Flora Growth Corp. Highlights President-Elect Trump's Historic Support for Hemp Industry Growth Following 2018 Farm Bill
Flora Growth Corp. (NASDAQ: FLGC) acknowledges the significance of the 2018 Farm Bill, signed by President-Elect Trump, which decriminalized industrial hemp federally and catalyzed industry growth. The PR highlights the anticipated appointment of Robert Kennedy Jr. to lead the U.S. Department of Health and Human Services, noting his support for marijuana legalization and banking reforms. According to Whitney Economics, the hemp industry is currently valued at $28 billion, demonstrating significant economic impact through hemp-derived product sales and job creation.
Flora Growth Corp. (NASDAQ: FLGC) riconosce l'importanza del Farm Bill del 2018, firmato dal Presidente eletto Trump, che ha depenalizzato la canapa industriale a livello federale e ha catalizzato la crescita del settore. Il comunicato stampa sottolinea la prevista nomina di Robert Kennedy Jr. a capo del Dipartimento della Salute e dei Servizi Umani degli Stati Uniti, evidenziando il suo supporto per la legalizzazione della marijuana e le riforme bancarie. Secondo Whitney Economics, attualmente l'industria della canapa è valutata $28 miliardi, dimostrando un impatto economico significativo attraverso le vendite di prodotti a base di canapa e la creazione di posti di lavoro.
Flora Growth Corp. (NASDAQ: FLGC) reconoce la importancia de la Ley Agrícola de 2018, firmada por el presidente electo Trump, que despenalizó la producción de cáñamo industrial a nivel federal y catalizó el crecimiento de la industria. El comunicado de prensa destaca el anticipado nombramiento de Robert Kennedy Jr. para liderar el Departamento de Salud y Servicios Humanos de EE. UU., señalando su apoyo a la legalización de la marihuana y las reformas bancarias. Según Whitney Economics, la industria del cáñamo está actualmente valorada en $28 mil millones, demostrando un impacto económico significativo mediante las ventas de productos derivados del cáñamo y la creación de empleos.
플로라 성장 주식회사 (NASDAQ: FLGC)는 트럼프 당선인이 서명한 2018 농법의 중요성을 인식하고 있으며, 이 법안은 연방 차원에서 산업용 대마를 비범죄화하고 산업 성장을 촉진했습니다. 보도자료는 로버트 케네디 주니어가 미국 보건복지부를 이끌게 될 것으로 예상되며, 그는 대마초 합법화와 은행 개혁을 지지하고 있다고 언급합니다. 윈스턴 경제학에 따르면 현재 대마 산업의 가치는 $280억에 달하며, 대마에서 유래한 제품 판매와 일자리 창출을 통해 상당한 경제적 영향을 미치고 있습니다.
Flora Growth Corp. (NASDAQ: FLGC) reconnaît l'importance de la loi agricole de 2018, signée par le président élu Trump, qui a décriminalisé le chanvre industriel au niveau fédéral et a catalysé la croissance de l'industrie. Le communiqué de presse souligne la nomination prévue de Robert Kennedy Jr. pour diriger le Département de la Santé et des Services sociaux des États-Unis, notant son soutien à la légalisation de la marijuana et aux réformes bancaires. Selon Whitney Economics, l'industrie du chanvre est actuellement évaluée à 28 milliards de dollars, montrant un impact économique significatif grâce aux ventes de produits dérivés du chanvre et à la création d'emplois.
Flora Growth Corp. (NASDAQ: FLGC) erkennt die Bedeutung des Farm Bill von 2018 an, das vom gewählten Präsidenten Trump unterzeichnet wurde und die Industriehanf auf Bundesebene entkriminalisierte und das Wachstum der Branche katalysierte. Die Pressemitteilung hebt die voraussichtliche Ernennung von Robert Kennedy Jr. zur Leitung des US-Gesundheitsministeriums hervor und weist auf seine Unterstützung für die Legalisierung von Marihuana und Bankenreformen hin. Laut Whitney Economics wird die Hanfindustrie derzeit auf 28 Milliarden US-Dollar geschätzt, was einen signifikanten wirtschaftlichen Einfluss durch den Verkauf von hanfabhängigen Produkten und die Schaffung von Arbeitsplätzen zeigt.
- Hemp industry currently valued at $28 billion according to Whitney Economics
- Potential positive regulatory changes with anticipated HHS appointment supporting cannabis banking reforms
- None.
Insights
The article discusses historical context and speculative future developments rather than presenting immediate market-moving news. While it references the
Fort Lauderdale, Florida--(Newsfile Corp. - November 19, 2024) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") acknowledges the pivotal role that President-Elect Donald Trump played in opening the doors for the cannabinoid industry through the signing of the 2018 Farm Bill. This landmark legislation laid the groundwork for hemp's current economic influence, sparking extensive growth in the sector with hemp being a major economic driver, supporting jobs, and generating revenue.
The 2018 Farm Bill, signed into law by President-Elect Trump, decriminalized industrial hemp at the federal level, enabling a surge in new economic activity as states developed programs to cultivate, process, and sell hemp-derived products. In the years following the Farm Bill, the hemp industry has become a thriving industry with hemp-related businesses and retailers providing high-quality cannabinoid products to consumers.
The anticipated appointment of Robert Kennedy Jr. to lead the U.S. Department of Health and Human Services signals a potential turning point for the cannabis industry. As a vocal advocate for marijuana legalization and tax reform during his presidential campaign, Kennedy outlined a vision for leveraging cannabis tax revenue to fund transformative initiatives, such as creating "healing centers" where individuals recovering from addiction can engage in organic farming as therapy. His support for freeing up banking services for cannabis businesses could alleviate one of the industry's most significant challenges, enabling broader financial access and operational stability. Under Kennedy's leadership, the cannabis sector could see increased legitimacy, regulatory clarity, and integration into national health and economic recovery efforts, paving the way for a more robust and socially impactful industry.
A recent study by Beau Whitney of Whitney Economics estimates that the hemp industry is worth
"Without the foundational 2018 Farm Bill, the growth of the hemp industry we see today would not be possible," said Clifford Starke, Chief Executive Officer. "Flora is proud to be part of an industry that generates revenue and supports jobs across the United States. As demand for cannabinoid products continues to rise, Flora remains committed to supporting the industry's expansion and creating high-quality products."
About Flora Growth Corp.
Flora Growth Corp.'s mission is to become the leading NASDAQ small-cap international cannabis company. FLGC is a cannabis-focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world. For more information on Flora, visit www.floragrowth.com.
https://www.phatebo.de/home-en
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Investor Relations:
Investor Relations ir@floragrowth.com
Clifford Starke Clifford.Starke@floragrowth.com
Media:
Cautionary Statement Concerning Forward-Looking Statements
This press release contains "forward-looking statements," as defined by U.S. federal securities laws. Forward-looking statements reflect Flora's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements. Such forward-looking statements are subject to various and risks and uncertainties, including those described under section entitled "Risk Factors" in Flora's Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC") on March 28, 2024, as such factors may be updated from time to time in Flora's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov/edgar. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Flora's filings with the SEC. While forward-looking statements reflect Flora's good faith beliefs, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based on information currently available to Flora (or to third parties making the forward-looking statements).
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FAQ
What is the current value of the hemp industry according to Flora Growth Corp (FLGC)?
How did the 2018 Farm Bill impact Flora Growth Corp (FLGC) and the hemp industry?
What potential changes could Robert Kennedy Jr.'s appointment bring to Flora Growth Corp (FLGC) and the cannabis industry?
