LAS VEGAS, Feb. 11, 2014 (GLOBE NEWSWIRE) — Hemp, Inc. (HEMP) CEO, Bruce Perlowin was featured yesterday on Bloomberg TV (the global news leader). In the interview, Perlowin discussed longtime misconceptions of the industrial plant; the Federal government’s reluctance on full legality for industrial hemp; the direction of the industrial hemp industry after passing of the 2014 Farm Bill and its economic benefits; Hemp, Inc.’s role and contribution to the industry; Perlowin’s 9-year incarceration for marijuana smuggling; and Hemp, Inc.’s massive volume of stock trading.
During the interview, viewers gained more insight into the industrial hemp industry. Perlowin talked about the fact that Industrial Hemp has over 50,000 uses. From rope and clothing to soap and lotions and nutritional additives in everything from milk to cooking oil. Historically, the plant was grown in American soil by Presidents George Washington and Thomas Jefferson before the Federal government banned the plant in its anti-drug efforts. And thus the new billion dollar crop of a clean ‘American Industrial Revolution’, the crop that could “stifle western dependence on middle eastern oil” before it began, the crop that could turn the economy around, producing millions of American jobs, the crop that could decrease the need for importing what could be grown on America’s own soil, was rendered … unusable. And with it, a non-addictive, non-opiate, non-narcotic, harmless drug superior to alcohol lay dormant for decades masked behind its cousin, marijuana.
Now, the passing of the farm bill is a big first step towards allowing American farmers to, once again, grow industrial hemp, thus giving Hemp, Inc. enormous new economic opportunities. Bruce Perlowin, CEO of Hemp, Inc. said, “I said it before and I’ll say it again … these are monumental steps for the industry. What we are all trying to get people to understand is that this will finally unlock a clean ‘American Industrial Revolution’ that will not only be economically sound, but environmentally advantageous.” Soon companies like Hemp, Inc. (HEMP) will not have to import their hemp fabrics, hemp seeds, hemp hearts and hemp hurd for their hemp products.
Perlowin also discussed Hemp, Inc.’s wholly owned subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, Inc. as the “fastest and most profitable division of our company.” He previously stated, “The Industrial Hemp and Medical Marijuana Consulting Company is the best ‘connected’ consulting company in the industry, since we were the ones that started the sector and have been there since the very beginning.” IHMMCC specializes in helping other public companies move into the medical marijuana, recreational marijuana and industrial hemp industries by finding new products and channels of distribution that fit within these industries.
Hemp, Inc. is a pioneer in the industrial hemp and medical marijuana industry with a 44-year veteran at its helm. It’s no secret, Perlowin spent nine years in Federal prison for, at the time, being the largest marijuana smuggler on the west coast. He was dubbed by America as “The King of Pot” and was the most watched documentary on CNBC, titled, “Inside America’s Pot Industry“.
Hemp, Inc.’s (HEMP) market value is currently over $220 million, trading on average over 100 million shares a day.
Bloomberg TV is the global business and financial information and news leader, that gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas.
To see Bruce Perlowin’s feature on Bloomberg TV, click here.
Hemp, Inc.’s TRIPLE BOTTOM LINE
Hemp, Inc. (HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in “upstreaming” of a portion of profit from the marketing of their finished hemp goods back to its originator. By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits — our triple bottom line approach can be an important tool to support sustainability goals.
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.
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