Hemp, Inc. (OTC:HEMP) applauds President Obama for signing the 2014
Agricultural Act into law which contained a provision making it
legal, under Federal law, for universities and state agricultural
departments to grow and research the industrial properties of hemp
without penalty, in states where the once controversial crop is
legal. This will open enormous new economic opportunities for Hemp,
Inc. as the only industrial hemp publicly traded company. Those
states, currently, are California, Colorado, Kentucky, Maine,
Montana, North Dakota, Oregon, Vermont, Washington and West
Virginia. Prominent industry staples such as Hemp, Inc. (OTC:HEMP)
are positioned to profit considerably from what could be the first
step toward creating a multi-billion dollar hemp industry.
The 2014 Agricultural Act, known as the Farm Bill, was
celebrated in the industry because it represents the first time in
decades that industrial hemp was defined by federal law since the
non-intoxicating plant was erroneously banned under the 1970
Controlled Substances Act. All forms of cannabis are federally
prohibited under the Controlled Substances Act because marijuana
has psychoactive properties. Even though hemp is in the same
genus as marijuana, it does not contain any THC to "get high".
What does this mean for the industrial hemp industry? The
classification of industrial hemp is not permanent. "Outlawing hemp
because of its association with marijuana was one of the most
counterproductive measures in U.S. history. But after decades of
ignorance and misinformation, hemp can finally be differentiated
from its potent cousin, marijuana allowing more legislation to be
passed specific to hemp. Once it's permanently removed from the
Controlled Substances Act, hemp will, once again, become a
significant driving force in the U.S. economy," opined Bruce
Perlowin, CEO of the first public company in the industry, Hemp,
Inc. (OTC:HEMP).
The Farm Bill's provision on industrial hemp allows states to
draft their own administrative rules, which means they have the
flexibility to outsource cultivation to local farmers and can begin
growing as soon as the local rules are accepted. According to the
bill, there is no cap on the amount of hemp that can be grown, or
for the size of a research facility.
Prior to the bill, annual retail sales in the industrial hemp
industry was estimated at over $500 million. "Just think how it
will increase now. This is monumental," said Perlowin. "The
market opportunities for hemp, especially for Hemp, Inc. are
astounding ... expanding into the mainstream. With our 108-acre
hemp crop, in the Gansu Province of Northwest China, it's exciting
to be offering hemp goods that Hemp, Inc. has produced from seed to
sale."
Hemp, Inc. teamed up with the Yasheng Group, one of China's
largest agricultural producers, last year and has been growing
industrial hemp which is in high demand by consumers because the
seeds are packed with essential fatty acids and proteins and unlike
soy, hemp is not genetically modified. The other components of the
crop are fiber, intended for textile use, and chaff for animal
bedding and for use in hemp concrete. Hemp, Inc. is currently
negotiating for expanded hemp cultivation ventures with Yasheng
Group for Spring, 2014. "Our intent for this is to establish
processing facilities onsite. Northwest China's environment is
perfectly suited for the hemp plant, but it is a challenge getting
goods to processing facilities and finally to market, so getting
ramped up is key," said Perlowin.
With the demand for hemp food in America, Hemp, Inc. stands to
gain a sizeable market share. The retail value of its harvest,
in seed products alone, "could be well over $2,000,000" according
to a previous release where Hemp, Inc. informed
shareholders of their crop's progress. The crop also "consists
of a Hemp cultivar suitable for textile manufacturing. These hemp
fibers will be blended with cotton or other natural fibers and made
into soft, durable garments such as T-shirts."
With a solid infrastructure to manufacture, Hemp, Inc. has
positioned itself as the cutting edge leader at the birth of this
new industry or the avant garde of the industrial hemp
industry.
A value-added part of Hemp, Inc.'s crop is the plant's
chaff. The chaff is highly absorbent and obtained by
mechanical de-fibering after the seeds are removed and is used for
wet process hemp concrete building applications and animal
bedding. "We are using the chaff for hemp adobe bricks for the
hemp houses we're building on our KinsDomain in Arizona and
Florida," said Perlowin. Hemp, Inc. is building hemp houses on
4,500 acres in Arizona and in southern and central Florida.
According to Eric Steenstra, President of the advocacy group,
Vote Hemp, "This is not just a boon to U.S. farmers, this is a
boon to U.S. manufacturing industries as well."
As the laws around industrial hemp continue to unfold, industry
newcomers and investors are looking for professional guidance and
they are turning to Hemp, Inc.'s subsidiary, The
Industrial Hemp and Medical Marijuana Consulting Company, Inc.
(IHMMCC). Bruce Perlowin, CEO of Hemp, Inc.
says, "I know where all the gold is hidden in this industry,
every nuance of business niche, what will work and won't work, what
has been tried before and what new ideas and concepts for the
industry will fly or fail. When I'm not sure of something, or it's
in one of the many areas outside my particular expertise then I
know who to go to, who is an expert in this area and who more
likely than not will immediately know all the answers or where to
find them quickly. Our consulting division is extremely diverse and
broad."
The Industrial Hemp and Medical Marijuana Consulting Company,
Inc. pulls industry information from a vast network of
specialists that consists of other public industry, public
companies' CEOs and networks of experts, bankers, investors,
lawyers, other consultants, industry analysts, and non-profits
connected to this industry as well as the traditional industry
experts in all areas of the various business opportunities the
industry presents. Perlowin, and his associates, have an unrivaled
wealth of knowledge and experience. This culmination of knowledge
and experience has even attracted the attention of banks, which
want in on the billions of dollars flowing through the public
company sector of this industry.
Hemp, Inc. is also producing hemp-based products proven to
increase the body's overall health and performance. The company
boasts HerbaGenixTM nutraceuticals (www.herbagenix.com); BasicHemp
(www.basichemp.com), their hemp protein shakes brand; and,
custom-branded MJ Lover for Him and MJ Lover for Her
(www.mjlover.com) and Re-Load's hemp nutraceuticals
(www.re-load.biz) which are derived from a blend of organic
nutrients, herbs, and vitamins including hemp extract, and AFA
blue-green algae which is known for its healthful effects.
Other products of Hemp, Inc. include hemp gemstone candles
(www.supportpatchadams.com) made on the Kins Domain; the
Eco-Harmony Loyalty Card (www.ecoharmonycard.com); and, education
and media (www.marijuanaincorporated.com).
Hemp, Inc.'s diversification also expands into the apparel
industry with their hemp and natural fibre clothing
(www.cartelblue.com) launching Spring, 2014. Cartel Blue will
manufacture hemp jeans and other eco-friendly clothing. The
apparel line's physical advantages are its hemp fibers due to its
length, strength, durability, elasticity, and ability to withstand
high temperatures without degeneration. It also has antimicrobial
properties, as hemp is resistant to the growth of Aspergillus Niger
... a fungus and one of the most common species of the genus
Aspergillus. It causes a disease called black mold and is
ubiquitous in soil, commonly reported from indoor environments.
Furthermore, hemp can be grown without or very minimal herbicides
and pesticides.
In comparing hemp to cotton, a textile used in producing many
garments, studies show cotton uses about 50% of the world's
toxic crop chemicals and not only is hemp stronger, but it lasts
longer, is more absorbent, warmer, breathes better, and is more
microbially-resistant. Not to mention, hemp requires only a third
as much water as cotton to grow and only a tiny fraction of the
fertilizer, pesticide and herbicide that cotton does.
Aside from IHMMCC, Hemp, Inc. is poised to have Hemp, Inc.
(http://www.hempinc.com) become the 'Amazon' of the hemp world, as
they expect continued rapid growth in the industry. Their
website is the definitive portal for all other hemp company
products.
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.
Contact:
855-HempOut
email: info@hemp.comhttp://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)
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