Hempacco partners with Rick Ross for Hemp-Hop Smokes, plans new Crypto ICO

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The rapper became a business tycoon Rick Ross has joined Hempacco Co. Inc. to launch its brand of Hemp Hop Smokables.

With Rap Snacks Inc. CEO James Lindsay joining him as a founder, Rick Ross is entering the $1 trillion hemp industry. Hemp Hop will offer hemp cigarettes, rolling papers and other alternatives to nicotine. The venture could give Hip-Hop’s biggest boss a new theme song to live off of, Rich life forever.

The founding of Hemp Hop

Hempacco co-founder and marketing manager Jorge Olsen announced the partnership at Ross’ Boss Up Conference which took place on 17-19 September.

“We are ready to start offering hemphop hemp cigarettes to wholesalers,” Olson said.

“With Rick Ross and James Lindsay at the helm of sales, distribution and marketing, it will be an amazing consumer experience for consumers.”

Ross took to Instagram on Sept. 22 to announce the alliance between the hemp industry powerhouses.

“This hemp jump here,” said Ross. “This [is] the combination of the game right here – something [that is] some of the finest, healthiest rollups.”

James Lindsay is also in the mix. Lindsay – the highly successful CEO of Rap Snacks – has a proven track record of teaming up with the rap industry’s biggest names like Migos, Cardi B and Lil Boosie. Lindsay is a wholesale distribution veteran who adds Rick Ross to her resume.

“It is wonderful to join forces with my partner Rick Ross to mentor black entrepreneurs who want to scale their businesses and become mentors to the new generation of business leaders,” said Lindsay. “Sculpting and participating in the success of others is one of my great passions.”

Hempacco, Hemp Hop Partnership

The Hemp Hop Smokables brand and Hempacco agreed to a 50/50 joint venture. The new line plans to offer a variety of products such as Hemp Hop wraps, CBD smokingables and Delta 8 smokes.

Hempacco’s trademark phrase is “Disrupting Tobacco” and together they are focused on “developing, manufacturing and marketing an expanding consumer line of functional CBD hemp cigarettes and hemp rolling papers.”

But Hempacco’s ambition didn’t start—and it won’t end—with Rick Ross

Hempacco’s plan to reveal new crypto

The San Diego-based cannabis brand has shown that it is serious about accelerating commercial growth.

Until this year, Hempacco’s success did not escape the borders of the Southern California region. But that is no longer the case.

Hemp pack was commissioned to produce 250,000 packs of 20 CBD hemp cigarettes for the Ace & Axle brand in June 2021. In January 2022, they entered into a joint venture with Cheech and Chong’s Cannabis Company.

Hempacco Co. raised $6 million in August 2022 with its initial public offering (IPO) to fund further nationwide distribution. And now this partnership with the Wingstop franchise’s biggest boss, Rick Ross.

Next on Hempacco’s to-do list is to issue a cryptocurrency, according to Crypto Coin Opps.

“We will soon accept crypto in our store and can create our own crypto,” said Jorge Olsen. “More like a club style than a currency for trading.”

It hasn’t been confirmed, but a company executive said the accepted cryptocurrencies are likely to include Bitcoin, Ethereum, Shiba Inu, Solana, LiteCoin and DOGE.

An ICO or IDO launch for a Hempacco cryptocurrency will also take place and will be announced before the end of the year.

“It is suggested that the launch of a legal new cryptocurrency ICO or IDO by Hempacco is one to watch,” according to Crypto Coin Opps. “The investment can yield a 10-fold return [a] quite a short time ago the Hemp product company has all the tools necessary to create brand popularity and use its own symbol.”

This is not surprising given the rapid decline in tobacco use in the US – along with the rapid rise of CBD, marijuana and hemp.

Hempacco is currently traded on the S&P 500 stock market and is one of only two San Diego companies to successfully launch an IPO in 2022.

In short, it’s like Rick Ross said on Instagram, “It’s about making something that lasts forever…it’s history.”