World News: 12:20 GMT Friday 11th January 2019. [Dewmar International BMC, Inc. via Globe Newswire via SPi World News]
New York, NY, Jan. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- (OTCPINK: ) announced today that it has secured and signed an agreement for an office address and space on North 7th Street in downtown Louisville, Kentucky which is considered by most hemp experts to be the hemp capital of the United States. The production of hemp in Kentucky dates back to the 18th century and Kentucky has produced more hemp than any other state in the country.
Kentucky was by far the in the United States in the 18th and 19th centuries. In the early 1900’s, Kentucky was responsible for 75% of the hemp fiber production in the United States. Led by Senate Majority Leader of Kentucky, the which included the removed hemp as a Schedule 1 controlled substance making it a legal agricultural crop for the first time in decades. Dewmar International understands the importance of securing a foothold in Kentucky in hemp country. This new office address in Kentucky is also important for Dewmar as the company engages in further discussions with Canadian licensing partners.
Immediately after the 2018 Farm Bill became law on December 20, 2018, the FDA reiterated the safety of hemp products. Specifically, stated that hempseeds, hemp protein and hemp oil are all recognized as generally recognized accepted as safe (GRAS). This means that products derived from hemp can be legally marketed in human foods without further food additive approvals and barring any unsubstantiated health and treatment claims. Kush Cakes premium relaxation brownies, the country’s top selling hemp-infused brownie, has been on the market since 2011. contain hemp protein. Dewmar manages this brand under its seasoned wholly-owned subsidiary . The market for this and other hemp-derived products are wide open for companies and Dewmar International has an 8 year lead on most.
Bruce Linton, Chairman and Chief Executive Officer of , remarked right after the passage of the Farm Bill by saying, “Canopy Growth commends the United States government for passing the Farm Bill, a transformative piece of legislation that will create jobs and meaningful economic impact across the United States.”
Marco Moran, Chairman and Chief Executive Officer of Dewmar International, commented, “This is just another one of many efforts in our long-term plan to create a powerful company while building relationships in Canada and creating a foothold in the hemp market. Securing an office in Louisville is just another step in the maturation process to have more products in the marketplace as we are open to assess mutually beneficial and highly profitable partnership opportunities with like-minded business enterprises.”
Investors and interested readers are encouraged to continue watching the market for further developments from , Kush Cakes licensing opportunities and developing opportunities in the hemp marketplace as Dewmar continues to build a stronghold in Kentucky.
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a certified service-disabled veteran business concern, new product development, manufacturing and brand management company. Established in 2003, Dewmar’s primary business strategy has been in creating high profit margins with functional foods and beverages, such as , which is rated as one of the top 3 national selling relaxation beverages in the U.S. market and relaxation brownies. The company has offices in Clinton, MS; Houston, TX; Denver, CO; New Orleans, LA and recently Louisville, KY.
Dewmar is the owner and developer of the cannabis industry dispensary-to-consumer website which serves as a unique online portal that connects marijuana dispensaries with their customer base throughout North America. The Company asks all investors and supporters to share this website with friends, family and associates asking them to register with as many dispensaries to learn about each store’s product offerings, promotions and discounts.
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Globe Newswire: 12:20 GMT Friday 11th January 2019
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