QualityStocks would like to highlight
Hemp, Inc. (
OTC: HEMP), engaged in the research and development of products that harness the immense benefits of industrial hemp. From cosmetics, jewelry and food to fabric, paper and pulp, the potential applications of hemp represent a myriad of marketable, environmentally-friendly possibilities. The company’s strategy involves recognizing the profits inherent in making the world a better place through the industrial commercialization of this underutilized natural resource.
In the company’s news:
In 1920, the United States enacted a constitutional ban on the sale, production, importation and transportation of alcoholic beverages that remained in effect for more than a decade. On December 5, 1933, ratification of the twenty-first amendment repealed this ban, effectively legalizing what had been a ‘black market’ and giving the legal alcohol industry, as well as major players in the industry such as Anheuser-Busch (NYSE: BUD) and Molson Coors (NYSE: TAP), a serious opportunity to record growth in a thirsty market.
The legalization of a ‘black market’ creates a significant opening for companies with established resources and infrastructure to promote rapid growth, as demonstrated by the results of prohibition. Despite being limited by the economic conditions of the Great Depression, Budweiser sales continued to climb following the twenty-first amendment. By the end of World War II, Anheuser-Busch entered into an era of sustained growth. With the national movement to legalize industrial hemp production rapidly gaining steam in recent months, Hemp, Inc. is in a strong position to promote similar results, capitalizing on the foresight of its management team and its 70,000-square-foot decortication plant.
“It’s not that often that a ‘black market’ industry becomes legalized. That happens, maybe, once every century,” Bruce Perlowin, chief executive officer of Hemp, Inc., stated in a news release. “We aim to spark a new clean green American agricultural and industrial hemp revolution for the American farmers and hemp product manufacturers.”
The movement to legalize industrial hemp has made considerable progress in recent months, beginning with the Agricultural Act of 2014. This revolutionary law removed the federal restriction aimed at growing industrial hemp and set the stage for individual states to legalize manufacturing operations for further research. To date, a total of 13 states – including California, Colorado, Hawaii, Indiana, Kentucky, Maine, Montana, Nebraska, North Carolina, North Dakota, Oregon, Utah, Vermont and West Virginia – allow industrial hemp farming for research and/or commercial purposes.
This progress is great news for Hemp, Inc. The company’s multipurpose hemp processing plant – the first and only commercial factory to be built in the U.S. in nearly a century – is expected to give it a distinct strategic advantage in capitalizing on renewed commercial demand for industrial hemp in the future.
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Forward-Looking Statement:
This release may contain 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
