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INDUSTRIAL HEMP

Hemp Inc (OTCMKTS:HEMP) Applauds Approval Of Industrial Hemp Legislation In Different States Across U.S.

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Hemp Inc (OTCMKTS:HEMP) reported that it applauds numerous states across the United States for passing legislation to boost growth of the industrial hemp market. Excitement about California approving recreational marijuana soon has savvy shareholders in a frenzy as the marijuana stocks explodes. A big part of the “pot stocks” have been trending up in volume of shares offered and price a share. In fact, big cap pot stocks have posted gains of around 50% in just two months, with a notable jump in the overall marijuana market segment expected in the coming year.

The details

Hemp stock is no exception in this marijuana stocks buying frenzy. To support it further, the company shareholders will be thrilled to know that the firm just offered the first truckload of its major product, Drillwall. This marijuana and hemp stock investing frenzy trend is being led by California’s recreational marijuana development, particularly since industrial hemp is even being approved in California.

Bruce Perlowin, the CEO of Hemp, expressed that they are extremely excited and delighted that this economic windfall their industry is creating has shareholders so thrilled about the marijuana stocks, reminiscent of what occurred in January, February and March 2014 when Oregon and Colorado decriminalized recreational pot.

It was similar like that of dot com explosion in the equity market. Well, the explosion seems to have commenced earlier this month as savvy shareholders are now cognizant of what occurs after a large state approves recreational marijuana.

With legislation almost approved in Wyoming and Arkansas, plus recent advancements in Pennsylvania, Hawaii and North Carolina’s industrial hemp markets, these are sure indications that hemp is making its fair return to the American setting, one that will help many state’s economies. Like the last quarters, the upcoming year should mark as a significant time for the surging list of marijuana stocks.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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