SinglePoint Inc. (OTCQB: $SING):
#Hemp Cigarettes - What You Need to Know About One of the Fastest Growing
Segments of Hemp; @_Singlepoint_
PHOENIX - October 29, 2019 (Investorideas.com
Newswire) SinglePoint, Inc. (OTCQB:SING) has launched into the smokable hemp market. Newly released brand 1606
Original Hemp is gaining traction after much attention at the 2019 National
Association of Convenience Stores launch. The company received orders on site
at the show and gathered over 100 interested clients that collectively own over
15,000 locations. SinglePoint expects to make its first large sale in the near
future and has shipped orders to a collective 250 locations.
Hemp has been globally cultivated for thousands of
years, but what is hemp and what makes the plant so special? Hemp is a strain
that comes from the Cannabis Sativa plant species, it is an agricultural crop
grown for seed and fiber. "Some of
the earliest known uses of hemp began in China about 10,000 BCE, where it was
used for making clothing, rope, and paper."
In today's world, hemp is becoming very popular.
The use of hemp has evolved into diverse products such as lotions, oils, food,
beverages, and cigarettes. Smokable hemp is a developing trend, but is it a
good way to consume the cannabinoid? Here's what you need to know:
Hemp vs. Marijuana
Hemp and marijuana are both part of the cannabis
family. However, hemp will not get you high unlike marijuana, which is known
for its psychoactive effects. Marijuana has high levels of
THC, containing anywhere from 5%-35% whereas hemp has less than 0.3% THC. Hemp contains high cannabidiol (CBD) content which is not
psychoactive. Smoking hemp is a positive alternative to marijuana, "You get
the same taste, the same psychological feeling of smoking a joint, but without
the high."
Replacing Tobacco
Pure American Hemp cigarettes (link) are nicotine
and tobacco free. Some research suggests that smoking hemp cigarettes could be
a potential tool to replace tobacco and nicotine addictions. According to a
Brightfield Group survey of more than 5,000 CBD users in the U.S.:
·
24% have used it to help quit smoking.
·
Quitters are often replacing cigarettes
·
with either smokable hemp or vaping.
·
41% of quitters have entirely replaced
·
tobacco with hemp CBD.
Google trends reveals over the last year that hemp
was researched more often than tobacco and nicotine.
Initial Research
Initial research has shown CBDs ability to reduce
cigarette consumption. Researchers at University College London conducted a study of 24 smokers. Each were given an inhaler with
CBD or placebo. For one week they were to use the inhaler when they had the
urge to smoke. Those with placebo had no difference in cigarettes smoked, those
with the CBD inhaler significantly reduced the number of cigarettes smoked by
40%.
The Alternative Market
The Alternative Market has continued to grow
drastically, 35%, from 2019 to 2018 while cigarettes stayed steady at 3.1%.
With the addition of hemp cigarettes and the recent vape scare, many assume the
alternative market will continue growing as people look for a "healthier
for you" alternative to cigarettes.
The Future
BDS Analytics and Arcview Market Research projects
that the collective market for CBD sales in the U.S. will surpass $20 billion
by 2024 while New York-based investment bank Cowen & Co, estimates that the
market could pull in $15 billion by 2025. The smokable hemp market currently
represents approximately 2% of the overall CBD market, but with a 250% growth
from 2017 to 2018, Brightfield Group, a Chicago-based cannabis market research
firm, identifies dried and smokable hemp flowers as one of the fastest-growing
segments of the CBD market.
About SinglePoint, Inc.
SinglePoint, Inc (SING) is a technology and
investment company with a focus on acquiring companies that will benefit from
the injection of growth capital and technology integration. The company
portfolio includes mobile payments, ancillary cannabis services and blockchain
solutions. Through acquisitions into horizontal markets, SinglePoint is
building its portfolio by acquiring an interest in undervalued companies,
thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products
and services to the cannabis industry.
Connect on social media at:
Forward-Looking Statements
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under the Securities
Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are
subject to the safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the Company, are
forward-looking statements that involve risks and uncertainties. There can be
no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such
statements.
Technical complications, which may arise, could
prevent the prompt implementation of any strategically significant plan(s)
outlined above. The Company undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after the date of
this release.
Corporate Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com
855-711-2009
investors@SinglePoint.com
SinglePoint.com
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