LOS ANGELES, December 20, 2018 – Following is a statement from Steven Saxton, founder and CEO of Green Gorilla™, a leading manufacturer and brand of cannabidiol (CBD) products, regarding the signing of the Farm Bill into law:
“The signing of the Farm Bill into law represents an enormous step forward for the hemp industry. The 2018 Farm Bill will allow hemp cultivation broadly and puts no restrictions on the sale, transport or possession of hemp-derived products so long as those items are produced and marketed in a manner consistent with the law.
“As such, the legalization of hemp-derived CBD will not only make it easier for consumers to purchase CBD products, but also enable the scientific community to further research CBD and provide consumers with more information on its benefits and use.
“The immediate impact of the Farm Bill will likely be greater confidence among large retailers to carry CBD products. We are anticipating our distribution channels will see significant growth during the coming months leading to exponentially higher sales the first half of 2019. The signing of the bill is also expected to result in a greater influx of capital, with investors becoming more comfortable aligning themselves with the industry.
“We are hoping to finally see proper regulation of the industry which will establish better standards and practices. Right now, it is like the Wild West; CBD companies are putting out products with incorrect and misleading information on their labels and consumers don’t know which brands to trust. The Journal of the American Medical Association conducted a study that found approximately 70 percent of CBD products had different levels of CBD than what appeared on the label.
“Green Gorilla has always been committed to providing consumers the highest quality products possible. While the industry currently has no standards to follow, we have led the way to set the bar ourselves and establish standards we believe far exceed others in the industry. From the high quality of our ingredients and our Good Manufacturing Practices to our USDA Organic certification, third party lab testing and the transparency with which we label our products, we have always strived to meet the highest of standards and deliver the best hemp-derived CBD products possible. Given the passage of the 2018 Farm Bill, Green Gorilla is well positioned to be the hemp CBD global industry leader.”
Green Gorilla™ is an international brand in the hemp and cannabis industries and a leading manufacturer of hemp cannabidiol (CBD) organic supplements, topical, pet and horse care products. The company markets its supplements and topical products under the brand Hemp & Olive™ and its organic biodynamic agricultural products for the cannabis industry under the Master Grower™ brand. Green Gorilla™ was established in 2013 by founder Steven Saxton. Green Gorilla™ products are sold at 1,000+ retailers in the U.S. and online. More information is available at ILoveGreenGorilla.com, Twitter: @GreenGorillaInc, Instagram: @GreenGorilla, Facebook: /ILoveGreenGorilla, GreenGorilla.com.br (Brazil), GreenGorilla.ca (Canada) and Mastergrower.pro. Third-party lab tests of Green Gorilla™ CBD products are available at ILoveGreenGorilla.com/science. The company headquarters are in Los Angeles, California.
FORWARD-LOOKING STATEMENTS: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned that all forward-looking statements contained herein are reasonable, any assumption could be inaccurate and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
Categories: Green Gorilla