LAS VEGAS, Jan. 16, 2014 (GLOBE NEWSWIRE) -- Opportunities abound for the industrial hemp and medical marijuana industry as state after state favors the legalization of industrial hemp. Hemp, Inc. (OTC:HEMP), the first publicly-trading company in the industrial hemp sector, not only increased its market capitalization in the first two weeks of 2014, but is also experiencing another growth curve. The industry, as a whole, is undoubtedly abuzz as the New Jersey Senate recently approved legislation to establish industrial hemp cultivation licenses. The unanimous vote, to date, is awaiting final approval from NJ Governor, Chris Christie.
Serving as a guide in the industry, Hemp, Inc.'s consulting division, The Industrial Hemp and Medical Marijuana Consulting Company, Inc., encompasses over 80 years of expertise in the industry. As one of the founding consultants of The Industrial Hemp and Medical Marijuana Consulting Company, Inc., Perlowin stated, "I know where all the gold is hidden in this industry, every nuance of business niche, what will work and won't work, what has been tried before and what new ideas and concepts for the industry will fly or fail. Our consulting division is extremely diverse and broad."
Americans are waking up to the fact that the hemp plant, which has been wrongly maligned for decades, is actually great for the environment, as well as the body's overall health and well-being. However currently, the United States is one of the only remaining developed and industrialized nations whereby the cultivation of industrial hemp is illegal, but yet it imports hemp... primarily from China. Now reverse the politics and consider the possible economic stimulus of cultivating industrial hemp on U.S. soil. That increases the livelihoods of American farmers and manufacturers, for example.
Every State that favors the legalization of industrial hemp creates a flood of opportunities for its residents and businesses. New Jersey is another small step, in the right direction. "These are monumental steps for our industry. People need to understand that this will finally unlock a clean American Industrial Revolution that will not only be economically sound, but environmentally advantageous," commented Bruce Perlowin, CEO of Hemp, Inc.
Hemp can be used in paper, food, and construction materials, to name a few. It can produce items such as rope, twine, shoelaces, rigging for ships, and biodiesel... just to name a few of the 25,000+ products that can be made from industrial hemp. One acre of hemp can produce as much paper as 4 to 10 acres of trees over a 20-year cycle, but hemp stalks only take four months to mature, whereas trees take 20 to 80 years. Hemp can also thrive with minimal herbicides, fungicides and pesticides, and it requires much less water than other crops. States are slowly catching on to these benefits.
New Jersey's Senate Bill 3110 is another indicator that the industrial hemp and medical marijuana industry is becoming cemented in the American culture. "Trying to block this evolutionary progress, is like trying to sweep back an incoming tide with a whisk broom," continued Perlowin. Month after month, the industrial hemp, medical marijuana and/or recreational marijuana are gradually winning and "we are witnessing the merging of a huge multi-billion dollar industry," says Perlowin. Shortly after recreational marijuana stores opened in Colorado, Alaska activists "submitted what appear to be enough signatures to put marijuana legalization before voters," according to U.S. News and World Report.
Also, California's Recreational Marijuana Initiative #13-0023, known as the California Cannabis Hemp Initiative was just cleared by the state attorney general to circulate petitions. If enough signatures are obtained before February 24, 2014, the initiative will make it to the November, 2014 general election ballot and if approved, will decriminalize hemp and marijuana cultivation among other things.
Perlowin, a man who knows every nuance of the industry, believes it's only a matter of time before hemp becomes a mainstay of the U.S. economy.
Hemp, Inc.'s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC:HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in "upstreaming" of a portion of profit from the marketing of their finished hemp goods back to its originator. By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits— our triple bottom line approach can be an important tool to support sustainability goals.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Hemp, Inc. to be materially different from the statements made herein.
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