HPC POS System, Corp. Applauds the Legalization of Hemp Cultivation
February 6, 2014 / ACCESSWIRE / Reno, NV / HPC POS SYSTEM, CORP. (HPCS), a health company specializing in advances in Supplements for Health, and Anti-Aging today announced earlier this week that we are entering into the medical Marijuana and Hemp space to cover all sectors of the marketplace via a new holding company being created called Cannabis Health Group. This will include the development of edibles, ecommerce, cosmetics and software via their delivery systems and the engagement of knowledgeable Technical Scientists in this venue.
HPC POS System, Corp. is pleased today to announce that the Company is extremely excited about Congress' decision to legalize the cultivation of Hemp. Pursuant to the passage of the new Farm Bill, the cultivation of industrial Hemp is legal on a Federal level and is clearing the way for industrial Hemp pilot programs in ten states such as Colorado, Washington, California, Kentucky, Maine, Montana, North Dakota, Oregon, Vermont and West Virginia, where growing the plant is legal.
Fred Schiemann CEO stated, "Retail sales of these goods below reached nearly $500 million, according to the Congressional Research Service. With our current business model and new products that will be released in the near future, this makes it more mainstream for distribution.” (http://www.crs.gov/) (http://www.fas.org/sgp/crs/misc/RL32725.pdf)
Additionally, President Obama will sign the nearly $1 trillion federal farm bill into law when he visits Michigan State University on Friday. This will enhance and further the development of products from the cultivation of hemp and related products.
Hemp has long been cultivated for non-drug use in the production of industrial and other goods. Some estimate that the global market for hemp consists of more than 25,000 products. It can be grown as a fiber, seed, or other dual-purpose crop. Hemp fibers are used in a wide range of products, including fabrics and textiles, yarns and raw or processed spun fibers, paper, carpeting, home furnishings, construction and insulation materials, auto parts, and composites. The interior stalk is used in various applications such as animal bedding, raw material inputs, low-quality papers, and composites. Hemp seed and oilcake are used in a range of foods and beverages, and can be an alternative food protein source. Oil from the crushed hemp seed is an ingredient in a range of body-care products and also nutritional supplements. Hemp seed is also used for industrial oils, cosmetics and personal care, and pharmaceuticals, among other composites.
ABOUT WELLNESSBUILDER: www.wellnessbuilder.com
The Company specializes in advances in Supplements for Health, and Anti-Aging with a special interest in Preventative Medicine. The Company was formed to distribute nutraceutical formulas developed over thirty years of research by world renowned team of UCLA scientists. Wellnessbuilder scientists have created more than a dozen fucoidan-based formulas which are intended to address the needs of individuals suffering from DDS (Degenerative Disease Syndrome), which includes such maladies as gastrointestinal disorders, auto-immune diseases, asthma, Alzeimer's, dementia, diabetes, arthritis, cancer, and heart disease.
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
Contact for this Press Release:
Fred Schiemann, Marketing/Public Relations
Source: HPC POS System, Corp.