Hemp, Inc., America's First All-Industrial Hemp Public Company, Applauds the U.S. House of Representatives for Legalizing the...
2014年1月31日 - 5:00PM
For the first time in decades, the Federal government is allowing
farmers to cultivate hemp. As of Wednesday, January 29, 2014,
pursuant to the passage of the farm bill, the cultivation of
industrial hemp is legal on a Federal level and is clearing the way
for industrial hemp pilot programs in states such as Colorado,
Washington, California, Kentucky, Maine, Montana, North Dakota,
Oregon, Vermont and West Virginia, where growing the plant is
legal.
The bill was originally introduced as an amendment by
Representatives Jared Polis (D-CO), Thomas Massie (R-KY) and Earl
Blumenauer (D-OR). The provision allows universities, and now also
state departments of agriculture, to grow hemp for academic or
agricultural research purposes, however, it only applies to states
where industrial hemp farming is already legal under state law.
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 for Kentucky farmers."
Bruce Perlowin, CEO of Hemp, Inc. said, "I said it before and
I'll say it again... these are monumental steps for the industry.
What we are all trying to get people to understand is that this
will finally unlock a clean 'American Industrial Revolution' that
will not only be economically sound, but environmentally
advantageous." Soon companies like Hemp, Inc. (OTC:HEMP) will not
have to import their hemp fabrics, hemp seeds, hemp hearts and hemp
hurd for their hemp products.
According to the Associate Press article, written by Kristen
Wyatt, "The plant's return to legitimacy could clear the way for
U.S. farmers to compete in an industry currently dominated by
China. Even though it hasn't been grown in the U.S., the country is
one of the fastest-growing hemp markets."
In 2011, the U.S. imported $11.5 million worth of legal hemp
products, up from $1.4 million in 2000. Most of that growth was
seen in hemp seed and hemp oil, which finds its way into granola
bars and other products." Other estimates place the U.S. 2013 hemp
sales at half a billion dollars ($500 million).
Hemp has thousands of uses. From rope and clothing to soap and
lotions and nutritional additives in everything from milk to
cooking oil. Presidents George Washington and Thomas Jefferson grew
hemp before the Federal government banned the plant in its
anti-drug efforts through the 1970 Controlled Substances Act.
According to the aformentioned article, it wasn't until 1999 that
the Drug Enforcement Administration (DEA) issued a hemp permit for
an experimental plot in Hawaii on a quarter acre of land.
Now the passing of the farm bill is a big first step towards
allowing American farmers to once again grow industrial hemp, and
giving Hemp, Inc. enormous new economic opportunities.
Hemp, Inc.'s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC: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.hempinc.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.hempinc.tv (media and entertainment division)
http://www.marijuanaincorporated.com http://www.marijuana.tv
http://www.cartelblue.com (eco-friendly clothing)
http://www.ecoharmonycard.com (loyalty card sustainable fundraiser
for non-profits) http://www.supportpatchadams.com (hemp gemstone
candles and fundraiser for patch adams)
CONTACT: phone: 1-855-HEMPOUT
email: info@hemp.com
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