LAS VEGAS, NV–(Marketwired – Mar 22, 2016) – Hemp, Inc. (OTC PINK: HEMP) updates its shareholders on how the legalization of medical marijuana is burgeoning. In a failed attempt to push back the marijuana laws last week, state attorneys of Nebraska and Oklahoma took to the Supreme Court in a lawsuit against Colorado complaining that “illegal marijuana was pouring into their states as a result of Colorado’s liberalized laws.” The Supreme Court, however, in a vote of 6 – 2, rejected the lawsuit. If the decision had gone the other way, cannabis supporters believed it would have set back the movement to legalize medical marijuana and the progress that has already been made.
Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, “While Hemp, Inc. is not involved with medical marijuana, we support the industry and legalization of medical marijuana. As more doors open for medical marijuana and recreational marijuana, even more doors open within the industrial hemp industry. Just last week, Pennsylvania House of Representatives passed legislation to legalize medical marijuana and the Pennsylvania Senate unanimously passed the industrial hemp bill. As you recall, Texas was one step closer to joining Alaska, Oregon, Colorado, and Washington as the 5th state to legalize marijuana.”
Last year, the Texas House Criminal Jurisprudence Committee approved House Bill 2165 which would legalize the purchase and/or sale of recreational marijuana. HB 2165, which passed with a vote of 5 – 2, was followed by a previous bill that favored the decriminalization of marijuana. According to a Texas liberal group spokesperson, “Marijuana policy reform continues to make unprecedented progress.”
While legalizing industrial hemp is economically advantageous for America, the legalization of medical marijuana seems to be equally as strong economically. Sources say the cannabis industry can reach upwards of 22 billion dollars by the year 2020 that could result from the compounded effects of legalization of marijuana throughout the nation. As the industry becomes “more and more palatable to communities around the nation,” job growth and tax revenues inevitably increase.
Thus far in the United States, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Indiana, Kentucky, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New York, North Carolina, North Dakota, Oregon, South Carolina, Tennessee, Utah, Vermont, Washington, West Virginia, and Virginia have adopted pro hemp laws. Alaska, Oregon, Colorado, and Washington have legalized marijuana.
“There is strong support from Americans for the legalization of hemp industry and the medical marijuana industry. Eventually, I believe both industries will be legal in all 50 states in the next months and years to come,” said Craig Perlowin, Secretary of Hemp, Inc. (OTC PINK: HEMP).
It’s all about forward movement and progress, commented David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC. “To date, we have made a lot of progress with our decortication plant and milling facility. In the last 2 weeks, we have purchased and delivered to the plant, a truck scale to weigh the incoming loads of raw kenaf (and soon industrial hemp). The scale will also be used for all inbound raw materials shipment and all outbound finished products. All of the excavating and concrete work needed to install the new truck scale has also been completed. We’re currently running conduit and all of the electrical wiring needed to hook up the new truck scale. The installation of the scale is set for Monday, March 28, 2016.”
Schmitt continued, “We have also started harvesting last year’s Kenaf crop which should be complete in the next 14 days. This is a hallmark moment for Hemp, Inc. The overall electrical work is continuing at a very fast pace and the wiring of the milling machinery will be done soon.”
Due to abnormal rain fall in the Spring Hope area, installation of the 60-foot tall silo was put on hold. However, weather permitting, executives are looking at late next week to erect the silo.
Executives from Industrial Hemp Manufacturing, LLC and Hemp, Inc. will also be attending the Ark LA-Tex Oilfield Expo in Shreveport, LA March 30 and 31st. With the plant this close to being completed, Hemp, Inc. executives feel that it’s time to start focusing on the marketing of the company’s LCMs (Drillwall) and environmental clean up product (SpillSuck) to the oil industry. In this effort, we will be attending our first oil field expo where many of the buyers, contacts, and other interested parties in our particular products will be there in abundance. We hope to make marketing inroads into this sector with our new clean and green environmental products for the oil companies.
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HEMP NATION MAGAZINE
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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.
ABOUT INDUSTRIAL HEMP AND MEDICAL MARIJUANA CONSULTING COMPANY (IHMMCC)
This lucrative division of Hemp, Inc. is once again picking up momentum. The Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) is a wholly owned subsidiary of Hemp, Inc. that pulls industry information from a vast network of specialists. IHMMCC is entrenched primarily in all the multi-faceted opportunities of the Industrial Hemp industry while also maintaining professional contacts in the medical marijuana sector. As the country transitions to embrace more sustainable agricultural practices, public and private companies want to expand into the industrial hemp industry and consulting services from IHMMCC are helping them in leading the way.
IHMMCC’s most recent agreement is with FutureLand Corp, a leading provider of strategic real estate investment, grow facilities and material solutions to the global cannabis industry. Per the Consultant Agreement, IHMMCC will provide consulting services specific to the Industrial Hemp/Medical Marijuana Industry in the area of sales and marketing strategy, public company venues, and general industry specific business guidance to FutureLand Corp. For more information on FutureLand Corp, visit their website here.
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.
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