Business
Hemp Inc.’s King of Hemp Brand Offers Substantial Opportunity for Business Owners Through King of Hemp Stores
Hemp Inc.’s King of Hemp Brand Offers Substantial Opportunity for Business Owners Through King of Hemp Stores.
About this update from Hemp, Inc.
[{"type":"text","content":"\n LAS VEGAS, NV, Nov. 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hemp, Inc. (OTC PINK: HEMP), a leader in the industrial hemp market and manufacturer of King of Hemp® CBD and CBG products, is venturing into a phase of growth by offering an attractive business opportunity to stores around the United States. The company is pleased to announce that entrepreneurs interested in opening a King of Hemp® store can do so now with very little barrier to entry. King of Hemp® is not offering this retailer opportunity as a franchise or as a licensing agreement—retailers simply have to purchase $10,000 in King of Hemp® products to sell in their store. To put this number in perspective, the average cost of a franchise such as a McDonald’s is $500,000. The announcement is part of a bold new strategy from Hemp, Inc. “We hope to have 200 or more King of Hemp® stores up and running in 2022,” said Hemp, Inc. president Jim Hancock. Anyone interested in opening a King of Hemp® store can email [email protected] for more information. Shop owners can expect supply chain security through Hemp, Inc.’s existing infrastructure and the recent purchase of Ferris Holding, Inc. Ferris Holding, Inc., a leading co-packer and manufacturer based in Las Vegas, was acquired by Hemp, Inc. in September 2021. The purchase allows Hemp, Inc. to expand its new product launches in the global hemp market. Hemp, Inc. investors and shareholders can benefit from King of Hemp® stores as well. “The revenues produced from the King of Hemp® stores for Hemp, Inc. will be more than substantial,” said Hancock. In late September of this year, Ukiah, Calif.-based Mamas Medicinals, a purveyor of its own custom botanical skin and body care line, became the second store in the United States to stock the entire King of Hemp® product line. This Mendocino County store offers only the finest CBD products, made with integrity and free of chemicals. Mamas Medicinals opened in 2018 and is one of several CBD wellness stores in the area. As part of the Emerald Triangle, the city of Ukiah—once named California’s best small town—has a thriving cannabis culture. Mamas Medicinals’ owner Emily Held is pr...