Hemp Proving to Have Major Growth Potential Across Many Industries and Products

PALM BEACH, Florida: Hemp...What's old is new again! An article from the National Hemp Association had some surprising facts about hemp today and yesterday, for example: Hemp is thought to be the first domestically-cultivated plant, with evidence of hemp fabric dating to 8,000 years ago found in Turkey (former-day Mesopotamia).

Other evidence suggests cultivation further back by two or more thousands of years. Hemp paper is stronger than wood-based paper; it has strongest natural fiber of any source; it can grow nearly anywhere in the world, in many types of soil; it can grow without pesticides; it is a high-yield crop. (One acre of hemp produces twice as much oil as one acre of peanuts, and nearly four times as much fiber pulp [or paper] as an acre of trees. Levi jeans were originally made from hemp sailcloth (and rivets), for goldminers in California, who would fill their pockets with gold. And because of its strength hemp fiber can be used for composite materials to make anything from skateboard decks to stealth fighter bodies. Furthermore, increasing demand for hemp-based technical products including oil paints, varnishes, biofuel, solvents, and coatings is expected to drive market growth . The personal care industry is expected to register a revenue-based CAGR of 15.9% from 2018 to 2025 on account of high fatty acid content of the product. Body care products containing seed oil reduce skin discomfort by soothing and restoring dry or damaged skin and also help slow down aging process, which is likely to drive demand. Active companies in the cannabis industry includes:Hemp Inc. (OTC:HEMP), Medical Marijuana, Inc. (OTC:MJNA), PotNetwork Holdings, Inc (OTC:POTN), Puration, Inc, (OTC:PURA), Cannabis Strategic Ventures (OTC:NUGS).

Today, however, hemp still has a growing demand, as per another industry research source states: hemp-based food products including cooking oil, dairy alternatives, flour, and salad dressings is expected to drive market growth. In addition, rising demand for bakery products such as bread and cookies is expected to drive the market. The industry is witnessing growth on account of increasing consumer awareness pertaining to benefits associated with hemp products.

Hemp Inc. (OTCPK:HEMP) BREAKING NEWS: Hemp a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today a joint venture between Hemp, Inc. and retail store Hemp Healthcare, in Dolan Springs, Arizona, to sell high-end cannabidiol (CBD) and hemp-based products.

Hemp Healthcare is a retail storefront conveniently located off Highway 93 in Arizona, in a highly trafficked tourist area. Specifically located on Pierce Ferry Road, Hemp Healthcare is next to Dolan Station - a location that welcomes numerous tour buses daily with visitors from around the world that stop there on trips to the Grand Canyon. Hemp, Inc. announced in July 2018 that the company had entered into a joint venture with Dolan Station to sell high-end CBD and Hemp, Inc. products as well. The global demand for CBD and hemp products at Dolan Station supported the opening of Hemp Healthcare.

Hemp Healthcare is home to an array of renowned CBD and hemp products, including Hemp, Inc.'s cosmetic and wellness line that includes shampoos, lotions, candles and more. Additionally, Hemp Healthcare offers a whole range of other popular CBD and hemp-based products such as oils, infused water, vapes, pre-rolls and more.

Most of the individuals visiting Hemp Healthcare and Dolan Station are tourists traveling from Las Vegas to the Grand Canyon Skywalk, which is the Grand Canyon West's premier attraction. One of the seven natural wonders of the world, the Grand Canyon receives nearly 5 million tourists a year, according to CNBC.

The joint venture between Hemp, Inc. and Hemp Healthcare will be a monumental stride for not only the storefront but also for Hemp, Inc., as we make our way into the tourism market, said Hemp, Inc. CEO, Bruce Perlowin. The consistent passing of individuals through this town, on their way to one of the most popular attractions in the United States, will only increase the awareness of high-end CBD and hemp-based products, including our own brand.Read this full announcement and more news for HEMP at: https://www.financialnewsmedia.com/news-hemp/
(PRN | 1 year ago)

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Hemp Proving to Have Major Growth Potential Across Many Industries and Products