Algae International Group, Inc. (OTC: ALGA), through its operating subsidiary American Seed & Oil Company, Inc. today announced that late last night Governor Cuomo signed the bill allowing the cultivation of industrial hemp in New York.
"We are thrilled that American Seed & Oil's investment in New York has paid off as a result of the passage of the industrial hemp bill in New York," said Steven Rash, CEO of American Seed & Oil. "We are optimistic that this progress in New York
will bode well for American Seed & Oil's national marketing
strategy to introduce Medical Marijuana type strains of CBD oil from
hemp into all fifty states."
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