY). Mr. Rash presents PURA and KALY as leaders in the
hemp-derived CBD market, both positioned to benefit from the CBD
opportunity the media is recognizing, but that the two companies
along with USMJ, NOUV and PJET have even more to offer than
hemp-derived CBD. Mr. Rash recently published a letter to
shareholders of the USMJ family of companies addressing the overall
opportunity generated by the what appears to be the imminent
passage of the 2018 Farm Act to include the legalization of hemp
farming. In reaction to the news, USMJ has released Mr. Rash’s
letter again in an effort to expand consideration of the coming
legalization of hemp farming beyond hemp-derived CBD. His
letter is included in its entirety
below.
Dear Legal Cannabis Industry Enthusiasts
–
Some of you are enthusiast because you
enjoy cannabis recreationally, legal or not, and strongly believe
the prohibition of cannabis is ridiculous and should be
rescinded. Others of you are investment enthusiasts and are
attracted to the explosive return-on-investment (ROI)
opportunity. Some of you, like myself, are advocates for the
industry because cannabis, in one shape form or another, has
medicinally helped someone you care about. And still others
are enthusiastic about the multitude of benefits to our economy and
the environment that can be realized through the legalization of
hemp farming in the United States. We are imminently
approaching a landmark event, not just in the history of cannabis,
but in global economics. All factors seem to be aligned for
the pending 2018 Farm Act to include the legalization of hemp
farming.
The legalization of hemp farming will
bring a sweeping and comprehensive impact to numerous industries to
include farming, pharmaceuticals, construction, and energy – to
name only a very few. The economy and the environment have
been robbed of the benefits from hemp for nearly a century and a
massive void is about to be filled. Hemp is a superior source
of raw materials for construction, clothing, and paper
manufacturing. Hemp fiber can be used in microprocessors and
supercapacitors. Hemp grows vigorously with little water and
without the need for chemical fertilizers and pesticides. The
underlying economic benefits are
huge.
The following is what a recently Motley
Fool article had to say about the potential of the legalization of
hemp. "If the bill makes it through Congress and is signed by
President Trump, as widely expected, industrial hemp should be
legal on Jan. 1, 2019. If this occurs, the U.S. market for
hemp -- and its derivatives -- is expected to soar. The
hemp-derived CBD market is projected to rocket from about $591
million this year to $22 billion by 2022, according
to the Brightfield Group. That's a whopping 37-fold increase in
just four years!"
Keep in mind, Motley Fool is just
concentrating here on hemp-derived CBD. They haven’t touched
on the plethora of other hemp applications, let alone the benefit
to the environment. In other words, the legalization of hemp
is even bigger than how big Motely Fool indicates it to
be.
When we started USMJ back in 2013, we did
so with a spirit of an entrepreneurial explorer. We felt the
industry had no predetermined answers in regard to what products
consumers would want or what the value chain might look like that
produced those products. We’ve experimented with far more
production and product applications than those we have brought to
market. We have more ongoing enterprise experiments in the
works than any shareholder knows about today. The products
and processes that the USMJ family of companies has brought to
market have been thoroughly vetted and now lead within their niche
segment. The USMJ brand name stands out in the cannabis
industry. That brand name will soon be the center of a major
cannabis sector ecommerce site. USMJ developed and spun off
what is today Puration (PURA), the leading producer of a
hemp-derived CBD infused sports beverage called EVERx. The
work with EVERx advance a patented cannabis extraction process
which is today housed under the company Kali-Extracts (KALY).
In an effort to develop high-quality cannabis for extraction and
infusion, we built or own cultivation operation working today on
the development of a proprietary cultivar. The cannabis
cultivation operation is housed under Nouveau (NOUV).
One of my favorite projects has been the AmeriCanna
Cafe. I enjoy the retail interface and the opportunity to
hear from the cannabis community first hand. The AmeriCanna
Cafe concept restaurant is now housed under the public entity,
Priority Aviation (PJET) and yes, we plan to change the name of the
public holding company. The majority interest positions in
USMJ, PURA, NOUV, and PJET are all held by ACI Conglomerated. ACI
stands for American Cannabis Innovations and in addition to being
the CEO and Chairman of USMJ, I am also the CEO and Chairman of ACI
Conglomerated. The original owner of the cannabis extraction
patent, through his company NCM Biotech, is an individual named
Frederick Ferri. We have been working with Fred for years
even before the merger of NCM Biotech into KALY. PURA has the
sole license of the patent and we consider, Fred and KALY part of
the family. We formalized our relationship with Fred and KALY
through the US Cannabis Health joint venture between PURA, NOUV and
KALI where the three companies are working together to forge
partnerships with pharmaceutical companies and with the
pharmaceutical partnership, produce new pharmaceutical products
that include cannabis concentrates.
Through our ongoing spirit of
entrepreneurial exploration in the cannabis sector now founded on
years of experience through trial and error, the USMJ family of
companies, to include PURA, NOUV, PJET and KALY are poised to
capitalize on the imminent legalization of hemp farming with the
pending passage of the 2018 Farm Act. I strongly believe all
five companies are leaders in their own cannabis sector
niche: USMJ in becoming the Amazon of cannabis with the
pending launch of its online, ecommerce site; PURA with is cannabis
infused beverage business; NOUV with its cannabis cultivation
business; PJET with the AmeriCanna Cafe and KALY with its patented
cannabis extraction business. I anticipate the legalization
of hemp will enhance the valuation of all five companies and in so
doing, dramatically improve their access to resources to support
even greater accelerated growth than they have already
exhibited.
In closing I will reiterate and emphasize
that I believe the legalization of hemp farming as anticipated
under the pending 2018 Farm Act, is the single biggest event yet to
date to take place in the developing and evolving legal cannabis
sector. The legalization of hemp is a far bigger even than
the legalization of recreational marijuana in Canada. The
size of the hemp market dwarfs the size of the recreational
marijuana market, and the size of the United States market overall,
dwarfs the size of the Canadian market. I think the
legalization of hemp as expected under the 2018 Farm Act is great
for the entire market of entrepreneurial cannabis enterprises in
the United States and I would hold out any of the USMJ family of
companies, with their combined experiences, expertise and living
spirit of entrepreneurial leadership, as a standout in the coming
new era of the cannabis sector where hemp farming is now
legal.
Here is to the happiest of holidays for
all of us enthusiastic about a world where cannabis is legal for
all; We couldn’t ask for a much better gift than a Farm Act that
legalizes hemp farming.
Steven
Rash
CEO and
Chairman
USMJ and ACI
Conglomerated
www.growusmj.com
Disclaimer/Safe
Harbor:
This news
release contains forward-looking statements within the meaning of
the Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur. These statements have not been evaluated by the Food and
Drug Administration. These products are not intended to diagnose,
treat, cure, or prevent any
disease.
Steven
Rash
CEO
North American Cannabis Holdings, Inc.
info@aciconglomerated.com
+1-800-861-1350
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