In 1920, the United States enacted a constitutional ban on
the sale, production, importation and transportation of alcoholic beverages
that remained in effect for more than a decade. On December 5, 1933,
ratification of the twenty-first amendment repealed this ban, effectively
legalizing what had been a ‘black market’ and giving the legal alcohol
industry, as well as major players in the industry such as Anheuser-Busch
(NYSE: BUD) and Molson Coors (NYSE: TAP), a serious opportunity to record
growth in a thirsty market.
The legalization of a ‘black market’ creates a significant
opening for companies with established resources and infrastructure to promote
rapid growth, as demonstrated by the results of prohibition. Despite being
limited by the economic conditions of the Great Depression, Budweiser sales
continued to climb following the twenty-first amendment. By the end of World
War II, Anheuser-Busch entered into an era of sustained growth. With the
national movement to legalize industrial hemp production rapidly gaining steam
in recent months, Hemp, Inc. is in a strong position to promote similar
results, capitalizing on the foresight of its management team and its
70,000-square-foot decortication plant.
“It’s not that often that a ‘black market’ industry becomes
legalized. That happens, maybe, once every century,” Bruce Perlowin, chief
executive officer of Hemp, Inc., stated in a news release. “We aim to spark a
new clean green American agricultural and industrial hemp revolution for the
American farmers and hemp product manufacturers.”
The movement to legalize industrial hemp has made
considerable progress in recent months, beginning with the Agricultural Act of
2014. This revolutionary law removed the federal restriction aimed at growing
industrial hemp and set the stage for individual states to legalize
manufacturing operations for further research. To date, a total of 13 states –
including California, Colorado, Hawaii, Indiana, Kentucky, Maine, Montana,
Nebraska, North Carolina, North Dakota, Oregon, Utah, Vermont and West Virginia
– allow industrial hemp farming for research and/or commercial purposes.
This progress is great news for Hemp, Inc. The company’s
multipurpose hemp processing plant – the first and only commercial factory to
be built in the U.S. in nearly a century – is expected to give it a distinct
strategic advantage in capitalizing on renewed commercial demand for industrial
hemp in the future.
For more information, visit www.hempinc.com
About QualityStocks
QualityStocks
is committed to connecting subscribers with companies that have huge potential
to succeed in the short and long-term future. We offer several ways for
investors to find, evaluate, and learn more about investing in these companies.
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment