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Feb. 15, 2013 /PRNewswire/ -- Another victory for the industrial hemp industry as
Kentucky's state senate passed Senate Bill 50 on Monday to allow industrial hemp into
Kentucky's economy, paving the way for the creation of a legal hemp industry in the state. However, on the federal level, hemp is still currently banned under DEA regulations, so the
Kentucky Senate bill is contingent on the federal government removing the hemp crop from a list of illegal drugs. (Hemp is currently listed alongside its more potent cousin, marijuana, as a Schedule I controlled substance.) Everyone is still optimistic though.
The 31-to-6 vote was followed by a testimony from Sen.
Rand Paul (R-Ky.), who claimed to be wearing a hemp shirt, grudgingly bought in
Canada and not in the U.S. Hemp, Inc. (OTC: HEMP), one of Fabulous Four industrial hemp and medical marijuana public companies, is ecstatic there's another victory for the industry, as it has been well-positioned in the industry for the last couple of years and continues to be full steam ahead as its CEO,
Bruce Perlowin, continues to amass market share with the company's industrial hemp products, of which one being their clothing division. 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. (OTC: HEMP) 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 (
http://www.herbagenix.com); BasicHemp (
http://www.basichemp.com), their hemp protein shakes brand; and, custom-branded MJ Lover for Him and MJ Lover for Her (
http://www.mjlover.com) and Re-Load Hemp nutraceuticals (
http://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. The website
http://www.hemp.com has positioned itself to be the 'Amazon' of hemp products and is now inviting hemp manufacturers to utilize the Hemp.com platform as their channel of distribution for products. Hemp, Inc.'s book division will also be producing e-books for Kindle and other electronic formats, making it, possibly, the next 'Amazon'.
More hemp wellness and other products include hemp gemstone candles (
www.supportpatchadams.com) made on the
Kins Domain; the Eco-Harmony/Help Loyalty Card (
www.ecoharmonycards.com) which rivals some of the top rewards cards today; Hemp, Inc.'s flagship website and aged URL (
www.hemp.com) which is the portal for all industrial hemp products and what is quickly becoming the "Amazon" of the industrial hemp industry; hemp and natural fibre clothing (
www.cartelblue.com) coming Spring 2013; education and media (
www.marijuanaincorporated.com); and Hemp, Inc.'s Hemp Ambassador program, which Perlowin discussed during TheStockRadio.com's
radio interview. Moreover, since
http://www.Hemp.com is at the top of the search engines, it's appealing to all hemp manufacturing companies.
Paul Zane Pilzer, world renowned economist and trend predictor, said, the next trillion dollar industry is represented by two emerging industries:
network marketing, both of which Perlowin has successfully positioned his company in. According to Pilzer, "the early pioneers of both wellness and network marketing were motivated by the sense that it was possible to create a better life than the conventional routes offered—better personal health and better economic health, respectively. Now the "alternatives" of yesterday have become the economic powerhouses of today and tomorrow."
Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP), apparently has it all covered. "We are in the midst of another industry spike. Within the past 3 weeks alone, there has been close to 4 billion shares traded amongst the industrial hemp and medical marijuana industry, roughly translating into almost
$200 million dollars. This clearly indicates to the investment community that 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 will bring us."
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
http://www.PatchAdams.org). Other efforts Perlowin donates prolifically to include the Cash Hyde Foundation Fundraiser with
Tommy Chong (
http://www.CashHydeFoundation.com); The CanDo Kids Project (
http://www.CanDoProject.com); C Bar J Horsehaven Rescue, in
Dolan Springs, Arizona (
http://www.cbarjrescue.wetpaint.com); Spread Peace
USA - Feeding the Homeless (
http://www.facebook.com/spreadpeaceusa); Keepers of the Wild, to build an 1,800 acre animal sanctuary on 4,000 acres in
Dolan Springs, Arizona (
http://www.KeepersOfTheWild.org); and, the Seva Foundation to be fully human, we must translate our compassion and concern into useful service (
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. (OTC: HEMP) 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).