Hemp Likely to Become Major crop in U.S. Agriculture

Hemp Likely to Become Major crop in U.S. Agriculture

Bruce Perlowin, the current CEO of Hemp Inc. and the founder of the first-ever publicly traded cannabis company compared the explosion in pot stocks to the dotcom bubble. “There are too many of us,” Perlowin said. “I think the downward trend is too many companies and not enough buyers. And stuff like that changes on a dime.”

Many analysts are anticipating a major shakeout in the near future. One industry-watcher acknowledged that there are many companies trying to position themselves to be the dominant players in the industry, but until cannabis actually legal, “a lot of it is built on a foundation of sand.”

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