Hemp Inc Makes Top 30 List Although it’s on m

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Although it’s on my list of marijuana stocks, I must stress that Hemp Inc (OTCMKTS:HEMP) is not a marijuana company. Often used interchangeably, both hemp and marijuana originate from the cannabis plant, but that’s where the similarities end. Primarily, hemp has very little THC content, and thus is not psychoactive.

This distinction has significant implications toward legal matters. Recently, the very conservative state of Oklahoma legalized hemp, becoming the 37th state to do so. Such legislative tailwinds boost firms like Hemp Inc, which specializes in the cannabis-derivative. Moreover, hemp-legalization increases agricultural revenues and employment opportunities.

In the markets, HEMP stock has been admittedly weak this year. But don’t overlook the fact that since early February, HEMP has formed a rising trend line. Priced under three cents, it’s a very speculative risk, but one that has significant potential.

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