LAS VEGAS, NV–(Marketwired – Jun 22, 2016) – As hemp legalization continues to make major inroads in the industrial hemp industry across America, Hemp, Inc. (OTC PINK: HEMP) is pleased to report that Rhode Island’s legislature has passed a bill to “legalize the production and processing of industrial hemp for commercial purposes in the state.” According to the Rhode Island General Assembly, HB 8232, which may also be cited as Rhode Island’s “Hemp Growth Act”, would take effect on January 1, 2017 and would permit the growth of hemp by properly licensed individuals that have applied and met the requirements and would also allow higher educational institutions to grow hemp for educational and research purposes pending approval from the Department of Health.
In an article posted by The Tenth Amendment Center, the bill was initially introduced on May 19, 2016 as legislation that “would have allowed state-licensed representatives of the Narragansett Indian Tribe to produce, possess, distribute, and commercially trade industrial hemp. In a rapid series of events, the bill was amended in the House Committee of Health Education and Welfare to apply to everybody. On June 17, the House passed the amended bill 71-0. The Senate concurred the next day by a 26-7 margin.”
Rhode Island Governor Gina Raimondo will either sign or veto the bill. As with North Carolina, if she doesn’t act, the bill will become law without her signature. Many believe this law is yet another stepping stone in nullifying federal prohibition of hemp.
Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, “Yesterday, it was New York. Today, it’s Rhode Island. This shows the hemp revolution is unstoppable and relentless. More and more states are realizing how important hemp is to the American culture with its amazing economic benefits as demand for hemp in the marketplace continue to grow by leaps and bounds.”
The Hemp Grow Act would prohibit Rhode Island’s Business Regulation department from adopting any rules prohibiting a person or entity from growing or distributing hemp based on the legal status of hemp under federal law. While specific language in the bill acknowledges federal prohibition on hemp, the language also asserts that the state can legally dictate its own policy notwithstanding federal law.
Hemp, Inc.’s press release yesterday reported on New York’s passage of Bill (A9310/S6960). This bill would allow for the “transportation, processing, sale, and distribution of industrial hemp” as part of the State’s research pilot program.
The first half of 2016 has been amazing.
In January, with a unanimous approval in both chambers of legislature, Nevada made it legal to cultivate hemp under current federal guidelines.
Virginia House of Delegates passed a bill to authorize the farming and production of industrial hemp in the state for commercial purposes with a 98-0 vote.
Kansas‘ Senate Bill 147 would legalize hemp oil for treating seizure disorders.
In Maine, a new law authorizes individuals and businesses to engage in the farming, production, and commerce of hemp in Maine.
In February, South Dakota House of Representatives approved a bill that would allow the cultivation of industrial hemp in the state of South Dakota.
In March, Hawaii passed a bill “that would allow the state Department of Agriculture to create pilot research programs for industrial hemp are moving through both chambers of the state Legislature.”
In Oregon’s 2016 legislative session, lawmakers passed agriculture-related bills which included allowing growers to cultivate hemp in greenhouses and “propagate it from cuttings under House Bill 4060, which eliminates the requirement that the crop be directly seeded in fields of at least 2.5 acres.”
In Washington, state legislature also passed a bill that would allow licensed growers to produce industrial hemp in Washington as part of a research program.
Pennsylvania Senate voted 49-0, a unanimous vote, in favor of industrial hemp to provide for an industrial hemp cultivation pilot program in the Commonwealth through the establishment of an Industrial Hemp Licensing Board within Pennsylvania’s Department of Agriculture.
In April, Missouri’s House of Representatives passed industrial hemp bill HB 2038 which is set to legalize and regulate the cultivation of industrial hemp in the state of Missouri.
Alabama House and Senate passed an industrial hemp bill that would authorize the Department of Agriculture and Industries to administer an industrial hemp research program.
Louisiana’s House Agriculture Committee approved two bills to the House floor, HB1085 and HB1099 which authorizes institutions of higher education to develop a pilot program to study the growth, cultivation or marketing of industrial hemp for agricultural or academic research.
Hemp, Inc. also reached a few milestones. The company had announced its first Kenaf harvest from its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, in Spring Hope, North Carolina. One hundred fifty acres of Kenaf were cut, raked, baled and transported to Hemp, Inc.’s 70,000 square foot industrial hemp processing facility where it was weighed, stored and paid for. It went from seed, to harvest, to paying the farmers. With the company’s 150-acre Kenaf crop, it was able to inject revenue into the local farming community.
Hemp, Inc.’s 70,000 square foot multipurpose industrial hemp processing plant is in its final stages of completion. Spread over 9 acres, the processing facility makes up the central spoke of our North Carolina Hemp Hub. To see video footage of America’s largest commercial hemp processing facility click here.
ABOUT THE NATIONAL HEMP ASSOCIATION
The National Hemp Association is a Colorado-based 501(c)6 trade association that supports the growth and development of all aspects of the emerging industrial hemp industry. NHA members include hemp farmers, processors, manufacturers, researchers, policy makers, elected and appointed officials, investors, and citizens who are in favor of the re-birth of industrial hemp as a major U.S. cash crop and sustainable agricultural commodity. Industrial hemp can provide significant jobs for farmers and small businesses and stimulate economic development for every state in the U.S.
SUBSCRIBE TO HEMP, INC.’S VIDEO UPDATES
“Hemp, Inc. Presents” is capturing the historic, monumental re-creation of the hemp decorticator today as America begins to evolve into a cleaner, green, eco-friendly sustainable environment. What many see as the next American Industrial Revolution is actually the Industrial Hemp Revolution. Join “Hemp, Inc. Presents” and join the hemp revolution.
Watch as Hemp, Inc., the #1 leader in the industrial hemp industry, engages its shareholders and the public through each step in bringing back the hemp decorticator as described in the “Freedom Leaf Magazine” article “The Return of the Hemp Decorticator” by Steve Bloom. Freedom Leaf Magazine, a leading cannabis industry magazine is published by the public company, Freedom Leaf Magazine, Inc. “Hemp, Inc. Presents” is accessible 24 hours a day, 7 days a week, by visiting hempinc.com. To subscribe to the “Hemp, Inc. Presents” YouTube channel, be sure to click the subscribe button.
Subscribers will automatically get an email from YouTube every time a new Hemp, Inc. video update is posted along with suggestions of other similar videos. Stay up-to-date with the progress of Hemp, Inc.’s multipurpose industrial hemp processing plant while being educated on the industrial hemp industry. Our video update views are collectively reaching over a thousand views per week. Stay informed by subscribing to Hemp, Inc.’s video updates. Hemp, Inc. is positioning itself to be the avant-garde of the industrial hemp industry and processing industrial hemp.
HEMP NATION MAGAZINE
HempNationMagazine.com (HNM) is published by Hemp, Inc. and focuses on informing, educating, raising awareness and connecting the public to the powerful world of HEMP. HNM reports on Politics, Industrial Growth, Banking, Distribution, Medical, Lifestyles and Legalization. HNM is your source for all things HEMP and news about this emerging multi-billion-dollar industry. For more information on HNM, visitwww.HempNationMagazine.com.
ABOUT INDUSTRIAL HEMP
Hemp is a durable natural fiber that is grown as a renewable source for raw materials that can be incorporated into thousands of products. It’s one of the oldest domesticated crops known to man. Hemp is used as a nutritional food product for humans and pets, building materials, paper, textiles, cordage, organic body care and other nutraceuticals, just to name a few. It has thousands of other known uses. A hemp crop requires half the water alfalfa uses and can be grown without the heavy use of pesticides.
Farmers worldwide grow hemp commercially for fiber, seed, and oil for use in a variety of industrial and consumer products. The United States is the only developed nation that fails to cultivate industrial hemp as an economic crop on a large scale, according to the Congressional Resource Service. However, with rapidly changing laws and more states gravitating towards industrial hemp and passing an industrial hemp bill, that could change. Currently, the majority of hemp sold in the United States is imported from China and Canada, the world’s largest exporters of the industrial hemp crop.
HEMP, INC.’S TRIPLE BOTTOM LINE
Hemp, Inc. (OTC PINK: HEMP) seeks to benefit many constituencies from a “Cultural Creative” perspective, thereby not exploiting or endangering any group. CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. Thus, the publicly traded company believes in “up streaming” a portion of its profits back to its originator, in which some cases will one day be the American small farmer — cultivating natural, sustainable products 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 — the triple bottom line approach can be an important tool to support its sustainability goal.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.