Business
USEI to Enter the Hemp and Medical Marijuana Sector
USEI to Enter the Hemp and Medical Marijuana Sector.
About this update from Us Energy Initiatives
[{"type":"text","content":"\n \n \n USEI to Enter the Hemp and Medical Marijuana Sector\n \n \nUSEI to Enter the Hemp and Medical Marijuana Sector\n \n SANTA CLARITA, CA--(Marketwired - Feb 3, 2014) - U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) is pleased to announce today that the Company has decided to enter the Medical Marijuana and Hemp industries to capitalize on opportunities and relationships it has in the sector. The Company has already begun forming a subsidiary called USEI Cannabis Initiatives Corp and will develop the website for the Company and the web address will be www.useicannabis.com.\n According to Anthony Miller, CEO, \"We have extensive relationships with legal growers, dispensaries, product developers, marketers, patent holders and other professionals in this industry; and we believe that it is necessary that we develop these relationships and opportunities. The Medical Marijuana industry is growing at an extremely rapid rate and this emerging growth industry seems to have growth potential that will continue to grow for years to come. As other states legalize the use and sale of products and services for this industry, we plan to find our niche and opportunities. Management thinks this is just sound business for USEI. Our goal is strategically plan to make our Cannabis subsidiary as a very lucrative division of USEI and develop our own proprietary products and services.\"\n Further commented Miller: \"Please note that we are not abandoning our core biodiesel business because Hemp too is an integral part of our business. Hemp is the legally grown, non-intoxicating cousin of the Marijuana species and it is an excellent feed-stock for producing biodiesel (check out these links and a host of others that we will place on our website: http://www.hemp.com/hemp-education/uses-of-hemp/hemp-fuel/; http://www.hemp.com/hemp-education/uses-of-hemp/hemp-fuel/making-hemp-biodiesel/; http://www.cannabisculture.com/content/2014/01/31/US-Farm-Bill-Allows-Hemp-Farming-10-States). The technology that we use for making smaller batches of biodiesel can also be modified and translated into making Hemp oil and Cannabis oil. This oil can be refined as medical grade for additives into many consumer products. With this addition and new focus, we believe that we will add significant value to our company's business aspirations and vision. Finally, ...