Hemp, Inc. (OTC:HEMP) declared victory for the industrial hemp
industry this week with a provision in the Farm Bill that legalized
industrial hemp cultivation pilot programs. After passing through
the U.S. House of Representatives on Wednesday, January 29, 2014,
the U.S. Senate then followed and passed the Farm Bill on Tuesday,
February 4, 2014 in a 68-32 vote, with the hemp amendment intact.
The nearly 1,000-page omnibus Farm Bill is expected to be signed
off by President Obama on Friday, February 7, 2014 at Michigan
State University.
Laws on industrial hemp, medical marijuana and recreational
marijuana are becoming more lax nationwide. Industry analysts say
it's been a long haul, especially for industrial
hemp. Lawmakers who support industrial hemp cultivation saw an
opportunity and pushed the provision that allows colleges and state
agencies to grow and conduct research on the crop in states where
it is legal. "What has been so stunning is how long it has taken,"
says Sarah Binder, an expert on Congress at the Brookings
Institution. Senator Mitch McConnell, who worked to retain and
strengthen the provision, was the lead negotiator in getting hemp
included on the Farm Bill was quoted, "We are laying the groundwork
for a new commodity market..."
Full legalization, according to hemp activists and supporters,
could create a vibrant new industry. According to first all-hemp
public company in this sector, Hemp, Inc. (OTC:HEMP), there are
more Americans discovering the benefits of hemp due to the
consistent dissemination of information educating them. From
healthy food and body care products, as well as eco-friendly
textiles, clothing, auto parts, and building materials, the
industry is expanding. Retail sales of those goods reached nearly
$500 million in 2012, according to the Hemp Industries
Association. Until now, outdated and misguided Federal policy
created in the 1930s prevented U.S. farmers from growing a
nutritious, versatile and eco-friendly crop that has been inherent
to US soil for decades.
Bruce Perlowin, CEO of Hemp, Inc. said, "These are monumental
steps for our industry, or shall I say 'movement'. And it's
beginning to unfold fast because people are finally beginning to
understand that this will finally unlock a clean 'American
Industrial Revolution' that will not only be economically sound,
but environmentally advantageous for everyone." Soon, Hemp, Inc.
(OTC:HEMP) will not have to import their hemp fabrics, hemp seeds,
hemp hearts and hemp hurd for their hemp products.
"We look forward to the day we can grow our commercial
industrial hemp crop in the United States," said Hemp, Inc. CEO,
Bruce Perlowin. Hemp, Inc. (OTC:HEMP) has been growing industrial
hemp in Northwest China during 2013 and cultivating 108 acres with
joint venture partner, The Yasheng Group.
Bruce Perlowin, CEO of Hemp, Inc. (OTC:HEMP), and one of the
most publicly known figures in the industry, apparently has it all
covered. "We are in the midst of another industry spike. This is
history in the making. This year alone, the industry has traded
billions of shares that are translating into millions of dollars
daily. This clearly indicates to the investment community that this
industry is here to stay and that they want in at the beginning of
this explosive industry."
For those who have not read the provision in the Farm Bill, the
legislation reads as follows:
Notwithstanding the Controlled Substances Act (21 U.S.C.
801 et seq.), the Safe and Drug-Free Schools and Communities Act
(20 U.S.C. 7101 5 et seq.), chapter 81 of title 41, United States
Code, or any other Federal law, an institution of higher education
(as defined in section 101 of the Higher Education Act of 1965 (20
U.S.C. 1001)) or a State department of agriculture may grow or
cultivate industrial hemp if — (1) the industrial hemp is grown or
cultivated for purposes of research conducted under an agricultural
pilot program or other agricultural or academic research; and (2)
the growing or cultivating of industrial hemp is allowed under the
laws of the State in which such institution of higher education or
State department of agriculture is located and such research
occurs.
To view some of the industrial application of hemp, click
here.
ABOUT HEMP, INC.
Hemp, Inc. (OTC:HEMP) focuses on the vast market created by the
quickly emerging, and growing, multibillion dollar industrial hemp
industry. Hemp, Inc. (OTC:HEMP) is not involved in the cultivation
or marketing of medical marijuana. It is the company's belief that
legalization of hemp in all 50 states and at the federal level will
come to pass. With that in mind, the company is building
infrastructure with the potential to gain substantial market share
before and after industrial hemp prohibition ends. (Pending any
federal licensing or other requirements, that may be enacted after
hemp prohibition ends).
ABOUT THE INDUSTRIAL HEMP AND MEDICAL MARIJUANA
CONSULTING COMPANY, INC.
The Industrial Hemp and Medical Marijuana Consulting Company
(IHMMCC) is a wholly owned subsidiary of Hemp, Inc. (OTC:HEMP) that
pulls industry information from a vast network of specialists that
consists of other public industry, public company CEOs, bankers,
investors, lawyers, industry analysts, and non-profits connected to
the industry. IHMMCC is entrenched in all the multi-faceted
opportunities in the medical marijuana and Industrial Hemp
industry. (www.HempInc.com)
Hemp, Inc.'s TRIPLE BOTTOM LINE
Hemp, Inc. (HEMP) seeks to benefit many constituencies, not
exploit or endanger any group of them. 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. 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.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Hemp, Inc. to be materially
different from the statements made herein.
http://www.hemp.com |
http://www.herbagenix.com (hemp based
supplements division) |
http://www.basichemp.com (hemp protein with
enhanced nutritionals) |
http://www.mjlover.com (MJ Lover for Him; MJ
Lover for Her) |
http://www.re-load.biz (hemp-based
nutraceuticals) |
http://www.ecoharmonycard.com (loyalty card
sustainable fundraiser for non-profits) |
http://www.supportpatchadams.com (hemp
gemstone candles and fundraiser for patch adams) |
http://www.hempinc.tv (media and
entertainment division) |
http://www.marijuanaincorporated.com |
http://www.cartelblue.com (eco-friendly
clothing) |
SOCIAL NETWORKS: |
http://www.twitter.com @marijuanainc
(twitter) |
http://www.facebook.com/bruceperlowin (ceo
fan page) |
http://www.twitter.com @bruceperlowin (ceo
tweets) |
CONTACT: 855-HempOut
email: info@hemp.com
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