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Hemp, Inc. Applauds Advancement of Hemp Bills in Indiana

SPRING HOPE, NC, March 02, 2018 (GLOBE NEWSWIRE) — Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest hemp mill in the western hemisphere, announced today that the Company applauds recent action taken by the Indiana General Assembly that brings the state closer to legalizing cannabidiol (CBD) oil and establishing an industrial hemp pilot program.

The Indiana House recently passed Senate Bill 52 by a unanimous vote of 93-0. SB-52 legalizes hemp-derived CBD oil with no more than 0.3 percent THC. Similar legislation, House Bill 1214, recently passed the Senate Corrections and Criminal Law Committee by a 6-2 vote. Differences between the bills will need to be resolved before it heads to the governor’s desk for his signature. In addition, the state’s House Bill 1137 would establish an industrial hemp pilot program.

“We support Indiana’s latest legislative actions that bring the state one step closer to legalizing hemp-derived CBD oil and creating an infrastructure for a viable hemp program that can create jobs and spur economic activity,” said Hemp, Inc. CEO Bruce Perlowin.

Hemp, Inc. announced in October, 2017, that the Company and its strategic farming partners were on the forefront of North Carolina’s first hemp harvest. In August, 2017, Hemp, Inc. announced the official launch of its NuAxon Tech CO2 Supercritical Extractor, purchased from NuAxon BioScience. Hemp, Inc. uses this device to process raw hemp into CBD extracts and oil as part of its strategic business model.

“As North Carolina becomes the hemp epicenter of the United States, with Hemp, Inc. planning to grow as much as 25,000 acres next year – more than the entire country combined in 2017 – we are deeply encouraging of states that are taking action to clarify hemp-derived CBD oil’s legal status while also creating an infrastructure for a hemp program that can lead to a resurgence of the family farm,” stated Perlowin.

Previously, Hemp, Inc. announced its support of the Alaska House of Representatives’ unanimous passage of a bill to legalize industrial hemp and establish a pilot program.

With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.

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“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. Watch as Hemp, Inc., the No. 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.
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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.

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Source: Hemp, Inc.