Hemp, Inc. Reports

Hemp-Based Product Sales Expected to Reach $16.2 Billion by 2033

LAS VEGAS, NV, July 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Hemp, Inc. (OTC PINK: HEMP) reports today that the global market for hemp-based products is expected to skyrocket to $16.2 billion in 10 years.  According to the latest business intelligence study by Fact.MR, hemp-based products are already valued at $1.8 billion in the global market and will continue to have significant growth over the next 10 years due to more opportunities, increased drivers, shifting trends, and less restraints. The report highlights segments and sub-segments within the hemp industry and analyzes each in terms of value and volume.  It also “elaborates market behavior of each vendor operating in the hemp-based products market”. (Source)

If the hemp industry continues to evolve at this rate, Hemp, Inc. executives believe its e-portal (www.hempinc.com) to its CBD products will capture a large share of the marketplace. Another report by Transparency Market Research, Inc. revealed that an “inclination of the younger population toward organic and natural products is anticipated to drive the demand for hemp-based products globally.” With Hemp, Inc.’s stellar lineup of CBD/CBG/CBN products, the Company is well-positioned to grab a sizeable portion of that market share. Hemp, Inc.’s products include a CBD-CBG Topical Pain Relief Roll-on (an impressive, THC-free 1,460mg of CBD and 630mg of CBG for a whopping total of 2,090mg of cannabinoids in 5ml), CBD/CBG Natural Coffee Enhancers, CBD/CBG Tinctures, and, CBDa/CBGa/CBD/CBG/CBN Capsules.

The report also cited “restrictions on export and import of hemp seeds and hemp-based products in a number of countries are likely to impede market development in the next few years.” To combat this, “firms in the global hemp-based products market are concentrating on expanding their geographic reach through tactical acquisitions and partnerships with key players in their respective region. A slew of international firms possessing strong R&D capabilities and skills and online platforms are likely to enter the domain of hemp-based products to grab as much of the global market share as possible.” (Source)