Hemp, Inc. Reports: Industrial Hemp Unlocks New Revenue Sources as the New Year Approaches

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[{"type":"text","content":"Hemp, Inc. Reports: Industrial Hemp Unlocks New Revenue Sources as the New Year ApproachesLAS VEGAS, NV - (NewMediaWire) - December 20, 2022 - Hemp, Inc. (OTC PINK: HEMP) is excited to share the latest economic update on the industrial hemp industry’s growth outlook over the next 5 years, as 2022 comes to a close. According to Research and Markets “Global Hemp Market by Type” report, the industrial hemp industry is expected to have a compound annual growth rate of 21.6% by 2027, equating to $18.1 billion dollars. This particular report analyzed the many applications of hemp as a textile, food item, and construction material, to name a few and cited the mass success hemp has had during 2022, making it a very socially-equitable industry.Why has it become socially equitable? As another report eloquently stated, “Industrial hemp is a cultivar of the plant Cannabis sativa (marijuana) that is utilized for a range of industrial and personal purposes. Hemp fiber, hemp oil, and hemp seeds are some of hemp’s by-products. Because of their high nutritional content, antioxidant, and anti-microbial qualities, these biodegradable compounds are widely employed in a variety of industries, including personal care products, textiles, animal feed, and others. Industrial hemp, as a fast-growing plant, provides a sustainable and renewable raw material for the manufacture of a variety of products, including fuel, plastic, and paper.” (Source: Facts and Finders)Hemp-based products are environmentally friendly, renewable, and connected with less toxic ways of production. Increased consumer knowledge of this has boosted the market’s growth.  And with demand compounding, sources of revenue are rapidly unfolding creating huge, lucrative opportunities for established companies such as Hemp, Inc. That means more market opportunities and joint ventures, increased product sales, and the possibility of more manufacturing opportunities that did not widely exist a few years ago.As one of the pioneers in the hemp industry, Hemp, Inc.’s foothold runs 14 years deep. The Company has facilities on the east and west coast and offers the broadest range of industrial hemp products.  These products include Spill-Be-Gone (an oil spill cleanup product made from the core particles and powder of the kenaf plant...

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