American Voters Overwhelmingly Approve Marijuana Reform in 2016 Presidential Election

LAS VEGAS, NV--(Marketwired - Nov 14, 2016) - Hemp, Inc. (OTC PINK: HEMP) executives are pleased to report that last week's 2016 elections marked a significant day for not only Presidential-Elect Donald Trump but for the marijuana sector as well. An unprecedented nine states had marijuana initiatives included in their ballot. Voters in four of those nine states (California, Nevada, Maine, and Massachusetts) made marijuana legal for recreational use and voters in another four states (Arkansas, Florida, Montana, and North Dakota) approved medical access to marijuana. According to one news source, the cannabis trend is clear... "60% of Americans support legalizing weed, up from 31% in 2000." And the "market for both recreational and medicinal marijuana is now projected to grow to $22 billion by 2020, up from $7 billion this year."

Arkansas' Medical Cannabis Act, in which "affordable dispensing" will give price breaks to low-income patients, was passed by 53%. California's Adult Use of Marijuana Act, in which prior convictions can be expunged, was passed by 55.8%. Florida's Use of Marijuana for Debilitating Conditions Initiative, for qualifying debilitating conditions, passed by a whopping 71%, 11 points more than the supermajority it needed. Maine's Marijuana Legalization Act, which allows for home growing of up to six plants was passed by 50.3%. Massachusetts' Regulation and Taxation of Marijuana Act, which also allows for home growing of up to six plants, was passed by 53%. Montana's Medical Marijuana Initiative, which allows marijuana to be sold at dispensaries, was passed by 57%. Nevada's Initiative to Regulate and Tax Marijuana, in which a patient or caregiver living 25 miles from the nearest dispensary can grow up to eight plants, was passed by 54%. North Dakota's Medical Marijuana Legalization Initiative, in which a patient or caregiver living 40 miles from the nearest dispensary can grow up to eight plants, was passed by 63.7%. (Source: Freedom Leaf Magazine, Historic Results of the Marijuana Election 2016, Nov. 9, 2016)

Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP) said, "The trend is apparent. Legalization of industrial hemp closely follows the legalization of recreational marijuana, provided it's not already legal in the state. (Industrial hemp is so low in THC that you can't smoke it... there are absolutely no psycho active effects at all.) This gives Hemp, Inc. a major advantage. Our multi-purpose industrial hemp decortication processing facility in Spring Hope, North Carolina is the only commercial, public company focused on processing industrial hemp on a large scale. We are years ahead in building the infrastructure to process industrial hemp and sizable amounts of hemp fiber, hemp hurd, and core. We can effectively grow and farm high fiber cultivars and high CBD cultivars, as well as current investigations in large scale commercial CBD extractions." It is also important to note that California legalized not just marijuana but industrial hemp as well. To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.