SpeakEasy Cannabis Club (CSE:EASY) has signed a non-binding letter of intent with M&J Orchards to plant 50 acres of hemp in 2020 on M&J’s property.
As quoted in the press release:
Industrial Hemp Regulations
The production of industrial hemp follows a different, far less stringent set of regulations than those for the production of cannabis, allowing an easier licencing process for the production of hemp containing less than .3% THC. Industrial hemp producers can grow hemp of approved varieties, collect the biomass and sell to licenced producers that can then process into concentrated forms of CBD.