VA Next State to Legalize Industrial Hemp Manufacturing

LAS VEGAS, NV–(Marketwired – Mar 11, 2016) – Hemp, Inc. (OTC PINK: HEMP) executives are pleased to announce that Virginia’s Governor, Gov. Terry McAuliffe, signed HB699/SB691 into law on February 29, 2016, which now makes it lawful for farming, processing and manufacturing industrial hemp for products or research purposes for those with a license. The license, once obtained, will be valid for four years with a maximum two hundred fifty dollar license fee. The law is set to take effect July 1, 2016.

Only 2-3 hours away from Virginia, Hemp, Inc.’s hemp processing facility in Spring Hope, North Carolina will serve as one option for Virginia farmers to have their crop decorticated on a commercial scale… a very viable option. To see industrial hemp in the local news sweeping across America from Virginia to Florida, and more, click here.

Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, “This brings a wealth of opportunity for Hemp, Inc. and the farmers.” According to the Virginia Industrial Hemp Coalition (VIHC), the new law “is already starting to bring businesses to Virginia as they see clarity and a path to implement their business plans.”

According to Virginia’s Legislative Information System, the bill “clarifies that it is lawful for a person with a license to manufacture industrial hemp products or engage in scientific, agricultural, or other research involving the applications of industrial hemp and that no person shall be prosecuted for the possession, cultivation, or manufacture of industrial hemp plant material or products. The current law authorizes the Board of Agriculture and Consumer Services to adopt regulations necessary to license persons to grow industrial hemp or administer a research program. The bill requires the Commissioner of Agriculture and Consumer Services to establish a licensure program, with a maximum license fee of $250.”

Virginia now joins other states such as California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Kentucky, Indiana, Maine, Michigan, Missouri, Nevada, New York, North Carolina, Maine, Oregon, Utah, Minnesota, Missouri, Tennessee, North Dakota and others. To see the full list of states pro hemp, visit Norml.org.

In other industrial hemp news, as reported by the Las Vegas Review Journal, the Nevada legislative subcommittee gave final approval today to regulations overseeing industrial hemp test plots. According to the Nevada Department of Agriculture, the agency has already received a handful of applications to grow the plant and expects to receive more. “Senate Bill 305, passed by the 2015 Legislature, allows limited growing of hemp for research. The regulations require a $500 application fee to cover the administrative costs of overseeing the project. Additionally, the department will charge $1 for every pound of seed purchased, as well as $1 per acre to pay for pre-harvest inspections.”

In Gunter, Texas, a new business is planning on transforming a “dilapidated cotton gin warehouse into a facility that will cultivate hemp and extract and process its oil for medical treatments.” According to the Herald Democrat, the business will “harvest hemp oil for it cannabidiol properties” to help people who suffer from epilepsy.

In Missouri, Rep. Paul Curtman and Rep. Craig Redmon, are pushing for the state to join the 28 other states that have allowed industrial hemp cultivation under the Farm Bill. The House select committee on agriculture passed two bills on Wednesday in the executive session that would allow Missouri farmers to grow industrial hemp. Currently, Missouri businesses are allowed to import industrial hemp but not grow it themselves. Representative Curtman was quoted saying, “It’s important, I believe, for our farmers to be able to grow it in our state so our tax dollars and farming dollars and investment dollars stay in our state.”

In Florida, universities may be able to conduct research on industrial hemp due to a bill lawmakers are working to allow industrial hemp production. Dwight Dudley, state representative was quoted saying, “That research will help maybe result in some patents from the universities and they’ll be able to make money from that and help the people.”

For more industry news, visit HempIncPresents.com.

David Schmitt, COO of Hemp, Inc.’s hemp processing facility Industrial Hemp Manufacturing, LLC, said, “We are optimistic our decortication line and mill will be up and running soon. More states are unfolding pro-hemp legislature which means there will be endless opportunities for our decortication plant. We not only have the only commercial decortication facility in America, we are amassing an arsenal of portable decorticators to deploy to more and more farmers as they begin to grow hemp.”

Hemp, Inc.’s portable decorticators will help process fiber on location without having to ship the hemp stalks to its facility in Spring Hope, North Carolina. This creates additional revenue streams for Hemp, Inc. and revenue for the farmers. Any farmer, in any state, interested in Hemp, Inc.’s portable decorticator machine can contact info@hempinc.com.

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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 www.hempincpresents.com. To subscribe to the “Hemp, Inc. Presents” YouTube channel, visit: http://www.hempincpresents.com.

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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 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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