Hemp Inc (HEMP)

[worldisfullofDerps]

***New Sponsor Added to H.R.525 - Industrial Hemp Farming Act of 2015

Rep. Tonko, Paul [D-NY-20]

This brings the total sponsors to 68, up from the original 47. The current sponsors indicate bipartisan support.

The verbiage of the bill is quite simple: 'To amend the Controlled Substances Act to exclude industrial hemp from the definition of marihuana'

Sen. McConnell, Mitch [R-KY] is the Senate Majority Leader, one of the original sponsors, and has historically shown support for hemp legalization (Hemp is legal in Kentucky).

President Barack Obama signed the 2013 Farm Bill, showing support for the movement, and has been outspoken that the Fed will not interfere with the emerging Cannabis markets.

DEA Plans To Decide Whether To Reschedule Marijuana By Mid-Year - http://www.huffingtonpost.com/entry/dea-marijuana-reschedule_us_5704567de4b0537661881644

New DEA Chief, Chuck Rosenberg, claims to focus less on Marijuana - see: http://www.theweedblog.com/new-dea-chief-claims-he-will-focus-less-on-marijuana/

Pot Money Changing Hearts in Washington - http://www.cnn.com/2015/07/10/us/washington-marijuana-70-million-tax-dollars/

Cannabis and Banking:

Colorado Pot Bank Sues the Fed - http://money.cnn.com/2015/07/31/news/marijuana-pot-bank-sues-fed/index.html?iid=hp-stack-dom

Colorado senators want cannabis cash in the banks - http://www.coloradoindependent.com/154400/colorado-senators-want-cannabis-cash-in-the-banks

Lawmakers seek to allow federal banking for marijuana industry - http://blog.sfgate.com/smellthetruth/2015/07/13/lawmakers-seek-to-allow-federal-banking-for-marijuana-industry/

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Source: https://www.congress.gov/bill/114th-congress/house-bill/525/cosponsors?pageSort=lastToFirst