LAS VEGAS, June 22, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Hemp, Inc. (OTC PINK: HEMP), a leader in the industrial hemp market, is one of a select group of companies around the world operating in a new Research and Markets report based in Dublin, Ireland, “Industrial Hemp – Global Market Trajectory & Analytics”.
Hemp, Inc. was one of 36 companies selected for analysis in the comprehensive 285-page report announced June 14, 2021, which confirmed Hemp, Inc.’s leadership position internationally.
According to the report, the U.S. market is valued at $ 1.4 billion in 2020. Other sources estimate the global hemp market at $ 5.3 billion in 2020 and is projected to grow to $ 13.8 billion by 2027, a CAGR of 14.6%.
Products analyzed by Research and Markets in the new report include:
Hemp seeds (includes whole hemp seeds, shelled hemp seeds, hemp seed oil, hemp protein powder and similar foods, cosmetic and pharmaceutical products)
Hemp fibers (used for textiles, building materials, paper, ropes, etc.)
Hemp shives (often used for bedding and mulch)
All three of these segments are projected to grow through 2027, with hemp seeds projected to reach $ 8.9 billion by 2027, a CAGR of 15.3%, and hemp fiber products a CAGR of 13.5%, and the hemp shives market is expected to show a 12% CAGR.
Hemp, Inc. has the largest multi-purpose industrial hemp processing facility in North America, an 85,000 square foot facility in Spring Hope, NC
With more than 10 years of experience growing and processing hemp in North America, Hemp, Inc. has an established network of industry experts in every segment of the industrial hemp industry.
Hemp, Inc.’s mission to provide environmentally friendly solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of high-revenue, value-adding synergetic businesses.
Hemp, Inc. is also focused on marketing and is currently negotiating with a network marketing company to bring several new products to market for various niche markets. Digital marketing campaigns are in the works including planning exhibition booths at all concerts and events in the Veteran Village Kins communities. The company also sells direct to retail stores as well as through all King of Hemp stores opening across America this year. Online retailers such as NaturalExposureCBD.com also carry the products.
The story goes on
The company recently added its second brand (Billy Hayes) to the King of Hemp® product line, which is already made from Bubba Kush hemp; CBD Pre-Rolls, Fortified CBD Pre-Rolls, CBD and CBG Caviar / Moon Rocks; and diamonds (which are 96% to 98.7% CBD, the only product like this on the market today).
According to executives, one of its distributors is selling a limited number of signed and numbered Billy Hayes CBG Pre-Rolls as collectibles for $ 100 each. Whoever wants to be the first to collect this “pirate treasure” should click here.
There is also a signed (by Bruce Perlowin) and numbered complete set of King of Hemp® CBD Pre-Rolls. (To hear Bruce Perlowin’s theme song, click here.) The third in the series will be the Notorious Smith Brothers (famous South Florida smugglers), which will be released at a later date.
The company’s website for its King of Hemp® line (www.kingofhempusa.com) also offers CBD oil tinctures for purchase. Available in two flavors, Natural and Peppermint, the tinctures contain full-spectrum hemp oil extracted from the flowers and leaves of hemp plants that are sustainably sourced from Colorado. They also comply with the Colorado Department of Agriculture regulations regarding industrial hemp.
The tinctures and all CBD products contain 0.3% or less THC and comply with the Farm Bill 2018.
To learn more, visit the King of Hemp® website here.
WHAT IS HEMP, INC.?
What is Hemp, Inc.? With a deeply ingrained social and environmental mission at its core, Hemp, Inc. seeks to create a business group for the American small cannabis grower, American veterans, and other groups suffering from the ever-growing discrepancy between falling income and rising spending. The company aims to be a powerful engine for social change and economic recovery worldwide by providing hemp products that are environmentally friendly, sustainable and healthy. Hemp, Inc. executives believe that following a corporate social responsibility plan can bring tangible benefits.
FORWARD LOOKING DISCLAIMERS AND DISCLOSURES
This press release may contain certain forward-looking statements and information 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 established by those sections. The Securities and Exchange Commission (SEC) requires issuers to have “appropriate up-to-date information” and Hemp, Inc. uses … the SEC’s Alternative Reporting Standard to publicly publish its quarterly and annual financial statements. You can find all the latest information at http://www.hempinc.com/hemp-financial-disclosures/.
This material contains statements about expected future events and / or financial results that are forward-looking and involve risks and uncertainties. By definition, such forward-looking statements involve risks and uncertainties.
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