North Carolina’s Amended Hemp Bill Signed Into Law by Governor McCrory — Hemp, Inc. Reports
Hemp, Inc. ( OTC PINK : HEMP ) executives are pleased to announce that in North Carolina, home to Hemp, Inc.’s multi-purpose industrial hemp decortication facility, Governor Pat McCrory has signed into law House Bill 992, which “modifies the industrial hemp research program by clarifying the definition of research purposes and the responsibilities of licenses, creating civil and criminal penalties for violations of the industrial hemp program, and granting rule-making authority to the Industrial Hemp Commission.” The ratified bill also adds four appointees to the NC Industrial Hemp Commission. The bill, introduced on April 27, 2016, passed the House on June 14, 2016, passed the Senate on June 30, 2016 and was signed into law on July 11, 2016.
North Carolina now has new regulations for its commission tasked with overseeing the state’s industrial hemp research program. According to the NC General Assembly, the amended bill increased the five-member Industrial Hemp Commission to nine members and has widened the Commission’s power to write and approve rules for regulating and overseeing research into industrial hemp in the state. Before the amendment, the Commission was limited to only proposing rules.
David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, said, “The Commission now has the power to write the rules and approve them. What this means for Hemp, Inc. and its industrial hemp decortication facility, here in Spring Hope, is that we’ll be able to possibly grow and harvest a very large hemp crop in the Spring of 2017 on up to 50,000 acres and process it at our plant. This provides unlimited, lucrative business opportunities for the company. While Hemp, Inc.’s Industrial Hemp Manufacturing (IHM) is readily available to assist the Commission with industry expertise, we expect Congress to remove industrial hemp from the Federal Controlled Substances Act very soon, thus declassifying it as a Schedule 1 drug because it’s not. Hemp is a plant from the cannabis family like marijuana but possesses a very low THC content and you cannot get high by smoking it. Hemp is not marijuana. It can be used in the paper, textiles and plastics industries and has thousands of other uses.”
With Hemp, Inc.’s 70,000 square foot commercial industrial hemp processing facility, on 9 acres of land nearing completion, company executives are exploring all revenue generating possibilities while they continue to implement Hemp, Inc.’s business model strategies. The ratified bill contains 11 specific purposes for conducting industrial hemp production in the state, which opens more doors for hemp producers and manufacturers. The eleven specific purposes are:
1. Studying and investigating marketplace opportunities for hemp products to increase the job base in the State by means of employment related to the production of industrial hemp.
2. Studying and investigating methods of industrial hemp cultivation that are best suited to soil conservation and restoration.
3. Overseeing and analyzing the growth of industrial hemp by licensed growers for agronomy research and analysis of required soils, growing conditions, and harvest methods relating to the production of various varieties of industrial hemp that may be suitable for various commercial hemp products.
4. Conducting seed research on various types of industrial hemp that are best suited to be grown in North Carolina, including seed availability, creation of North Carolina hybrid types, and in-the-ground variety trials and seed production. The Commission may establish a program to recognize certain industrial hemp seeds as being North Carolina varieties of hemp seed.
5. Studying the economic feasibility of developing an industrial hemp market in various types of industrial hemp that can be grown in the State, including by commercial marketing and sale of industrial hemp.
6. Reporting on the estimated value-added benefits, including environmental benefits, to North Carolina businesses of an industrial hemp market of North Carolina-grown industrial hemp varieties.
7. Studying the agronomy research being conducted worldwide relating to industrial hemp varieties, production, and use.
8. Researching and promoting on the world market industrial hemp and hemp seed that can be grown in the State.
9. Promoting research into the development of industrial hemp and commercial markets for North Carolina industrial hemp and hemp products.
10. Studying the feasibility of attracting federal or private funding for the North Carolina industrial hemp research program.
11. Studying the use of industrial hemp in new energy technologies, including electricity generation, biofuels, or other forms of energy resources; the growth of industrial hemp on reclaimed mine sites; the use of hemp seed oil in the production of fuels; and the production costs, environmental issues, and costs and benefits involved with the use of industrial hemp for energy.
To read the full bill, click here.
Bruce Perlowin, CEO of Hemp, Inc. ( OTC PINK : HEMP ) said, “I have already signed an agreement to partner with Agri-Tech Farms to grow a hemp crop this year in Nevada, but I’m especially looking forward to growing hemp in North Carolina and it looks as though it will be sooner than later. We were already successful with 420 acres of Kenaf in Spring Hope.”
Kenaf (hibiscus cannabinus) is an annual, non-wood fiber plant that is indigenous to central Africa. Kenaf is a plant in the Malvaceae family also called Deccan hemp and Java jute. It has been likened to okra and cotton and typically grows 12 to 18 feet tall in a six-month growing season. The raw fiber has been known to grow well in many parts of the United States and has been considered an eco-friendlier way to make paper without cutting down trees.
Perlowin continued, “After the Kenaf harvest, that crop should yield over 4,000,000 pounds so we’re really looking forward to a successful and lucrative hemp crop in 2017.”
Hemp, Inc. would like to thank the North Carolina Industrial Hemp Association for tirelessly petitioning to create the North Carolina hemp bill and helping to get it passed and helping with the final ratified bill that is now law in North Carolina. Hemp, Inc., as well as all the future hemp farmers in North Carolina, owes a great debt of gratitude to this organization. At the North Carolina Industrial Hemp Association, many initiatives are in progress to help speed the cultivation and use of industrial hemp. To join the North Carolina Industrial Hemp Association, click here.
Hemp, Inc. would also like to thank the National Hemp Association (NHA) and Vote Hemp. The National Hemp Association has developed close relationships with local and state government agencies to establish regulations that benefit the hemp industry across the nation. Vote Hemp works to shift federal regulation of industrial hemp farming out of the hands of the Drug Enforcement Administration (DEA) and get hemp farming regulated on the state level. Vote Hemp also works to defend against any new laws, regulations or policies that would prohibit or restrict hemp commerce or imports. To join the National Hemp Association, click here. To contribute to Vote Hemp, click here.
Bruce Perlowin said, “While I cannot say for sure, I strongly believe that industrial hemp will be either declassified or removed from the Drug Enforcement Administration (DEA) Schedule 1 drug list because you cannot get high from it. Hemp is not marijuana. It is through the tireless efforts, in some cases for decades, of lobbying, educating and spreading the word about industrial hemp that this will happen and we want to acknowledge not only the organizations mentioned above but countless others along with the hundreds or possibly thousands of people and activists who have done the same thing that these larger organizations have done. It is for that reason Hemp, Inc. has been aggressively building the infrastructure for its multi-purpose industrial hemp processing plant long before anybody else and has thus established itself as a premier company for hemp processing, hemp cultivation and soon-to-be CBD production as well as a premier company for other raw materials and products that can be made from industrial hemp. We will continue building this infrastructure and working with others in the hemp industry to move towards a new clean, green, American, agricultural, and industrial revolution on industrial hemp.”
ABOUT NORTH CAROLINA INDUSTRIAL HEMP ASSOCIATION
Through education we believe that the law of our state can be changed to allow the growing, processing, and sale of Hemp and Hemp products within North Carolina in a responsible manner. Through education, dedication and fundraising, North Carolina can be accelerated to the forefront of global growth in Industrial and Medicinal Hemp. North Carolina can and should lead the country in cultivation, processing and support the consumption of hemp’s many beneficial products. Hemp was, for almost 200 years, a legal and fundamental crop in North Carolina and should be again. Farmers should be able to grow and consumers buy Hemp products grown and processed in our state. Visit www.ncindhemp.org for more information.
ABOUT THE NATIONAL HEMP ASSOCIATION
The National Hemp Association’s (NHA) mission is to support the growth and development of all aspects of the industrial hemp industry. This is accomplished by educating and informing the public about the health, environmental, and economic benefits of reviving an industry that has been prohibited for over seventy years; building a community of individuals, businesses and organizations to facilitate the growth of the industry; and, working collaboratively with industry, government officials, and the scientific community to create and implement industrial hemp standards, certifications and regulations. NHA firmly believes that American industry is trending towards bio-sustainability and hemp plays a critical role in the establishment of a new economic paradigm and is dedicated to shifting the perception of hemp as being an alternative crop to a mainstream commodity. To join the National Hemp Association, click here. To donate to the National Hemp Association, click here.
ABOUT VOTE HEMP
Vote Hemp is a national, single-issue, nonprofit organization dedicated to the acceptance of and free market for industrial hemp, low-THC oilseed and fiber varieties of Cannabis, and to changes in current law to allow U.S. farmers to grow the crop. Our ultimate goal is having hemp grown on a commercial scale in the U.S. once again and for the crop to be able to be processed here as well. We educate people on the issues surrounding hemp, register voters, and build coalitions to fulfill our mission. To contribute to Vote Hemp, click here.
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ABOUT INDUSTRIAL HEMP
Hemp is a durable natural fiber that is grown as a renewable source for raw materials that can be incorporated into thousands of products. It’s one of the oldest domesticated crops known to man. Hemp is used as a nutritional food product for humans and pets, building materials, paper, textiles, cordage, organic body care and other nutraceuticals, just to name a few. It has thousands of other known uses. A hemp crop requires half the water alfalfa uses and can be grown without the heavy use of pesticides.
Farmers worldwide grow hemp commercially for fiber, seed, and oil for use in a variety of industrial and consumer products. The United States is the only developed nation that fails to cultivate industrial hemp as an economic crop on a large scale, according to the Congressional Resource Service. However, with rapidly changing laws and more states gravitating towards industrial hemp and passing an industrial hemp bill, that could change. Currently, the majority of hemp sold in the United States is imported from China and Canada, the world’s largest exporters of the industrial hemp crop.
ABOUT INDUSTRIAL HEMP AND MEDICAL MARIJUANA CONSULTING COMPANY (IHMMCC)
This lucrative division of Hemp, Inc. is once again picking up momentum. The Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) is a wholly owned subsidiary of Hemp, Inc. that pulls industry information from a vast network of specialists. IHMMCC is entrenched primarily in all the multi-faceted opportunities of the Industrial Hemp industry while also maintaining professional contacts in the medical marijuana sector. As the country transitions to embrace more sustainable agricultural practices, public and private companies want to expand into the industrial hemp industry and consulting services from IHMMCC are helping them in leading the way.
ABOUT PAZOO, INC.
Pazoo, Inc. is a company whose focus is to provide best-in-class laboratory testing of cannabis and cannabinoids to protect consumers from impurities, contaminants and other irregularities. Through our wholly owned subsidiaries, Harris Lee and MA & Associates, Pazoo provides industry-leading laboratory testing of cannabis throughout the United States. Pazoo is licensed to test cannabis in Colorado and Nevada, with a focus on expansion into other states. Additionally, our newly formed wholly owned subsidiary CK Distribution LLC, provides the marketing and sales agent for the distribution of non-controlled hemp products throughout the USA. Non-controlled hemp products are the items utilized by the industry that support grow facilities, infusion companies and dispensaries. Pazoo is operational and growing quickly with expansion of its testing labs into more states coming in the near term. With the recent consolidation of convertible notes, the prospect for big increases in share valuation are very promising with the big increases in quickly expanding revenue and fundamental values of Pazoo.
ABOUT GREEN CURES AND BOTANICAL DISTRIBUTION INC.
Green Cures and Botanical Distribution Inc. is a development stage company that wholesales and retails hemp-infused nutritional, botanical, sports, and body care products. The company is currently Web-based and focuses on online retailing. Green Cures and Botanical Distribution Inc., operates a diverse portfolio of products and services within the botanical and cannabis industry, as permitted by law. From concept to production and distribution, Green Cures and Botanical Distribution Inc., is continuously creating and introducing products that promote a healthy life style. Icon Beverages will make up the beverage division of GRCU which will feature celebrity iconic notables who are recognized worldwide. Any industry companies interested should contact GRCU at https://gcbdinc.com.
ABOUT FUTURELAND CORP
FutureLand Corp., a Colorado company, is a cannabis and hemp specialty zoned land leasing company formed to capitalize upon the emerging global cannabis market. FutureLand ( OTC PINK : FUTL ) focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. We give growers the opportunity to grow. We monetize through leasing the land, leasing the structures on the land, financing interest revenue and management fees associated with cultivation centers. FutureLand retains ownership of all the land and the structures. FutureLand leases to both medical marijuana, retail marijuana as well as industrial hemp growers. FutureLand does not currently grow, distribute or sell marijuana. To request further information about FutureLand, please email us at email@example.com, log onto our website at https://www.futurelandcorp.com, or visit us on FB @ futurelandcorp and Twitter @futurelandcorp.
HEMP, INC.’S TRIPLE BOTTOM LINE
Hemp, Inc. ( OTC PINK : HEMP ) seeks to benefit many constituencies from a “Cultural Creative” perspective, thereby not exploiting or endangering any group. CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. Thus, the publicly traded company believes in “up streaming” a portion of its profits back to its originator, in which some cases will one day be the American small farmer — cultivating natural, sustainable products as an interwoven piece of nature. By Hemp, Inc. focusing on comprehensive investment results — that is, with respect to performance along the interrelated dimensions of people, planet, and profits — the triple bottom line approach can be an important tool to support its sustainability goal.
SAFE HARBOR ACT
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