News from the HEMP board!!
Hemp, Inc. Declares Victory for the American Industrial Hemp Revolution
Hemp, Inc. (OTC:HEMP) declared victory for the industrial hemp industry this week with a provision in the Farm Bill that legalized industrial hemp cultivation pilot programs. After passing through the U.S. House of Representatives on Wednesday, January 29, 2014, the U.S. Senate then followed and passed the Farm Bill on Tuesday, February 4, 2014 in a 68-32 vote, with the hemp amendment intact. The nearly 1,000-page omnibus Farm Bill is expected to be signed off by President Obama on Friday, February 7, 2014 at Michigan State University.
Laws on industrial hemp, medical marijuana and recreational marijuana are becoming more lax nationwide. Industry analysts say it's been a long haul, especially for industrial hemp.?Lawmakers who support industrial hemp cultivation saw an opportunity and pushed the provision that allows colleges and state agencies to grow and conduct research on the crop in states where it is legal. "What has been so stunning is how long it has taken," says Sarah Binder, an expert on Congress at the Brookings Institution. Senator Mitch McConnell, who worked to retain and strengthen the provision, was the lead negotiator in getting hemp included on the Farm Bill was quoted, "We are laying the groundwork for a new commodity market..."
Full legalization, according to hemp activists and supporters, could create a vibrant new industry. According to first all-hemp public company in this sector, Hemp, Inc. (OTC:HEMP), there are more Americans discovering the benefits of hemp due to the consistent dissemination of information educating them.?From healthy food and body care products, as well as eco-friendly textiles, clothing, auto parts, and building materials, the industry is expanding. Retail sales of those goods reached nearly $500 million in 2012, according to the Hemp Industries Association.?Until now, outdated and misguided Federal policy created in the 1930s prevented U.S. farmers from growing a nutritious, versatile and eco-friendly crop that has been inherent to US soil for decades.
Bruce Perlowin, CEO of Hemp, Inc. said, "These are monumental steps for our industry, or shall I say 'movement'.?And it's beginning to unfold fast because people are finally beginning to understand that this will finally unlock a clean 'American Industrial Revolution' that will not only be economically sound, but environmentally advantageous for everyone." Soon, Hemp, Inc. (OTC:HEMP) will not have to import their hemp fabrics, hemp seeds, hemp hearts and hemp hurd for their hemp products.
"We look forward to the day we can grow our commercial industrial hemp crop in the United States," said Hemp, Inc. CEO, Bruce Perlowin. Hemp, Inc. (OTC:HEMP) has been growing industrial hemp in Northwest China during 2013 and cultivating 108 acres with joint venture partner, The Yasheng Group.
Bruce Perlowin, CEO of Hemp, Inc. (OTC:HEMP), and one of the most publicly known figures in the industry, apparently has it all covered. "We are in the midst of another industry spike. This is history in the making. This year alone, the industry has traded billions of shares that are translating into millions of dollars daily. This clearly indicates to the investment community that this industry is here to stay and that they want in at the beginning of this explosive industry."
