Hemp, Inc. (HEMP) Applauds Illinois Governor for Legalizing Industrial Hemp

Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today the company applauds Illinois Governor Bruce Rauner for signing Illinois’ Industrial Hemp Act on Saturday, legalizing hemp in Illinois effective immediately.

“Legalizing the farming of industrial hemp just makes good sense,” Rauner said in a statement. “Roughly 38 states — including our neighbors in Wisconsin, Kentucky, Indiana, Missouri, and Tennessee — have allowed or are considering allowing cultivation of this crop for commercial, research or pilot programs. Our farmers should have this option as well.”

Illinois’ Industrial Hemp Act goes into effect immediately, and according to the governor’s office, allows for its use in paper, fabric, biodegradable plastics, construction materials, and health food. The Illinois Department of Agriculture will issue licenses to farmers who want to grow hemp and regulators will establish rules for THC-level testing of industrial hemp crops. The bill passed the state House of Representatives by a 106-3 vote, and the Senate passed it unanimously. Advocates of legalization say Rauner will create hundreds of jobs and up to $100 million in annual state revenue.

“It is encouraging to see that Governor Rauner understands that the cultivation and manufacturing of hemp in the United States is crucial to generate new jobs and grow our agricultural economy, empowering farmers both in Illinois and throughout the nation,” said Hemp, Inc. CEO Bruce Perlowin. “We live in a historic time where the movement to federally legalize hemp is gaining traction as states continue to pass pro-hemp legislation and a growing number of policy makers are moving to support legalizing hemp federally.”

Perlowin will be featured as a speaker at the Southeast Region Industrial Hemp Expo & Festival (Carolina Hemp Festival) event on Aug. 30– Sept. 1, 2018 at Raleigh Marriott Crabtree Valley event center in Raleigh, North Carolina. Perlowin is scheduled to speak at 2 p.m. on Saturday, Sept. 1, during the Hemp Festival taking place from 1 to 5 p.m. Click here to view the three-day event schedule. Perlowin is expected to discuss Hemp, Inc.’s mission and offerings with industrial hemp farmers, professionals, innovators, enthusiasts and advocates from the Southeast Region.

Notably, there are now over 40 states in the nation that have legalized hemp. Companies seeking to enter or further develop their footprint in the industrial hemp marketplace are aligning with Hemp, Inc. for the company’s proven expertise and state-of-the-art hemp processing and manufacturing infrastructure in Spring Hope, North Carolina. Hemp, Inc.’s 85,000 square foot hemp processing and manufacturing facility, on 59 acres, has been operational since August, 2017.

Hemp, Inc. is also helping to build the industrial hemp infrastructure that was basically non-existent in America. And five years later, it’s still in its infancy as our nation, gradually, embraces industrial hemp as a new emerging multi-trillion dollar industrial agricultural green revolution. Our focus has been on building five hemp infrastructures, Divisions One through Five.

Division One – The Industrial Hemp Infrastructure

Division Two – The Hemp Extraction Infrastructure

Division Three – The Hemp Farming Infrastructure

Division Four – The Hemp Educational Infrastructure

Division Five  – The Hemp Marketing Infrastructure

Hemp, Inc.’s strategic hemp growing partner Veteran Village Kins Community Arizona, Inc. has a 500-acre Veteran Village Kins Community in Golden Valley, Arizona. The Veteran Village Kins Community is designed to grow hemp and produce cannabidiol (CBD) products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village, and individual veterans living in the community. Already a $100 million industry, the CBD market is expected to grow over 700% and balloon to $2.1 billion by 2020.

For a more complete description on the Veteran Village Kins Community, read the following, modified, October 24, 2017 press release, Hemp, Inc. Announces Strategic Hemp Growing Partner “Veteran Village Kins Community Arizona, Inc.” Completes Final Site Plan Blueprints, below: