SpeakEasy Signs LOI with M&J Orchards to Operate Hemp Field

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.

Click here to read the full press release.