As an investor in Hemp Inc you know the huge opportunities in the industrial hemp sector. In 2015, the U.S. hemp market was estimated at $500 million — and that was just in hemp food and beauty products. The U.S. hemp industry is projected to growth 25% per year to an estimated $1.5 billion market by 2020 with the largest growth in the industrial sector (source: HempBizJournal.com.)
At our Hemp Inc. subsidiary, Industrial Hemp Manufacturing in North Carolina, we diligently spent the past year preparing the largest hemp processing plant in the U.S. Our factory will separate the hemp crop’s outside fiber from the woody core or “hurd” to produce products that can be used for many industrial purposes, such as the loss mitigation fluid and spill absorber for the oil and gas industry. In addition we can supply the processed hemp fiber as a highly-absorbant anti-microbrial animal bedding material, as a sustainable anti-fungal insulation replacement for fiberglass, or for “hempcrete” a plant-based replacement for concrete. Virtually any petroleum or fossil fuel-derived plastic product can be made from hemp, from counter tops in kitchens, to bicycles to skateboards to musical instruments to automotive parts, etc.
The primary stumbling block in the U.S. for domestically-sourced hemp to successfully compete with hemp currently being imported into the U.S. is industrial hemp is still classified as a controlled substance at the federal level. The U.S. is the only industrialized nation that does not allow hemp growing. However, there is a bill already in Congress that could make industrial hemp fully legal, and we are writing to ask for your help.
The National Hemp Association, (LINK to www.NationalHempAssociation.org), the trade association for the American hemp industry, is actively engaged in a Federal Campaign to pass the Industrial Hemp Farming Act of 2015 (H.R. 525 and S. 134) which will allow American farmers to grow industrial hemp on huge areas of farmland, the American industrial hemp industry to flourish, and our North Carolina factory to be used to its capacity.
Passage of this bill will:
• Enable American farmers to freely import seeds from outside the U.S. to grow millions of acres of American hemp without pesticides or herbicides, and using 1/3 the water needed for corn.
• Help America rebuild a multi-faceted industry that would generate tens of thousands of jobs for rural farmers and small businesses.
• Eliminate the federal confusion between marijuana and hemp, and clarify the myriad of beneficial uses of industrial hemp.
• Clear up the conflicting legal status around the use and sale of products made from hemp extractions.
• End the restrictions surrounding the transportation of seeds and live plants across state boundaries.
• Remove hemp from the Controlled Substances Act.
We are writing today to ask that you support your current investments by contributing to the National Hemp Association’s Federal Campaign (LINK to http://nhafederalcampaign.org/). The current cost of lobbying for this legislation, meeting with members of Congress and senior staff on the Hill, sponsoring travel by farmers and hemp experts to testify at meetings in Washington D.C., designing and printing educational materials (LINK to download PDF one-pager – see attached), and staff time to coordinate and work with state affiliates runs about $20,000-30,000 per month. We believe this bill has a good chance of moving to a hearing in this Congress based on the unprecedented support hemp has at the state level. More than half the United States – 29 states – have passed pro-hemp legislation and another dozen states have hemp bills in process.
Please DONATE (LINK to XXXXX on NHA website) to help support the NHA Federal Campaign and shore up your Hemp Inc investment. Hemp Inc will directly benefit from the success of this legislative effort, and you will be helping rural farming families across the U.S. make a living growing a sustainable cash crop that will help rebuild U.S. soil and can thrive in drought states.