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Home > Boards > US OTC > Cannabis > Hemp, Inc. (HEMPD)

HEMP isn't dependant on legalization for success like

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Sand Piper   Tuesday, 10/30/12 07:25:14 AM
Re: None
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HEMP isn't dependant on legalization for success like other stocks
Cleaning up the balance sheet and making HEMP products/marketing was a great move by the boards vote FR all inclusive benefitting shareholders as well.

Is industrial hemp illegal to grow in the United States?
     A: Technically the answer is no, it is not illegal to grow hemp in the U.S. and it has only been in its current state since the adoption of the Controlled Substances Act (CSA) in 1970. Tara Christine Brady noted this in her 2003 story "The Argument for the Legalization of Industrial Hemp" in the San Joaquin Agricultural Law Review:

"Currently it is illegal to grow hemp in the United States without a special Drug Enforcement Administration (DEA) permit being issued."
     Jean Rawson, of the Congressional Research Service, also noted this in her 2005 CRS Report "Hemp as an Agricultural Commodity" for the U.S. Congress:

"Strictly speaking, the CSA does not make Cannabis illegal; rather, it places the strictest controls on its production, making it illegal to grow the crop without a DEA permit."
     Growing hemp is kind of like driving, you can't drive without a license and you can't grow hemp without a permit. The difference is that it is almost impossible to get a permit from DEA to grow hemp. An excellent example is John Stahl, of The Evanescent Press, and his DEA permit story.

Always short a stock prior to buying the POS....lmao
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