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Hemp, Inc. (HEMP): Industrial Hemp Could be Legal

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Post# of 990
Posted On: 10/30/2015 6:51:30 PM
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Posted By: QualityStocks
Hemp, Inc. (HEMP): Industrial Hemp Could be Legal in North Carolina at Midnight Tonight

Hemp, Inc. this morning issued an update regarding the ongoing push for legalization of industrial hemp in North Carolina, along with rising interest and awareness of the Hemp, Inc. brand, subsidiary and decortication facility.

In the news release, Hemp, Inc. cites an article in The News and Observer written by Colin Campbell, which reports that industrial hemp could be legal in North Carolina tonight. As previously reported, the Industrial Hemp Bill in North Carolina (Senate Bill 313) passed the state’s House and Senate last month and now awaits Governor Pat McCrory’s signature. According to The News and Observer article, unless the governor vetoes it before midnight, it will become law without his signature at midnight Friday.

Campbell also references Hemp, Inc.’s multipurpose industrial hemp processing facility in Spring Hope, North Carolina, writing that North Carolina is “home to one of the country’s only decortication plants, a facility that processes hemp to sell to textile manufacturers and other users. The multimillion-dollar plant is set to start production within months at a cavernous warehouse outside the small Nash County town of Spring Hope.”

Once legalized, North Carolina will be home to the only industrial hemp commercial decortication facility in the United States – and Hemp, Inc. will be at the forefront of this important breakthrough. While many other had abandoned the belief that North Carolina would legalize hemp, Hemp, Inc. CEO Bruce Perlowin stayed firm to his belief otherwise and kept his plant in the state.

“We were being wooed to move the plant to South Carolina, Kentucky, Colorado, and even Canada,” he says. “However, I knew the legalization of industrial hemp in North Carolina could not be that far off. We would happily process the millions of pounds of kenaf, inherited with the purchase of the decortication equipment, while we waited for hemp to be legalized. And now, it seems that day starts at midnight for the state of North Carolina.”

David Schmitt, COO of Hemp, Inc.’s subsidiary, Industrial Hemp Manufacturing, LLC was also featured in a video explaining the manufacturing process of the decortication facility and what the company expects to accomplish once the clock strikes 12.

The company has also rebuilt one of its two mills, to be used in the manufacture of Drillwall LCMs. The first of the portable decortication plants have also arrived at Hemp, Inc.’s facility, which will allow Hemp, Inc. to help farmers decorticate their crops in states too far away to utilize Hemp, Inc.’s processing facilities.

Hemp, Inc. also said it will build a testing lab to house new product development testing and testing raw hemp materials, fibers and hemp-based products. This will position the company’s decortication facility as the nation’s only commercial testing lab for industrial hemp.

Bob Hughes, VP of Hemp, Inc.’s Sales and Marketing, said, “I don’t know of any other industrial hemp testing labs in North America except in Manitoba and other places in Canada… none here in the United States. We will be the first. Additionally, as the plant approaches the final phase of completion, we are reaching out to our contacts, which are some of the largest petroleum, oil and gas companies in the world. We will truly be the leaders of the industrial hemp industry.”

The testing lab and equipment will enable the production of bio-based polymers, and a powdery kenaf or hemp substance, a key component in products that will be produced in the facility. All of the raw materials will also be a natural, organic alternative to chemical-based compounds.

“What we will be manufacturing is what you would consider ‘food grade’… natural, bio-organic and non-toxic. We do everything green and will be testing for the quality of products we produce. Quality assurance is our primary goal for our customer base,” said Hughes.

Striving to update the public on hemp, its many uses, and the company’s operations, Industrial Hemp Manufacturing, LLC on November 4, 2015, will host the Weed 4 Warriors at its facility in Spring Hope. Weed 4 Warriors will be given a plant tour, and Q&A time after educating them on the vast number of products that can be manufactured from Industrial Hemp.

For more information visit www.hempinc.com

Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com


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