News Feed Item

Full Steam Ahead for the Hemp and Marijuana Industry Giants as Colorado and Washington Make History in Being the First Two States to Legalize Recreational Use of Marijuana

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.

(Logo: http://photos.prnewswire.com/prnh/20121107/LA08133LOGO)

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.

Hemp, Inc. (OTC: HEMP) is one of the Tremendous Trio, of the hemp and marijuana public companies. Over the past 3 weeks, the top 3 marijuana stock companies (Hemp, Inc. (OTC: HEMP), GrowLife, Inc. (OTC: PHOT) and Medical Marijuana, Inc.) otherwise known as the "Tremendous Trio" have seen significant growth.  The Tremendous Trio currently represents what stock market analysts call a classic bull market, whereby stock prices as a whole move upward for a prolonged period of time.  The rate at which those gains occur can vary widely from bull market to bull market. The duration of a bull market, the severity of the falling market that follows, and the time that elapses until the next upturn are also different each time. However, according to Perlowin, this could simply be the beginning of a long-term solid upward trend, as the odds are in our favor."

Perlowin is also heavily vested in GrowLife, Inc. (OTC: PHOT) and is collaborating with that company in the marketplace. He plans to build one of their PhotoTron homes and PhotoTron greenhouses on his Kin's Domain project in Dolan Springs, Arizona (www.kinsdomain.us). Perlowin states, "Hemp, Inc., GrowLife, Inc. and Medical Marijuana Inc. are the three fastest growing hemp and medical marijuana stocks in the industry (and I'm heavily vested in all of them) so it's only natural that we all work together in a synergistic economic relationship. Whenever anyone asks me where I should invest in this industry, I always point to those three companies. Spreading your investment portfolio is always a wise decision and it's human nature to do that anyways. I'm in support of the entire industry, not just my own company."

When asked, what is your pick of the week from The Tremendous Trio, Bruce Perlowin of Hemp, Inc. (OTC: HEMP) replied, "To be perfectly candid, I would have to go with GrowLife, Inc. (OTC: PHOT). When I look at the divisions of their company PhotoTron, Stealth Lighting, Greners.com, GrowLife Productions and Cannabis.org, and the acquisition of Urban Garden Supplies. I see a constellation of companies and/or divisions that have incredible potential in our marketplace. Besides, I've been buying heavily myself in that company's stock. I think in terms of doubling your money and I believe PHOT has much greater potential of doubling faster than any of us right now."

"Bruce Perlowin is an interesting character. Very philanthropic. His journey reminds me of the 'Catch Me If You Can' movie," said David Tobias, President of Hemp, Inc. (OTC: HEMP).

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 www.PatchAdams.org). Other efforts Perlowin donates prolifically to include the Cash Hyde Foundation Fundraiser with Tommy Chong (www.CashHydeFoundation.com); The CanDo Kids Project (www.CanDoProject.com); C Bar J Horsehaven Rescue, in Dolan Springs, Arizona (www.cbarjrescue.wetpaint.com); Spread Peace USA - Feeding the Homeless (www.facebook.com/spreadpeaceusa); Keepers of the Wild, to build an 1,800 acre animal sanctuary on 4,000 acres in Dolan Springs, Arizona (www.KeepersOfTheWild.com); and, the Seva Foundation to be fully human, we must translate our compassion and concern into useful service (www.seva.org) .

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. 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).


Hemp, Inc. (OTC: HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in "upstreaming" of a portion of profit from the marketing of their finished hemp goods back to its originator, in which most cases will one day be the American farmer, cultivating natural, sustainable products. By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits— our triple bottom line approach can be an important tool to support sustainability goals.

CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. In fact, he wanted to, consciously, found a business with non-financial goals that weren't an after-thought, but are part of its DNA. 


phone: 1-877-221-8351  
email: [email protected]
http://www.herbagenix.com (hemp based supplements division)
http://www.basichemp.com (hemp protein with enhanced nutritionals)
http://www.mjlover.com (mj lover for him; mj lover for her)
http://www.re-load.biz (hemp-based nutraceuticals)
http://www.ecoharmonycards.com (loyalty card sustainable fundraiser for non-profits)
http://www.supportpatchadams.com (hemp gemstone candles and fundraiser for patch adams)
http://www.hempinc.tv (media and entertainment division)


http://www.twitter.com @marijuanainc (twitter)
http://www.facebook.com/bruceperlowin (ceo fan page)
http://www.twitter.com @bruceperlowin (ceo tweets)


This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Hemp, Inc. to be materially different from the statements made herein.

SOURCE Hemp, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will w...
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...