SHARE

Hemp Inc (OTCMKTS:HEMP)’s subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, has reached an agreement, with Green Cures, to provide consultation services. The announcement was made by Green Cures, which stated that the agreement was signed on February 20. Furthermore, HEMP recently updated its shareholders about the legalization of medical marijuana and how it is going in favor of the company.

As per the consultation agreement, IHMMCC will provide assistance to Green Cures, in establishing a foundation, which would help the company in cultivating at a public level. The CEO of Hemp Inc, Bruce Perlowin, stressed on the importance of this contract, stating that the current year is going to be very important for Green Cures, especially since he expects an industry wide exponential growth by 2017.

The IHMMCC utilizes the contacts and industry information, insights and education, gained by Hemp Inc, during its life and markets them to new and upcoming companies, through a one-stop shop solution. It is expected that the GRCU would launch a dynamic and expansive product, during the current year. The company also has a unique product line of cannabinoid product line, which is operating at large production levels.

The past few weeks, saw state attorney’s of Oklahoma and Nebraska fail in a bid to push back marijuana laws. The two states had claimed that Colorado’s liberal stand on marijuana laws, was allowing marijuana to flow through their states, illegally. The industry experts had stated that if the lawsuit had been successful, it would have flushed all attempts to legalize marijuana, down the drain. Although Hemp Inc does not operate within the medical marijuana region, the company believes that its legalization would open new doors for the company, within the hemp industry. Furthermore, Texas is set to become the 5th state to legalize the use of medical and recreational marijuana.

Hemp Inc (OTCMKTS:HEMP) lost a total of 12.84% during the March 29 session, to reach a close at $0.055.

SHARE
Previous articleCan Anpulo Food Inc (OTCMKTS:ANPFF) Extend Its Gains?
Next articleNanoTech Entertainment, Inc. (OTCMKTS:NTEK) Continues its Ascent on News of UltraFlix Mobile App
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

LEAVE A REPLY