Comprehensive Update For Marijuana, Inc./Hemp, Inc.

LAS VEGAS, Aug. 14, 2012 /PRNewswire/ -- MARIJUANA, INC./HEMP, INC. (OTC: HEMP) (www.hemp.com) will be sending its CEO Bruce Perlowin, President David Tobias and other company staff to Seattle to film and cover the events at the Seattle Hemp Fest on August 17, 18 and 19, 2012. The Seattle Hemp Fest strives to educate consumers about the environmental advantages and nutritional benefits of hemp products and is open to the public on Friday from Noon to 8 PM and on Saturday and Sunday from 10 AM to 8 PM.

Both the CEO and the President of Marijuana, Inc./Hemp, Inc. will be guests on the Public Access TV Show "All Day Live" being filmed on the North Seattle Community College Campus on Thursday August 16th the day before the Festival to talk about the launching of several divisions products and services into the market place as the company completes its name change to Hemp, Inc.

The estimated annual retail sales of Hemp products in the United States are $419 million. Hemp products are sold in most major food stores and industrial Hemp is also used in textiles, skin care, building materials, and in biocomposites for auto parts such as in dashboards, seating, and doors. China is the largest producer followed by France and our closest hemp growing neighbor is Canada. All money paid related to growing, harvesting, processing, packaging, and much of the shipping costs are paid to foreign countries because our farmers are not allowed to grow this safe, healthy, sustainable crop. Every year demand grows and while our retailers can participate, our farmers are banned.

This could be changed in the upcoming elections where legalization of industrial hemp is on the ballot in several states and for the first time a bill has been introduced in the Senate (SB-3501) calling for the legalization of Industrial Hemp in the Unites States. It is the Senate version of the House Bill (HR-1831) introduced by Rand Paul and was sponsored by Oregon Senator Ron Wyden and cosponsored by Senators, Jeff Merkley also of Oregon, Rand Paul of Kentucky, and Bernard Sanders of Vermont. CEO Bruce Perlowin stated, "In expectation of the legalization of industrial hemp we have been quietly developing a dozen divisions of our company that would put Hemp, Inc. (OTC: HEMP) at the forefront of what could very well be the next American 'Industrial Revolution.'"

David Tobias also stated, "In the next several days and weeks we will begin a series of press releases announcing the launching of those divisions products and services into the market place that we have now completed creating and are very excited to announce the beginning of sales that will bring substantial revenues to the company - timed to the name change of the company to Hemp, Inc."

President Tobias continued stating, "Hemp was legal to grow in the United States until 1937 when it was unjustly tied to its very different but similar variety, marijuana. Hemp, Inc. remains committed to sharing the benefits of industrial hemp with the world and looks forward to the day when the American farmer can once again grow this bio-friendly crop and consumers can enjoy the benefits of locally grown nutritious hemp foods. In honor of the largest event of its kind in the US, The Seattle Hemp Fest and in accordance with the growth and evolution of Marijuana, Inc. we have changed our name to Hemp, Inc. The company's business models and revenues will increasingly focus on the global market for hemp."

CEO Bruce Perlowin also stated, "With the acquisition of the exclusive licensing rights to the www.Hemp.com domain name providing a solid foundation for our stock symbol HEMP, it was a natural evolution. www.Hemp.com is a significant asset for Hemp, Inc. and we intend to keep the integrity of www.Hemp.com intact as we implement a strategic marketing platform to greatly enhance the potential of www.Hemp.com all the while working for the American farmers. We anticipate www.hemp.com to become the premiere website for advertisers of all hemp products from all over the world."

Integral in the business plan of www.Hemp.com is a new online store now in the final phases of completion that will be 'The Amazon of Industrial Hemp.' The shopping cart will feature Hemp, Inc.'s Eco-Harmony Loyalty Card Rewards Program, offering consumers substantial rebates on purchases. A matching rebate will go to non-profits starting out with Patch Adams organization to help fund the building of a $50 million dollar free hospital in West Virginia (see: www.patchadams.org).

"This is (r)evolutionary marketing," said CEO Bruce Perlowin. "We can offer large rebates, giving our customers cash back while helping those who truly need it. As stated above, the first group we support is Patch Adams' charitable organization which is building a free hospital on 316 acres in Pocahontas county West Virginia. We take pride in promoting sustainable products and programs that improve the quality of life."

The www.Hemp.com online store will showcase the Herbagenix™ line, a division of Hemp, Inc. Herbagenix™ products (see: www.herbagenix.com) are formulated with the necessary ingredients in the right amounts to make them efficacious, a standard typically lacking in supplement manufacturing. The products are cutting edge - Herbagenix™ Hemp Protein contains hemp, spirulina, AFA blue green algae, and a proprietary energy blend that consumers have found both stimulating and invigorating. Herbagenix's™ male enhancement product with hemp extract is a superior stand up blend that helps you go the distance. Our hemp protein is also featured at: www.basichemp.com.

Hemp.com will soon add a video platform for reporting breaking news, covering important events, and interviewing industry leaders, as well as creating media content for the entire industry. The seasoned filmmaking team that produces the quality video on www.MarijuanaInc.TV is changing and expanding its personnel and its roles to make www.Hemp.com a premier online destination. Covering events, venders and filming at the Seattle Hemp Fest 2012 will be the first footage to be aired on this new video platform at www.hemp.com. "With this infrastructure now in place and operating smoothly, our name change reflects the fact we plan to replicate this achievement in the industrial hemp industry," said CEO Perlowin.

President David Tobias emphasized, "The innovative content of www.MarijuanaInc.TV has blazed a new path in the marijuana media and cannabis entertainment sector, and will continue to expand in all directions. Hemp, Inc. and www.MarijuanaInc.TV remain dedicated to all legitimate uses of the cannabis plant."

As other Hemp, Inc. divisions roll out, the hemp theme will remain intact. Planned for later this year are a hemp clothing division, featuring a quality fashion line of hemp and other natural fiber, and a unique "back to the land" real estate division based on the popular Kin's Domain movement. A beta test is underway for a Kins cottage industry producing hand crafted products from hemp and other sustainable materials, where quality is not sacrificed for volume (See: www.kinsdomain.us).

ABOUT HEMP, INC.

HEMP, Inc. (OTC:HEMP) focuses on the vast businesses created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. HEMP, Inc. is not involved in the cultivation or marketing of medical marijuana. It is the company's belief that legalization of hemp in all 50 states and at the federal level will come to pass. With that in mind, the company is building infrastructure with the potential to gain substantial market share once hemp prohibition ends.* (Pending any federal licensing or other requirements, that may be enacted after hemp prohibition ends).

FORWARD-LOOKING DISCLAIMER

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. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Hemp, Inc. to be materially different from the statements made herein.

CONTACT

www.hemp.com

  (Media and Entertainment Division)

[email protected]

 (Corporate Website)

http://www.KinsDomain.us (How to Build a Kins Domain and Create the Income for This)

 (Hemp Based Supplements Division)

http://www.basichemp.com (Hemp Protein with Enhanced Nutritionals)

 (Kins Community Information)

http://www.Twitter.com/Marijuanainc (Twitter)

 (Corporate Fan Page)

http://www.Facebook.com/BrucePerlowin (CEO Fan Page)

 (CEO Tweets)

http://www.youtube.com/watch?v=88d8aYNC2LM (Supporting Bobby Platshorn and The Silver Tour)

 (Supporting Cash Hyde Foundation)

http://www.HelpPatchAdams.com (Hemp Gemstone Candles as a Fundraiser for Patch Adams)

Phone: 1-877-221-8351

SOURCE Hemp, Inc.