Hemp, Inc. Announcement
Industrial Hemp Industry Update and Announcements from Hemp, Inc.
SPRING HOPE, NC -- (Marketwired) -- 02/10/17 -- Hemp, Inc. (OTC PINK:HEMP) executives are pleased to update its shareholders on the booming industrial hemp industry across the globe and how it is set to stimulate the economy on a national and global scale. Bruce Perlowin, CEO of Hemp, Inc. says ramping up hemp production on American soil, in particular, will serve as a stimulus for many ancillary industries from packaging and distribution to logistics and marketing. "The industrial hemp industry creates a win-win for all," says Perlowin. However, until the federal ban is lifted in the U.S., organizations and advocates continue to educate the public on hemp and its benefits.
"There's a definite need for industrial hemp processing/manufacturing facilities and more education. Hemp, Inc. has the infrastructure in place now to help fill both those needs. Our hemp processing facility and mill operation is the only one of its magnitude in not only North America but the entire western hemisphere with 70,000 square feet, on over 9 acres in Spring Hope, North Carolina, and we are set to start holding informational and learning seminars at The Hemp University. With the only commercial processing facility in North America, Hemp, Inc. has the capacity to process millions of pounds of hemp fibers and stalks a year," said Perlowin.
With the capacity to process this much hemp commercially, states across America can plant thousands of acres of hemp without the worry of not being able to process it. According to a recent published article on MedicalMarijuanaInc.com, 10,000 acres of industrial hemp were planted during 2016 across 15 states. "Now into its fourth growing season, Kentucky has been a pioneer for hemp's resurgence in the U.S. Virginia recently harvested its very first hemp crop since the 1930s. Rhode Island just passed a law allowing anyone in the state to legally cultivate hemp. In an effort to help kick-start its own hemp industry, Pennsylvania'sDepartment of Agriculture recently launched a cost-share program to help farmers cover the costs associated with hemp projects." According to the Vote Hemp 2016 States Report also cited in the article, 31 states have established laws defining industrial hemp.
"More people are aware of the benefits of hemp and more states realize that the economic benefits of hemp production outweigh non-production. Therefore, hemp has become quite the sought after resource. We are definitely in the forefront leading the way as the hemp industry continues to burgeon," said David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC.
In Wyoming, House Bill 230 was approved by the House Judiciary Committee last week which could allow farmers to grow hemp. According to the Wyoming Tribune Eagle, the "Wyoming Department of Agriculture would be authorized to apply to the federal government for a permit to begin a hemp production program in Wyoming. Once that permission is granted, the department would oversee hemp production in the state, and farmers could apply to the department to be able to grow hemp." Since the House Judiciary Committee unanimously approved the bill, it will go to the full House of Representatives for consideration.
In Missouri, two bills (HB 83 and HB 170) were recently heard in the Missouri House Agriculture Committee. Both bills would create a system for licensing farmers to cultivate "a very low-THC variety of cannabis which would be useful for a wide variety of agricultural and industrial purposes." According to the ActivistPost.com article, HB 170 specifically "includes a provision allowing farmers to retain seeds for planting the year following a harvest." Generally, seeds are difficult to obtain in some states due to not being able to retain seeds. This causes farmers to rely on the federal Drug Enforcement Agency (DEA) for their supply. HB170, however, would not require growers to get federal permission to cultivate hemp in the state.
In northern New York, Gov. Andrew Cuomo has signed into law a measure permitting hemp producers to partner with colleges and universities in a research pilot program. The article published on Watertowndailytimes.com also mentioned that the development of a hemp processing facility in upstate New York could expand business opportunities for the people in the region. "Northern New York has two key components that fit well with hemp production. First, the amount of fertile land that we have to grow the crop and, second, the close proximity to a major transportation artery. The St. Lawrence River serves as a gateway to allow for the flow of goods coming and going from the Great Lakes and the Atlantic. Hemp production in Northern New York has the potential to serve as an economic propellant that can revitalize the economy of this area. The biggest industry in Northern New York is agriculture. By harnessing and tapping into this idea, we can strengthen our economy and create jobs."
And in New Mexico, politicians proposed legislature that would boost private-sector employment and stimulate economic growth by allowing the cultivation of industrial hemp in the state.
Internationally, hemp has also been growing in popularity as an ingredient in food products across the board, especially in the United Kingdom. According to an article published on Kamcity.com, one of Britain's largest manufacturers of hemp products reported seeing an increased interest, over the past 6 months, from mainstream brands to include hemp as an ingredient in products such as cereals, pies, wraps, etc. "This coincides with the current trend for increasing 'healthy' credentials for brands using plant-based ingredients, as they look to attract new customers by naturally increasing protein and Omega 3 content and removing allergens." This has been an increasing trend in the U.S. and is now trending oversees.
In Canada, hempseed acres are expected to increase significantly this spring. According to a recent published article on Producer.com, companies that contract hemp production expect seeded acres to top 150,000, which could set a new record. "Buyers and processors are contracting more production because demand for hemp is up and the industry has worked through a glut of product," according to the article. This could be due to South Korea becoming a major buyer of Canadian hempseed in 2016. Russ Crawford, Canadian Hemp Trade Alliance president said exports jumped from $600,000 to $45,000,000 this year. While Korean sales have levelled off, Canadians believe it's a launching pad to sell Canadian seed to places such as Japan, China, Taiwan and Thailand.
On Australia's east coast, a Sydney-based startup (Highland Hemp) landed a $14 million deal with an undisclosed Brazilian pharmaceutical company hoping to launch a hemp industry on Cape Breton Island. Highland Hemp president and chief executive officer Parker Rudderham said its company will have about 11,000 acres of hemp under cultivation this year. "With farmers under contract to grow hemp, Highland Hemp will produce oil from the stalk, package it in stainless steel tanks, and have these shipped to Brazil... Frankly, there's no reason why Cape Breton can't be to hemp what P.E.I. is to potatoes, except there's a lot more valued-added things you can do with hemp and there's a lot more money in hemp than potatoes. There are endless opportunities."
With the country's largest industrial hemp processing facility and milling operation underway, Hemp, Inc. (OTC PINK:HEMP) is strategically positioned as the leader of the re-emerging industrial hemp industry to process industrial hemp and manufacture products made from hemp, as well as Lost Circulation Material (LCM) and other absorbent materials.
Hemp, Inc. has also established "The Hemp University" and plans to educate attendees on key topics such as transitioning from traditional farming to organic farming, different hemp cultivar strains, how and where to get certified seeds, planting and harvesting industrial hemp, an in depth history of hemp and its many uses, agronomy, permaculture, ecological advantages and many more courses with an ever expanding curriculum. The first one of these seminars will be held on March 18, 2017. Hemp, Inc. (OTC PINK:HEMP) has secured an outstanding lineup of experts from at least a dozen states all over the country, including New York, Virginia, North Carolina, South Carolina, Nevada, Colorado, Oregon, Kentucky and more for the 2017 season.
For those interested in attending, teaching, touring the hemp field and hemp processing facility or showcasing your company's hemp products, at The Hemp University, visit www.thehempuniversity.com. Please visit the Facebook page for details on the seminar being held March 18, 2017 at its hemp processing facility in Spring Hope, North Carolina.
Lastly, Hemp, Inc. would like to acknowledge Craig Perlowin's resignation from its Board of Directors, effective January 27, 2017. Craig Perlowin has been with Hemp, Inc. through its developmental stage. As the company transitions into an operational stage, Craig Perlowin decided it is best for him to pursue other endeavors within the medical marijuana industry (an area that Hemp, Inc. is not involved in) and has expressed his sincere gratitude with being able to work with Hemp, Inc. up to this point. "It has truly been a pleasure to work with Craig and we wish him much success in his future endeavors," said Bruce Perlowin, CEO of Hemp, Inc.
Source...
Industrial Hemp Industry Update and Announcements from Hemp, Inc.
SPRING HOPE, NC -- (Marketwired) -- 02/10/17 -- Hemp, Inc. (OTC PINK:HEMP) executives are pleased to update its shareholders on the booming industrial hemp industry across the globe and how it is set to stimulate the economy on a national and global scale. Bruce Perlowin, CEO of Hemp, Inc. says ramping up hemp production on American soil, in particular, will serve as a stimulus for many ancillary industries from packaging and distribution to logistics and marketing. "The industrial hemp industry creates a win-win for all," says Perlowin. However, until the federal ban is lifted in the U.S., organizations and advocates continue to educate the public on hemp and its benefits.
"There's a definite need for industrial hemp processing/manufacturing facilities and more education. Hemp, Inc. has the infrastructure in place now to help fill both those needs. Our hemp processing facility and mill operation is the only one of its magnitude in not only North America but the entire western hemisphere with 70,000 square feet, on over 9 acres in Spring Hope, North Carolina, and we are set to start holding informational and learning seminars at The Hemp University. With the only commercial processing facility in North America, Hemp, Inc. has the capacity to process millions of pounds of hemp fibers and stalks a year," said Perlowin.
With the capacity to process this much hemp commercially, states across America can plant thousands of acres of hemp without the worry of not being able to process it. According to a recent published article on MedicalMarijuanaInc.com, 10,000 acres of industrial hemp were planted during 2016 across 15 states. "Now into its fourth growing season, Kentucky has been a pioneer for hemp's resurgence in the U.S. Virginia recently harvested its very first hemp crop since the 1930s. Rhode Island just passed a law allowing anyone in the state to legally cultivate hemp. In an effort to help kick-start its own hemp industry, Pennsylvania'sDepartment of Agriculture recently launched a cost-share program to help farmers cover the costs associated with hemp projects." According to the Vote Hemp 2016 States Report also cited in the article, 31 states have established laws defining industrial hemp.
"More people are aware of the benefits of hemp and more states realize that the economic benefits of hemp production outweigh non-production. Therefore, hemp has become quite the sought after resource. We are definitely in the forefront leading the way as the hemp industry continues to burgeon," said David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC.
In Wyoming, House Bill 230 was approved by the House Judiciary Committee last week which could allow farmers to grow hemp. According to the Wyoming Tribune Eagle, the "Wyoming Department of Agriculture would be authorized to apply to the federal government for a permit to begin a hemp production program in Wyoming. Once that permission is granted, the department would oversee hemp production in the state, and farmers could apply to the department to be able to grow hemp." Since the House Judiciary Committee unanimously approved the bill, it will go to the full House of Representatives for consideration.
In Missouri, two bills (HB 83 and HB 170) were recently heard in the Missouri House Agriculture Committee. Both bills would create a system for licensing farmers to cultivate "a very low-THC variety of cannabis which would be useful for a wide variety of agricultural and industrial purposes." According to the ActivistPost.com article, HB 170 specifically "includes a provision allowing farmers to retain seeds for planting the year following a harvest." Generally, seeds are difficult to obtain in some states due to not being able to retain seeds. This causes farmers to rely on the federal Drug Enforcement Agency (DEA) for their supply. HB170, however, would not require growers to get federal permission to cultivate hemp in the state.
In northern New York, Gov. Andrew Cuomo has signed into law a measure permitting hemp producers to partner with colleges and universities in a research pilot program. The article published on Watertowndailytimes.com also mentioned that the development of a hemp processing facility in upstate New York could expand business opportunities for the people in the region. "Northern New York has two key components that fit well with hemp production. First, the amount of fertile land that we have to grow the crop and, second, the close proximity to a major transportation artery. The St. Lawrence River serves as a gateway to allow for the flow of goods coming and going from the Great Lakes and the Atlantic. Hemp production in Northern New York has the potential to serve as an economic propellant that can revitalize the economy of this area. The biggest industry in Northern New York is agriculture. By harnessing and tapping into this idea, we can strengthen our economy and create jobs."
And in New Mexico, politicians proposed legislature that would boost private-sector employment and stimulate economic growth by allowing the cultivation of industrial hemp in the state.
Internationally, hemp has also been growing in popularity as an ingredient in food products across the board, especially in the United Kingdom. According to an article published on Kamcity.com, one of Britain's largest manufacturers of hemp products reported seeing an increased interest, over the past 6 months, from mainstream brands to include hemp as an ingredient in products such as cereals, pies, wraps, etc. "This coincides with the current trend for increasing 'healthy' credentials for brands using plant-based ingredients, as they look to attract new customers by naturally increasing protein and Omega 3 content and removing allergens." This has been an increasing trend in the U.S. and is now trending oversees.
In Canada, hempseed acres are expected to increase significantly this spring. According to a recent published article on Producer.com, companies that contract hemp production expect seeded acres to top 150,000, which could set a new record. "Buyers and processors are contracting more production because demand for hemp is up and the industry has worked through a glut of product," according to the article. This could be due to South Korea becoming a major buyer of Canadian hempseed in 2016. Russ Crawford, Canadian Hemp Trade Alliance president said exports jumped from $600,000 to $45,000,000 this year. While Korean sales have levelled off, Canadians believe it's a launching pad to sell Canadian seed to places such as Japan, China, Taiwan and Thailand.
On Australia's east coast, a Sydney-based startup (Highland Hemp) landed a $14 million deal with an undisclosed Brazilian pharmaceutical company hoping to launch a hemp industry on Cape Breton Island. Highland Hemp president and chief executive officer Parker Rudderham said its company will have about 11,000 acres of hemp under cultivation this year. "With farmers under contract to grow hemp, Highland Hemp will produce oil from the stalk, package it in stainless steel tanks, and have these shipped to Brazil... Frankly, there's no reason why Cape Breton can't be to hemp what P.E.I. is to potatoes, except there's a lot more valued-added things you can do with hemp and there's a lot more money in hemp than potatoes. There are endless opportunities."
With the country's largest industrial hemp processing facility and milling operation underway, Hemp, Inc. (OTC PINK:HEMP) is strategically positioned as the leader of the re-emerging industrial hemp industry to process industrial hemp and manufacture products made from hemp, as well as Lost Circulation Material (LCM) and other absorbent materials.
Hemp, Inc. has also established "The Hemp University" and plans to educate attendees on key topics such as transitioning from traditional farming to organic farming, different hemp cultivar strains, how and where to get certified seeds, planting and harvesting industrial hemp, an in depth history of hemp and its many uses, agronomy, permaculture, ecological advantages and many more courses with an ever expanding curriculum. The first one of these seminars will be held on March 18, 2017. Hemp, Inc. (OTC PINK:HEMP) has secured an outstanding lineup of experts from at least a dozen states all over the country, including New York, Virginia, North Carolina, South Carolina, Nevada, Colorado, Oregon, Kentucky and more for the 2017 season.
For those interested in attending, teaching, touring the hemp field and hemp processing facility or showcasing your company's hemp products, at The Hemp University, visit www.thehempuniversity.com. Please visit the Facebook page for details on the seminar being held March 18, 2017 at its hemp processing facility in Spring Hope, North Carolina.
Lastly, Hemp, Inc. would like to acknowledge Craig Perlowin's resignation from its Board of Directors, effective January 27, 2017. Craig Perlowin has been with Hemp, Inc. through its developmental stage. As the company transitions into an operational stage, Craig Perlowin decided it is best for him to pursue other endeavors within the medical marijuana industry (an area that Hemp, Inc. is not involved in) and has expressed his sincere gratitude with being able to work with Hemp, Inc. up to this point. "It has truly been a pleasure to work with Craig and we wish him much success in his future endeavors," said Bruce Perlowin, CEO of Hemp, Inc.
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