Demand Continues to Surge for Cannabis & Industrial Hemp Products While Becoming a Cornerstone for Financial Stability for Growers & Processing Facilities
CORAL SPRINGS, Florida, June 7, 2016 /PRNewswire/ --
As the U.S. and Global demand is surging for cannabis and industrial hemp products and services, it is estimated in 2016 the U.S. could important over $500 Million in hemp foods, seeds and products made from the crops alone. Industrial Hemp by itself has spawned many new start ups as other possible uses for the crop now include fiber, food, paper, textiles and many industrial applications & uses.
In hemp operations of importance in the markets today: Hemp, Inc. (OTC: HEMP) is proud to announce its first Kenaf harvest from its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, in Spring Hope, North Carolina. Executives say the 150 acres of Kenaf were cut, raked, baled and was transported to Hemp, Inc.'s 70,000 square foot industrial hemp processing facility where it was weighed, stored and paid for. "This is a huge milestone for Hemp, Inc. From seed, to harvest, to paying the farmers, our 150-acre Kenaf crop represents great success in the fact that we were able to inject revenue into the local farming community that we have become a part of," says David Schmitt, COO of Hemp, Inc.'s Industrial Hemp Manufacturing.
Read the full Hemp Inc. (HEMP) Press Release at: http://www.financialnewsmedia.com/profiles/hemp.html
Schmitt said the company has planted another 400 acres this year for its second season as they prepare for a massive hemp crop in 2017, in North Carolina. "We planted 400 acres this year which represents about a 70% increase from last year. The harvest came in just as our truck scale was installed. That was perfect timing because we were able to weigh the Kenaf. "
Bruce Perlowin, CEO of Hemp, Inc. commented, "This was such a critical cycle that we completed. Once you plant a crop, successfully harvest it and pay the farmers, you have gotten the farmer's attention. They'll be eager to grow Kenaf and hemp next planting season. In order to grow the amount of hemp we expect to grow in 2017, having the confidence of the farmers is a must. Even though it's Kenaf this year, next year, we expect to grow a lot of hemp."
In other Hemp/Cannabis/Marijuana operations, news and recent developments: Medical Marijuana, Inc. (OTC: MJNA) announced today that the Associated Press and Paraguay's top television news channel Telefuturo covered the historic news of the government of Paraguay granting its first-ever import permit for Real Scientific Hemp Oil™ (RSHO™) as a prescription medication for refractory epilepsy. The Associated Press article titled "Paraguay importara aceite de marihuana de Estados Unidos (Parguay imports hemp oil from the United States)," features comments from a spokesman for the Paraguay Government's National Anti-Drug Secretariat about the country's decision to allow RSHO™ into the country. The Telefuturo broadcast is titled: "Autorizan importación de aceite de cannabis para uso medicina (Hemp oil authorized for import for medical use.)"
Terra Tech Corp. (OTC: TRTC) (OTCQX: TRTC) last month announced that its subsidiary, Edible Garden, a retail seller of locally grown hydroponic produce, herbs, and floral products, has shipped its first order of nutritionally-enhanced lettuce to ShopRite Supermarkets. The lettuce was developed in partnership with Nutrasorb LLC under the name SUPERLEAF™, in conjunction with Rutgers University, and is the latest addition to Edible Garden's product line of non-GMO fruits and vegetables. TRTC is up slightly today in trading at $0.303 as of 10:00am EST.
Rocky Mountain High Brands, Inc. (OTC: RMHB), a consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products., announced yesterday that a new audio interview with the Company, is now available. The interview can be heard at http://smallcapvoice.com/blog/6-2-16-smallcapvoice-interview-with-rocky-mountain-high-brands-rmhb.
22nd Century Group, Inc. (NYSE: XXII), a plant biotechnology company that is a leader in tobacco harm reduction, announced last month that Paul J. Rushton, Ph.D., the Company's Vice President of Plant Biotechnology, gave a seminar to discuss 22nd Century's novel Very Low Nicotine smoking cessation aid at Hofstra Northwell School of Medicine on the campus of Hofstra University in Hempstead, New York. During the presentation, Dr. Rushton announced a new initiative to engage medical departments, medical professionals, and professors at prominent U.S. medical schools as part of a new effort by 22nd Century to inform health care professionals about the Company's Very Low Nicotine products and their potential to revolutionize the options available for doctors to treat smoking addiction.
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