LAS VEGAS, June 22, 2021 (GLOBE NEWSWIRE) — via NewMediaWire
Hemp, Inc. (OTC PINK: HEMP), a leader in the industrial hemp market, was one of a select group of companies across the globe named in a new Dublin, Ireland-based Research and Markets report, “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, and gives international confirmation of Hemp, Inc.’s leadership in the marketplace.
The U.S. market is estimated at $1.4 billion in 2020, according to the report. Other sources estimate the global hemp market in 2020 at $5.3 billion and is projected to grow to $13.8 billion by 2027 for a CAGR of 14.6%.
Products analyzed by Research and Markets in the new report include:
- Hemp seed (includes whole hemp seed, hulled hemp seed, hemp seed oil, hemp protein powder, and similar food, cosmetic and pharmaceutical products)
- Hemp fiber (used for textiles, building materials, paper, rope, etc.)
- Hemp shives (frequently utilized for animal bedding and mulch)
All three of these segments are predicted to see growth through 2027, with hemp seed expected to reach $8.9 billion by 2027 for a 15.3% CAGR and hemp fiber products were projected to show a 13.5% CAGR, and the hemp shives market is anticipated to show a 12% CAGR.
Hemp, Inc. has the largest industrial multipurpose hemp processing facility in North America, an 85,000-square foot facility in Spring Hope, N.C.
With more than 10 years of experience in growing and processing hemp in North America, Hemp, Inc. has an established network of industry professionals in every segment of the industrial hemp industry.
Hemp, Inc.’s mission to provide green solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of revenue- and value-generating synergistic businesses.
The company recently added its second brand (Billy Hayes) in the King of Hemp® product line which already consists of Bubba Kush hemp; CBD Pre-rolls, Fortified CBD Pre-rolls, CBD and CBG Caviar/Moon Rocks; and Diamonds (which are 96%-98.7% CBD, the only product like this in the marketplace today).
According to executives, one of its distributors is selling a limited number of signed and numbered Billy Hayes CBG pre-rolls as a collector’s item for $100 each. Those interested in being the first to collect this “pirate treasure” should click here.
There’s also a signed (by Bruce Perlowin) and numbered complete set of King of Hemp® CBD pre-rolls. (To hear the Bruce Perlowin theme song, click here.) The third in the series will be the Notorious Smith Brothers (famous smugglers from South Florida) to be released at a later date.
The Company’s website for its King of Hemp® line (www.kingofhempusa.com) also has CBD oil tinctures available for purchase. The tinctures are available in two flavors, Natural and Peppermint, and contain full-spectrum hemp oil extracted from the flowers and leaves of hemp plants sustainably sourced from Colorado. They are also compliant with the regulations created by the Colorado Department of Agriculture in regards to industrial hemp.
The tinctures, as well as all CBD products, contain 0.3% or less THC and are compliant with the 2018 Farm Bill.
To learn more, go to the King of Hemp® website, here.
WHAT IS HEMP, INC.?
What is Hemp, Inc.? With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small hemp farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. The Company is on a mission to be a powerful engine for social change and economic revival, worldwide, by providing hemp products that are eco-friendly, sustainable, and healthy. Hemp, Inc. executives believe there can be tangible benefits reaped from adhering to a corporate social responsibility plan.
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
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. The Securities and Exchange Commission (SEC) requires issuers to provide “adequate current information” and Hemp, Inc. does… using the SEC’s Alternative Reporting Standard to publicly report its quarterly and yearly financials. All current information can be found on www.hempinc.com/hemp-
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.