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Full Steam Ahead for the Hemp and Marijuana Industry Giants as Colorado and Washington Make History in Being the First Two States to Legalize Recreational Use of Marijuana
By: PR Newswire
Nov. 7, 2012 02:09 PM
LAS VEGAS, Nov. 7, 2012 /PRNewswire/ -- Hemp, Inc. (OTC: HEMP) congratulates Colorado and Washington today in becoming the first two states to legalize the recreational use of marijuana by adults over the age of 21. The unprecedented victory marks the dawn of a new era whereby businessmen and pot barons are likely to cash in on an industry that is officially unstoppable.
The medical marijuana and industrial hemp industry's biggest supporter and pioneer, CEO of Hemp, Inc., Bruce Perlowin, congratulated political advocates and other industry execs for this monumental event. Although several states have already voted to legalize medicinal use of marijuana and also decriminalize the use of marijuana, Colorado and Washington are the first two states to allow any adult, over age 21, to smoke marijuana recreationally. Adult marijuana possession, use and cultivation are legal. Licensed wholesale cultivation and retail sales are legal. Of course, DUI and child access remain illegal. The newly passed law will now allow the purchase of up to one ounce of marijuana from regulated dispensaries in Colorado.
Hemp, Inc. (OTC: HEMP) is poised to be the leader in the industry. As one of the largest publicly-traded companies of hemp stocks in the US, by market capitalization, Hemp, Inc. has been dousing the industrial hemp market with hemp-based products proven to increase the body's overall health and performance. The company boasts HerbaGenix™ nutraceuticals (www.herbagenix.com); BasicHemp (www.basichemp.com), their hemp protein shakes brand; and, custom-branded MJ Lover for Him and MJ Lover for Her (www.mjlover.com) and Re-Load Hemp nutraceuticals (www.re-load.biz) which is derived from a blend of organic nutrients, herbs, and vitamins including hemp extract (0.00% THC) and AFA blue-green algae which is known for its healthful effects.
A few days ago, Perlowin was quoted saying, "I foresee another spike after the elections, because there are too many states voting for legalization. Even if a few states pass, it will clearly show the market that this industry has just made a quantum leap forward... approaching that tipping point where this industry experiences an explosive, exponential growth curve. The millions of shares traded in each company of the Tremendous Trio clearly indicate that the investment community sees this industry is here to stay and that they want in at the beginning of the next growth curve that any victory in any of the states the elections will bring us," says Perlowin.
Hemp, Inc. (OTC: HEMP) is one of the Tremendous Trio, of the hemp and marijuana public companies. Over the past 3 weeks, the top 3 marijuana stock companies (Hemp, Inc. (OTC: HEMP), GrowLife, Inc. (OTC: PHOT) and Medical Marijuana, Inc.) otherwise known as the "Tremendous Trio" have seen significant growth. The Tremendous Trio currently represents what stock market analysts call a classic bull market, whereby stock prices as a whole move upward for a prolonged period of time. The rate at which those gains occur can vary widely from bull market to bull market. The duration of a bull market, the severity of the falling market that follows, and the time that elapses until the next upturn are also different each time. However, according to Perlowin, this could simply be the beginning of a long-term solid upward trend, as the odds are in our favor."
Perlowin is also heavily vested in GrowLife, Inc. (OTC: PHOT) and is collaborating with that company in the marketplace. He plans to build one of their PhotoTron homes and PhotoTron greenhouses on his Kin's Domain project in Dolan Springs, Arizona (www.kinsdomain.us). Perlowin states, "Hemp, Inc., GrowLife, Inc. and Medical Marijuana Inc. are the three fastest growing hemp and medical marijuana stocks in the industry (and I'm heavily vested in all of them) so it's only natural that we all work together in a synergistic economic relationship. Whenever anyone asks me where I should invest in this industry, I always point to those three companies. Spreading your investment portfolio is always a wise decision and it's human nature to do that anyways. I'm in support of the entire industry, not just my own company."
When asked, what is your pick of the week from The Tremendous Trio, Bruce Perlowin of Hemp, Inc. (OTC: HEMP) replied, "To be perfectly candid, I would have to go with GrowLife, Inc. (OTC: PHOT). When I look at the divisions of their company PhotoTron, Stealth Lighting, Greners.com, GrowLife Productions and Cannabis.org, and the acquisition of Urban Garden Supplies. I see a constellation of companies and/or divisions that have incredible potential in our marketplace. Besides, I've been buying heavily myself in that company's stock. I think in terms of doubling your money and I believe PHOT has much greater potential of doubling faster than any of us right now."
"Bruce Perlowin is an interesting character. Very philanthropic. His journey reminds me of the 'Catch Me If You Can' movie," said David Tobias, President of Hemp, Inc. (OTC: HEMP).
Perlowin donates to Dr. Patch Adams' of Gesundheit! Institute who is building a 50 million dollar, free children's hospital in West Virginia. The institute is a not-for-profit health care organization and is a project in holistic medical care based on the belief that one cannot separate the health of the individual from the health of the family, the community, the world, and the health care system itself (see www.PatchAdams.org). Other efforts Perlowin donates prolifically to include the Cash Hyde Foundation Fundraiser with Tommy Chong (www.CashHydeFoundation.com); The CanDo Kids Project (www.CanDoProject.com); C Bar J Horsehaven Rescue, in Dolan Springs, Arizona (www.cbarjrescue.wetpaint.com); Spread Peace USA - Feeding the Homeless (www.facebook.com/spreadpeaceusa); Keepers of the Wild, to build an 1,800 acre animal sanctuary on 4,000 acres in Dolan Springs, Arizona (www.KeepersOfTheWild.com); and, the Seva Foundation to be fully human, we must translate our compassion and concern into useful service (www.seva.org) .
ABOUT Hemp, Inc.
Hemp, Inc. (OTC: HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Hemp, Inc. is not involved in the cultivation or marketing of medical marijuana. It is the company's belief that legalization of hemp in all 50 states and at the federal level will come to pass. With that in mind, the company is building infrastructure with the potential to gain substantial market share before and after industrial hemp prohibition ends. (Pending any federal licensing or other requirements, that may be enacted after hemp prohibition ends).
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, in which most cases will one day be the American farmer, cultivating natural, sustainable products. 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.
CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. In fact, he wanted to, consciously, found a business with non-financial goals that weren't an after-thought, but are part of its DNA.
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.
SOURCE Hemp, Inc.
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