Hemp, Inc. Praises Five New States to Legalize Marijuana for Recreational and/or Medicinal Use – GlobeNewswire

Las Vegas, NV, Nov. 05, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Hemp, Inc. (OTC PINK: HEMP) a global leader in the industrial hemp industry with bi-coastal processing centers, announced praise of five states that will now legalize marijuana for recreational and/or medical use.  According to the news source, the measures passed in all five states had pot legalization on the presidential election 2020 ballot.
Amidst the political turmoil of this year’s presidential election, the majority of voters in New Jersey, Arizona, South Dakota, Mississippi, and Montana seemed to agree on one thing… marijuana legalization. Bruce Perlowin, CEO of Hemp, Inc., 55-year veteran of the marijuana industry, now known as the King of Hemp(R) says, “Marijuana is coming full circle, but legally now.  Back in my heyday, I was (and still) widely known as the King of Pot so it’s interesting to see how things have progressed over the years and exciting to see where we’ll be in the future.”On November 4, 2020, the majority of New Jersey and Arizona residents voted to approve constitutional amendments that would legalize marijuana for people over the age of 21. Since both of these states already allow marijuana for medical use, the next steps for New Jersey and Arizona would be to establish rules for regulation to implement the new policy and establish permits for vendors. One source reported that according to a state analysis for New Jersey, “the cannabis market could generate around $126 million a year” for its economy.Voters in South Dakota approved marijuana for medical use.  South Dakota has a second ballot measure that would legalize recreational marijuana, but the votes are still being counted. Mississippi voters approved an initiative to establish a medical marijuana program for patients with debilitating conditions.  Voters in Montana voted for two initiatives to legalize, regulate and tax recreational marijuana for adults 21 and older, according

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