Hemp, Inc. (OTCMKTS:HEMP) Pushed Further Up By Marijuana Hype

Despite not being a “true” marijuana stock, Hemp, Inc. (OTCMKTS:HEMP) still trades on marijuana news, so it’s really no wonder that with so many candidates in the upcoming elections talking about marijuana legalization, HEMP as hot as can be right now.

On Friday, HEMP a 15.22% price jump on a 2.69 million dollar volume. This is no mean feat, especially if you consider the fact that there hasn’t been any news or disclosure coming from the company since the press release it published on September 25.

As it is, rumors that both Alaska and Oregon are to vote on marijuana legalization for recreational use tomorrow have done a ton of good for the whole marijuana branch. Although few other names had HEMP‘s success, most other well liked companies, such as Creative Edge Nutrition Inc, (OTCMKTS:FITX) and mCig Inc. (OTCMKTS:MCIG), came out ahead in Friday’s session.

With developments in the marijuana sector being as fast moving and as significant as they are now, many opportunistic traders and pot stock enthusiasts will be paying extra attention to the marijuana stock market in general and HEMP in particular.

As usual, prudent investors would do well to do some proper due diligence and familiarize themselves with all of the details on the company they wish to commit to, and not just jump on the hype train.