April 5, 2013
, CEO of Hemp, Inc. (OTC: HEMP) and industrial hemp veteran presents The Fabulous Four Report of the industrial hemp and medical marijuana industry. With insightful news for material events in the industry, "Bruce's Corner" is on the pulse with
Preparing for the Widespread End of the Marijuana Prohibition. Inside the Budding Industrial Hemp and Medical Marijuana Industry with the Fabulous Four.
It's approaching "that" day in history where an entire sector is exploding. More states are in favor of industrial hemp and medical marijuana and thus the industry is on the verge of the biggest boom since alcohol prohibition ended back on
April 7, 1933
. First, let's take look at how history is starting to repeat itself.
From the very inception of alcohol prohibition, the law lacked legitimacy in the eyes of the public who had previously been drinkers and yet completely law-abiding citizens. The public in some instances viewed alcohol prohibition as being "arbitrary and unnecessary" and therefore were willing to breach them. Prohibition was a major blow for the alcohol industry and repeal was therefore a step toward the amelioration of one sector of the economy.
April 7, 1933
, alcohol prohibition ended. The very next day, Anheuser-Busch, Inc. sent a team of Clydesdale horses to deliver a case of Budweiser to the White House. It was a prosperous time for those breweries that had positioned themselves in the right place and were adequately prepared for an industry that exploded. Major breweries such as Pabst and Anheuser-Busch had hundreds of thousands of barrels of beer ready to fill the market. Untold billions were invested and now it's time for the industrial hemp and medical marijuana industry to experience that same boom with industry companies positioning themselves in the right place with the right product.
One person, in particular, has lived and breathed this budding industry for more than 40 years and has well-positioned his company as a leader in the industry.
, CEO of Hemp, Inc. (OTC: HEMP) stands as the most knowledgeable person in the industry. (See the
.) Perlowin, unlike most, was in the middle of every development since the beginning of this industry, going back to when he was 16 years old. (See
Bruce Perlowin's Biography
). From day one, Perlowin knew this industry would emerge as a multi-billion dollar industry, as he started the first publicly traded company in the industry. And now years later, the investment community is discovering what he knew and predicted.
"Unlike any other industry, in the history of the world, this one has a definite driving force... the old economic paradigm. Our industry was birthed in the legal sector under the Compassionate Use Act of 1996. Of course, there are people in it for the money only but for any industry to be successful, that element has to be there too. However, as this industry matures and consolidates, people start to realize that operating solely on these profit principles makes it difficult, or incompatible with the industry's trends and evolutionary developments," says Perlowin.