LOS ANGELES, April 12, 2019 /PRNewswire/ –With a total of 33 states so far approving medical marijuana, yet another state appears on the road to legal medical adoption. For the first time ever, the Kentucky legislative panel has advanced a medical marijuana bill.
Strong endorsement of medical marijuana legalization has added momentum to the cannabis growth and CBD derived products markets in U.S. states where companies see the trend as a next step to national growth, including providers like General Cannabis Corp (OTC: CANN), Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF), and MedMen Enterprises Inc. (OTC: MMNFF) (CSE: MMEN).
Besides the growing medical application of cannabis, the CBD and hemp-based products business is also gaining strength. The Yield Growth Corp. is one of the early innovators in the space getting attention for its broad offering. The Yield Growth Corp. (CSE: BOSS) (OTC: BOSQF) has developed a line of wellness and beauty products that make the most of what the hemp plant can legally offer in almost any country, as well as offering the opportunity to infuse those products with THC or CBD if and where they become legal.
The strategy of using legal products and developing brands as a gateway to the products that require legalization for inclusion of THC or CBD is seen by the industry as a move to broaden the appeal of the products. Many of the products will become well-known brands before ever including any of the currently restricted ingredients.
The Bill Being Advanced in Kentucky
The bill being forwarded in Kentucky has been a while in the making and would allow doctors to prescribe marijuana to treat certain medical conditions. The bill has now officially passed out of a state legislative panel – a bit of a feat in itself.
As actual legislation, the bill