Through an agreement with Rocky Mountain Hemp Inc., a relatively known micro-cap cannabis company will produce the first U.S.-grown hemp used in a commercial product in over 60 years. The low-THC and CBD-rich hemp will be used to support near-term commercial endeavors.
Cannabis Therapy Corp. CTCO, -5.56% developer of phytocannabinoid-based medicinal products for humans and animals, recently announced that it passed pre-harvest inspection by the Colorado Department of Agriculture and subsequently harvested its first ever hemp crop. With less than 0.3% THC content, the hemp will be legally integrated into product development and commercial applications.
http://www.marketwatch.com/story/cannabis-therapys-hemp-harvest-paves-way-to-commercialization-2014-09-30
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