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 proud to carry the King of Hemp® line in her downtown store located at 328 N. State St. in Ukiah, just a few blocks west of U.S. Highway 101.
Hemp, Inc. began shipping its King of Hemp® product line to stores across the country in late 2020. King of Hemp® products are available in various locations across Florida, Arizona, Nevada and California, while The King of Hemp® online store offers consumers 24/7 convenience and secure online ordering.
Entrepreneurs interested in a King of Hemp® Store can email [email protected] for more details.
Hemp, Inc. has the largest industrial multipurpose hemp processing facility in North America, an 85,000-square foot facility in Spring Hope, N.C.
With more than 10 years of experience in growing and processing hemp in North America, Hemp, Inc. has an established network of industry professionals in every segment of the industrial hemp industry.
Hemp, Inc.’s mission to provide green solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of revenue- and value-generating synergistic businesses.