Lawmakers Face Busy Week Dealing with Legal Marijuana & Industrial Hemp Operations as the Sector is Projected to Hit $44Billion by 2020

15 Mar, 2016, 08:30 ET from FN Media Group LLC

CORAL SPRINGS, Florida, March 15, 2016 /PRNewswire/ --

According to an article released on YahooFINANCE, in its annual report on the U.S. cannabis industry, Marijuana Business Daily predicts up to $44 billion in economic impact by 2020. To put that into some corporate context: it's roughly equivalent to the current market cap of Netflix or Caterpillar. Last year's report predicted $14 billion to $17 billion in impact for 2016.  Industry leaders with current developments of importance in the markets are North American Cannabis Holdings, Inc. (OTC: USMJ), Sipp Industries, Inc. (OTC: SIPC), Hemp, Inc. (OTC: HEMP), American Green, Inc. (OTC: ERBB) and The MaryJane Group, Inc. (OTC: MJMJ)

North American Cannabis Holdings, Inc. (OTC: USMJ) today announced the re-launch of Hempster Clothing.  The mission of North American Cannabis Holdings' subsidiary, the American Seed & Oil Company is to create a variety of market competitive, environmental conscious, consumer and commercial products utilizing various forms of cannabis.  A clothing line was conceived as part of American Seed & Oil Company's original business plan.  Hemp requires half the water and half the land required by cotton to produce equal quantities of fiber for clothing production.  While cotton accounts for a major portion of agricultural pesticides, hemp requires no pesticides at all. 

Read the full North American Cannabis Holdings (USMJ) press release at http://www.financialnewsmedia.com/profiles/usmj.html

Last year on April 20th, 2015, the Company introduced four t-shirts bearing various designs specific to the Hempster Clothing line brand.  Response was exceptionally enthusiastic and the initial inventory sold out fast.  The Company ran into issues with ongoing sales when the credit card processing vender refused to process any further orders of a 'cannabis-related-business.'   The resulting cash flow issues caused down-stream production problems and management decided to back-up, survey the situation, make new plans and then move forward.  The Company is now excited to announce Hempster Clothing sales will re-launch on 4-20-2016.  The re-launch comes in conjunction with the first shipment of the Company's EVERx sports and fitness nutritional supplement line.  The Company's new EVERx product line is expected to hit shelves before the end of March. Online sales through a major online retailer portal is anticipated to follow the introduction of brick and mortar retail sales.  The Company is planning for a Hempster and EVERx co-marketing campaign.

In other Hemp/Cannabis developments and happenings:  Sipp Industries, Inc. (OTC: SIPC), a diversified conglomerate corporation specializing in technology, manufacturing and distribution of commercial and consumer products, announces a new agreement with Ute Pass Brewing Company for hemp supply and hemp beer product development. "We have conducted our initial discussion with Ute Pass Brewing Co. and are moving forward with an initial hemp craft beer run," stated Major Hemp President Ted Jorgensen. "We have identified a proprietary ingredient mix of hemp seed, hemp cake and hemp flour that allows any brewer to concoct unique hemp beers custom to their own brewing processes and flavors. Ute Pass is a great fit and will allow Major Hemp to co-produce and market hemp beers. We are excited to begin brewing this week," continued Jorgensen.

Hemp, Inc. (OTC: HEMP) executives are pleased to announce that both Hawaii and Alabama are expected to join the ranks of 28 other pro-hemp states. Hawaii's bill, HB2555, is "the most robust industrial hemp bill" that will allow independent farmers to grow and sell industrial hemp with a permit. The bill, according to the Maui news source, unanimously passed the House and is now in the state Senate.  iThus far, over 4,500 people in Maui, Hawaii have signed a petition supporting industrial hemp in Maui, and according to Rep. Kaniela Ing of South Maui, one of the authors of HB2555, legalizing industrial hemp is a response to the Hawaiian Commercial and Sugar Co.'s planned cessation of sugar on Maui.

American Green, Inc. (OTC: ERBB) recently announced that it has chosen CR Commercial Contractors of Phoenix, Arizona to build our state-of-the-art facility for the cultivation of marijuana for one of American Green's licensed clients.  "When our Director of Design and Cultivation, Alfred Hermiz, joined the American Green team last December, his first major assignment was to develop a plan to build out our 12,000 square feet facility. In January, we began evaluating contractors with experience in marijuana cultivation build-outs as well as in medical facility construction, since this project development involves a series of clean rooms that are individually climate-controlled to help insure the production of excellent cannabis," says Jonathan Miller, American Green CEO. Out of all the companies we interviewed, CR Commercial Contractors impressed us with the quality of their work in previous projects and their relationships with the Department of Health Services who manages the medical marijuana program in Arizona."

The MaryJane Group, Inc. (OTC: MJMJ) announced last week the signing of a Lease and Service Agreement to operate Camp Bud+Breakfast at Aspen Canyon Ranch, a 414 acre all-inclusive getaway in Parshall, Colorado. Located in the Rocky Mountains approximately 1.5 hours from downtown Denver and within 25 minutes of the Company's Bud+Breakfast at Silverthorne location, the ranch is near some of the state's most beloved outdoor destinations, The resort combines recreational marijuana use and education with a traditional ranch experience to create the country's first-ever cannabis resort. Camp Bud+Breakfast at Aspen Canyon Ranch will begin accepting reservations on March 15 for this year's summer season, July 1 - September 30, 2016.

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