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INDUSTRIAL HEMP

Hemp Inc (OTCMKTS:HEMP) Unable To Reverse Its Decline

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After declining for three successive sessions, the stock of Hemp Inc (OTCMKTS:HEMP) took a pause, and closed absolutely flat at $0.0258. The traded share volume was 31.63 million compared to average share volume of 64.85 million.

The buzz

Everett Jolly, who is the Chief Executive Officer and host of “Stock Day”, highlighted Hemp and inviting another new guest from this buzzing firm, Mr. Mann Mullen, a fifth-gen tobacco turned Hemp grower from North Carolina. When Mullen met Hemp CEO, Mr. Bruce Perlowin, they concluded that small family farms were facing problems surviving and they expected that Hemp plants could turn things for better.

Mr. Mullen stated that Hemp could possibly grow his family farming operations beyond conventional farming where industrial food processing is menacing the farming market. North Carolina has an extensive agricultural economy, several commodities have been cultivated there for several generations and Hemp farming could result in a large economic boost, offering the means for Mullen to work on his farm.

The soil, and the climate, and the growing environment in North Carolina is ideal for Hemp production whether it be for the oil, for the seed, for the fiber or any of the other related byproducts. What Mr. Mullen mentions to is the many applications of Hemp, marijuana cultivated without the psychedelic component, that is THC. Fibers from the crop are strong and can be utilized in the manufacturing market.

Oil from the seeds is utilized in several pain relief products. Firms like Premier Biomedical, Inc. is one instance of a biotech firm that has turned to Cannabidiol oil based products as a way to continue supporting scientific research on cures of grave illnesses. Hemp will have different avenues to profit from the development of industrial Hemp as several businesses continue to seek ways to gain on this new market.

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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