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Hemp, Inc. positioned to capitalize on growth in the
expanding worldwide market for hemp derivatives
Las Vegas, NV – 
HEMP), a leader in the industrial hemp market, has continued to respond to the
rising popularity of hemp with a variety of new market initiatives,
including a number of products utilizing hemp derivatives.
Last week, a new market report showed
how much growth is projected for hemp derivatives in the next seven years. The
report, released by leading market research firm The Insight
Partners, found that the hemp derivative market is expected to be
just under $21 billion by 2028. For comparison, the same market was estimated
at $4.5 billion in 2019.
“Hemp Derivatives Market to 2028
– Global Analysis and Forecast – By Type and Application” found hemp derivative
markets will continue to experience steady growth in the U.S. and around the
world. This 163-page report forecasts
19.7% CAGR through 2028 for the hemp derivatives market.
Two of the contributing growth
factors included an increase in the worldwide cultivation of hemp and an
increase in awareness about health benefits of hemp derivatives. The global
COVID-19 pandemic also played a role, as researchers found that consumers are increasingly
focused on health and wellness. “The pandemic helped to develop awareness and
interest in the medical sector of hemp,” according to a news release about
the report.
The report offered its analysis
by classifying the industry into four derivative market types:
·
Hemp CBD oil
·
Seed oil
·
Hemp fiber
·
Other
The market for hemp CBD oil grew
at the highest rate of all hemp derivative markets in 2021.
The report also offered insight
into the hemp derivative market by application:
·
Food and beverage
·
Pharmaceutical and nutraceutical
·
Personal care
·
Textiles
·
Other
Hemp has wide-reaching
applications in the textile, cosmetic and personal care industries, and Hemp, Inc. is
developing CBD cosmeceutical and nutraceutical products through its King of Hemp®
brand.
The Insight
Partners (TIP) provides various industries with research
content that includes information about market sizing and competitive
landscapes along with company analyses and geographic/regional analysis. “Hemp
Derivatives Market to 2028 – Global Analysis and Forecast – By Type and
Application” was published by TIP at the end of August 2021.
Hemp, Inc. has the largest
industrial multipurpose hemp processing facility in North
America, an 85,000-square foot facility in Spring Hope, N.C.
With more than 10 years of
experience in growing and processing hemp in North America, Hemp, Inc. has
an established network of industry professionals in every segment of the
industrial hemp industry.
Hemp, Inc.’s
mission to provide green solutions that help make the world a
better place continues to flourish as the company advances an ever-growing
portfolio of revenue- and value-generating synergistic businesses.
Hemp, Inc.. is also
focused on marketing and is currently negotiating with a network marketing
company to launch several new products for different niche markets. Digital
marketing campaigns are in the works including planning for display booths at
all the concerts and events at the Veteran Village Kins Communities.
The company is also selling
directly to retail stores as well as distributing through all the King of Hemp
Stores opening around America this year. Online distributors such as
NaturalExposureCBD.com is also carrying the products.
The company recently added its
second brand (Billy Hayes) in the King of Hemp® product
line which already consists of Bubba Kush hemp; CBD Pre-rolls, Fortified CBD
Pre-rolls, CBD and CBG Caviar/Moon Rocks; and Diamonds (which are 96%-98.7%
CBD, the only product like this in the marketplace today).
According to Jim Hancock, CEO of Hemp
Inc., one of its distributors is selling a limited number of signed and
numbered Billy Hayes CBG pre-rolls as a collector’s item for $100 each. Those
interested in being the first to collect this “pirate treasure” should click here.
There’s also a signed (by Bruce
Perlowin) and numbered complete set of King of Hemp® CBD pre-rolls.
(To hear the Bruce Perlowin theme song, click here.) The third in the series will
be the Notorious Smith Brothers (famous smugglers from South Florida) to be
released at a later date.
The Company’s website for its
King of Hemp® line (www.kingofhempusa.com) also has CBD oil tinctures available
for purchase. The tinctures are available in two flavors, Natural and
Peppermint, and contain full-spectrum hemp oil extracted from the flowers and
leaves of hemp plants sustainably sourced from Colorado. They are also
compliant with the regulations created by the Colorado Department of
Agriculture in regards to industrial hemp.
The tinctures, as well as all CBD
products, contain 0.3% or less THC and are compliant with the 2018 Farm Bill.
To learn more, go to the King of Hemp® website, here.
Those interested in King of Hemp® pre-rolls; hemp-derived CBD tinctures;
Caviar; Diamonds; can visit www.kingofhempusa.com and
email sales@kingofhempusa.com.
WHAT IS HEMP, INC.?
What is Hemp, Inc.? With a deep-rooted social and
environmental mission at its core, Hemp, Inc. seeks to build a business
constituency for the American small hemp farmer, the American veteran, and
other groups experiencing the ever-increasing disparity between tapering income
and soaring expenses. The Company is on a mission to be a powerful engine for
social change and economic revival, worldwide, by providing hemp products that
are eco-friendly, sustainable and healthy. Hemp Inc. believes there can be
tangible benefits reaped from adhering to a corporate social responsibility
plan.
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
This press release may contain certain forward-looking statements and
information, as defined within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject
to the Safe Harbor created by those sections. The Securities and Exchange
Commission (SEC) requires issuers to provide “adequate current information” and
Hemp, Inc. does… using the SEC’s Alternative Reporting Standard to publicly
report its quarterly and yearly financials. All current information can be
found on www.hempinc.com/hemp-financial-disclosures/.
This material contains statements
about expected future events and/or financial results that are forward-looking
in nature and subject to risks and uncertainties. Such forward-looking
statements by definition involve risks, uncertainties.
Contact:
Hemp, Inc.
855-436-7688
ir@hempinc.com
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