Hemp and Marijuana Industry Flourish After America's Multi-decade Experiment with Cannabis Criminalization Ends The ballots were a hot commodity this past election as voters in some states prepared to either end or continue America's multi-decade experiment with cannabis criminalization. Hemp, Inc. (OTC: HEMP) was front and center after 3 states passed their marijuana initiatives.
LAS VEGAS, Nov. 27, 2012 /PRNewswire/ -- November quickly approached while the, then, presidential candidates remained predictably silent regarding marijuana law reform. Prior to the election, CBS News had reported, "So far, most politicians seem wary of the topic, and are being more conservative in their public statements than polls would suggest." By contrast, everyone else couldn't stop talking about pot and hemp politics and were ready to end the marijuana prohibition.
Voters' impending rejection of the drug war status quo is no surprise to anyone not living under a rock. America's drug war is the longest running war in U.S. history, with marijuana indisputably being the kingpin of the war. In 2009, more than half of the 1,663,582 arrests for drug violations were for marijuana, according to Huffington Post. Americans were simply ready to end it.
"This time around, trying to stop the full federal legalization of medical marijuana and recreational marijuana would have been like trying to sweep back the incoming tide with a broom," says Perlowin.
Savvy investors know the timing couldn't be better, as many have started investing in solid, lucrative companies such as Hemp, Inc. (OTC: HEMP) and other companies like GrowLife, GreenGro Technologies, and Medical Marijuana, Inc. Just two years ago, Prop 19 in California sought to legalize recreational use of marijuana. That caused a rush for marijuana company stock from October 11 to 19, 2010. The strongest company, Hemp, Inc. (OTC: HEMP), bounced from less than one cent to 4.8 cents in that week, a spike of 473% (from .0085 to 0.487) due to the massive publicity surrounding the marijuana issue. With the legalization of marijuana in two states, stocks have increased in volume dramatically.
Over the past month alone (Oct. 15 - Nov. 16, 2012) The Fabulous Four have seen a marked increased in their stock. Hemp, Inc. increased 138.5%; Greengro Technologies increased 176.9%; Medical Marijuana, Inc. increased 58.4%; and, GrowLife increased a whopping 233.3%. This new emerging industry continues to sprint ahead of 'old industry heavyweights' otherwise known as S&P, Dow and Nasdaq.
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 which may cause the actual results, performance or achievements of Hemp, Inc. to be materially different from the statements made herein.
SOURCE Hemp, Inc.