LAS VEGAS, Feb. 3, 2015 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC:HEMP), a leader in the industrial hemp industry today reports on current material events happening in the industrial hemp industry. Bruce Perlowin, CEO of Hemp, Inc. says, "The resurgence of producing industrial hemp in America is quite evident across the nation. All of these events are part of a process for full legalization. The economic benefit is undeniably strong for everyone. Just over the last week, alone, we've seen bills introduced, formal debates, and political support… all focused around industrial hemp." According to recent industry news in the past week alone, "Hemp is Hot".
- Tennessee's State Agriculture State Agriculture Department is currently developing a licensing and inspection program for the production of industrial hemp and is accepting applications from parties who are interested in growing industrial hemp in the State. (Source: 1/29/15 – Knoxville News Sentinel)
- In Australia, based on parliamentary inquiry into commercial industrial hemp conducted in 2012, three new measures are being introduced to help reduce regulation and licensing for industrial hemp. The 3 measures include: (1) introducing special legislation for the cultivation and supply of industrial hemp for commercial production and other legitimate issues; (2) immediately extending licencing from one year to five years to give farmers more certainty and allow them to get on with the job of growing the crop and; (3) increasing the allowable THC threshold from 0.35 per cent to 1 per cent to bring the state in line with New South Wales, Queensland and the ACT to allow for easier trade of material. According to the news source, the decision of inducting the new measure will "give more flexibility to farmers". (Source: 1/29/2015 – The Advocate)
- In Europe, a debate on the finalized hemp cultivation bill is expected to start in a few days. According to the party who has been lobbying to legalize hemp, along with medicinal cannabis, says that legalizing hemp "will open up new possibilities in both agriculture and industry sectors." The source stated, "Hemp cultivation should have already been legalised but a bureaucratic mix-up brought the endeavour to a standstill, with the Health ministry permanent secretary claiming that it wasn't clear whether minister Filippos Patsalis had the legal authority to sign a decree removing hemp from the illegal drugs list." (Source: 2/3/2015 – Cyprus Mail)
- In Richmond, Virginia, the House of Delegates passed legislation (House Bill 1277) that will allow industrial hemp to be grown in the state. The measure's sponsor, Delagate Joseph Yost, R-Giles, said the potential economic advantage that industrial hemp would provide for the state "could be an economic boon in terms of the amount of research" that could be done, as the Bill would "direct the state Department of Agriculture and Consumer Services to establish an industrial hemp research program and regulations in the commonwealth." While the Bill is heading to the House floor, sources say similar legislation in pending in the state Senate. (Source: 1/28/2015 – Richmond Times Dispatch)
- In Oregon, the Department of Agriculture gave the green light to anyone who wants to grow industrial hemp in the State. According to the news source, if everything goes as planned, "Oregonians will be planting the first legal hemp crop in the state since 1957." The licenses are available online through February 6, 2015 and when granted are valid for 3 years (and cost $1,500). While this is a major step for the state, a permit from the Drug Enforcement Agency (DEA) will need to give its approval to actually import and secure the seeds for this year's crop since it is still considered a Schedule 1 drug under the Controlled Substances Act of 1970. (Source: 1/31/2015 – Hemp.org)
- In New York, Dr. David Mitlin (of Clark University) describes hemp-powered batteries as "better than graphene" during a presentation at the Chemical Society meeting. Apparently, "the waste fibers from hemp can be transformed into high-performance energy storage devices." The source says electric cars and power tools could harness this type of energy. (Source: 1/30/2015 – Truth Control)
- The Hemp Farming Act bill is expected to not only spark growth the Industrial Hemp industry, but is suspected to spark "explosive" growth for the Hemp stocks as well by spotlighting hemp-related companies in the industry. The bill, S. 134, would remove federal restrictions on the cultivation of industrial hemp. (Source: 1/29/2015 – Wall Street Newscast)
- To open the campaign season for the 2016 Nevada GOP presidential caucus, Senator Rand Paul (R-KY) was in Reno and was asked about his support of growing hemp commercially. Before he said he views it as a cash crop for his Kentucky farmers, he said he received a jacket made from hemp. (Source: 2/1/2015 – Kentucky Marijuana Party)
- Hemp, Inc.'s (OTC:HEMP) hemp-based cosmeceutical line was highlighted in the article, "Hooked on Hemp: The Ingredients Powerful Influence in Cosmeceuticals" by Kate Lloyd. According to the natural products industry, hemp has been classified as a superfood for its omega-3s and omega-6s and other fatty acids that benefit the skin. According to the news source, "Women young and old are looking for quality natural products for skin health, and hemp can offer an ideal solution for consumers seeking top-of-the-line moisturizers and cosmetics." (Source: 2/2/2015 – Natural Products Insider)
- "Legislation has been filed for the 2015 legislative session in the Florida House to re-legalize the farming of hemp, and as of today, February 3, 2015 it is in the Agriculture and Natural Resources Subcommittee of the Florida House. The bill has not yet been picked up by a Florida State Senator. The bill would enable Florida farmers to grow industrial hemp as an agricultural crop. The bill calls for Florida government officials to develop rules "to promote economic development, and job growth through the cultivation, processing, distribution, manufacturing and sale of hemp." Read full article. (Source: 2/3/2015 – Examiner)
Perlowin noted that, "In Virginia, for example, House Bill 1277 is a precursor for when the Federal government allows for commerical production in the future. It positions them so they are ready to move forward when the time comes." Thus far, over thirty countries produce industrial hemp, including China, Slovenia, Australia, Austria, Denmark, Canada, Chile, Egypt, New Zealand, Finland, France, Germany, Great Britain, Romania, Hungary, India, Italy, Japan, Korea, Netherlands, Switzerland, Poland, Portugal, Russia, Spain, Sweden, Thailand, Turkey and Ukraine.
HEMP, INC.'S BREAKING NEWS
The goal of providing "Breaking News" video updates is to ensure shareholders, and the general public, are kept abreast of each step toward getting Hemp, Inc.'s decortication plant fully operational. Hemp, Inc.'s purchase of the decortication line of equipment, months ago, has primed the company for success as a leader in the emerging industrial hemp industry. As the nation begins to transition from non-sustainable synthetic solutions to more hemp-based clean, green solutions, Hemp, Inc. will be perfectly positioned to process raw hemp which can be used to make paper, fabric, cellulose plastics, materials used extensively in oil and gas drilling to prevent loss circulation, material for toxic spill cleanup, and, highly insulating building products such as Hempcrete… just to name a few.
ABOUT HEMP, INC.'s DECORTICATION PLANT IN NORTH CAROLINA
To date, Hemp, Inc.'s decortication plant is currently being reconfigured to accommodate the size of the equipment to be rebuilt. This includes demolishing a wall and rebuilding it using recycled materials from other parts of the plant. The installation of the perimeter fence was completed on 1/27/2015 around the 7 acres of property. Crews are currently upgrading lights to more cost-efficient LED fixtures. Also, all required permits for the state of North Carolina have been applied for and awaiting issuance. See Hemp, Inc.s previous press release on Breaking News for a complete update thus far on the decortication plant.
There has been an onset of legalization bills in many states across the country. According to one site, LiveTradingNews.com, next year will be a "breakout year for freeing marijuana". So far, four states have ended marijuana prohibition (Alaska, Colorado, Oregon, and Washington, and the District of Columbia). Speculators expect that number to triple after the presidential elections.
HEMP, INC.'s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC:HEMP) seeks to benefit many constituencies from a "Cultural Creative" perspective thereby not exploiting or endangering any group. Thus, the publicly-traded company believes in "upstreaming" of a portion of profit from the marketing of their finished hemp goods back to its originator as an interwoven piece of nature. By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits—our triple bottom line approach can be an important tool to support sustainability goals.
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