Hemp, Inc. (HEMP), Continues to Ramp Up Industrial Hemp Operations Nationwide

 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 is continuing to tour states across the country to meet with potential industrial hemp growing and processing partners as Congress moves closer to hemp legalization.

Recently, the U.S. Senate decided to conference on the historic 2018 Farm Bill to work out disparities between the Senate and the House’s versions of the bill. The Senate’s version of the Farm Bill contains the Hemp Farming Act that would remove industrial hemp from the federal government’s schedule of controlled substances.

Hemp Farming Act of 2018 is sponsored by Leader Mitch McConnell and co-sponsored by a bipartisan coalition of more than two-dozen Senators, including Senate Minority Leader Chuck Schumer. McConnell, who introduced the Hemp Farming Act, put himself on the conference committee. Lawmakers are also expected to advance the measure when they meet next month to draft the final, bicameral version of the legislation, according to The Washington Post.

As previously announced, Hemp, Inc. executives are in discussions regarding an industrial hemp processing facility with farmers in Oregon, which is seeing an increase of marijuana farmers turning to hemp as the price per pound for marijuana drops and hemp’s value continues to climb. The Hemp Business Journal estimates the U.S. hemp industry will grow to a $1.9 billion-dollar market by 2022.

About $688 million worth of hemp goods are sold every year in the U.S., largely imported from other countries due to the restrictions on farming the crop domestically. Many advocates point to the plant’s economic potential, but “supply chains and markets for the crop don’t readily exist in the United States yet, which could limit the amount of hemp that gets processed into products,” reports The Washington Post. Hemp, Inc. identified the need for a consistent supply chain for hemp biomass and hemp processing capabilities when it began to build its state-of-the-art hemp processing and manufacturing infrastructure in Spring Hope, North Carolina over four years ago. Hemp, Inc.’s 85,000 square foot multi-purpose industrial hemp processing facility, on 59 acres, has been operational since August 2017. Now, the company is expanding its footprint to create a supply chain that penetrates multiple markets throughout the U.S.

“By meeting with farmers across the country we are positioning the company to capture the legalized hemp market nationwide once hemp is federally legalized. We are committed to expanding our growing and processing capabilities by identifying strategic partners who align with our company’s mission and vision,” said Hemp, Inc. CEO, Bruce Perlowin.  “We pride ourselves on having had the vision years ago to create an infrastructure that supports the American farmer who wants to cultivate industrial hemp and be on the forefront of this rapidly growing industry.

Hemp, Inc. is 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 the nation, gradually, embraces industrial hemp as a new emerging multi-trillion dollar industrial agricultural green revolution. Hemp, Inc.’s focus has been on building five hemp infrastructures or 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. also announced in May 2018 that Veteran Village Kins Community Arizona, Inc. had completed installation of a solar and wind-powered energy system for the community. Dozens of master growers from Arizona, Oregon, Colorado, California, Kentucky, North Carolina, and Nevada and various 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,” where each grower will be farming five acres in a revenue sharing model with Hemp, Inc.