Hemp, Inc. Local and National News Coverage The

Hemp, Inc. Local and National News Coverage

The Marijuana Business Daily posted an article, Sessions’ Marijuana Antagonism Spooks Hemp Industry, But Some See Silver Lining, on Jan. 16, 2018 which gave insightful, prudent information on the industrial hemp industry post-U.S. Attorney General Jeff Sessions’ decision to rescind the Cole Memo – a 2013 Department of Justice document – which increased some legal protections for businesses operating in states that allow and regulate cannabis sales. The article not only quoted Hemp, Inc. CEO, Bruce Perlowin saying, “[Sessions’ decision to rescind] … is an incredible opportunity for the hemp industry, because hemp is the safe bet,” but it also drove home that “hemp’s legal status has nothing to do with Sessions’ announcement.” It’s important to note that hemp production “has been enshrined into law by Congress through the 2014 Farm Bill.” This means “the Department of Justice can’t go after hemp growers or processors abiding by the terms of state hemp rules.” It’s the “public’s perception” of hemp that was affected, not hemp’s legal status. “Hemp’s inclusion in the 2014 Farm Bill means its legal status can’t be usurped by an agency memo.” Hemp entrepreneurs “believe the industry could even capitalize on Sessions’ antagonism to marijuana” because “it underscores hemp’s legal certainty.”

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