$HEMP Hemp, Inc. has been at the center of news coverage regarding the 2018 Farm Bill to discuss the impact legal hemp will have on the U.S. economy and farmers nationwide. Some expect the global industrial hemp industry to hit $20 billion by 2022. Until recently, the U.S. has imported on average $100 million worth of hemp products each year, according to Congressional Research Service. Legalization will allow American farmers and companies to tap that market.
In addition to the company’s industrial hemp processing facility in Spring Hope, North Carolina (its largest), Hemp, Inc. also has one the most sophisticated hemp local processing centers in Medford, Oregon, and a 4,500-acre hemp growing eco-village in Golden Valley, Arizona and is continuing to scout new locations for local processing centers nationwide. The company’s local processing center in Medford, Oregon is one of the most sophisticated hemp harvesting and post processing centers in the state of Oregon and its operations in Arizona consists of a 4,500-acre hemp growing eco-village which they are actively building out 300 acres for hemp cultivation. Hemp, Inc. aims to boost the economies of these towns by offering affordable hemp processing services, which incentivizes local growers to add hemp to their crop rotation.
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