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

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. is leading provider of third party publishing & news dissemination services.  If you would like more information regarding our news coverage solutions, please visit for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at  Follow us on Facebook: and Twitter: 

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated two thousand two hundred dollars for news coverage of the current press release issued by North American Cannabis Holdings, Inc. by a non-affiliated third party.  FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:

Company: FN Media Group, LLC
Contact email:
U.S. Phone: +1-(954)345-0611