Hemp, Inc. Reports: Cannabis Stocks Soar as Senate Pushes for Cannabis Reform

Rhea-AI Summary

Hemp, Inc. (OTC PINK: HEMP) recently reported significant gains in marijuana stocks, predicting continued growth amid an evolving legal landscape. Democratic senators are prioritizing drug law reform, which could decriminalize cannabis and enhance operational efficiency for companies like Hemp, Inc. The company has expanded its King of Hemp product line, including innovative CBD offerings, while highlighting potential market expansion driven by regulatory changes. With products compliant with the 2018 Farm Bill, Hemp, Inc. aims to capitalize on the growing cannabis market.

Positive

• Recent gains in marijuana stocks suggest a bullish trend for the industry.
• Potential for significant market expansion if cannabis is decriminalized.
• Hemp, Inc. has expanded its product line with innovative CBD products.

Negative

• None.

LAS VEGAS, NV, Feb. 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hemp, Inc. (OTC PINK: HEMP) a global leader in the industrial hemp industry with bi-coastal processing centers, announced today that marijuana stocks have recently posted amazing gains. While the market has been relatively quiet, marijuana stocks have spiked and Hemp, Inc. executives believe this trend will continue. Democratic senators Chuck Schumer (NY), Cory Booker (NJ), and Ron Wyden (OR) issued a joint statement that they will make drug law reform a priority in order to “ensure restorative justice, protect public health and implement responsible taxes and regulations.” This could be game changing for the hemp and cannabis industries if marijuana is removed from Schedule 1 of the federal Controlled Substances Act.

Hemp, Inc. executives say companies in the sector could see huge gains from finally decriminalizing cannabis.  The Company just added its Billy Hayes brand to the King of Hemp® product line which already consists of Bubba Kush hemp;  CBD Pre-rolls, Fortified CBD Pre-rolls, CBD and CBG Caviar/Moon Rocks; and Diamonds (which are 96%-98.7% CBD, the only product like this in the marketplace today).

According to The Motley Fool, “The priority for most pot stocks would be to decriminalize marijuana at the federal level. Even though some companies have been able to operate under accommodative state laws, the fact that federal restrictions remain makes it far harder to run cannabis businesses efficiently. Simple things like business banking are difficult or even impossible under current federal legal restrictions. Even if Congress did nothing more than just get out of the way and let states decide for themselves without federal intervention, it could open the playing field to both global cannabis companies and local players.”

The Company’s website for its King of Hemp® line (www.kingofhempusa.com) also has CBD oil tinctures available for purchase. The tinctures are available in two flavors, Natural and Peppermint, and contain full-spectrum hemp oil extracted from the flowers and leaves of hemp plants sustainably sourced from Colorado. They are also compliant with the regulations created by the Colorado Department of Agriculture in regards to industrial hemp. The tinctures contain 0.3% or less THC and are compliant with the 2018 Farm Bill.

To learn more, go to the King of Hemp® website, here.

Those interested in King of Hemp® pre-rolls; hemp-derived CBD tinctures; Caviar; Diamonds; should visit www.kingofhempusa.com or email sales@kingofhempusa.com.

WHAT IS HEMP, INC.?

What is Hemp, Inc.? With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small hemp farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. The Company is on a mission to be a powerful engine for social change and economic revival, worldwide, by providing hemp products that are eco-friendly, sustainable and healthy. Hemp, Inc. executives believe there can be tangible benefits reaped from adhering to a corporate social responsibility plan.

Contact:
Hemp, Inc.    
855-436-7688
ir@hempinc.com

FAQ

What recent gains have been reported for HEMP stock?

Hemp, Inc. noted that marijuana stocks have seen substantial gains recently, indicating a positive market trend.

How could drug law reform impact Hemp, Inc.?

If cannabis is decriminalized, Hemp, Inc. could experience increased operational efficiency and market growth.

What products does Hemp, Inc. offer under the King of Hemp brand?

Hemp, Inc. offers various products including CBD pre-rolls, Caviar, Diamonds, and full-spectrum CBD oil tinctures.

What compliance measures are in place for Hemp, Inc.'s products?

All products comply with the 2018 Farm Bill and state regulations, featuring less than 0.3% THC.