Hemp Inc (HEMP)

[Beave]

For everyone's leisurely reading pleasure...

http://www.hemp-technologies.com/

I stumbled across this as I was looking into hemp agriculture. The site is packed with information on hemp from farming to products. I was completely blown away at just how many things hemp can be used for. I neither pumper nor basher, I am just a guy who has had a little skin in the game for a while simply because HEMP Inc. caught my eye with their ridiculously good ticker symbol. I mean, come on, seriously well played snagging that one up... I liked the idea behind the company so I figured I'd throw some play funds at it just for fun. It's been worth it just to learn what I have learned about the hemp industry even if I lose everything I've got in. If HEMP Inc. really does hold to their word, then this could really be bigger than a lot of people think. For those of you who don't mind reading a bit, let me explain what I've realized these past few months and why it leads me to believe that the hemp industry will be far bigger than anyone could even imagine...


I've gotta throw in a little background first, I feel like the reality of how big hemp could be wouldn't be there without it. I had the amazing privilege of growing up on a little 240 acre beef farm in the Middle of Michigan. It's considered a hobby farm as both my dad and grandpa worked to support their "farming habit." My great grandfather was the last in our family to make his living fully off the farm.

Being my dad's only child, the farm will inevitably come into my care at some point no matter what, though hopefully in the very distant future. I did kind of step away for a while, aside from the few times during the summer that I try to get over there and make sure I'm the guy runnin the hay mower most of the time. My grandpa is 78 now, he's still goin as strong as a 20 year old but he shouldn't be spending 12 hours on a tractor, even if I do have to fight him off of it...

Despite stepping away, I've always known I wanted to get back into the farm, even though many times my dad told me to get as far away as I could. Usually this was said while we were in the middle of working on yet another junk piece of equipment that had broke down. My big dream would be to figure out a way to make the farm a source of a living again, just as my great grandfather had. It's hard to make that transition, though, because such a farm demands time that one does not have if they must also maintain a 40+ hour a week job. I've crunched many numbers and looked at countless scenarios, there just isn't many options with the modest acreage. We have the unique opportunity of quite a lot of additional available land for sale but that too is not an option until the farm is stable and supporting itself IMO.

This is where hemp comes in and my real point to all of this is made clear. These past couple weeks, I have been seriously researching the possibility of hemp as a viable way to bring my dream to fruition. It turns out, hemp could make possible things that never were before with a smaller scale farm. There are, of course, two hurdles to get past before this option can be feasible. Number one being that growing hemp is still illegal in Michigan aside from use for research, which was allowed with the passage of the farm bill back in 2014. The second major hurdle is the fact that the potential for the hemp industry remains yet to be discovered, and will remain so until hemp is allowed to be grown on a large scale.

This drastically hinders any growth in that sector, which in turn results in a low demand for hemp, which causes low interest in hemp farming. This is a vicious cycle that will continue until states, and eventually the federal government, realize how foolish it has been to outlaw an industry with so much potential on so may levels that it is impossible to understand just how deep the ripple effect from the hemp industry would penetrate. There has been much positive progress, however, the "ignore it to remove accountability" approach that the federal government loves to use with these types of things is really slowing things down.

The obvious and immediate implications are there for the positive effects that a hemp industry would have. A whole new option of income for farmers, a very environmentally sound option for paper products, and maybe a few other items are the things most people know can be made possible. What the majority DO NOT know is just how many uses there is for hemp, I know I was blown away, I had no idea. Expand that to the whole new job market a hemp industry would create. Even less considered is the explosion of research and development in the hemp sector. All of those uses for hemp that surprise us now would be multiplied 100 fold when companies begin to pour in the research dollars to be the first to release the "next big thing from hemp!"

Industrial hemp farming is practiced in other countries, however, I feel that they cannot be used as a comparison or example of how it would effect the economy here in the U.S. The natural competitive nature of capitalism has fueled some of the most amazing innovations and ideas in the U.S. throughout the course of history. There could be countless uses and applications for hemp that have not even been discovered yet. I believe that the driving force of competition would fuel an explosion of research into hemp. This would result in a time period of rapid growth and expansion in the new hemp sector, shortly after industrial hemp becomes commonplace. It may take a year or two for this explosion to develop, but the resulting impact on the hemp industry will be the foundation for what I believe will become one of the biggest industries/sectors of the future United States.

The effect of the hemp industry would ripple through every aspect of the economy and touch so many areas that it would be impossible to make any kind of accurate prediction as to the positive economic impact. There is no way to gauge, for example, how many thousands of jobs could be created as this number would be exponential. From the highly qualified jobs in the research and development, to the workers in the factories making the new hemp products, all the way to the small business owner who decided to take a risk and open a new store stocking all products produced from hemp and hemp byproducts. Not to mention the countless other jobs in between.

I suppose I will spare everyone and try to wrap this up as I did not plan on writing so much. I could continue to go on but maybe I should save it and write an article sometime in the future. Just treat this post as if you were reading an article and it'll all be ok.

In the process of researching into hemp farming and the possible option it may be for the farm I grew up on. I learned many things that I did not know about this potential industry. The many different uses for hemp already in play was enough to convince me of the eventual market. Then, as I gave it some more thought, the seemingly unlimited potential for a hemp industry captivated me. Now, since this is a board specifically for HEMP Inc., I suppose I should address the company just a bit. What all that I have said means for HEMP Inc. is anybody's guess. As I said, I am neither pumper nor basher, this post is not meant to be directed specifically toward HEMP Inc. but the much more broad idea of a future hemp sector. The fact remains that if HEMP Inc. is truly working towards their stated goal, they will surely prosper in a future environment where industrial hemp has become commonplace. This, however, is not the question that is up in the air with HEMP Inc. The question which has remained persistent is that of whether or not HEMP Inc. is truly working toward, and hoping to accomplish, what they have been stating. Unfortunately, there is no way for myself, or anyone for that matter, to know the answer to this with full certainty. What I do know is that if the binders come off and the hemp industry is allowed to boom, I think it will be bigger than we all can imagine. This is enough for me to be fine risking a bit here.