Hemp, Inc. (OTCMKTS:HEMP) On The Rise Again

Hemp, Inc. (OTCMKTS:HEMP) had a nasty crash last Thursday and another couple of red days at the beginning of this week, but now the ticker is headed up as talks of marijuana legalization intensify. Yesterday’s session alone brought HEMP a 12.20% up, leaving the ticker sitting comfortably at $0.0460.

Pot stock enthusiasts in general and HEMP supporters in particular have been ecstatic with the most recent turn of events. Word online is, Vermont and Oregon are just a few short steps away from legalizing marijuana, and thus – removing the stigmata from hemp and the hemp industry in the process.

According to marijuana stock enthusiasts, Tennessee is also worth checking out, as its senator, Frank Niceley, seems to be not only interested but actively involved in the development of the branch.

One statement in said senator’s lecture that probably should have caught the investors’ attention is the declaration that “hemp isn’t subsidized”. However, hyped up as they are, HEMP enthusiasts seem to find such details irrelevant, focusing on exciting news and happily cheering their chosen company on and convincing themselves that “THE UPTREND HAS BEGUN” and “HEMP is on the verge of a breakout”.

Still, hype or no, investors would do well to remember all of a company’s shortcomings before committing to its stock. And it’s not like HEMP doesn’t have an abundance of serious problems dragging it down. Bad financials, toxic debt, crushing dilution and deceptive accounting are all very real current threats to investor value.