Lawmakers Face Busy Week Dealing with Legal Marijuana &
Industrial Hemp Operations as The Sector is Projected to Hit $44
Billion by 2020
Coral Springs, FL -- March 15, 2016 -- InvestorsHub
NewsWire -- 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 athttp://www.financialnewsmedia.com/profiles/usmj.html
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
Companys 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 Companys Bud+Breakfast at Silverthorne
location, the ranch is near some of the states most beloved outdoor
destinations, The resort combines recreational marijuana use and
education with a traditional ranch experience to create the
countrys first-ever cannabis resort. Camp Bud+Breakfast at Aspen
Canyon Ranch will begin accepting reservations on March
15 for this years summer season, July 1 September 30,
2016.
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