Charlotte’s Web (CWEB) More than Doubles Hemp Growth for 2019 | Grizzle

Hemp-derived CBD continues to dominate the U.S. market since industrial hemp operations became legal thanks to the Agricultural Improvement Act of 2018 (known informally as the Farm Bill). 

As CBD products find spots on shelves in pharmacy chains, grocery stores, convenience locations, and vape shops, companies such as Charlotte’s Web Holdings, Inc. (TSX: CWEB; OTCQX: CWBHF) are ramping up grow operations. 

This morning, Charlotte’s Web reported final 2019 grow numbers, citing an 187% increase in acres planted over the previous year. For 2019, the company planted 862 acres of hemp that contain less than 0.3% THC in accordance with the regulations set down by the Agricultural Improvement Act. 

Those new crops are located in outdoor grow spaces spaced out between Oregon, Colorado, and Kentucky. While the Colorado farms are owned directly by the company, hemp in the other

... read more at:

Leave a Reply