Category Archives: Hemp Inc. HEMP

Hemp, Inc. (HEMP) Growth Plans Aligned with North Carolina’s Recent Law Allowing for Industrial Production

December 17, 2015

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North Carolina passed a law in October 2015 allowing for the regulated cultivation of industrial hemp. Once guidelines for the hemp program are established, landowners will be permitted to produce and harvest cannabis containing less than 0.3% THC – the psychoactive chemical in marijuana that creates a euphoric feeling. The NC Department of Agriculture will be responsible for issuing licenses and distributing seeds to those who have registered. The bill became law on October 31, 2015.

Industrial hemp will give North Carolina farmers another valuable cash crop and could replace tobacco crops that have lost value in recent years. For those concerned, hemp is very different than marijuana, containing less than 0.3% THC, so it would be impossible to get “high” from industrial hemp. Various parts of the plant can be used in the manufacture of more than 25,000 products. The leaves and flowers can be used to make CBD medicines for patients with cancer, intractable epilepsy, Amyotrophic Lateral Sclerosis, Crohn’s disease, Parkinson’s disease and many others. The oil and seeds have high amounts of omega fatty acids, which help improve cholesterol levels and lower the risks of heart disease.

Hemp, Inc.’s (OTC: HEMP), wholly-owned subsidiary, Industrial Hemp Manufacturing, LLC, is in the starting blocks ready to capitalize on the country’s growing attraction to hemp by way of the operation of the largest decortication plant in North America, which is located in Spring Hope, North Carolina. In a proactive, strategic move, the company’s management team initiated construction and installation activities at its 70,000-square-foot warehouse several months prior to the passing of the new law in order to prepare for the likely legalization of industrial hemp production in the state. Currently, the decortication plant is near completion.

Pat McCrory, Governor of North Carolina, passed Senate Bill 313, which is viewed by many as a major step in the direction of sustainable financial growth for Hemp, Inc. The law’s intent is to “establish an agricultural pilot program for the cultivation of industrial hemp in the state… and to pursue any federal permits or waivers necessary to allow industrial hemp to be grown in the state.”

Hemp, Inc. produces products made from industrial hemp. The company also offers products and services to the medical and recreational marijuana industries. The company develops and operates a website providing entertainment and news related to the medical marijuana industry. The company was formerly known as Marijuana, Inc. and changed its name to Hemp, Inc. in June 2012. Founded in 2008, Hemp, Inc. is headquartered in Las Vegas, Nevada.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) Primed for Financial Growth following Industrial Hemp Legalization in North Carolina

December 10, 2015

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For over 10,000 years, the hemp plant has been a valuable crop used for a variety of purposes. From clothing and building materials to paper and health products, hemp played a key role in the formation of nations and the emergence of global powers. Up until 1776, many colonies passed laws to encourage farmers to grow the useful crop, and Virginia even passed a law that imposed a fine on those who didn’t plant hemp.

Years later, the Marihuana Tax Act of 1937 was passed, and taxes were imposed on the domestic production of industrial hemp crops. Just 20 years later, these taxes had effectively eliminated domestic hemp production, making it too expensive to compete with international operations. In 1970, the Marihuana Tax Act was repealed and replaced by the Controlled Substances Act, which mistakenly classified hemp as a schedule I substance and outlawed its production across the nation.

Despite bans on production, industrial hemp has been legal to import into the U.S. for years. According to a report by the Los Angeles Times, industrial hemp in Canada – a major supplier to the U.S. – is just shy of a $1 billion industry. In 2013, Canadian farmers were clearing profits in excess of $250 per acre, which, when compared to the $71 per acre that American farmers net from soy crops, could represent a major financial boost for the nation’s struggling agricultural industry.

While hemp production remains banned at the federal level, tremendous progress has been made in recent years toward correcting the ban. In 2014, President Obama signed a bill that removed hemp grown for research purposes from the Controlled Substances Act. Later that year, Congress blocked the Drug Enforcement Administration from using federal funds to interfere with state-legal industrial hemp programs. Since then, states have been taking it upon themselves to revitalize hemp production while studying the potential economic and ecological benefits.

Hemp, Inc. (OTC: HEMP), through wholly-owned subsidiary Industrial Hemp Manufacturing, LLC, is set to capitalize on the country’s growing hemp movement through the operation of the largest decortication plant in North America, which is located in Spring Hope, North Carolina. In a forward thinking move, the company’s management team initiated construction and installation activities at the 70,000-square-foot warehouse months ago in preparation for the imminent legalization of industrial hemp production in the state. Hemp, Inc. plans to complete the decortication plant by the end of the year, and this timing could be ideal to capitalize on North Carolina’s evolving regulatory atmosphere regarding industrial hemp.

Earlier this month, North Carolina Governor Pat McCrory passed Senate Bill 313, marking a significant step toward sustainable financial growth for Hemp, Inc. The purposes of the law are to “establish an agricultural pilot program for the cultivation of industrial hemp in the state… and to pursue any federal permits or waivers necessary to allow industrial hemp to be grown in the state.”

Hemp, Inc.’s decision to keep its decortication plant in North Carolina appears set to pay off in the coming months. For prospective shareholders, the company is an intriguing opportunity to capitalize on the impending reemergence of one of the world’s oldest and most useful crops.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) CEO Receives Award for Impact on Industrial Hemp Industry

December 9, 2015

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Hemp, Inc. CEO Bruce Perlowin was recently was honored with the Jack Herer Cannabis Hemp Award in recognition of Hemp, Inc.’s “Major Achievement in the Hemp Industry.” The awards ceremony was held to not only benefit and bring awareness to the hemp industry, but awareness to the industry in Las Vegas, Nevada.

“We are very proud to have been nominated and to receive this award. On behalf of Hemp, Inc., I would like to thank everyone for every ounce of energy they have put into Jack Herer’s legacy and the continual push of legalizing hemp throughout the United States,” said Perlowin. “It can be difficult to start a company that succeeds in an industry where it is only ‘somewhat legal.’ However, with the help of thousands of people advocating and supporting the hemp industry we are succeeding.”

Producer and co-creator of the Jack Herer Cannabis Awards, Michael Whalen, recognized Perlowin and Hemp, Inc.’s impact on industrial hemp industry with the only commercial industrial hemp decortication facility in the United States. Perlowin was also recognized for shifting the company’s focus toward a more advanced processing in the milling line.

“We were honored to recognize Bruce Perlowin and Hemp, Inc. at the 1st Annual Jack Herer Cannabis Awards on November 28, 2015,” Michael Whalen stated in the news release. “Since this is our first year bringing recognition to some of the leaders and innovators in the cannabis and hemp industries, we kept our awards small … focusing on about seven recipients who we felt really made a difference and who are continuing to pave the way for others as this multi-billion dollar industry unfolds after being suppressed for decades.”

Though Hemp, Inc. will continue to market its hemp-based cosmeceutical and nutraceutical product lines, the legalization of industrial hemp in North Carolina has enabled the company to transition toward a more advanced processing in the milling line.

“In terms of generating profit for the company, our multipurpose industrial hemp processing facility in Spring Hope, North Carolina, will undoubtedly outweigh any sales revenue generated from our product line. This is why we have been full speed ahead with our decortication line which is expected to be fully operational by the second quarter of 2016. It is the only commercial facility in America at this time that will be able to process raw hemp,” said Perlowin.

Hemp, Inc. is also producing lost circulation material (LCM), a much needed resource utilized in the oil and drilling industries. LCM is reportedly hard to source from oversees, and Hemp, Inc. has the capability to provide a local source of better quality LCMs and the means to produce a steady, consistent supply.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) Provides Update on Progress of Hemp Blue Kickstarter Campaign

December 3, 2015

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Hemp, Inc. recently announced the execution of a definitive five year term agreement to sell its industrial hemp fiber to Hemp Blue, a premium denim apparel brand. Through this partnership, Hemp Blue is seeking to become the first brand to produce apparel made from American-grown hemp since Levi Strauss did so decades ago. In recent weeks, Hemp Blue has taken to Kickstarter to spread the word about its eco-friendly mission while offering supporters an opportunity to become among the first people to claim items from their initial collection of hemp-based clothing. With just two days left in the campaign, Hemp Blue has surpassed its funding goal, demonstrating the marketability of its innovative business model.

“I’m amazed at how well Hemp Blue is doing,” Bruce Perlowin, chief executive officer of Hemp, Inc. stated in a news release. “Only 33 percent of the Kickstarter campaigns in the fashion division ever get completed or are successful. Their performance is quite impressive.”

To date, more than 300 individual backers have contributed to Hemp Blue’s campaign, which it has stressed is “a movement toward a more sustainable future.” In addition to spreading the message about the benefits of hemp for both people and the planet, Hemp Blue is also supporting the ongoing movement to legalize industrial hemp by pledging to donate a portion of their profits to organizations that fight for the cause.

As Hemp Blue inches toward its initial goal, Hemp, Inc. is continuing to push forward in the industrial hemp industry. Through wholly-owned subsidiary Industrial Hemp Manufacturing, LLC, the company is rapidly approaching the completion of its decortication facility in Spring Hope, North Carolina. Initially, the facility will be used to process kenaf, which is already located on site in North Carolina. According to David Schmitt, chief operating officer of Industrial Hemp Manufacturing, the company is currently awaiting the first frost, which will play a key role in killing and defoliating the crop before it is ready to bale.

For both Hemp, Inc. and Hemp Blue, the coming months represent an exciting opportunity to promote strong growth. Look for Hemp, Inc. to benefit from its agreement with Hemp Blue moving forward, providing a foothold in the emerging apparel industry that’s stemming from the ongoing push for the nationwide legalization of industrial hemp production.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) Becomes Newest Gold Member of National Hemp Association (NHA)

December 1, 2015

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Today before the opening bell, Hemp, Inc. announced that it has become the newest member of one of the most proactive organizations in the industrial hemp industry, the National Hemp Association. In the press release, Hemp, Inc. shared that its gold member status will enable it to reach more hemp businesses with multi-channel exposure. The National Hemp Association (NHA) is a mission-driven, non-profit organization “dedicated to the re-birth of industrial hemp in America which helps connect farmers, processors, manufactures, researchers, investors and policy makers to accelerate the growth of this important industry in the United States.”

NHA also launched a Federal Campaign on Veteran’s Day to legalize industrial hemp on a Federal level. An American hemp flag, made of industrial hemp grown in Kentucky, was flown over the U.S. Capital in Washington, DC to “celebrate the versatile crop cultivated by our founding fathers and calls attention to how hemp can provide a significant source of jobs for veterans and rural farming families.” The Campaign is an effort to “bring hemp back as the major sustainable crop on which our country was founded.” Bruce Perlowin, CEO of Hemp, Inc., has committed to helping the NHA with its goal by encouraging other companies and individuals to support the movement and join the National Hemp Association (NHA).

“It’s time the laws are changed across the board on a Federal level. I want to encourage others to become a Gold member. This will help raise the capital needed to make this campaign a success,” said Perlowin.

To join the National Hemp Association, visit the following link: http://nationalhempassociation.org/membership-has-its-advantages.

According to the NHA’s press release on Nov. 9, 2015, “Once considered America’s most important cash crop, hemp seeds today cannot be transported across state lines and hemp farmers cannot obtain bank accounts or get crop insurance. Industrial hemp is legal in 30 countries around the world. In the U.S., industrial hemp is classified as a Schedule 1 controlled substance (along with narcotics such as heroin and LSD). Advocates hope to restore the industrial hemp industry through passage of the Industrial Hemp Farming Act of 2015 (H.R. 525 and S. 134) which will legally define the difference between hemp and marijuana and will remove hemp from the Controlled Substances Act.”

Perlowin said, “By supporting this campaign and becoming a Gold member, you will not only help to legalize industrial hemp on a federal level, but will receive a host of other benefits as well.” As a Gold member, benefits include but are not limited to: logo listing with active link on NHA’s homepage; logo and clickable link in NHA’s monthly email newsletters; free admission to select NHA events; invitations to pre-qualified Hemp business meetings and opportunities; media referrals; two-hour consultation with NHA Political Director; inclusion in NHA’s press release; eligible to run for the NHA Board of Directors; opportunities to speak at NHA Events; and, a featured story on NHA’s website.

As announced earlier this month, Hemp, Inc. entered into a definitive 5-year term agreement to sell its industrial hemp fiber from its decortication plant in North Carolina to Hemp Blue which will purchase the raw hemp fiber for the production of its hemp denim fabric and manufacture their hemp denim apparel line in the United States all from hemp grown in the United States.

The company’s Kickstarter campaign will run through the end of this week. According to Hemp Blue’s Kickstarter campaign, jeans are not just a pair of pants and hemp is not just another plant. It’s a movement. “A great pair of jeans blends comfort, fashion, good looks, and style with a dash of sex appeal.”

“Hemp Blue, Inc. is a cutting edge and we applaud them for making a prudent economic decision in signing a long-term contract with Hemp, Inc. to assure their supply of American grown hemp for years to come,” said Perlowin. “Support Hemp Blue and Hemp, Inc. by being among the first to own a piece of Hemp Blue’s current collection from their Kickstarter campaign. I also encourage you to purchase Hemp, Inc.’s products at Hempify.us.”

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) CEO Featured on Up Close with Chris Tinney

November 30, 2015

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Bruce Perlowin, chief executive officer of Hemp, Inc. (OTC: HEMP), was recently featured in an interview on Up Close with Chris Tinney, a weekly podcast that introduces listeners to people making a difference in their communities and around the world. Perlowin, once dubbed the ‘King of Pot’ by the Federal Bureau of Investigation, is now referred to as the ‘Godfather of Pot Stocks’ after founding the first publicly-traded company in the medical marijuana space, Medical Marijuana, Inc. (OTC: MJNA). Today, he serves as the CEO of the first publicly-traded company seeking to capitalize on the nation’s ongoing industrial hemp revolution, Hemp, Inc.

In recent months, measures to reinvigorate the production of industrial hemp across the nation have been gaining steam. In 2014, President Obama signed a bill that removed hemp grown for research purposes from the Controlled Substances Act, and more than a dozen states now allow industrial hemp farming for research and/or commercial purposes. During the show, Perlowin detailed his vision for the future of the hemp industry.

“Medical marijuana, recreational marijuana and, certainly, industrial hemp have won,” Perlowin stated in the interview. “We will be legal in all 50 states. Trying to stop this movement is trying to sweep back the incoming tide with a broom – it’s not going to happen.”

Perlowin went on to give prospective shareholders insight into Hemp, Inc.’s progress toward the impending launch of its decortication facility in Spring Hope, North Carolina. He also highlighted the performance of the company’s cosmeceutical and nutraceutical product lines, as well as Hemp, Inc.’s enthusiastic efforts to educate the market through the production of The Hemp Nation magazine.

“Part of what we do as a public company in our position is not just make a profit; we believe in giving back and helping social causes,” Perlowin continued. “We have this massive educational campaign as part of a core element of our company, and The Hemp Nation magazine takes care of that.”

The Up Close with Chris Tinney Interview comes at an exciting time for followers of Hemp, Inc. Last week, the company reported its financial results for the third quarter of 2015, which included a 53.8 percent year-over-year increase in sales stemming from its hemp-based product line. As it continues to shift focus toward more advanced processing at its expansive decortication facility, Perlowin and the company’s management team are optimistic about Hemp, Inc.’s ability to capitalize on the rapid growth of the industrial hemp market in the years to come.

To listen to the full interview, visit www.christinney.com/hemp-inc

For more information visit www.hempinc.com

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Hemp, Inc. (HEMP): Q3 Sales Increase 58% Over Q2 Performance

November 23, 2015

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Hemp, Inc., today announced a 58.3-percent increase in third-quarter sales for the period ended September 30, 2015, as compared to the second quarter.

“The industrial hemp industry is really booming. More states are beginning to realize it is more advantageous for them to legalize it. As you know, North Carolina, home to our industrial hemp commercial decortication facility, legalized hemp. Farmers in North Carolina now have the option to cultivate hemp crops with easy access to Hemp, Inc.’s (OTC PINK: HEMP) multipurpose industrial hemp commercial processing facility,” Hemp, Inc. CEO Bruce Perlowin stated in the news release.

Hemp, Inc. calls the legalization of industrial hemp in North Carolina a “game changer” for the company, directing it toward more advanced processing in the milling line. Perlowin said the company will continue to market its hemp-based cosmeceutical and nutraceutical product line and that “In terms of generating profit, our multipurpose industrial hemp processing facility in Spring Hope, North Carolina, by far outweighs any sales revenue generated from our product line, which is why we feel it best to shift focus.”

As the industry continues to grow, Hemp, Inc. said it expects to generate millions of dollars per year pending the completion of its multipurpose industrial hemp processing plant that vertically integrates growing, decortification, milling, and more.

For more information visit www.hempinc.com

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Hemp, Inc. (HEMP) Announces First Industrial Hemp Fiber Customer Ahead of Impending Launch of Hemp Processing Plant

November 18, 2015

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Just over two weeks ago, Hemp, Inc. announced the long-awaited legalization of hemp in North Carolina, the home state of its multi-purpose industrial hemp processing facility. In that release, the company outlined plans to support the local agricultural industry while encouraging non-GMO, certified organic hemp production. Yesterday, Hemp, Inc. gave prospective shareholders a preview of the tremendous market potential of this sustainable business model when it announced the execution a definitive agreement to sell its industrial hemp fiber to Hemp Blue, a premium hemp denim apparel brand. Hemp, Inc. is currently in the final stages of preparation at its processing facility, and its hemp processing operations are expected to commence in the second half of 2016.

“This is part of our long-term planning,” Bruce Perlowin, chief executive officer of Hemp, Inc., stated in a news release. “These are the kind of long-term, cutting edge companies that we believe will not only provide substantial revenue to Hemp, Inc., by purchasing our fiber, but also add great value to Hemp, Inc.”

Hemp Blue’s Kickstarter campaign highlights the clothing brand’s ambitious goals, which fall squarely in line with those of Hemp, Inc. Moving forward, the two companies will continue to spread the word about the benefits of hemp and support the rising movement to legalize industrial hemp farming across the country. This eco-friendly message has resonated with Hemp Blue’s target audience, as the brand has already received pledges for over two-thirds of its funding goal on Kickstarter since beginning the campaign earlier this month.

“Hemp Blue represents our fight for the legalization of hemp as a legal resource in the U.S. and the whole world,” Robin Lane, co-founder of Hemp Blue, stated. “We are starting the movement toward a more sustainable future.”

In addition to adding the business as its first customer, Hemp, Inc. also announced that it is currently a shareholder in Hemp Blue. Through this investment, as well as the company’s ongoing retail efforts through Hempify.com, Hemp, Inc. is establishing a formidable strategic foothold in the rapidly expanding retail segment of the industrial hemp market. In 2013, the total retail value of hemp products sold in the U.S. was estimated at $581 million, an increase of 26.5 percent over the previous year, according to the Hemp Industries Association.

As the nationwide hemp movement continues to pick up steam, Hemp, Inc. is set to benefit from the operation of the largest industrial hemp processing facility in North America. For prospective shareholders, the company’s agreement to sell hemp fiber to Hemp Blue could foreshadow an opportunity for Hemp, Inc. to realize significant financial growth in the years to come.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) Set to Benefit from Rare ‘Black Market’ Industry Legalization

November 10, 2015

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In 1920, the United States enacted a constitutional ban on the sale, production, importation and transportation of alcoholic beverages that remained in effect for more than a decade. On December 5, 1933, ratification of the twenty-first amendment repealed this ban, effectively legalizing what had been a ‘black market’ and giving the legal alcohol industry, as well as major players in the industry such as Anheuser-Busch (NYSE: BUD) and Molson Coors (NYSE: TAP), a serious opportunity to record growth in a thirsty market.

The legalization of a ‘black market’ creates a significant opening for companies with established resources and infrastructure to promote rapid growth, as demonstrated by the results of prohibition. Despite being limited by the economic conditions of the Great Depression, Budweiser sales continued to climb following the twenty-first amendment. By the end of World War II, Anheuser-Busch entered into an era of sustained growth. With the national movement to legalize industrial hemp production rapidly gaining steam in recent months, Hemp, Inc. is in a strong position to promote similar results, capitalizing on the foresight of its management team and its 70,000-square-foot decortication plant.

“It’s not that often that a ‘black market’ industry becomes legalized. That happens, maybe, once every century,” Bruce Perlowin, chief executive officer of Hemp, Inc., stated in a news release. “We aim to spark a new clean green American agricultural and industrial hemp revolution for the American farmers and hemp product manufacturers.”

The movement to legalize industrial hemp has made considerable progress in recent months, beginning with the Agricultural Act of 2014. This revolutionary law removed the federal restriction aimed at growing industrial hemp and set the stage for individual states to legalize manufacturing operations for further research. To date, a total of 13 states – including California, Colorado, Hawaii, Indiana, Kentucky, Maine, Montana, Nebraska, North Carolina, North Dakota, Oregon, Utah, Vermont and West Virginia – allow industrial hemp farming for research and/or commercial purposes.

This progress is great news for Hemp, Inc. The company’s multipurpose hemp processing plant – the first and only commercial factory to be built in the U.S. in nearly a century – is expected to give it a distinct strategic advantage in capitalizing on renewed commercial demand for industrial hemp in the future.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) Shares Soar Following Legalization of Industrial Hemp Production in North Carolina

November 2, 2015

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Achieving sustainable growth in any industry depends on the ability of a company’s management team to accurately predict evolving market conditions and address rising demand. For months, Hemp, Inc. (OTC: HEMP) has kept shareholders abreast of its progress toward commencing operation of its industrial hemp decortication facility in Spring Hope, North Carolina. As the first and only hemp processing facility to be built in the United States in nearly a century, the construction and operation of this facility demonstrated the foresight of the company’s leadership team, and the time has now come for the company to benefit from this intuition.

On October 31, North Carolina Governor Pat McCrory passed Senate Bill 313, giving farmers throughout the state the option to legally cultivate industrial hemp crops. According to the North Carolina General Assembly, a legalized industrial hemp industry “is in the best interest of the citizens of North Carolina… to expand employment, promote economic activity and provide opportunities to small farmers for an environmentally sustainable and profitable use of crop lands that might otherwise be lost to agricultural production.” In a news release, Hemp, Inc. outlined its intentions to aid in the resurrection of the pivotal agricultural industry.

“Hemp, Inc. has made a commitment to North Carolina farmers to pay 10 percent above the market price for their hemp crops, for the first year, to boost the industry and give our farmers a helping hand,” Bruce Perlowin, chief executive officer of Hemp, Inc., stated in the news release. “We want to support and encourage the small family farm and non-GMO, certified organic hemp production.”

With legalization secured, the company is now progressing toward the impending start of production at its decortication facility. When complete, Hemp, Inc. will process hemp to sell to textile manufacturers and other users. The company’s decortication equipment can process raw hemp into two valuable base products – fiber and hurd – that can be used in the creation of hundreds of products. Hemp, Inc. has also outlined plans to build a testing lab within its processing facility that will be used for new product development testing, as well as testing of raw hemp materials, fibers and products. When completed, the lab will be the first of its kind in the U.S.

Through these measures, Hemp, Inc. will look to usher in a new era in domestic industrial hemp production, providing the company with a strong platform for sustainable financial growth. This optimism has been echoed by the markets. Since Senate Bill 313 passed, Hemp, Inc. has transformed into one of the top traded stocks on the OTC markets. Just after the opening bell, the company’s shares recorded a price increase of more than 113 percent. Moving forward, Hemp, Inc. will look to build on this progress while continuing to establish a strong position in one of the country’s most rapidly evolving industries.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP): Industrial Hemp Could be Legal in North Carolina at Midnight Tonight

October 30, 2015

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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

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Hemp, Inc. (HEMP): Bill to Legalize Industrial Hemp in Pennsylvania Moves to Senate

October 29, 2015

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Hemp, Inc. reported that Senate Bill 50, which would allow research programs at colleges and universities to cultivate and process industrial hemp, earlier this week received its “first stamp of approval” in Pennsylvania.

With the support of Senator Judith L. Schwank, who serves Berks County along with her role as Democratic chairwoman of the Senate’s Agriculture and Rural Affairs Committee, Senate Bill 50 moved out of the Senate Agriculture and Rural Affairs Committee by a vote of 11-0. From here, Senate Bill 50 moves to the full Senate for consideration.

Senator Schwank was quoted in an article saying, “We hope that, once we get this started, the commonwealth of Pennsylvania can become a powerhouse in the growth of hemp for all kinds of uses. There are so many opportunities for this, and we’re losing out by not being able to grow it. Industrial hemp is not marijuana, and it’s not medical marijuana. It’s an age-old plant that has benefitted farmers and consumers for thousands of years, and it holds the promise of helping Pennsylvania farmers in significant ways, once again.”

Hemp, Inc. executives agree, noting that it is increasingly evident that states are beginning to realize the enormous environmental and economic benefits of industrial hemp.

“It’s all unfolding before our very eyes. States, such as Pennsylvania and more, want to reap the economic rewards of industrial hemp. Hemp can be used to manufacture a myriad of products from paper to building materials. It makes no sense that our American farmers can’t grow it, but luckily that is rapidly beginning to change,” Bruce Perlowin, CEO of Hemp, Inc., stated in the company’s news release yesterday.

The company also notes that Pennsylvania is not the only state moving forward with the industrial hemp movement. North Dakota’s Department of Agriculture, for example, is beginning its industrial hemp pilot program under the 2014 Farm Bill and is seeking applicants to participate in agricultural or academic research.

In Pueblo, Colorado, a hemp oil plant received an $8 million incentive package to help CBD Biosciences get its hemp-oil processing plant” up and running. According to an article in the DenverPost, “The Pueblo Development Foundation will spend $3 million to rehab a Boeing rocket assembly plant at Pueblo Airport Industrial Park that has been vacant since 2004. CBD Biosciences, a partnership of Denver-based O.penVape and Thar Process Inc., receive $4.89 million to help purchase equipment.”

For more information, visit www.hempinc.com

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4th Annual Marijuana Business Daily Conference to be held in Hemp Inc. (HEMP) Hometown

October 26, 2015

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Over 4,000 businesses within the hemp industry will come together at the Rio All Suites Hotel and Casino in Las Vegas on November 11-13, 2015. Growers, dispensaries, and other markets will meet on the 30,000 square foot expo floor to network and learn from each other. Over 50 expert speakers will be giving presentations on the industry and how small firms can grow with it. Hemp Inc. is especially excited and the event is actually taking place where its corporate headquarters is located.

Hemp Inc., a publicly traded company, aims to be a leader in the legalized hemp industry while promoting eco-friendly and organic products that can replace petroleum products. Hemp can be used to make paper, cosmetics, fabric, health products, building materials, and more. The company has its own line of organic products that include lip balm, massage candles, hair products, skin cream, and healing oil.

Fortunately, the world of legalizing hemp is growing. For example, Canada’s recently elected Prime Minister Justin Trudeau intends to legalize and regulate marijuana which could prove beneficial in the medical marijuana industry. Then in Florida, two Democratic lawmakers are seeking to legalize hemp while two medical marijuana dispensaries have been approved for construction in Las Vegas.

The hemp industry is estimated to be worth an amazing $500 million and quickly rising. It should continue to grow as more legislation is passed and more industrial companies get involved. To spread awareness to potential investors, Hemp Inc. has created “Hemp Inc. Presents” a video channel that keeps its shareholders updated on the Company’s industrial processing plant while informing them of the latest news about the industry. Similarly, the company issues the Hemp Nation Magazine which also informs readers about everything hemp related including politics, legislation, medical, and growth.

The gathering of hemp business peers at the 4th Annual Marijuana Business Daily Conference showcases the great potential of the hemp market. While spreading ideas and innovations, these businesses hope to push the industry forward. Hemp Inc., and its values, aligns with the overall goals of the industry.

For more information on the conference, please visit https://mjbizconference.com

For more information on Hemp Inc., please visit www.hempinc.com

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Hemp, Inc. (HEMP) Aims to Educate Shareholders, Investment Community, Public on Industrial Hemp

October 21, 2015

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Hemp, Inc. this morning announced the need for “Educational Press Releases” on industrial hemp, the plant which for thousands of years was used in all major areas of commerce until the 1930s. The company says versatility of the hemp plant in modern American use has been distorted due to vague distinctions from its cousin, marijuana. As such, Hemp, Inc. executives feel their shareholders, potential shareholders and the general public should be informed of “industry material events” such as hemp legislation and rapidly changing laws in the industry. In particular, the company is highlighting ongoing legislation on hemp laws in North Carolina and the Southeastern United States.

Bruce Perlowin, CEO of Hemp, Inc., in the news release said, “It’s not that often that a ‘black market’ industry becomes legalized. That happens, maybe, once every century. For years, there has been so much misinformation, negative propaganda and downright lies by the government. Misinformation has inculcated itself into the educational, judicial, law enforcement and medical systems. For these reasons, we are doing what we call ‘Educational Press Releases.’ You have to remember, it’s been over 70 years of misinformation that has trickled down to legislators, scientists, educators, students, nutritionists, industrialists, farmers, medical, rehabilitation, consumers and more. Most of the other industrialized countries around the world are already knowledgeable on the hemp plant and the industrial hemp industry.”

The company is taking action to inform the general public by releasing a series of “Educational Press Releases,” and applauds the job the mainstream media is doing by reporting the educational facts on the terms industrial hemp, what is hemp, and what is the difference between hemp and marijuana.

“We will reprint those articles,” says Perlowin, “such as the ones we are mentioning in this release.”

In its news release this morning, the company then highlighted the following publications:

Could Southwest farmers benefit from commercial hemp production? Will state lawmakers ever approve hemp as a lawful crop? By: Logan Hawks (October 16, 2015)

“While valid arguments could be made supporting and opposing the idea of hemp as a legal crop, overall, the agricultural community seems to view the potential of commercial hemp in a positive light. As research continues, a number of advantages to growing hemp are becoming clear.

The argument for and against commercial hemp production continues to rage across the country, but since the 2014 farm bill cleared the way for the legal research and testing of hemp production under controlled circumstances, interest in growing hemp, at least as an alternative crop, has increased considerably.

While valid arguments could be made supporting and opposing the idea of hemp as a legal crop, overall, the agricultural community seems to view the potential of commercial hemp in a positive light. As research continues, a number of advantages to growing hemp are becoming clear.

From an economic standpoint, hemp does not currently offer itself as one of the most profitable crops to grow. Demand for raw hemp, while substantial, is much less than for most commodity crops.

The Hemp Industries Association reports that Americans bought about $625 million worth of hemp products last year, including clothing, building materials, food made with hemp seeds, and assorted other hemp-related products, according to Eric Steenstren, the association’s executive director.” (Posted on Southwest Farm Press on 10-16-2015)

8 Things You Didn’t Know About Hemp
By Carey Reed Oct. 17, 2015 PBS.org

Early last year, Congress passed a Farm Bill authorizing a wide range of federal agricultural programs.

RELATED CONTENT

Why Kentucky farmers are quitting tobacco and turning to an unlikely new crop

Tucked away in that legislation was an amendment granting states and universities the right to research a plant that has long been banned from cultivation in the United States — hemp.

Hemp production was banned throughout the United States in 1937, with the passing of the Marihuana Tax Act. Two weeks ago, North Carolina’s House and Senate passed a bill that would legalize the production of industrial hemp in the state.

The Drug Enforcement Administration told PBS NewsHour it has granted several dozen permits to grow hemp in nine states.

Marijuana and hemp are varieties of cannabis that developed due to selective breeding: Hemp for its fiber and marijuana for its narcotic components.

While the two look and smell alike, they are chemically and structurally different.

The major difference between the two is the levels of Tetrahydrocannabinol (THC) — or the chemical in marijuana that gets people high.

Hemp has virtually no trace of THC, while pot has around 10 percent; some strains of marijuana can have as much as 27 percent THC.

Here are eight things you may not have known about hemp.

1. Hemp will not get you high, but it may give you a headache.

Hemp contains just .3 percent of THC, the chemical that can cause feelings of euphoria. If you were to ingest hemp seeds with the hopes of getting high, you won’t — and you might get a headache instead. You might also feel as if you had taken a strong laxative, as studies have shown hemp seed to have significant constipation-curing qualities.

2. Natives of a small island off the coast of China may have been the first to use hemp.

Archaeologists found pottery bearing impressions of cannabis cord, while unearthing a Stone Age Taiwanese village, according to the 1980 book, “Marihuana: The First Twelve Thousand Years” by Ernest L. Abel. On mainland China during Second Century B.C., people made clothes from hemp. And hemp’s use as a cloth for swaddling infants and covering the bodies of the dead was mentioned in the sacred Confucian texts known as the “Book of Rites”.

3. Common household items can be made with hemp, from birdseed to ice cream.

Hemp fiber has long been valued for its strength and versatility.

The North American Industrial Hemp Council estimates that hemp can be used to make more than 25,000 products, from the paper pages of Bibles to building materials for homes.

The fibers were used to make rope, boat caulking and sails during the time of the Vikings. The word canvas can be traced back to the Greek kannabis and Latin cannabis, or hemp.

Historians claim America’s first flags were made of hemp cloth.

Henry Ford fashioned a car panel from a plastic derived from straw, pine, hemp and ramie in order to help farmers during the Great Depression, according to a Aug. 14, 1941 New York Times article.

And because hemp oil penetrates better than linseed oil, it has been used as an industrial lubricant, Charles T. Ambrose of the University of Kentucky School of Medicine and the author of “Transylvania University and its Hemp Connection” told PBS NewsHour.

Just last week, Bruce Dietzen drove from Florida to Colorado in a fiery red convertible made out of hemp. Dietzen modeled the car that runs on corn after Mazda’s sporty Miata.

“One version gets you high. The other version you can make a car out of. They’re both cannabis,” he told the Denver Post.

4. In the 1600s, property owners in North America had to grow hemp.

By way of a royal decree, King James I required every property owner in Jamestown to grow 100 plants of hemp for export in 1619, according to “Hemp: American History Revisited: The Plant with a Divided History” by Robert Deitch.

Jamestown Colony was England’s first permanent settlement in North America run by the Virginia Company.

The hemp was used to provide cordage and canvas for British ships, Ambrose said.

Similar hemp decrees were later issued in Connecticut and Massachusetts.

5. What do Woody Harrelson and Mitch McConnell have in common?

Why a fondness for hemp, of course.

The former “Cheers” star and current Senate majority leader and Kentucky’s state senator have been on separate, but parallel crusades to make hemp legal again in the U.S.

In 1996, Harrelson planted four hemp seeds in rural Kentucky and was arrested, CBS reported. Charges of marijuana possession were later dropped.

He then made a movie called “Hempsters: Plant the Seed” in 2010.

McConnell, who represents the state that first began growing hemp in the 1770s and went on to become a major producer, harvesting 15,000 tons per year in the 1840s to 40,000 tons per year by the 1850s, started his own hemp crusade in 2013.

“We are laying the groundwork for a new commodity market for Kentucky farmers,” McConnell told Politico Magazine. “And by exploring innovative ways to use industrial hemp to benefit a variety of Kentucky industries, the pilot programs could help boost our state’s economy and lead to future jobs.”

6. Hemp for Victory!

That was the name of a U.S. Department of Agriculture-run program to encourage farmers to grow hemp during World War II.

Faced with a shortage of Manila hemp that was imported and used in ship’s rigging, the U.S. government had to act quickly.

The answer? Grow hemp on U.S. soil, where it had thrived – especially in Kentucky – more than a century before.

For decades the program was thought to be a myth, until the late 1980s, when a group of hemp activists reportedly found copies of the “Hemp for Victory” video in the Library of Congress archives.

7. Hemp seed contains a nutrient also found in breast milk.

The Oil found in hemp seed is rich in gamma linolenic acid (GLA), a nutritious unsaturated fatty acid, which is also found in breast milk.

In addition to GLA, hemp seed oil is packed with other omega-3 and 6 fatty acids, making it a healthier alternative to many other vegetable oils, Ambrose told PBS NewsHour.

8. Leftover hemp stalks can be used to store energy.

Last year, a team of scientists led by David Mitlin at the University of Alberta made a supercapacitor, an energy storage device, out of leftover hemp, the BBC reported.

While supercapacitors store less energy than regular batteries, they can be charged in a shorter amount of time and deliver that energy in a speedier fashion.

Mitlin told the PBS NewsHour that these supercapacitors are great for things that need a fast, potent burst of energy — like charging an iPhone in minutes for two hours of talk time.

For their experiment, Mitlin’s team cooked down discarded hemp stalks that were being stored by the government in Alberta, Canada, where it is legal to grow industrial hemp.

(Read article on PBS.org here)

For more information on Hemp, Inc. visit www.hempinc.com

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Hemp, Inc. (HEMP) Partners with Innovative Technology Solutions Provider to Enhance Web Presence

October 16, 2015

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Hemp, Inc. has been on a tear in recent months. On the heels of recording its best quarter in company history during the second quarter of 2015, the company has continued to make considerable progress toward the impending launch of its hemp processing plant in Spring Hope, North Carolina. Initially, Hemp, Inc. plans to process kenaf in the 70,000 square foot facility, but recent regulatory action has set the stage for industrial hemp legalization in the near future. Last month, a legislator in North Carolina introduced a bill that, if passed, would commission a pilot program studying the immense benefits of industrial hemp cultivation. Put simply, the movement to legalize industrial hemp is rapidly gaining steam, and Hemp, Inc.’s decortication plant is a big reason for the push.

“The Spring Hope facility will give North Carolina farmers a leg up in this industry,” Representative Jeff Collins, member of the North Carolina House of Representatives and sponsor of the industrial hemp legislation, stated.

The commercial potential of legalized industrial hemp is vast, as the plant can be used to produce more than 25,000 products. From paper, fabric and building materials to high quality health and beauty products, the countless benefits of hemp have ushered in a growing revolution calling for the legalization of a crop that’s production has been banned in the U.S. for more than 70 years.

In preparation for this green revolution, Hemp, Inc. has partnered with Gawk, Inc. (OTC: GAWK), a global innovator of digital technology, in order to enhance its web presence and improve its ability to speak to consumers and investors about its progress during this exciting time. Through this partnership, Hemp, Inc. will be provided with a secure cloud-based platform that can be remotely managed from anywhere in the world with an internet connection.

“Gawk has been materially beneficial to us in our pursuit of informing the public of the many benefits and uses of hemp-based products,” Bruce Perlowin, chief executive officer of Hemp, Inc. stated. “Having our own private cloud infrastructure with Gawk as our strategic partner allows us to focus on our core business with the confidence that our infrastructure is robust.”

Pending unforeseen delays, Hemp, Inc. executives expect the decortication plant to be fully operational before the end of 2015, putting the company in a strong strategic position to bolster its financial performance while preparing to capture a sustainable foothold in the industrial hemp market following legalization. As North Carolina inches closer to this regulatory change, the company is preparing to launch a redesigned website that better communicates its established strategic position in the world of industrial hemp.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) Highlights Ongoing Media Coverage, Growing Favor of Legalizing Industrial Hemp

October 12, 2015

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Hemp, Inc. this morning highlighted ongoing hemp industry media coverage as the State of Pennsylvania shows favorable interest in legalizing industrial hemp and North Carolina awaits the signature of approval from Governor Pat McCrory to legalize industrial hemp. More states are recognizing the enormous environmental and economic benefits of industrial hemp, and in response, state officials are positioning their states to reap the economic rewards.

The buzz surrounding the legislation also provides an important measure of public education on how industrial hemp can boost the economy.

“As more people become educated on the myriad benefits of industrial hemp, including how it can help the economy, I believe many more states will vote in favor of legalizing hemp,” Bruce Perlowin, CEO of Hemp, Inc., stated in the news release. “Our multipurpose hemp processing plant is the first and only commercial factory to be built in the United States in almost a century. We have been meticulously building the infrastructure to be able to vertically integrate growing, decortication, and milling and this is no small feat. We aim to spark a new clean green American Agricultural and Industrial Hemp Revolution for the American farmers and hemp product manufacturers.”

As the Richmond County Daily Journal pointed out in the article below, “Linking hemp and marijuana was a knee-jerk reaction based on misinformed public sentiment rather than science.” Thus, “Allowing industrial hemp cultivation corrects that mistake.”

If you missed the latest news covering the industrial hemp industry, read the re-prints below:

Pennsylvania’s House of Representatives Loves Hemp Posted on October 9, 2015 by DJ Pangburn

Pennsylvania’s House of Representatives loves hemp. Industrial hemp. In fact, they love it so much that the Agriculture and Rural Affairs Committee approved the newly-introduced House Bill 967 within minutes of introduction, sending it to the house floor for debate and vote.

House Bill 967, introduced by Representative Russ Diamond on Tuesday (October 6), would allow industrial hemp to be grown or cultivated by special programs in Pennsylvania. Currently, American companies must import industrial hemp from countries such as Canada and China, blockading what has historically been one of America’s largest markets.

Pennsylvania’s move, which mirrors those taken by other states, could potentially open up a number of doors for commercial uses, which would benefit the planet given hemp’s low impact on the environment.

“The feds are catching on to the enormous environmental and economic benefits of the use of industrial hemp, and this pilot program anticipates the full legalization of hemp crops for industrial purposes in the future,” said Diamond in a statement. “My bill will put Pennsylvania in a position to reap the economic rewards that will come when further barriers are removed.”

Hemp, an incredibly resilient crop, can grow in a number of climate and soil types, and is largely pest-resistant. It can be used in everything from clothing and home installation to oils (including fuel), food items and paper production. In fact, paper products can be made with very few chemicals unlike with conventional paper mills, which use chlorine bleach to brighten products. A bit more obviously, hemp grows much faster than trees used in paper products, which would be a major coup for the environment. And these are just a small fraction of its existing and potential uses.

As with other states, Pennsylvania’s House Bill 967 grew out of an amendment to the 2014 federal Farm Bill. Signed into law by President Obama, this bill legally redefined industrial hemp as distinct from marijuana, opening the doors for states to pursue academic, state department and commercial research into its benefits as an agricultural crop.

If House Bill 967 passes the Pennsylvania house, the state will join 24 other states in industrial hemp research, including California, Hawaii, West Virginia and New York, amongst others.

OUR VIEW: Hemp holds promise for N.C. farmers Posted: October 9th, 2015 By: A Daily Journal Editorial

North Carolina lawmakers cooked up an appetizing bit of sausage in the closing days of their marathon regular session last month, though the process used to make it left us feeling a little queasy. Senate Bill 313, which is awaiting Gov. Pat McCrory’s signature, clears the way for farmers to grow industrial hemp after obtaining a permit from a state study commission. The bill also rewrites the N.C. Controlled Substances Act to distinguish hemp from marijuana.

The move is a leap forward for agriculture, already our state’s No. 1 industry. A versatile and sustainable crop, hemp is grown for its fibers, which are used to make paper, rope, building materials and clothing.

Hemp grows without the use of chemical pesticides and the plant even filters out toxins already in the soil, according to the North American Industrial Hemp Council, an advocacy group. The United States banned its cultivation “based on its biological connection to marijuana,” the council notes, a blunder that shows ignorance of plant science.

Though the crops are cannabis cousins, hemp contains only infinitesimal amounts of the THC found in marijuana that creates the drug’s psychoactive effect. Smoking hemp will not produce a “high.” It is grown by farmers for commercial use, not by users of medicinal or recreational marijuana.

The Marihuana Tax Act of 1937, which marked the U.S. government’s first step to regulate the drug, lumped hemp in with marijuana for no good reason. The feds followed suit with the Controlled Substances Act of 1970, and state legislatures largely mirrored the congressional template in their own drug laws.

Hemp is not, as some would suggest, a Trojan horse that will inevitably lead to the wholesale legalization of marijuana. It is a cash crop grown throughout the world, and struggling farmers in Richmond County and throughout North Carolina deserve the opportunity to see it sprout in their fields.

Linking hemp and marijuana was a knee-jerk reaction based on misinformed public sentiment rather than science. Allowing industrial hemp cultivation corrects that mistake.

In its first iteration, SB 313 was an innocuous bill introduced to add five more specialty license plates to the N.C. Division of Motor Vehicles’ already long list of customized tags. The full text was replaced with the unrelated hemp bill as a House Rules Committee substitute on Sept. 28.

Rules Chairman David Lewis, R-Harnett, is a farmer and farm equipment dealer. We’re sure he understands the value and importance of industrial hemp. A stand-alone bill would have been preferable, but the end may yet justify the means.

Though the practice of hollowing out a bland bill and using it to pass legislation that might not survive full debate is common in the General Assembly, this legislative legerdemain undermines the function of representative government and deprives residents of the chance to weigh in.

The sausage-making isn’t pretty, but the end result in this case is palatable. We urge McCrory to sign the bill and add hemp to North Carolina’s agricultural roster.

2016 Industrial Hemp Project Applications Sought Posted: Oct 09, 2015 By: WBKO.com

FRANKFORT, Ky. (WBKO) – Farmers, processors, universities, and others interested in conducting an industrial hemp pilot project in 2016, are invited to apply, Agriculture Commissioner James Comer has announced.

“The industrial hemp pilot projects have yielded valuable information the past two years,” Commissioner Comer said. “We look forward to another successful round of projects and encourage applicants to submit proposals to research hemp production, processing, manufacturing, and marketing. This work will help establish Kentucky as the epicenter of America’s industrial hemp industry once the remaining legal barriers to hemp production are removed.”

Applicants must complete an application and submit it to the Kentucky Department of Agriculture no later than Nov. 5, 2015. Applications and instructions are available on the KDA’s website at www.kyagr.com/hemp.

The department received 326 applications and approved 121 in 2015.

This year’s planting intentions totaled more than 1,700 acres, of which more than 922 acres were planted. In 2014, the first year of industrial hemp pilot projects, projects totaled just over 30 acres. The 2014 federal farm bill permits industrial hemp pilot programs in states where hemp production is permitted by state law. Legislation passed in the 2013 Kentucky General Assembly established a regulatory framework for industrial hemp production in Kentucky. Commissioner Comer led a bipartisan effort in support of the legislation, known as Senate Bill 50.

For more information, contact the Kentucky Department of Agriculture’s Industrial Hemp Program at (502) 573-0282, Option 1, or hemp@ky.gov.

Hemp Harvest Posted: Oct. 9, 2015 By: Bette McFarren (bmcfarren@ljtdmail.com)

On 30 acres of land just south of Swink, David Williams and Billy Seamons are harvesting hemp, first the seeds and later the stalks, to be used in a variety of ways.

“I have 30 acres in hemp. We are all clear with the state inspection, which means we can sell our seeds,” said David Williams, a farmer just south of Swink. Hemp has to have less than .3 percent of THC (the intoxicating element in marijuana) to be legal in Colorado. Hemp cultivation is now legal in Colorado, California, Kentucky, Maine, Montana, North Dakota, Oregon, Vermont and West Virginia, for the purposes of academic research and marketing. “We would have had to plow it under if it didn’t pass,” said Williams. Williams’ partner in the venture is Billy Seamons, and he is also good friends with the folks at Whole Hemp in La Junta, although their cultivation methods differ.

Whole Hemp’s seeds are being used to extract the medicinal oil, which is high in cannabidiol, an ingredient in many drugs used to treat such conditions as epilepsy, multiple scleroses and skin cancer (experimentally).

Leading the movement to legalize hemp cultivation is Ryan Loflin of Springfield, son of Sheila LeRoy of La Junta. “He has been planting hemp for five years now,” said LeRoy. Loflin has attracted the attention of national media for his experimental work. He believes hemp could be the financial boon to take southeastern Colorado out of its economic slump.

“Hemp is the new superfood,” said Hal Holder, retired farmer and wholesaler, who is helping Williams and Seamons with the farming operation. “Hemp seed is 28 percent protein. It is higher in omega oils than fish.” The Williams/Seamons crop now being harvested will be dried and separated in Rocky Ford with equipment manufactured by Oliver. This seed is destined primarily for planting.

Hemp seed is still expensive because its transport among the states is difficult due to federal regulations. Dwayne Sims, who did the testing on these fields for the Colorado Department of Agriculture, likes this operation because it is real farming, said Williams.

The seed being harvested in the Swink fields now is just the first crop. Inside the stalks, now drying in the fields, is a white substance called hurd. It will be chopped and marketed to high-end automobile manufacturers such as BMW and Mercedes Benz for use in dashboards. “They are working on an all-hemp car,” said Williams. It is mixed with an adhesive and becomes an extremely hard and durable substance after it has been molded into the desired shapes.

Hurd is also used to plug fracking wells that are producing too much oil and running over. “They like to use it,” said Williams, “because it is a natural substance which will not harm the soil around it.” It expands naturally to form the plug. Hemp fibers are used to make rope, which is durable, flexible and resistant to salt water damage. Hemp may also be used to manufacture durable cloth, building materials of all sorts and paper.

The planting season begins traditionally on Mother’s Day, which is the day on which George Washington planted his hemp fields. “Probably Thomas Jefferson, too,” said LeRoy. Here’s hoping a lot of seed from Otero County will be going into the ground next May. Williams expressed his gratitude to the Otero County Commissioners (Kevin Karney, Keith Goodwin and Jim Baldwin) for their encouragement in getting the industry started here.

For more information visit www.hempinc.com

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Hemp, Inc. (HEMP) Industry Update: Pennsylvania Advances House Bill 967 to House Floor in Matter of Minutes

October 8, 2015

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An increasing number of states are beginning to realize the enormous environmental and economic benefits of growing, rather than importing, industrial hemp. As the movement toward industrial hemp cultivation continues, more state officials are positioning their states to cash-in on the economic rewards.

Hemp, Inc. this morning reported that House Bill 967, which would allow industrial hemp to be grown or cultivated through special programs in the state of Pennsylvania, has advanced to the state’s House floor – and it didn’t take long. As reported in the article below, “the vote in the House Agriculture committee this week took just 10 minutes.”

Chris Goldstein of Philly.com, and associate editor of Freedom Leaf magazine reports…

William Penn is smiling. One of his favorite crops is on the way to a comeback in Pennsylvania.

Sponsored by Rep. Russ Diamond (R-Hershey) the bill seeks to bring back a crop that was a staple in the Keystone State for hundreds of years. Hemp is a cousin of marijuana that has been prohibited since the end of World War II.

“The feds are catching on to the enormous environmental and economic benefits of the use of industrial hemp, and this pilot program anticipates the full legalization of hemp crops for industrial purposes in the future,” said Diamond in a statement. “My bill will put Pennsylvania in position to reap the economic rewards that will come when further barriers are removed.”

Almost all of the hemp used in the United States for fiber and food is imported from Canada and Europe. China has been making inroads into hemp production in recent years as well. According to a Congressional Research Service report from earlier this year, the current U.S. market for hemp products is $580 million annually.

Traditionally hemp was used to make rope. Think of the miles of the stuff needed on the sailing ships of yesteryear. Hemp is versatile. Cables on ski lifts are hemp cordage wrapped in woven steel. Its fibers can be refined and made into soft cloth.

Hemp seeds are a valuable food source that have become available in mainstream grocery stores. The seeds can be roasted and eaten on their own or milled into a protein-packed flour that is completely gluten-free.

In Canada, Motive Inc. is making a car called the Kestrel from hemp. The body panels, seat covers and pretty much everything but the engine are hemp. Several Canadian companies are even making hemp guitars.

In Germany, thousands of acres of hemp are farmed every year. According to a report from the U.S. Congress we are the only industrialized nation on the planet that doesn’t farm this crop.

This year industrial hemp was harvested in Colorado, Kentucky and a handful of other states. Still there are only a few hundred acres being farmed in these nascent programs in the US. If hemp could be brought back in force it could be a real boon to family farmers. Remarkably resilient and low maintenance it is far less costly to produce than other fiber or food crops such as cotton or soybeans.

Rep. Diamond pointed out that the federal government has eased the way for states to begin allowing hemp. The U.S. Farm Act of 2014 made it official with language that allows states to pass such laws. This makes it easy for Pa. to green light production. Under the Pa. hemp bills, university programs and some farms, under a special license, will begin to produce research crops to prove the viability of the resource. Down the road full production can be ramped up.

The vote in the House Agriculture committee this week took just 10 minutes. There were no amendments. A companion bill in the Senate sponsored by Senator Judy Schwank (D- Fleetwood) is expected to be voted through the corresponding Senate committee in the next few weeks. They will then go to floor votes in both chambers.

Amazing how swift and smooth things can work in Harrisburg. Yet the polar opposite process is happening for medical cannabis. Last week a task force of House Representatives released a long-awaited set of recommendations for a compassionate use bill. The Senate passed a limited medical marijuana bill last May. Since then the House has done nothing but stall.

The bi-partisan group of thirteen reps was formed at the behest of House Majority Leader Dave Reed. The group met frequently over the summer. But the result was more legislative theater than forward momentum.

The task force considered everything from delivery methods to the number of dispensaries. In the end they agreed with the Senate that no smoking of medical marijuana should be allowed. Only pills, oils, tinctures and liquids for vaporizers should be permitted. They seemed to agree with SB3 on most points, including that there should be about 65 locations for medical marijuana dispensaries across the state.

Rep. Ron Marsico (R-Dauphin) has already introduced a competing bill that would cut the number of dispensaries to less than a dozen. The House now seems poised to amend SB3 rather than go with a new, separate bill. But that is not set in stone. There have been active medical marijuana bills in the Pa. House since 2009. Dozens of “information gathering” hearings have been held over the years but not a single House committee has actually voted on a bill.

Patients who already use underground cannabis and those who are hoping for something legal have been left in a terminal holding pattern. Some families have already relocated from Pennsylvania to Maine, Colorado and other states.

The current excuse from House leadership is the ongoing trench warfare over the budget between the GOP and Gov. Wolf. Because Wolf is supportive of the issue it is being held hostage. There was significant momentum to medical marijuana in the last 24 months. But the prospect of having a true, working program has dwindled. By all but assuring that patients will get only processed products and no whole plant cannabis, there will be little incentive for most patients to register. Even if a bill is signed into law sometime in 2016 it could take 2 to 3 years for a program to be regulated and put into place.

By that time Pa. residents might be able to take a short drive to Ohio or even New Jersey and buy some fully legal buds. We could legalize marijuana for medical and personal use as well as allow large scale hemp farming all at once. The combination would help severely ill Pennsylvanians, stop more than 17,500 arrests per year and net more than $500 million in new tax revenue. Such a move could reform criminal justice, revitalize agriculture and provide real compassion. Far from a pipe dream, we are watching this strategy work in other states.

The continued momentum in several U.S. states also emphasizes the value of Hemp, Inc’s operations. Bruce Perlowin, CEO of Hemp, Inc., noted how his company’s 70,000-square-foot processing plant is in the prime position to contribute to, and reap, the economic rewards of what it calls the Industrial Hemp Revolution.

“As more people become educated on the myriad benefits of industrial hemp, including how it can help the economy, I believe many more states will vote in favor of legalizing hemp. Our multipurpose hemp processing plant is the first and only commercial factory to be built in the United States in almost a century. We have been meticulously building the infrastructure to be able to vertically integrate growing, decortication, and milling and this is no small feat. We aim to spark a new clean green American Agricultural and Industrial Hemp Revolution for the American farmers and hemp product manufacturers,” he stated in this morning’s press release.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) Awaits Gov. Pat McCrory’s Signature with Eager Anticipation

October 6, 2015

hemp

Hemp, Inc. shared its excitement today via a press release as North Carolina residents await Governor McCory’s signature to cement the legalization of industrial hemp in North Carolina. Last week, Industrial Hemp Senate Bill 313 was passed by both the House and Senate and stated the industrial hemp industry can “expand employment, promote economic activity, and provide opportunities to small farmers for an environmentally sustainable and profitable use of crop lands that might otherwise be lost to agricultural production.” In fact, Hemp, Inc. has already injected over a million dollars in North Carolina’s economy with the purchase of the Temafa decortication machinery, related items and the workforce needed to build the infrastructure of the only commercial hemp processing facility in the United States.

The company’s subsidiary, Industrial Hemp Manufacturing, LLC, has also begun receiving applications from residents for future employment. “While we can not, at this time, quantify the amount of jobs our plant will create, we suspect hundreds of jobs will be created either directly and indirectly within our industry. Our presence in Spring Hope, North Carolina is already stimulating the local economy,” says David Schmitt, COO of Hemp, Inc.’s subsidiary, IHM. “From seed to sale, from farmers to the manufacturers, to the retail stores… this ripple effect could potentially create hundreds of jobs.”

According to the North Carolina Department of Agriculture and Consumer Services, “North Carolina’s agricultural industry contributes $78 billion to the state’s economy, accounts for more than 17 percent of the state’s income, and employs 16 percent of the work force. The state’s 52,200 farmers grow over 80 different commodities, utilizing 8.4 million of the state’s 31 million acres to furnish consumers a dependable and affordable supply of food and fiber. The state ranks seventh nationally in farm profits with a net farm income of over $3.3 billion. Net income per farm in the state is over $63,000.”

Hemp, Inc.’s processing facility is certainly the catalyst for an economic boom in not just Nash County, but the state of North Carolina, say executives. “We have kenaf growing in three different counties… we support the small family farm,” said Bruce Perlowin, CEO of Hemp, Inc.

Now, the state is abuzz with an imminent reality of growing, not importing, industrial hemp. Kat McReynolds of Mountain Xpress NC reports…

NC’S HEMP BILL AWAITS GOVERNOR’S SIGNATURE

Posted on October 5, 2015 by Kat McReynolds

North Carolina farmers may soon be the newest competitors in the worldwide hemp market, pending a signature from Gov. Pat McCrory. Growing industrial hemp, as opposed to simply importing and processing it for use in derivative products, would be legal in North Carolina under Senate Bill 313 — which originally pertained to license plates and registers of deeds until a subsequent addition by sponsor Rep. Jeff Collins, R-Nash County. McCrory’s approval is the last step after speedy affirmative votes in both the N.C. House (101 votes to 7) and Senate (42 votes to 2).

“From all indications, the governor is going to sign it,” says Blake Butler, hemp advocate and organizer of Asheville’s recent HempX festival. “He’s in support of it.”

If the bill is enacted, an industrial hemp commission will be tasked with managing a statewide pilot program to monitor the inaugural cohort of commercial growers and researchers of the versatile crop, which is used to make thousands of products.

Carolina cannabis

Hemp is a variety of the cannabis plant, but smoking it doesn’t produce a high. By definition, industrial hemp must contain less than 0.3 percent of THC — the substance responsible for weed’s psychoactive effects — while marijuana’s average THC content has climbed from about 10 percent THC by weight to 30 percent over the past 30 years, according to a study by Colorado-based research lab Charas Scientific.

Despite containing only trace amounts of THC, the federal government lumps hemp in with marijuana as a Schedule I drug under the Controlled Substances Act, meaning the plant’s production and use fall under the watchful eye of the U.S. Drug Enforcement Agency.

The DEA’s main concern surrounding hemp is that “commercial cultivation could increase the likelihood of covert production of high-THC marijuana, significantly complicating DEA’s surveillance and enforcement activities and sending the wrong message to the American public concerning the government’s position on drugs,” according to a 2015 Congressional Research Service report prepared for Congress, titled “Hemp as an Agricultural Commodity.” Hemp advocates, however, claim that cross-pollination between hemp and marijuana would actually lower the THC content of the latter, devaluing the harvest.

Still, the 2014 U.S. Farm Bill (P.L. 113-79) allows states to enact their own regulatory systems surrounding industrial hemp cultivation. Until now, North Carolina law remained silent on the subject, even as other Southern state governments accommodated the controversial plant. Currently, 20 states have adopted Farm Bill-compliant laws to accommodate cultivation under varying circumstances.

If signed into law, North Carolina’s new bill will call for the formation of an industrial hemp commission to manage the state’s pilot program. The commission will issue paid permits (their number and geographic distribution are still to be determined), establish a reporting system for growers and ensure compliance with federal law. Also included in the industrial hemp bill is a plan to establish research partnerships with N.C. State University and North Carolina A&T University, as well as to conduct studies on economic potential and best agricultural practices.

Growing business

To be clear, it is already legal, with the correct paperwork, to process hemp in North Carolina into any of its thousands of derivative products, such as food products, hygiene items, textiles, building materials and biofuel. But for decades, North Carolinians have been forbidden to grow hemp. Instead, companies have relied upon neighboring states and other countries, including leading exporter China and dozens of other nations, for their hemp needs. To capitalize on the new legislation, then, will require action from North Carolina’s farming community.

“Between thousands of acres of unused farmland and vacant textile mills in every county, this is a true, unrecognized economic opportunity for our region,” Butler says, but “it’s not even on [farmers’] radar.”

Aspiring grower Claudia Townsend says she has applied to attend the Organic Growers School’s new year-long Farm Beginnings course with hopes of launching a hemp farm, despite the school’s current lack of hemp-specific expertise. Until now, local landowners have been hesitant to discuss leasing her a space for the venture, but Townsend is hopeful that legalization will legitimize her proposals.

Butler says he hadn’t heard any interest from WNC farmers in growing hemp until his inaugural HempX festival last month, but “farmers are starting to engage,” he says, noting an uptick in hemp-related inquiries since news of the legislative progress.

Molly Nicholie, Appalachian Sustainable Agriculture Project’s local food campaign program director, reports a similar silence in ASAP’s network, adding: “I think that a lot of [farmers] don’t want to put time into thinking about it until it’s legal [and they] will sit back and watch other folks do it until they see if it’s worth their time.”

Meanwhile, Western North Carolina companies that are particularly hip to hemp have been eagerly awaiting the opportunity to tighten the geographic spread of their supply chains.

Smiling Hara Tempeh co-owner Chad Oliphant, for example, sourced hemp from Canada for the company’s pilot batches of Hempeh before partnering with farmer Mike Lewis‘ Growing Warriors Project in Kentucky. Oliphant says Smiling Hara will be looking to purchase from North Carolina growers as soon as it’s feasible, but he expects that to take a few years.

“I have been involved with hemp farmers in Kentucky, and we are still figuring out logistics such as processing, transport and pricing,” he says. “It will be interesting to see how quickly the industry will be able to develop in North Carolina.”

Similarly, Plant chef Jason Sellers says buying regional hemp would “inspire me to use more of it in the kitchen.”

Asheville’s Alembic Studio LLC designs and implements hempcrete buildings across North America and in New Zealand using hemp from the latter, but “we have long anticipated the opportunity to be able to source this product from our own state,” says Timothy Callahan, Alembic technical design analyst and master builder.

Sara Day Evans, founding director of Accelerating Appalachia, says aspiring hemp entrepreneurs are inquiring about participating in her organization’s next nature-based business accelerator program. “We have applicants from Kentucky, West Virginia and North Carolina — all doing hemp. Most of them are actually small processors, which is good,” she says.

Notably, publicly traded organization Hemp Inc. recently purchased one of the nation’s only decortication machines — a specialized piece of equipment used to break hemp into fiber and hurd for further processing. The company then relocated the asset to a subsidiary in Spring Hope (located in Nash County, which the industrial hemp bill’s sponsor Collins represents).

In light of the disparity in interest to date between WNC farmers and local commercial users, Butler says his team may soon hold information sessions on potential hemp opportunities.

BREAK IT DOWN: A decortication machine at Industrial Hemp Manufacturing, LLC in Spring Hope — the largest such piece of equipment in the states, according to the company — breaks raw hemp into its component parts for further processing. The plant is located in Nash County, the district Industrial Hemp Bill sponsor Rep. Jeff Collins represents.

To plant or not to plant

Even if they are interested in pursuing hemp as an auxiliary or main crop, farmers will find it difficult to unearth conclusive figures on hemp’s demand and profitability, due to piecemeal studies. Further, differing strains of hemp are better for different end uses, meaning aggregate hemp figures may not be meaningful for each submarket.

Allowing for limited data, the previously mentioned CRS study “Hemp as an Agricultural Commodity” estimates nearly $36.9 million in U.S. imported seeds and fibers (predominantly used as manufacturing inputs), which represents a sixfold increase since 2005. Annual sales for U.S. hemp-based products made with those seeds and fibers, along with other hemp-related imports, exceed $580 million.

After Kentucky took advantage of the 2014 Farm Bill’s deferral to state laws, Lewis became the first person in the country to legally grow hemp. He says his crops are “well-adjusted and perform just fine without any fertilizer,” although fertilizer was used as part of trials.

Strains for both food and fiber performed well on his land, but he says other farmers growing strains with high levels of CBD (a nonpsychoactive cannabinoid being researched for potential medicinal applications) had trouble with spider mites.

With proper planning, growers can get multiple harvests in a single year, but Lewis notes that his back-to-back plantings drew twice the nutrients from the soil. “The economic feasibility still needs to be determined,” he says.

The National Hemp Association’s website, meanwhile, credits the plant for requiring few pesticides and returning nutrients to the dirt, reading: “Hemp has been grown on the same soil for 20 years in a row without any noticeable depletion of the soil.”

Despite hemp’s attributes and his belief in the potential for profits, Lewis says he’s still traversing the learning curve.

“I don’t anticipate making any real farm gate income from my crops for another two years,” he says. “The problem we currently have is a bottleneck of [general agriculture product] processors. The only processors are very large in scale, many requiring 50,000 acres of product a year.”

“That type of production level ultimately keeps family farms as price-takers,” he continues. “If we are really going to see the real economic potential of this crop realized, it will need to be grown, processed and sold as locally as possible. Otherwise we are playing into the commodity markets, and that doesn’t usually equal profits for a small-scale producer like me.”

For more information on hemp and hemp legislation, visit nationalhempassociation.org or ncindhemp.org.

Hemp, Inc. (HEMP) Applauds House, Senate Passage of Proposed Bill for Industrial Hemp Cultivation in NC

October 1, 2015

hemp

Hemp, Inc. this morning expressed its favor of proposed Senate Bill 313, which earlier this week passed the House and the Senate with a vote of 42 to 2. Upon final approval by Governor Pat McCory, the bill will authorize an industrial hemp pilot program within the state of North Carolina and establish the Industrial Hemp Commission (IHC) to implement and oversee the university research program for the cultivation of industrial hemp.

IHC will collaborate with the North Carolina Industrial Hemp Association (NCIHA), of which David Schmitt, COO of Hemp, Inc.’s North Carolina-based Industrial Hemp Manufacturing, LLC subsidiary, is on the board of directors.

Bruce Perlowin, CEO of Hemp, Inc., in the news release stated, “We couldn’t be more excited. Just one day after the House approved the bill, it was approved by the Senate. This is a major accomplishment for the state. Years ago, the Senator Stan Bingham attempted to pass an Industrial Hemp bill but North Carolina’s law enforcement opposed it and that buried the bill. Now, there are no objections to it. People are being educated on the myriad benefits of industrial hemp, including how it can help the economy. I believe we’ll see less objections across the country as more people begin to understand what hemp is and how it can benefit them as an individual and how it benefits their community. Our multipurpose hemp processing plant is the only one in the state, so we are thrilled.”

Despite snags in legislation, the U.S. market for hemp products was valued to be at least $620 million, according to the non-profit trade association Hemp Industries Association (HIA). This includes hemp food, body care products, non-diary milk, shelled seeds, soaps, lotions, clothing, auto parts, building materials and various other products.

Per Senate Bill 313 (which can be viewed here), the general assembly declared that promoting and encouraging the development of the industrial hemp industry will benefit North Carolina residents by promoting economic activity, expanding employment, and providing opportunities “to small farmers for an environmentally sustainable and profitable use of crop lands that might otherwise be lost to agricultural production.”

“This is exciting news for North Carolina farmers who will be able to cultivate industrial hemp again for the first time in 71 years,” said Thomas Shumaker, executive director for NCIHA.

Passage of the bill through North Carolina’s House and Senate is also exciting news for Hemp, Inc., whose multipurpose industrial hemp processing plant in Spring Hope, North Carolina, is 80% complete. As previously announced, German engineer Jens Kleinert of Temafa Machines, the manufacturer of Hemp, Inc.’s decortication machine, is visiting the plant to monitor the re-installation and has since derived a list of final tasks that need to be done in preparation for maximum operational efficiency.

Once the facility is operational, Hemp, Inc. will process kenaf until Senate Bill 313 goes into effect. Kenaf, known as “cotton’s cousin,” is a fibrous hibiscus cannabinus plant with a growing number of uses, including paper, carpet backing and padding, roofing felt, fire logs, cardboard and more.

“Even with the kenaf, we expect it to produce millions of dollars in revenue a year, which is already legal and very lucrative,” he stated.

For more information on Hemp, Inc. visit www.hempinc.com

For more information on current hemp laws, visit www.VoteHemp.com

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Hemp, Inc. (HEMP) Highlights Initiative to Legalize Industrial Hemp in North Carolina

September 29, 2015

hemp

Hemp, Inc. this morning reported that the hemp bill that replaced Senate Bill 313 could put the production of industrial hemp another step closer to legalization in North Carolina. The company pointed to a recent article by The News & Observer, “Hemp Farming Gets Support from NC House Panel,” which states that if the bill successfully passes through Congress, an appointed N.C. Industrial Hemp Commission would manage a pilot program.

The article also notes that the appointed commission would provide applications for hemp farming and coordinate research projects with N.C. State and N.C. A&T universities, falling in line with the Farm Bill (2014), which defines industrial hemp as distinct and authorizes universities or state agriculture departments to conduct research and pilot programs.

If passed through both the House and Senate, North Carolina’s hemp bill will also allow for hemp farming in the state. Representative Jeff Collins, sponsor of the legislation, believes North Carolina is the ideal location for hemp cultivation as it is home to one of five decorticators in the world.

“The Spring Hope facility will give North Carolina farmers a leg up in this industry,” Collins is quoted as saying in The News & Observer.

In light of this news, Hemp, Inc. appears to be well-positioned to take advantage of any opportunities stemming from the pending legislation. The company also issued an update on the status of its multipurpose industrial hemp processing plant in Spring Hope, North Carolina, which is now 80% complete. Among other updates, the company said the processing plant is being prepped for maximum operational efficiency and, in addition to three visits from a German engineer, an electrical contractor is on site assembling the electrical wiring. To-date, 50% of the wiring has already been laid in the cable trays.

While Hemp, Inc. executives expect the plant to be fully operational before the end of the fourth quarter of 2015, the company warns that unexpected delays could occur – though potential delays don’t dampen the company’s optimism over the potential of the entire project.

“Our hemp processing plant is the first and only commercial factory to be built in the United States in almost a century. We have been meticulously building the infrastructure to be able to vertically integrate growing, decortication, and milling and this is no small feat. We aim to spark a new clean green American Agricultural and Industrial Hemp Revolution for the American farmers and hemp product manufacturers. The infrastructure, now being put in place, will also have an astounding effect on the economy, all due to the revival of industrial hemp,” Bruce Perlowin, CEO of Hemp, Inc. stated in the news release.

According to the company, the fact that hemp is not yet legal in North Carolina played no role in setting up shop in North Carolina. Executives say the company will process kenaf as soon as the decortication machinery is operational.

“We expect it to produce millions of dollars in revenue a year just from processing kenaf, which is legal and also very lucrative,” said Perlowin.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) Strategically Positioned to Capitalize on Growing Movement to Legalize Industrial Hemp Production

September 25, 2015

hemp

Production of industrial hemp, though currently illegal throughout much of the country, is ingrained into the very fabric of the United States. George Washington was a noted proponent for hemp production, and farmers were even permitted to pay their federal taxes with the vital crop for more than 200 years. By 1850, there were more than 8,300 hemp farms across the nation. However, additional taxes imposed by the Marihuana Tax Act of 1937 made hemp production too expensive to compete with international operations. If that didn’t damage the country’s industrial hemp market enough, a bit of mistaken identity with its high-inducing cousin was enough to land industrial hemp on the country’s blacklist following the Controlled Substances Act.

Although imported hemp has been legal since 1998, the federal government has been reluctant to remove the regulatory ban on the production of the useful crop. As a result, states are beginning to take matters into their own hands. In 2014, farmers in Colorado harvested the first legal, domestically-produced industrial hemp crop in more than half a century, and other states have since taken notice of the success of the Colorado industry. Hemp, Inc., through the operation of its 70,000 square-foot decortication and milling plant, is prepared to capitalize on this movement when legalization is achieved in North Carolina.

Since 2014, a total of 13 states – including South Carolina, Virginia, Tennessee and Kentucky – have passed laws allowing industrial hemp farming for research and/or commercial purposes. In July, the state of North Carolina took a major step toward hemp legalization when it enacted a new law allowing for the prescription of hemp oils to patients with intractable epilepsy without the need for a pilot study. Hemp, Inc.’s management team highlighted the considerable promise provided by this decision.

“Many advocators and supporters feel this is a huge step for any level of medicinal use of the cannabis plant,” Craig Perlowin, secretary and director of Hemp, Inc., stated in a news release. “How long do you think it will take for North Carolina to allow it to be grown in its own backyard? After these amendments, I suspect not long at all.”

In the meantime, Hemp, Inc. is putting its decortication plant – which is among the largest in the world – to work by processing kenaf, an annual, non-wood fiber plant that’s indigenous to central Africa. For prospective shareholders, the company demonstrates tremendous potential upside, particularly as the movement to legalize industrial hemp production in North Carolina gains steam.

For more information, visit www.hempinc.com

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Hemp, Inc. (HEMP) 70k Sq. Ft. Processing Plant Accelerates Production of Hemp-Infused Consumer Goods & LCM for Drilling Industry

September 21, 2015

hemp

With California’s landmark Assembly and Senate passage of sweeping marijuana regulations this month, as the Medical Marijuana Regulation and Safety Act heads for an eager pen of Gov. Brown, the state’s $1.15 billion marijuana market (BIS Research, September 1) – which is the largest in what was a $2.7 billion legal marijuana market last year – has now reached a significant milestone. But this milestone, set in the country’s most populous state, applies to the much broader U.S. cannabis industry.

That industry is now forecast to hit $20.67 billion in 2020 (Research and Markets, September 18), on an estimated CAGR of 29.80 percent. One of the big components that will do quite well in all of this is going to be hemp, and it’s a subject that is largely under-reported on. Given that hemp was illegal to grow without a permit for decades, and that the 2014 Farm Bill finally made it possible for Americans to grow limited quantities of hemp, the $620 million (Hemp Industries Association, 2014) U.S. market for hemp is currently being serviced by some $500 million in imports.

With modern processing techniques, the powerful organic fibers in the hemp plant can be extracted for various important industrial uses, including a key LCM (lost circulation material) product for the global drilling fluids market, which was recently forecast in a report published by MarketReportsHub.com in January, as being on track to hit $16.31 billion by 2019. High-quality LCM is used in drilling mud to ubiquitously plug fractures or handle porosity in geological formations, which lead to lost pressure and output, and potentially blowouts. The high-grade organic fiber in hemp is perfect for this application, but the limited domestic market has hindered its more widespread use, even though it is superb at handling a variety of pressure and temperature related phenomena without impairing the rheology (fluid dynamics of substances like muds) of the drilling fluid, or increasing fluid-loss.

Hemp can be made into a wide variety of consumer goods as well, from fine clothing and shampoos, to high-grade medicinal cannabidiol and nutraceuticals for the rapidly expanding global nutraceutical market, which is set to grow at around 8 percent CAGR, from $186.2 billion this year to around $270 billion in 2020 (Associated Chambers of Commerce and Industry of India and RNCOS, August). However, it is the lucrative niche market in LCM that North Carolina based Hemp, Inc. has its eyes on the most, with the launch of the company’s custom 70,000 square-foot multipurpose industrial hemp processing plant, expected to be the biggest in all of North America, and capable of doing everything from decortication (fiber stripping) to milling.

The company’s existing portfolio of hemp-infused consumer products, like shampoos and conditioners, lip balms, moisturizers, skin treatment oils, and candles, showcase an already well-developed branding sense. Sure, Q2 sales this of nutraceuticals/bed and bath were up this year, but revenues from the company’s forthcoming DrillWall™ product, used to maintain seals across both energy and water drilling markets, are expected to be as much as just under of $1 million a month.

Given such revenue projections from the company using a limited workforce of one crew shift per day and an output of only one ton per hour, a three-crew shift cycle means HEMP could be raking in $2.94 million a month from its new facility, via juicy three to five year contracts typical among LCM buyers. The company is also working on an absorbent hemp product used to soak up spills called SpillSorbent™, made with hemp and another fibrous plant known as kenaf. The company already has almost five million pounds of material stored at its massive decortication facility and as of mid-August, the 150 acre kenaf crop of Tainung 2 cultivar, a kenaf variety prized for its maximum mass yield, was about seven feet high and on schedule for harvesting before the end of the year.

Learn more by visiting www.hempinc.com

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Hemp, Inc. (HEMP) Subsidiary’s COO Named to the North Carolina Industrial Hemp Association (NCIHA) Board of Directors

September 10, 2015

hemp

Hemp, Inc. today announced that David Schmitt, chief operating officer (COO) of the company’s Industrial Hemp Manufacturing, LLC subsidiary, has been elected to the North Carolina Industrial Hemp Association (NCIHA) board of directors for the 2015-2016 term.

For more than a year, the NCIHA has aggressively pushed for legalization of hemp in North Carolina. The association’s efforts begin at a grassroots level, serving as a hub of industry information and development for farmers, processors, retailers, consumers and educational/governmental stakeholders in North Carolina.

The state is also home to Industrial Hemp Manufacturing and its 70,000-square-foot decortication plant – the largest in North America – where Schmitt applies his more than 20 years of senior level management experience in the natural fiber industry to the subsidiary’s advancement.

For the last decade, Schmitt has participated in growing and processing of natural fibers such as kenaf, jute, and is now gearing up for industrial hemp. Through extensive research and development, he has also brought to market several new products, including DrillWall™, a loss circulation material (LCM) used for maintaining the seals on drilling for water, oil, gas and any other liquid or gas.

This managerial and industry experience makes Schmitt a complementary fit for the NCIHA’s endeavors, according to NCIHA Executive Director Thomas Shumaker.

“We are honored to have him take his seat on our board. His knowledge and experience in the field of industrial hemp processing will serve as an invaluable asset,” Shumaker stated in the news release.

NCIHA is currently “lobbying the North Carolina legislature to legalize the propagation of Industrial Hemp,” the passage of which the organization says would:

• Establish an agricultural program to grow or cultivate industrial hemp in the State of North Carolina; permit the growing, cultivating, possession and sale of industrial hemp and products containing hemp;
• Remove industrial hemp from the definition of marijuana in the North Carolina General Statutes;
• Allow a person, firm or corporation to grow industrial hemp for commercial purposes upon proper application and receipt of a license from the Commissioner of Agriculture;
• Provide for an initial, graduated license fee, to be paid by each grower, based upon the number of acres proposed for cultivation of industrial hemp; and
• Provide for the creation of the North Carolina Industrial Hemp Commission.

Schmitt supports the NCIHA’s pursuit and said he looks forward to joining the cause.

“It is truly a privilege to join such a driven group of, not only, hemp advocators, but promulgators in support of state laws legalizing the growing and processing of industrial hemp,” he stated. “NCIHA’s core team members are really champions for industrial hemp and providing a means for farmers to economically benefit from the revival of hemp with sustainable crops. So, I’m really looking forward to serving on the board and collaborating with peers to help legalize hemp in the state of North Carolina.”

Hemp, Inc. Chief Executive Officer Bruce Perlowin noted the timeliness of Schmitt’s appointment to the NCIHA’s board of directors.

“With our multipurpose industrial hemp processing plant in the final stages of being fully re-assembled, David’s appointment to the NCIHA board of directors could not have come at a better time,” he said. “Our plant in North Carolina will have the ability to vertically integrate growing, decortication, and milling. Not only do we expect it to produce millions of dollars in revenue a year from processing kenaf and, later, hemp, it’s aligned with our commitment to the American farmers and to spearheading a new clean, green American agricultural and industrial revolution.”

Located on 9 acres in Spring Hope, North Carolina, Hemp, Inc.’s multipurpose industrial hemp processing plant is nearly 70 percent complete. The company has deployed a skilled crew to conduct internal assessments of the equipment and ensure that every aspect of the decortication line is prepped for maximum operational efficiency. Hemp, Inc. expects the plant will be fully operational during the fourth quarter.

For more information visit www.hempinc.com

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Hemp, Inc. (HEMP) is “One to Watch”

September 2, 2015

hemp

Hemp, Inc. (HEMP) is engaged in the research and development of products that harness the immense benefits of industrial hemp. From cosmetics, jewelry and food to fabric, paper and pulp, the potential applications of hemp represent a myriad of marketable, environmentally-friendly possibilities. The company’s strategy involves recognizing the profits inherent in making the world a better place through the industrial commercialization of this underutilized natural resource.

Hemp, Inc. subsidiaries include Industrial Hemp Manufacturing, LLC, which will soon be offering lost circulation material for use in drilling and oil spill clean-up, and The Industrial Hemp and Medical Marijuana Consulting Company, Inc., which offers consulting services for the medical marijuana and industrial hemp industries.

Hemp, Inc. conducts its operations – including product development and marketing – through its headquarters in Las Vegas, Nevada. Through wholly-owned subsidiary Industrial Hemp Manufacturing, LLC, the company also conducts industrial manufacturing business from its 70,000-square-foot processing plant in North Carolina. This facility features a full line of decortication equipment, which can be used in the manufacture of more than 25,000 commercial products. The company’s current product offerings include a full line of CBD-infused cosmeceutical and nutraceutical products, which have been shown to promote a collection of health-related benefits.

Hemp products are used through the U.S. each and every day and are sold in some of the nation’s largest and most well-respected stores. Not to be confused with marijuana, hemp does not contain psychoactive compounds and is currently legal for consumption in the United States and most of the world. However, production of industrial hemp remains prohibited in much of the country. Hemp, Inc.’s mission is to change that fact by educating the public on the importance of hemp while working to expand corporate infrastructure and invest in profitable, legal and diversified ventures poised to bring reward and value to shareholders.

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Hemp, Inc. (HEMP) Posts 2Q Financial Results

August 31, 2015

Hemp, Inc. (OTC: HEMP) today announced that sales for the second quarter ended June 30, 2015, were up significantly over the first quarter, and provided insight regarding details of the company’s manufacturing facility and applications of products.

“Although sales were up significantly, this is now an insignificant part of our business model at this time. Pending completion of our multipurpose industrial hemp processing plant that vertically integrates growing, decortification, milling and more, millions of dollars in revenue can potentially be generated per year. Thus, the direction of the company has now shifted,” Hemp, Inc. CEO Bruce Perlowin stated in the news release.

While the direction of the company has shifted toward more advanced processing in the milling line, Perlowin says the company will continue to market its hemp-based cosmeceutical and nutriceutical product line.

“In terms of generating profit, our multipurpose industrial hemp processing facility in Spring Hope, North Carolina, by far, outweighs any sales revenue generated from our product line which is why we feel it best to shift focus,” Perlowin said, also noting that all of the equipment, including the new milling line, was purchased by Hemp, Inc. at a deep discount.

Completion of the plant provides Hemp, Inc. the vertical integration of hemp from field to end user solutions. The decortication line separates the bast from the core for use in plastic, paper, fiberboard, etc. The core will then be further processed at the plant’s advanced milling component generating Lost Circulation Material (LCM) making drilling safer for the environment and also making spill absorption material for soil and water remediation. U.S. Naval studies have shown that Kenaf and Hemp are the most absorbent natural materials on earth.

Committed to “the American farmers and to spearheading a new clean, green American agricultural and industrial revolution,” Hemp, Inc. said it hopes to generate revenue from processing Kenaf and, later, hemp for the oil drilling pipes, textile, building automotive and other industries.

According to David Schmitt, COO of Hemp, Inc.’s Industrial Hemp Manufacturing LLC subsidiary, once the company begins to manufacture DrillWallTM LCM, revenues can potentially range from $392,000 to $980,000 per month based on an output of just 1 ton per hour, one crew shift per day. With three crew shifts per day, revenues can potentially range from $1,176,000 to $2,940,000 per month. Potential buyers of LCMs typically seek three to five-year contracts from suppliers which would create a substantial and steady revenue stream for Hemp.

Industrial Hemp Manufacturing will also produce and sell SpillSorbent™, an absorbent made from the core fiber of Kenaf and Hemp plants. This biodegradable, core material is found to be the most absorbent natural material on earth and can absorb oil in minutes.

Hemp also has a green technology to make plant fibers fire retardant, water repellent, absorptive, and super soft. Natural fiber can be provided as cut fiber, treated fiber, thread, string, textiles, non-woven or needle punched products.

The company has over 4 million pounds of Kenaf on-hand and also planted a Kenaf crop this year which should be harvested by the end of this year. The crop will be the first crop processed by Hemp, Inc.’s decortication facility.

On 9 acres, multipurpose industrial hemp processing plant is almost 70% complete and has a 6-inch cement foundation and a refrigerated section. A skilled crew conducting internal assessments of the equipment has been ensuring every aspect of the Temafa decortication line is prepped for maximum operational efficiency. The plant is expected to be fully operational in the next 90 – 120 days.

For more information visit www.hempinc.com

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