The companies will develop and distribute vaporizers. The vaporizers will be sold through medical marijuana dispensaries, in some states, and through outlets for electronic cigarettes, in other states.
Hemp, Inc. claims to have a consulting division whose mission it to “evaluate other public companies business plans.”
Hemp, Inc. will also assist VaporBrands expand the retail distribution of its current and future electronic nicotine-based cigarette products, creating a health hazard that may scare investors.
Both companies engage in a variety of strategies including social marketing, speaking and exhibiting at industry events, doing media interviews and filming for the www.marijuanainc.tv website that interviewed patients such as Chaz Moore who was later featured on Sanjay Gupta’s “Weeds.”
The partnership could help both companies gain market share in the booming paraphernalia industry, which last year generated $9.7 billion in revenue and employed 41,930 people, according to HQ Magazine.
In addition to creating non-marijuana vaporizing products, the partnership will produce and distribute a vaporizer product that is specific to using hemp oil. Hemp Inc. will also help VaporBrands expand the distribution of its current and future line of electronic cigarettes, despite general anti-tobacco sentiment among investors. Oh well, it is a “sin” stock already.