LAS VEGAS, NV--(Marketwired - Jun 21, 2016) - Hemp, Inc. (OTC PINK: HEMP) executives update its shareholders and potential shareholders on the industrial hemp industry's "material news" as states continue to pass legislation in favor of industrial hemp. New York Assemblywoman Donna Lupardo and Senator Tom O'Mara announced last week the passage of Bill (A9310/S6960) that would allow for the "transportation, processing, sale, and distribution of industrial hemp" as part of the State's research pilot program.
Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, "This is a hemp revolution and nothing can stop it. Hemp, Inc. is positioned at the forefront of the industrial hemp industry with the largest commercial decorticating plant in the United States. Not only are states recognizing the benefits of industrial hemp, they are acting on it by passing favorable legislation. The demand for this environmentally friendly natural fiber is increasing by leaps and bounds."
Passed unanimously by the Assembly on June 2, 2016, the bill then passed the Senate last week. According to NYAssembly.gov, Assemblywoman Donna Lupardo said, "I am very encouraged by the interest being expressed by farmers and research institutions across New York State. Industrial hemp will benefit not only local agriculture, but has the potential for numerous manufacturing opportunities in the Southern Tier and throughout the state."
The National Hemp Association (NHA) with the support of Micah Nelson, Willie Nelson's son, has also launched a Petition to Congress on Change.org to collect signatures in support of the Industrial Hemp Farming Act (S.134 and H.R. 525). The Petition is gaining signatures at a rate of 10,000 per day. NHA will be delivering signatures to key members of Congress once a critical mass of names is reached this summer. (To add your voice to this Petition, click here.)
Back in May, a diverse group of hemp organizations and hemp businesses gathered in Washington D.C. to coordinate their efforts to support pro-hemp federal legislation and find ways to collaborate. This historic stakeholder gathering agreed that the bill with the best chance of passing is the Industrial Hemp Farming Act (IHFA). This bill would make hemp fully legal at the federal level, and bring significant jobs and economic development to rural farming families.
For centuries, industrial hemp has been used to produce rope, textiles, paper and many other consumer products but has been illegal in America for years. "Hemp, Inc.'s decision to purchase the decorticator, when it did, and build the largest commercial industrial hemp processing facility in America was a sound strategic decision," said Craig Perlowin, Secretary of Hemp, Inc. "Bruce Perlowin is a visionary. Back then, many wondered why someone would build a hemp processing facility, in a state where hemp was not even legal. There is only one thing that remains constant, and that is 'change'. And that is exactly what happened... change. Now Bruce Perlowin's decision is revered as genius."
"Laws regarding industrial hemp are rapidly changing. Our focus now is to finish the final phase of our industrial hemp processing plant, after which, we will turn our attention toward marketing," said Bruce Perlowin. "Marketing products, of this size and scope, to Fortune 500 companies and other large companies requires a ton of inventory in stock along with reassurance that we can maintain that supply as demand is increased. The moment we are producing, on a regular basis, our sales will begin in earnest."
Bruce Perlowin also noted, "It's a big difference between spending hundreds of thousands of dollars a month on infrastructure versus spending half that amount marketing the products that infrastructure is creating. With the size of the orders we've been negotiating, it will certainly be worth the wait. I'm extremely confident there'll be no problem generating revenues from sales."
Business opportunities are expected to continue to unfold for Hemp, Inc. as more awareness is brought to the industrial hemp industry. With organizations such as the National Hemp Association (NHA) dedicated to the re-birth of industrial hemp in America, farmers, processors, manufacturers, researchers, investors and policy makers will continue to connect and inevitably accelerate the growth of the industrial hemp industry in America.
ABOUT THE NATIONAL HEMP ASSOCIATION
The National Hemp Association is a Colorado-based 501(c)6 trade association that supports the growth and development of all aspects of the emerging industrial hemp industry. NHA members include hemp farmers, processors, manufacturers, researchers, policy makers, elected and appointed officials, investors, and citizens who are in favor of the re-birth of industrial hemp as a major U.S. cash crop and sustainable agricultural commodity. Industrial hemp can provide significant jobs for farmers and small businesses and stimulate economic development for every state in the U.S.
More information at: (303) 413-8066 and www.NationalHempAssociation.org or to become a member of the NHA, click here.
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ABOUT INDUSTRIAL HEMP
Hemp is a durable natural fiber that is grown as a renewable source for raw materials that can be incorporated into thousands of products. It's one of the oldest domesticated crops known to man. Hemp is used as a nutritional food product for humans and pets, building materials, paper, textiles, cordage, organic body care and other nutraceuticals, just to name a few. It has thousands of other known uses. A hemp crop requires half the water alfalfa uses and can be grown without the heavy use of pesticides.
Farmers worldwide grow hemp commercially for fiber, seed, and oil for use in a variety of industrial and consumer products. The United States is the only developed nation that fails to cultivate industrial hemp as an economic crop on a large scale, according to the Congressional Resource Service. However, with rapidly changing laws and more states gravitating towards industrial hemp and passing an industrial hemp bill, that could change. Currently, the majority of hemp sold in the United States is imported from China and Canada, the world's largest exporters of the industrial hemp crop.
HEMP, INC.'S TRIPLE BOTTOM LINE
Hemp, Inc. (OTC PINK: HEMP) seeks to benefit many constituencies from a "Cultural Creative" perspective, thereby not exploiting or endangering any group. CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. Thus, the publicly traded company believes in "up streaming" a portion of its profits back to its originator, in which some cases will one day be the American small farmer -- cultivating natural, sustainable products as an interwoven piece of nature. By Hemp, Inc. focusing on comprehensive investment results -- that is, with respect to performance along the interrelated dimensions of people, planet, and profits -- the triple bottom line approach can be an important tool to support its sustainability goal.
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