Hemp Inc (HEMP)

[Condor65]

Comeback For Industrial Hemp?

MURRAY, Ky - At its peak in the 1930’s, hemp was hailed as the first billion dollar crop in America. That same decade, it was banned. After a brief respite during World War II (America needed the rope) the ban was re instituted. Until now.

As part of the 2014 Farm Bill, industrial hemp is being grown at Murray State University and fifteen pilot programs across the state of Kentucky. “It grows very quickly,” says Tony Brannon, Dean of MSU’s Hudson School of Agriculture, who says the crop went from waist-high to shoulder-high in one week’s time. “It’s amazing in its growth pattern...really close to kenaf or some of the sorghums in its growth rate.” Hemp is produced now in Canada and China but seems to thrive in our local soil and climate, just as it did when Kentucky was the leading producer.

Dr. Brannon says he can see hemp “having potential to fill a niche market.” Christopher Boucher has a much bigger vision. He’s with the U.S. Hemp Oil Association and says more than half a billion dollars worth of hemp is imported into the U.S. every year—and it’s not just for rope anymore. “We have the protein powder, Boucher says. “We have the hemp seed oil. Hemp seed meal. Also you have a lot of the textiles. Hemp tee shirts, hemp clothing. Medical applications…whether it’s for seizures, neuro-protection, prophylactic cellular encapsulation.”

Dr. Brannon says that hemp shows promise as an additive to animal feed and adds that “Ford Motor Company is definitely looking; they actually import some material to make car dashboards and door panels and stuff out of the hemp fiber to make it stronger and lighter.”

A big problem for the hemp proponents has been its obvious similarity to marijuana. That’s the reason it was banned ¾ of a century ago. But hemp has only a trace amount of THC, the compound that gives marijuana smokers a high. Hemp’s loaded instead with CBD, a very useful compound. Law enforcement has also expressed concern that marijuana growers could hide their pot plants in fields of hemp so as not to be detected. “What’s funny about that, Boucher says, “is industrial hemp is a marijuana grower’s worst nightmare because of the pollen. You cross-pollinate and that marijuana’s gonna go downhill. It’s going to ruin the THC, it’s going to ruin the buzz.”

A local sheriff we contacted said he’s open-minded about industrial hemp now that he’s gotten more information. He still has some concerns. “Will we have to send every baggie of evidence to a crime lab to prove that it’s pot and not hemp?”

Boucher has been promoting industrial hemp for about twenty years and says he’s seen more progress this past year than all the others combined. For now, he is fully aware that the infrastructure is not in place. “Which comes first, the factory or the farm?” Boucher asks, before answering his own question with a prediction. “Within probably 12 to 24 months, we can see factories being built and farm contracts go out and have a place where farmers can actually deliver their crop and get paid for it on the spot.”

Don't forget the VIDEO

http://www.wpsdlocal6.com/story/26101827/comeback-for-industrial-hemp#.U9GDiq8CsXs.facebook

My opinion:

We don't need to wait 12 or 24 months.

We are are ready, now !

For the people who don't remember or don't want to remember, the link below:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103482320