Hemp, Inc. Reports: Sessions' Obsession about Marijuana Does Not Include Industrial Hemp and Definitely Not Kenaf
SPRING HOPE, N.C., Jan. 05, 2018 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC PINK:HEMP) executives respond today to the U.S. Attorney General Jeff Sessions' decision to rescind the Cole memo that ignited a marijuana stock sell-off . However, Sessions' stance on cannabis does NOT include industrial hemp and it definitely does NOT include kenaf, says Bruce Perlowin, CEO of Hemp, Inc. With 18,000,000 pounds of kenaf in inventory and another, approximate, 2,000,000 pounds of kenaf to be harvested early this year, Hemp, Inc. executives are not the least bit worried about their supply chain or if there will be any marijuana pushback by the federal government.
"Investors in Hemp, Inc. have nothing to worry about or fear," says Perlowin. Hemp, Inc., as reported in a press release yesterday , is processing its first two purchase orders. a truckload of kenaf fiber and a truckload of its kenaf loss circulation material (LCM). "This was not two truckloads of recreational marijuana. This was not two truckloads of medical marijuana. This was not even two truckloads of industrial hemp. It was one truckload of kenaf LCMs that's going to Texas and one truckload of kenaf fiber that's going to New Jersey. So no matter how Sessions marijuana obsession plays out, Hemp, Inc. is a safe bet for anyone concerned or hesitant about this new development," said Perlowin. As a global leader in the industrial hemp industry, with the largest multi-purpose industrial hemp processing facility in the western hemisphere, Hemp, Inc. is as sure of an investment as it was before Sessions' unpopular new war on the marijuana industry was announced.
This opinion is shared by many others in the industrial hemp industry. Whole Foods Magazine published an article , What Sessions Move on Marijuana Means for Hemp, CBD , and it says Sessions' decision should not affect businesses that are hemp-based. Sessions rescinding the Cole memo applies to marijuana related companies, not hemp companies. Read the full article here .
According to the article published in the RollingStone , Jeff Sessions' unpopular decision brought "swift condemnation from both Republicans and Democrats" alike, with National Republican Senatorial Committee head, Senator Cory Gardner blasting Sessions as "a liar." To read the full press release, click here .
For Investor Relations, please send correspondence to: firstname.lastname@example.org
Information om Globenewswire
Følg pressemeddelelser fra Globenewswire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Globenewswire
Claroty21.5.2018 15:01 | pressemeddelelse
Claroty Launches Channel Program and Announces New Industrial Cybersecurity Partnerships
International Trademark Association21.5.2018 02:11 | pressemeddelelse
INTA Selects Singapore for 142nd Annual Meeting Slated for April 2020
GlobeNewswire, Inc.19.5.2018 07:01 | pressemeddelelse
GlobeNewswire Test Release
Talend17.5.2018 14:22 | pressemeddelelse
Talend Opens Nomination Period for Data Masters Awards
SEMAFO Inc.17.5.2018 13:02 | pressemeddelelse
SEMAFO: Boungou First Ore Expected in May and First Gold Pour in June
CellAegis Devices Inc.17.5.2018 13:02 | pressemeddelelse
CellAegis Announces Completion of Patient Enrollment in Danish Investigator Sponsored Clinical Trial Using autoRIC® Device
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum