Hemp, Inc. (HEMP) Applauds Senate Agriculture Committee for Passing Farm Bill with Hemp Legalization

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 the Senate Agriculture Committee for passing last Wednesday the 2018 farm bill in a 20-1 vote. The farm bill includes hemp legalization that is backed by Senate Majority Leader Mitch McConnell.

According to McConnell, hemp farming in Kentucky can help replace some of the revenue from falling tobacco demand, reported CNBC.

“I know there are farming communities all over the country who are interested in this,” said McConnell, according to CNBC. “Mine are particularly interested in it, and the reason for that is — as all of you know — our No. 1 cash crop used to be something that’s really not good for you: tobacco. And that has declined significantly, as it should, given the public health concerns.”

Officially known as the Agriculture Improvement Act of 2018, the draft farm bill contains more than 1,000 pages and covers everything from farm subsidies and food stamps to trade and rural development policy. Farmer assistance includes commodity payment programs, as well as subsidized crop insurance.

Hemp, Inc. announced its support in April for Senate Majority Leader Mitch McConnell’s introduction of a bill to remove industrial hemp from the federal government’s schedule of controlled substances.

“Hemp legalization is drawing support from both sides of the political aisle as legislators learn more about how hemp can provide much needed revenue streams to farmers across the country,” said Hemp, Inc. CEO Bruce Perlowin. “We are encouraged by this version of the farm bill that would protect crop insurance, providing much-needed certainty for farmers.”

Notably, there are now 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 has been operational since August 2017.

Hemp, Inc.’s consulting agreement with HQ Global Education, Inc. (HQGE), a scientific research development company, entails that Hemp, Inc. will provide consulting services in an effort to help HQ Global Education, Inc. expand into the hemp CBD industry. In addition, Hemp, Inc. also announced that the company encourages large scale companies to secure their hemp biomass now before Hemp, Inc.’s supply runs out.

Hemp, Inc. also recently announced that its strategic hemp growing partner Veteran Village Kins Community Arizona, Inc., had completed installation of the solar and wind-powered energy system for its 500-acre Veteran Village Kins Community in Golden Valley, Arizona. The Veteran Village Kins Community is designed to grow hemp and produce CBD products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village, and individual veterans living in the community.

Dozens of master growers, from Oregon, Colorado, California, Kentucky, North Carolina, Nevada and, of course, Arizona, companies and organizations have expressed an interest in pursuing a joint venture with Hemp, Inc. to each grow industrial hemp on the 300 fenced acres in Arizona as part of “The Great United American Hemp Project.” Interested master growers, from around the country, should contact Project Manager, Dwight Jory at ecogold22@gmail.com.

Read the following October 24, 2017 press release, Hemp, Inc. Announces Strategic Hemp Growing Partner “Veteran Village Kins Community Arizona, Inc.” Completes Final Site Plan Blueprints, below:

Hemp, Inc. has announced that its strategic growing partner, “Veteran Village Kins Community Arizona, Inc.,” has completed its final site plan blueprints for its 500-acre site in Golden Valley, Arizona (20 miles north of Kingman, AZ and 90 minutes from Las Vegas, NV). The site plan was submitted to the Mohave County Building Department for final review. The Company is also in the final stages of completing the necessary infrastructure to support an off-grid, renewable, energy system. With the solar equipment in place, the site’s solar power operation is now complete.