HERE COMES THE HEMP BRAND While political and cultural machinations continue over the legalization of marijuana for recreational use, the advent of the industrial hemp and medical marijuana industries continues to meander into the mainstream. The recent farm bill has relaxed regulations on growing industrial hemp in the U.S., which has charmed those who manufacture hemp products and wearables, and would prefer to grow their own, rather than rely on Chinese plants. Now comes the branding for what some sources predict could be a $500 million industry. Dewmar International — a Las Vegas-based marketing group — has signed an agreement with the Industrial Hemp and Medical Marijuana Consulting Company, Inc., this a subsidiary of Hemp, Inc., an industry resource in the emerging field. “The marijuana — albeit medical or recreational — and industrial hemp industries have been expanding for several years now, culminating in complete legalization by Washington and Colorado,” Dewmar CEO Marco Moran tells Inside the Beltway. “I think as the economy wakes up to this market with a significant long-term pent up demand, many innovative technologies, medicines and nutraceutical products will rise to astronomical proportions in gross sales volumes due to simply being one of the first. This will result in an explosion of success for companies who stand ready to capitalize on recently changing legislation,” he adds.
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