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Tuesday, January 20, 2015 4:56:05 PM
Next to cost of labor, shipping is often the greatest expense for a business, if not greater, especially for those in the shipping business. Being east of the Appalachians, near port, in close proximity to a large population base is immensely important. NC is a great state for farming and research, and provides a good amount of end-users.
Hemp Inc has established several divisions to capitalize on the emerging markets. It is wise to begin early, to acquire market share at this young stage, prepared to be in position, as the market continues to develop.
Hemp Inc has been a leader in consulting for folks in this industry and not hard to see why they are coming to Bruce. He's been acquainted with cannabis since the age of 16. Judging by the interview, he almost seems to look back and laugh when his past is brought up. In a matter of years, his incarceration might as well be pardoned, IMO.
Hemp Inc partnered with China's Yasheng group to grow over 100,000kg of hemp hearts and seed, grown on over 100 acres of land. This was a small, yet large step for Hemp, to research and understand the growing cycle; hemp couldn't be grown in the States at the time. It appears their involvement with Yasheng has suspended, perhaps to spend more time on assembling the NC plant. I know negotiations don't always pan out, so best to move on if there's no deal. A good international relationship, nonetheless, and successful grow.
Do the DD, see how many events Hemp has attended. They may have gone to a few dozen industry conferences, trade shows, campaign functions, over the past 3+ years. Hard to say they haven't been active promoting the company AND industry, while making new connections.
I believe the politics will come in Hemp's favor, in due time. It's hard to say for sure when, but, given the political layout, in addition to public demand, it could go quicker than usual.
Wall Street will follow, and when that time comes, it's clear that hemp intends to be at the epicenter of the emerging hemp markets, with a strategic position between supplier and consumer.
Only a matter of time, IMO.
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