Hemp Stock Price, News & Analysis

Hemp, Inc. (OTC PINK: HEMP) anticipates a successful 2021 hemp cultivation season across North Carolina, Wyoming, Arizona, and Oregon. The company has appointed Dr. Robert Ian Bruck, a leading scientist, to oversee its North Carolina operations, focusing on high-CBG hemp strains. They plan to plant 5,000 seedlings on 2.5 acres, with harvest expected by August. In Wyoming, a partnership will grow industrial hemp on 22.22 acres, while Arizona will cultivate hemp on 11 acres. Oregon will utilize sought-after CBG cultivars, enhancing their product offerings.

Hemp, Inc. (OTC PINK: HEMP) is featured as a leading vendor in a recent market report by Research and Markets, which highlights the global industrial hemp market valued at USD 4.66 billion in 2020. The market is projected to soar to USD 18.81 billion by 2025, reflecting a CAGR of 32.1%. The report examines growth opportunities, competitive assessments, and the impact of COVID-19 on demand. Hemp, Inc. is recognized for its significant processing facility in North Carolina and plans to broaden its product reach, including retail availability of its King of Hemp® line.

Hemp, Inc. (OTC PINK: HEMP) is advocating for the expansion of industrial hemp cultivation in the U.S. following Western Sierra Resource Corp.'s intent to acquire a 44-acre property in Colorado's Hemp Agro-Industrial Zone. This site aims to showcase hemp-based building materials and green technologies. Starting this year, 30 acres will be tested with various hemp strains focusing on sustainable construction and nano-fertilizers. Hemp, Inc. also enhances its product offerings with new items in the King of Hemp® line and aims to boost sales through retail and online distribution.

Hemp, Inc. (OTC PINK: HEMP) has announced the Mississippi Industrial Hemp Association's pilot program to support local farmers in legally growing hemp. The initiative provides farmers with resources, seeds, and equipment to enhance hemp production. Hemp, Inc. aims to expand its operations in Mississippi, leveraging the growing industrial hemp market, projected to increase from $5.33 billion in 2020 to $15.26 billion by 2027. The company plans to launch its King of Hemp® product line in retail stores across the U.S. later this year.

Hemp, Inc. (OTC PINK: HEMP) recently celebrated the one-year anniversary of Florida's state hemp program and announced its plans for expansion in the state. With Florida's hemp market poised to reach $30 billion, the company is scouting locations for Kins Communities to establish growing and processing facilities. Hemp in Florida has already generated an estimated $370 million economic impact, supported over 9,000 jobs, and produced more than $17 million in tax revenue. The company also plans to launch its King of Hemp® line at retail stores across the U.S. later this year.

Hemp, Inc. (OTC PINK: HEMP) promotes industrial hemp fiber's advantages over wood, as highlighted in a recent article by Robert Ziner. The piece cites hemp's superior strength, versatility, and environmental benefits, including its ability to absorb 8.88 tons of CO2 per acre annually, compared to 2.5 tons for forests.

Hemp’s bast fiber is noted to be ten times stronger than Douglas fir. Additionally, hemp yields 400% more usable fiber than an acre of trees. Hemp, Inc. boasts over a decade in the hemp industry and operates the largest multipurpose hemp processing facility in North America.

Hemp, Inc (OTC PINK: HEMP) is advocating for the legalization of cannabis, noting significant public and governmental support. Research by economists suggests that legalizing cannabis could improve public health by reducing tobacco use, alcohol consumption, and violent crime rates. The firm promotes cannabis education and plans to expand its King of Hemp product line, offering items such as CBD pre-rolls and tinctures, compliant with regulations. Their initiatives aim to underscore the health benefits of cannabis, responding to a growing movement towards decriminalization.

Hemp, Inc. (OTC PINK: HEMP) announces the legalization of recreational marijuana in New York State, making it the 15th state to do so. This legislation is expected to create 30,000 to 60,000 jobs and generate $350 million in annual tax revenue, providing opportunities for hemp producers. The new Office of Cannabis Management will oversee the regulatory framework for both recreational and medical cannabis. Hemp, Inc. plans to expand its product line and marketing efforts, further establishing its presence in the growing hemp marketplace.

Hemp, Inc. (OTC PINK: HEMP) highlighted significant findings from the "Global Hemp Oil Market" report by in4Research. The report outlines the growth potential of the hemp market, projected to reach $30 billion by 2025. Hemp, Inc. plans to establish numerous hemp processing facilities in Florida, aiding local farmers and bolstering production. The company emphasizes its extensive industry network and consulting services as strategic advantages. Additionally, Hemp, Inc. is expanding its product line, including CBD items and marketing campaigns to enhance visibility and sales.