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Illinois’s full Senate has voted unanimously in favor of House Bill 5085, a proposal to establish a hemp research pilot program. The measure has already been approved by the state’s House of Representatives, though it will go back for one final vote before heading to the governor given some amendments were approved (none that change the intent of the bill).
Under the proposed law, the Illinois Department of Agriculture and state higher education institutions would be authorized to cultivate hemp – defined as having 1% or less THC – for research purposes.
If approved, all activity conducted in accordance to the measure would be legal under federal law, given the government recently passed a farming bill which allows for the cultivation of hemp in states that have legalized it for research.
The current assets in balance sheet says differently.
Not on hand, but they have over $5 million in securities. They allocate 20% and have $1 million to help aid farmers with financial services, to stay in escrow during the search period, safe and sound. A lot of hemp is going to be growing soon. This is a big step towards growing the banks appetite for the market.
HEMP is planting seeds, literally. Are you?
GO BRUCE!
LONG HEMP. GLTA.
FEDERALLY ILLEGAL yes, but arguably not. Here's why:
1) The President of the United States of America had publically stated he would not aim to interfere with the newly legalized State's practices, as long as they stayed within the boundaries, as set forth by each State.
2) Financing and banking is still difficult, for the trade is still Federally illegal, but becoming more and more available as new States consider introducing their own measures.
3) It's probably safe to say that cannabis (commonly known as marijuana) has been predominantly acceptable in U.S. society for some time, amongst the "leadership" of our country and the Tax Paying Citizens. The taboo has died. We can all agree on that, I hope.
Do the easy DD.
The Banks and the Feds are employing some kind of "test market, cat-n-mouse" tactic. Neither wants to be the first to fully engage, without the other fully behind. Eventually, the banks will give in, starting with locals, onto "the Bigs". Let's not forget Wall St.
Do you see the pattern? It's not charts. It's not reports or PR's. This is what Perlowin sees. If he positions himself correctly in the marketplace, and stays competitive, he can't lose.
LONG HEMP. GLTA.
Don't let the day traders scare you. This went from $0.15 highs to $0.34 highs. Long trend is up. This will keep rising, but day traders and MM's will throw flack. Plan accordingly.
And someone mentioned T-shirts. I have a personal interests in the apparel business. That is why I'm here. Not to disregard the 999 other uses for hemp.
LONG HEMP. GLTA.
One shows news stating they have produced over 75kg of hemp product that can be sold in stores like "WHOLE FOODS". Have you been to Whole Foods? They have many competitors.
While the other is news stating the consummation of the operation with Yasheng, a credible grower, dated nearly one year ago. Business cycles. Results don't happen over night.
LONG HEMP. GLTA.
Wednesdays news:
http://www.denverpost.com/marijuana/ci_25715420?source=rss
House backs down, OKs hemp-farmers' access to financial co-op system
LONG HEMP. GLTA.
Refresher:
http://www.hempinc.com/hemp-inc-s-first-shipment-of-hemp-hearts-arrives-in-the-u-s/
http://finance.yahoo.com/news/hemp-inc-international-expansion-solidified-090000690.html
I smell May flowers!
LONG HEMP. GLTA.
What’s Next in Line for Marijuana Legislation Across the U.S.?
http://www.ladybud.com/2014/05/06/whats-next-in-line-for-marijuana-legislation-across-the-u-s/
Americans have witnessed substantial changes in marijuana legislation over the last 18 years, since California’s decision to legalize medicinal usage in 1996. But the forward-movement actually began over 40 years ago with Oregon’s decision to decriminalize marijuana in 1973. By 1978, a bevy of states including Alaska, California, Colorado, Mississippi, New York, Nebraska, North Carolina, and Ohio, followed suit by decriminalizing cannabis in some form.
A variety of other progressions occurred between 1978 and 2012, when ballot initiatives made Washington and Colorado the first states to officially legalize cannabis for recreational use, a major milestone in marijuana law. Were those votes a sign of things to come, or an anomaly that will likely have little impact on future legislation?
Alaska
Current Status: Legalized for medicinal use and decriminalized.
What’s Next?: The Campaign to Regulate Marijuana Like Alcohol in Alaska was formed to support a ballot measure entitled, “An Act to tax and regulate the production, sale, and use of marijuana”. This would make marijuana legal for adults 21 or older. The full piece can be read here.
In order to qualify, the campaign needed to collect at least 30,169 valid signatures of registered Alaska voters by January, 2014. On January 8, 2014 more than 45,000 signatures were submitted to the lieutenant governor’s office. On February 4, it was confirmed that enough signatures had been verified, placing the initiative on the August 19 primary ballot. Alaska is in line to be the next stay to legalize marijuana for recreational use.
Arizona
Current Status: Legalized for medicinal use.
What’s Next?: Pro-marijuana advocacy group Safer Arizona still hopes for a successful run in 2014, but organizers have been setting their sights on a 2016 initiative due to a lack of funding in the near-term. With backing from the Marijuana Policy Project (MPP) for a 2016 campaign, look for Arizona to make a strong push to legalize marijuana in a couple of years.
California
Current Status: Legalized for medicinal use and decriminalized.
What’s Next?: In 2014, the California Cannabis Hemp Initiative attempted to qualify for the ballot. Unfortunately, not enough signatures were received in order to make it. Momentum is gaining traction in California though, as 2016 is an election year, which will likely result in a greater pro-marijuana voter turnout. As one of the leading pro-pot states in our union and the first state to legalize medicinal marijuana back in 1996, expect California to find success in 2016.
Florida
Current Status: CBD-only legislation passed, whole plant not legal for medical use.
What’s next?: Florida legislators last week passed a “CBD-only” bill allowing for extracted CBD-rich medicine with low levels of THC. The bill’s language specifies that 5 dispensaries throughout the state will be authorized to provide an edible form of medical cannabis. The Right to Medical Marijuana Initiative, Amendment 2 will be on the November 4, 2014 ballot in Florida. This voter initiative would allow a broader medical marijuana program, without THC limits or restrictions.
Hawaii
Current Status: Legalized for medicinal use.
What’s Next?: In 2013, a bill to legalize marijuana in Hawaii was killed after not receiving enough votes to pass the House. While there is no initiative ongoing, the ACLU of Hawaii conducted a poll showing that 57% of Hawaiians were in favor of legalizing, taxing and regulating marijuana. Numbers never lie, so look for pro-legalization momentum across the U.S. to influence the future of marijuana law in Hawaii for 2016.
Maine
Current Status: Legalized for medicinal use and decriminalized.
What’s Next?: In 2013 Portland, Maine voted to legalize marijuana for recreational use in a landslide, claiming 67% of the vote. With that victory, the Marijuana Policy Project has initiated plans to coordinate a legalization measure on the 2016 ballot.
Massachusetts
Current Status: Legalized for medicinal use and decriminalized.
What’s Next?: A poll conducted in 2013 by the MPP concluded that 58% of Massachusetts respondents were in favor of legalizing marijuana for recreational use. That result in conjunction with the efforts from the Bay State Repeal, a new Massachusetts ballot committee, make the Bay State a prime candidate for legalization in 2016.
New York
Current Status: Decriminalized, but not legal for medicinal use.
What’s Next?: Compassionate Care NY conducted a poll regarding marijuana use for medicinal purposes, which received favorable backing to the tune of 82%. That, combined with Gov. Andrew M. Cuomo’s plans to allow limited use of marijuana by those with serious illness, potentially paving the way for broader medicinal legislation in New York. A proposal to legalize recreational use was also recently introduced, but it is unlikely to pass in 2014, leading lawmakers to aim for 2016.
Oregon
Current Status: Legalized for medicinal use and decriminalized.
What’s Next?: While Oregon made an unsuccessful push to legalize marijuana in 2012, new high-profile organizations have come out to support a run at legalization in 2014. New Approach Oregon has led the charge seeking new legalization measures. Backers of this measure have already started collecting the 87,213 signatures needed to qualify for the November 2014 ballot. With only one-third of Oregonians opposed to marijuana legalization, things are looking good for marijuana reform in Oregon in 2014 despite nudging from the MPP to put all efforts toward 2016 instead.
From executive summary:
The Offering
The Company is seeking to obtain investment commitments for up to $5,500,000 from Illinois residents who are “accredited investors” (as that term is defined in the Securities Act of 1933, and the rules and regulations promulgated thereunder (the “Securities Act”)). The Company intends to offer preferred membership interests in the Company (the ‘Shares”) which have the rights described below. The Shares will be offered on a "minimum/maximum" basis, with a minimum raise of $4,500,000 required in order for the Company to proceed with the project. The Shares will be offered for sale at an offering price of One Dollar ($1.00) per Share, with a minimum subscription from each investor of 200,000 Shares (i.e., $200,000). Each investor will be required to contribute six percent (6%) of his/her total commitment at the time of his/her initial subscription, with the remaining commitment callable, in whole or in a series of draws, by the Manager upon not less than five (5) days’ notice. The Company is offering the Shares without using a broker/dealer. The Company does not intend to offer fractional Shares but may do so in the Manager's sole discretion.
I know these guys. A good group, whose core business is largely in commercial real estate, investment sales. Solid capital.
Perlowin might not be baking the pie, but rest assured he will take a big piece. Big market beginning, and we are lucky to witness.
CHEERS!
LONG HEMP. GLTA.
I happen to know first-handedly there are big players moving in to the sector. Cannabis grow-permit holders here in IL must have MINIMUM $500K net worth to apply. Only about 20 permits available. Seen business plans with my own eyes, and suitable partners are in demand, with minimum initial investments of $200k for equity. Dont let anyone fool you out of your positions.
Perlowin is way too busy, knowing all this is occurring. Not concerned with the doubters. Wait, didn't Perlowin make multi-millions doing what he now legally can do?!
Gonna be a green summer!
LONG HEMP. GLTA.
It was an ambush.
Has everything to do with the market environment Hemp Inc operates under. Surely we are wise enough to understand, and are respectful of other's appreciation to read the factual news.
News specific and directly related to Hemp Inc (not fluff) is coming. Perlowin may decide to release as he chooses (not when a blogger demands.) e.g. 2nd harvest announcement, Q1 with 1st harvest results, etc. Heck we might even get a positive surprise. And yes, I am concerned with SEC throwing their elbows around like paranoid chickens. No doubt, news related to more deregulations (i.e. Washington) coming and helpful for entire sector. Elections should boost sector too. Don't be fooled otherwise. Do the DD.
I'm confident Perlowin is at the front lines of just about all aspects of this new, long overdue, and GROWING domesticated market. He has more to gain than any shareholder, and much, much more to lose if he fails.
Ye with little faith, I see a lot of it around here. Shame. Their loss. My gains.
LONG HEMP. GLTA.
Governor to Sign Industrial Hemp Bill
http://www.khvhradio.com/articles/local-news-390646/governor-to-sign-industrial-hemp-bill-12301347
Posted Tuesday, April 29th 2014 @ 6pm
Governor Neil Abercrombie plans to sign a bill to establish an industrial hemp research program at the University of Hawaii at Manoa. A signing ceremony is planned for Wednesday afternoon. The bill approves a two-year program to study industrial hemp remediation and biofuel research. State Representative Cynthia Thielen said passing the law could lead to Hawaii becoming a national and global player in the market for an environmentally-friendly crop. She estimates the U.S. industrial hemp market at 500- million-dollars per year.
Lawmakers want task force to push pot legalization
http://www.chicagotribune.com/news/local/ct-fritchey-marijuana-legislation-met-0429-20140429,0,358532.story
By Kim Geiger, Tribune reporter
8:06 p.m. CDT, April 28, 2014
Citing strains on the criminal justice system and the economic costs of enforcing anti-marijuana laws, a group of Democratic lawmakers called Monday for the creation of a task force to pursue legalizing and regulating the drug in Illinois.
Cook County Commissioner John Fritchey said he will introduce a resolution at the May 21 County Board meeting asking the General Assembly to put together such a task force. If passed, the resolution would go to the speaker of the House and the Senate president for consideration.
"This is not something that's going to happen in weeks or months, but it's something that's never going to happen unless we start to take affirmative steps now," said Fritchey, a Democrat who helped push for the decriminalization of marijuana in Chicago.
Since 2012, Chicago police have been allowed to issue tickets rather than arrest people caught with up to 15 grams of the drug.
Because it doesn't apply statewide, decriminalization has been confusing for police officers, said state Rep. Christian Mitchell, a Democrat whose district includes parts of the South Side.
"Because they're not currently backed by state law, there's kind of a question of, do I arrest this person or give them a ticket?" Mitchell said at a news conference. "As a state, clearing that up gives more leeway to the Chicago Police Department and to others who are putting people currently in the Cook County jail system."
Fritchey and Mitchell were joined by Rep. Mike Zalewski, D-Riverside, and North Side Democratic Rep. Kelly Cassidy at a news conference calling for the task force, which would be charged with studying the issue and ultimately introducing legislation to legalize and regulate the recreational use of marijuana.
The state should "make sure that we focus on who truly needs to be in our jails and prisons, and get the people that make mistakes or have a substance abuse problem into the right kind of environment," Zalewski said.
Gov. to sign industrial hemp bill
http://www.kitv.com/news/gov-to-sign-industrial-hemp-bill/25702348
HONOLULU —Gov. Neil Abercrombie is scheduled to sign SB2175 into law on Wednesday. The bill authorizes the University of Hawaii at Manoa to establish a two-year industrial hemp remediation and biofuel research program.
This year, the United States Senate approved the Agriculture Act of 2014, also known as the "Farm Bill," and industrial hemp is now allowed to be grown for research purposes. According to the National Farm Bill, any university can now grow industrial hemp without obtaining a Drug Enforcement Agency permit.
Twenty-two other states, including Colorado and Oregon, have passed legislation relating to industrial hemp similar to Hawaii's SB2175.
"Hempcrete, a hemp and lime composite, is termite proof, making it an excellent choice for the construction industry," said Rep. Cynthia Thielen. "There is a huge global market for hemp and the U.S. is the largest consumer at nearly $500 million per year. The passage of SB2175 is the first step for Hawaii to become a national and global player in the hemp market. We could profit hugely off this environmentally friendly crop."
Hemp growth for research may be legalized in N.Y.
http://www.lohud.com/story/news/politics/albany-watch/2014/04/26/hemp-growth-research-may-legalized-ny/8233105/
ALBANY – Growing industrial hemp for research purposes would be legal in New York under a bill newly proposed by two Southern Tier lawmakers.
The legislation would let the state Department of Agriculture and Markets, colleges and universities grow and research hemp. New York would be the 11th state to legalize the growth of hemp, which is made from cannabis and used to make oils, jewelry and other products.
An amendment to the federal farm bill this year allowed for hemp research programs in states that allow industrial hemp growth. New York's bill is sponsored by Assemblywoman Donna Lupardo, D-Endwell, Broome County, and Sen. Thomas O'Mara, R-Big Flats, Chemung County.
"This is a great opportunity for New York state to start the research," Lupardo said. "Because if we're going to begin a whole new industry, we should get a handle on what the proper growing conditions are (and) what parts of the state would work best. It would give us a huge jump on states when this becomes legal for production."
Hemp growth had been banned without a permit from the Drug Enforcement Administration because it's made from cannabis, the same plant as marijuana. But hemp contains a negligible amount of THC, the psychoactive component of marijuana.
Proponents for hemp say it can be used to produce various products, such as fabric, paper or soap. The sale of hemp products in the U.S. is reliant on imports, with retail sales topping $581 million in the U.S. in 2013, the Hemp Industries Association says.
The bill was touted by the state Farm Bureau for its potential to provide new economic opportunities for New York farmers.
"Diversification is important as farms look to remain successful in a global marketplace, and industrial hemp could be another profitable alternative for agriculture, which in turn would help boost the state's rural economy," said Dean Norton, president of the Farm Bureau.
The state Conservative Party, a small but influential third party that often aligns with Republicans, has opposed efforts to decriminalize marijuana or legalize the drug for medical purposes. Chairman Mike Long said the party has no position on the hemp bill but that he does not see hemp the same as marijuana.
"We're going to have to take a look at this. I don't see this as marijuana, I see this as industrial," Long said. "At this moment we're not taking a position on this, we want to research it a bit further."
O'Mara said he thinks the pilot program could put the state at "the forefront of a future industry that can diversify and strengthen our agricultural industry, generate revenue and create jobs."
Proposed state bill would legalize growing hemp
http://m.news.wbfo.org/?utm_referrer=https%3A%2F%2Fwww.google.com%2F#mobile/41770
Proposed state bill would legalize growing hemp
10:38 AM
Sun, Apr 27, 2014
By Chris Jamele
A pair of New York State lawmakers are proposing a bill that would legalize the growing of industrial hemp for research purposes.
Assemblywoman Donna Lupardo from Broome County and Senator Thomas O'Mara of Chemung County believe that approval of the bill will strengthen and diversify the agricultural industry in the state. Hemp growth has been banned by the Drug Enforcement Administration because of its similarities to marijuana, though it lacks the psychoactive element.
A wide array of products can be made from hemp, and the effort for legalized growth is being supported by the state Farm Bureau.
Passage of the bill would make New York the 11th state to legalize hemp production.
House sends hemp oil legislation to the Senate
http://www.missourinet.com/2014/04/25/house-sends-hemp-oil-legislation-to-the-senate/
Missourians who suffer from treatment resistant epilepsy could be allowed to take an extract from cannabis under a law the House passed Thursday.
The bill would allow use of a hemp extract for treatment of epilepsy that a neurologist has determined is “intractable,” meaning it has resisted treatment by at least three known seizure inhibiting medications. Such extracts are low in THC, the chemical that makes marijuana users high, and larger amounts of cannabidiol, or CBD, that is said to be effective in preventing seizures.
The bill would allow growers who are not-for-profit and would be licensed by the Missouri Department of Agriculture. The state could also certify universities to grow cannabis for the extract and for research on industrial hemp.
Representative John McCaherty (R-High Ridge) said the legislation represents something Missouri can do that would truly help people.
“During one of our committee meetings we had a family there and they had a little child that was in an infant seat and within just the matter of the 20, 30, 40 minutes that it took for us to have that committee meeting that child never stopped having a seizure,” said McCaherty. “This was the one thing that they were asking.”
Representative Glen Kolkmeyer (R-Odessa) says he’s been convinced since the bill received initial passage that the proposal is a good idea.
“I’ve received two e-mails from constituents whose children have had epilepsy and they basically say, ‘Just help us,’” says Kolkmeyer. “I wasn’t sure where I was going to vote on this the other day, but today I will support it.”
The bill would allow the use of hemp extract oil with no more than 0.3 percent THC and a minimum of 5 percent CBD. Users or their parents would have to have a state-issued registration card.
The proposal was sent to the Senate 139-13 with a clause that would make it effective immediately upon being signed by the Governor.
It, actually, looks like a hammer - http://www.businessinsider.com/~~/f?id=50edec8fecad04e27900000e
I've been Accumulating my deik off. LOL! Cheers!
30's by July 4, or a lot sooner.
LONG HEMP. GLTA.
I've seen calls for $1... and I've strived to stay conservative and reasonable from the beginning, but I'm starting to think 100 pennies-per-share is actually possible, within 2014, the "green" year.
Doing my evening review, Risk, your simple post made my day. You've made the call. Cheers!
LONG HEMP. GLTA.
Go figure: Christie could be the one to legalize edibles.
http://politicalticker.blogs.cnn.com/2014/04/03/christie-ill-consider-edible-medical-marijuana-for-adults/?hpt=hp_c2
It's happening.
LONG HEMP. GLTA. Squeeeeeeeeeeeeeeeeeeeeez
What is more American than hemp? Guns? Cars? [Rhetorical]
So-what if Perlowin seems a bit like an old-timer cowboy. Who believes that has anything to do with how it relates to being an effective CEO? For example: Mark Cuban; egocentric, party-boy, geek. He knew a lot about his business - better than most - and found a way to capitalize on his KNOWLEDGE. Cowboy's are American, and so is Hemp, Inc. Perlowin is in the middle of starting an industry. Don't forget that.
Correct me if I'm wrong, but doesn't $HEMP have an agreement with Yasheng $HERB coming? President announcement? Earnings? Expansion? DEREGULATION?
HELLO, McFLY!!!?
LONG HEMP. GLTA.
Do yourself a favor and not neglect the Longs - the investor who comes prepared, especially on days like these and those to come. Over time the float will start to diminish, and if anyone is paying attention to that, it's the MM's. They are day by day going to weigh a finger on the price you are trading. Some could care less where you buy in, or how much you've lost, that's why they call people like you dumb-money. Analyze your expectations, and if you are even half-blind to the fruits Perlowin is about to provide, you should not be trading.
LONG HEMP. GLTA.
If you don't already know, I'll be glad to take your shares.
LONG HEMP.
Regarding Leadership;
Perlowin isn't your average inmate. [Rhetorically speaking] What percent of the prison population have the communication skills we see in Perlowin? To put it into perspective, I'm assuming many of you were still in diapers (crying, even today), while Perlowin was busy trading Cannabis for money - hard US dollars; valuable dollars. $30 million worth, which, as far I know, isn't adjusted for inflation. He spent a relatively short amount of time in prison, for doing a relatively harmless thing, resulting in a relatively significant event in history. This guy doesn't want to defraud us. He want's to grow a lot of Cannabis and have Hemp things, and realizes he's good at what he does, which is a benefit to all around him, partners and shareholders alike.
He said he was going to China to grow, and he did. Everyone cries, "WHERE IS MY CROP!". You got your crop.
He said he was going to announce results, and he did. Still, everyone cries, "WHERE IS MY PRODUCT!" You have your product.
He said he will be the leader in "ALL THINGS HEMP", and he is. And, yet, everyone cries, "WHERE ARE MY EARNINGS!"
Perlowin goes out and gets a PR guy, probably to keep a lot of you from losing sleep and drifting into insanity; likewise for Perlowin, and he now has more time doing what needs to get done. And not every PR is significant in the short-term. 3-5 years from now, Wall street is going to sink it's teeth into the pie, and thereon want A LOT more pie. When they do their research, they come across copious amounts of LEGITIMATE information on HEMP INC.
He is organizing ecommerce for hemp things. He is expanding his production in China, which has already proven successful. He's starting to act on certain growing-ops in the states, as a result of the Farm Bill. He has all the necessary networks coming together, and he knows A LOT about the benefits of hemp.
DO THE DD. IT'S OBVIOUS WHAT IS AHEAD. The saying goes: Rome wasn't built in a day.
GLTA. LONG HEMP.
There is so much BS on this board.
In case anyone didn't notice, this has been a long play for a long time. Keeps going up, but patience is required. Naturally, traders are impatient. Unreal expectations and they have limited knowledge of the basic principles. INVESTORS, well... invest.
I will have you all know, I have been a bag-holder; a bag-holder since 0.0113, WITH HUNDREDS OF THOUSANDS OF SHARES - 30 BAGGER. UNHEARD OF. Have been dipping in the the four's AND the twelve's, too, thanks to weak hands. Thanks!
I friggin made THE BANK on this stock, and not leaving anytime soon.
GLTA. LONG HEMP.
Any press is good press.
To add: big-stack's well looks to be drying. Don't quote me, but me thinks the chase has begun.
LONG HEMP. GLTA.
Agree. To those who expect this business to run a course in their will, through a wave of a wand, as soon as they take a stake - PLEASE DO YOURSELF (and me, and everyone else) A FAVOR AND STOP TRADING.
Cannabis market is open. PERLOWIN knows. I know. A lot of people know what is coming. PERLOWIN KNOWS.
Weak hands, THANK YOU FOR THE EASY SHARES. News coming.
LONG HEMP. GLTA.
One thing is for sure, next leg is going to be long.
LONG HEMP. GLTA.
Weak hands. Give me your shares. Thanking you.
Hemp is a weed. Me thinks you are mistaken.
Cannabis comes in two forms: Marijuana and Hemp. This is very basic knowledge.
GLTA. LONG HEMP.
First retail pot, now industrial hemp in Colorado spotlight
Jack Maher, KUSA 3:56 p.m. EST March 6, 2014
KUSA - Industrial hemp producers can now begin to register with the Colorado Department of Agriculture's industrial hemp program, but the state is warning hemp businesses to be aware of uncertainties that still exist because of federal law.
"While the State passed legislation legalizing the cultivation of industrial hemp, there are still many unanswered questions on the federal level," said Colorado Deputy Commissioner of Agriculture Ron Carleton. "We want producers to be fully aware of the issues and challenges facing this crop."
The Deputy Commissioner says the state's regulatory role with industrial hemp is limited to registration of growers and inspection of crop. He points out it has no jurisdiction over many other factors that producers are faced with. While Colorado legalized the production of hemp last year, growing it commercially is still considered illegal under federal law.
The Department of Justice has issued guidelines that will, if followed, limit the likelihood of federal enforcement against commercial producers. Additionally, Congress included in the 2014 Farm Bill a provision permitting some Research & Development activities if following state rules.
The Department says a number of issues may cause concern for those interested in growing this crop in Colorado. Among them:
Seed Procurement/Seed Quality--Seed that exists in Colorado may be variable and have unknown THC levels. Random sampling of hemp fields will be conducted. Plant samples testing at levels higher than 0.3 percent THC will be in violation of the Colorado Industrial Hemp Registration and Production Act. Importation of viable industrial hemp seed across State lines and Country boundaries is illegal under the Federal Controlled Substances Act.
Pesticides--There are not any pesticides (herbicides, insecticides, fungicides, etc.) currently registered for use on Cannabis spp. (Industrial Hemp and marijuana) due to the predominant federal nature of pesticide regulation. The CDA is putting together a list of pesticides that could be used on Cannabis spp. and not constitute a violation of pesticide labeling or other federal and state pesticide laws and regulations. This list will be extremely limited.
Federal farm programs--such as crop insurance, farm loans and conservation reserve may be jeopardized if industrial hemp is planted; these programs are managed by the US Department of Agriculture, a federal agency. Contact a lawyer for legal advice.
Banking—even though the Department of Justice and the Department of the Treasury recently issued guidance on bank involvement with Cannabis operations, banks including state-chartered banks may be reluctant to provide services to Cannabis growers for fear of being prosecuted for federal laws and regulations violations.
Processing--Industrial hemp must be processed prior to shipment out of Colorado. Colorado's industrial hemp rules state that industrial hemp producers must provide documentation of in state processing as part of registration. It is unknown at this time how many processing facilities will be available in Colorado at time of harvest.
Producers must register with CDA by May 1, 2014, if they would like to grow industrial hemp during the 2014 growing season.
The annual registration fee for commercial production of industrial hemp will be $200 plus $1.00/acre. The annual registration fee for production of industrial hemp for research and development will be $100 plus $5/acre. All registrations will be valid for one year from date of issuance.
The Department says all registrants are subject to sampling of their industrial hemp crop to verify that the THC concentration does not exceed 0.3 percent on dry weight basis; up to 33 percent of the registrants will be inspected each year. During the inspection, the registrant or authorized representative must provide the Department's inspector with complete and unrestricted access to all industrial hemp plants and seeds whether growing or harvested, all land, buildings and other structures used for the cultivation and storage of industrial hemp, and all documents and records pertaining to the registrant's industrial hemp growing business.
The entire rule and additional information on industrial hemp can be found by visiting http://1.usa.gov/1gckGJW and click on "industrial hemp."
http://www.9news.com/story/news/local/2014/03/06/industrial-hemp-colorado-producers-regulations/6114535/
Just want to thank all the weak hands for giving me their shares over the past couple weeks.
Thanks!
"Doubling Down" - Dr. Sanjay Gupta
http://www.cnn.com/2014/03/05/health/gupta-medical-marijuana/index.html?hpt=hp_c3
Same goes for hemp. The sector is on fire. More news to come, for weeks on end. All is good here.
HEMP is an easy investment. Do the DD:
3x tensile strength of cotton
4 yrs on, 3 yrs off. Very important.