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.