United Cannabis establishes JV for hemp plant in U.S.

|About: United Cannabis Corp. (CNAB)|By:, SA News Editor

United Cannabis (OTCQB:CNAB) has established a joint venture (JV), Magnolia Botanicals LLC, with South Carolina-based Blue Water Green Bridge, LLC to establish an industrial hemp processing plant in the state.

Initially, Magnolia will provide hemp extraction services for South Carolina farmers, but plans to expand into purification, testing and processing, packaging, fulfillment and secure storage. Eventually, it will cultivate and grow hemp there.

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