LAS VEGAS, March 11, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC: HEMP) applauded California's Democratic Party as it voted on March 8, 2014 to support legalizing marijuana for recreational use, parallel to Colorado and Washington states. According to The Los Angeles Times, the state's Democrats added marijuana legalization to their platform, in a near-unanimous vote, and officially "supports the legalization, regulation and taxation of marijuana, in a manner similar to that of tobacco or alcohol."
While a near-unanimous vote, the support came as a soft shock to most considering Governor Jerry Brown "expressed reluctance to legalize marijuana on NBC's 'Meet The Press,' saying, 'I think we need to stay alert, if not 24 hours a day, more than some of the potheads might be able to put together.'"
Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) opined, "California has always been considered the chieftain of states, being the first state to establish a medical marijuana program that was enacted by the Compassionate Use Act of 1996, otherwise known as Proposition 215. Not to mention Senate Bill 420 in 2003. So California was way overdue." Lt. Governor Gavin Newsom "gave an impassioned plea to Democratic delegates for full-scale recreational legalization at the convention" citing, "It's time for all of us to step up and step in and lead once again in California, just as we did in 1996."
The Industrial Hemp and Medical Marijuana Industry, and its public companies therein, is becoming widely recognized for its environmental impact and business practices. According to Perlowin's son, Aubree Arias, CEO of Compassion Capitol, LLC, his father has, "made great strides in unifying and educating the public about the hemp industry. Before my father took Medical Marijuana, Inc. public, there were no publicly traded corporations in this arena. He had the courage to be a pioneer and risk bringing Medical Marijuana, Inc. into the public equities market. Taking on the stigma associated with hemp has not been an easy road, but he has paved the way, and we are seeing the fruits of that with over a dozen publicly traded entities in this sector. Now we are poised to have Hemp, Inc. (http://www.hempinc.com) become the 'Amazon' of the hemp world, as we expect rapid growth in the industry."
"It's gratifying to see the concept and company that I founded soar to new heights as this industry gets more national media recognition. Although I have moved on to another venture (Industrial Hemp) in the same industry, I am proud that my legacy is provoking worldwide interest," Perlowin stated.
CNN's Chief Medical Correspondent, Dr. Sanjay Gupta has also expressed his support of medical marijuana and will premiere the second installment of his documentary, called "Cannabis Madness," tonight. In tonight's part two of his documentary, Dr. Gupta plans to take a close look at the federal laws that classify marijuana as one of "the most dangerous" drugs available, "with no currently accepted medical use."
It seems the media has a huge appetite for more insight into the Industrial Hemp and Medical Marijuana industries. Bloomberg TV recently featured Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) in which Perlowin discussed longtime misconceptions of the industrial plant; the Federal government's reluctance on full legality for industrial hemp; the direction of the industrial hemp industry after passing of the 2014 Farm Bill and its economic benefits; and, Hemp, Inc.'s role and contribution to the industry. Yesterday's Forbes article, "The First Pot Stock Billionaire Says His Penny Stock Could Be A Little High", also highlighted Perlowin's Bloomberg interview.
This new wave of activity in the Industrial Hemp and Medical Marijuana industries has been keeping Hemp, Inc.'s (OTC: HEMP) subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, Inc. (IHMMCC), quite busy. According to Perlowin, it's because, "The Industrial Hemp and Medical Marijuana Consulting Company is the best 'connected' consulting company in the industry, since we were the ones that started the sector and have been there since the very beginning." IHMMCC specializes in helping other public companies move into the medical marijuana, recreational marijuana and industrial hemp industries by finding new products and services and channels of distribution that fit within these industries.
