On September 7, 2022, according to a recent Gallup poll, regular marijuana consumption in the United States has surpassed regular cigarette consumption for the first time in history. Marijuana use has significantly increased over the past fifty years, now reaching the highest level recorded by Gallup. Smoking rates among Americans, on the other hand, have declined in recent decades, with only 11% of respondents stating they are smokers. Recreational marijuana is now legal in some form in 38 states, which may contribute to its growing popularity. As more states legalize marijuana, the number of users may continue to rise. CBD has also become a popular choice among smokers, with marijuana cigarettes offering an alternative option without the dangers or addictive effects of tobacco or nicotine.
Hempshire Group is committed to sourcing the finest organic cannabis rich in CBD and other organic ingredients such as lavender and sage to create CBD cannabis cigarettes that offer all the pleasurable smoking rituals of traditional tobacco, without the addictive and harmful effects.
On September 7th, Hempshire Group received authorization from the Belgian Federal Public Service for Health, Food Chain Safety, and Environment confirming that their tobacco product complies with European Union regulations. This allows Hempshire to sell in the EU, the world's largest single market, as long as they adhere to specific "local" regulations of each member state, such as packaging in local languages and including any required warning labels.
Last month, Hampshire Group outlined its growth strategy for 2022 and 2023. The company's products are made exclusively from organic whole hemp, organic marshmallow root, and organic mullein, without any tobacco, nicotine, fillers, preservatives, or other chemical substances.
The focus of Hempshire's strategic goals are three global potential markets: tobacco, e-cigarettes, and cannabis with a combined annual spending of over 850 billion dollars.
Hempshire believes that it has established the framework and infrastructure necessary to achieve its long-term goal of dominating the global market for nicotine-free and smoke-free alternatives.
Over the course of my 35+ year career, I have developed strategies and guided marketing plans for some of the largest brands in the world. I have only seen a few truly disruptive products with fundamental advantages at risk of being overtaken in a multi-billion dollar industry. Hampshire County's President and CEO, Martin Marion, stated, "Our products have the ability to dominate in commercial competition while creating a happier, healthier world. This combination allows us to expand through intelligence.
The past three months have been revolutionary for Hampshire as Hoist Capital Corp. and Hempshire Group merged during this period. The organization resulted from the merger between Hoist and Hempshire US and is positioned to become a market leader in smokeless and nicotine-free alternatives to smoking products. It will continue the business previously conducted by Hempshire US.
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