LAS VEGAS, NV – Hemp, Inc. (OTC PINK: HEMP) executives are pleased to announce that Hawaii Governor David Y. Ige will hold a Bill Signing Ceremony for Senate Bill (SB) 2659 today at 2:00pm at the Hawaii State Capital, Governor’s Ceremonial Room, Executive Chambers, 5th floor.
The Industrial Hemp Bill (SB 2659) establishes an industrial hemp pilot program through the Department of Agriculture which allows the cultivation of industrial hemp and distribution of hemp seed in Hawaii for purposes of agricultural or academic research.
Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, “This is another great day in the industrial hemp industry. Another industrial hemp bill is getting signed into law. This continues to prove the hemp revolution is unstoppable and relentless. More and more states are realizing how important hemp is to the American culture with its amazing economic benefits as demand for hemp in the marketplace continues to grow at almost unprecedented rates, and Hemp, Inc. is positioned at the forefront of the industrial hemp industry with the largest commercial decorticating plant in the United States.”
Hawaii’s Senate Bill 2659 moved through both chambers of the State legislature earlier this year. Not only are states recognizing the benefits of industrial hemp, they are acting on it by passing favorable legislation. The demand for this environmentally friendly natural fiber is increasing by leaps and bounds. Since the 2014 federal Farm Bill was signed into law, industrial hemp has been permitted as a cultivar as long as it is being grown for research purposes, which include growing, cultivation and marketing, under the authority of the state departments of agriculture or universities. Hawaii Rep. Clift Tsuji said he viewed industrial hemp as another alternative means for sustaining agriculture in Hawaii.
David Schmitt, Chief Operating Officer (COO) of Industrial Hemp Manufacturing, LLC, (IHM) commented, “This is a victory for not only the hemp industry but for Hemp, Inc. as well. This creates more opportunity for Hemp, Inc. Not only do we have the largest hemp decorticator in America, but we will also be able to deploy portable decorticators to more and more farmers as they begin to grow hemp.”
Schmitt continued, “Everything is on the fast track in Spring Hope to get the plant operational. The mill, that is now complete, will be used to make Hemp, Inc.’s LCMs (loss circulation material), Drillwall™. The other mill has already been rebuilt and is also in the process of being installed.”
Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, “Our Company has been working feverishly to get the decortication line and mill up running. It’s a process and whenever you embark upon a task such as this, there will be unforeseen setbacks and obstacles. However, once it’s operational, our shareholders can expect to see the fruits of our labor. We are definitely proud of what we have accomplished thus far and we see great things ahead. Nothing can keep us from pushing forward. Our decortication plant is just about operational and our mills are just about up and running. Once it’s operational, our loyal shareholders who have believed in us and who continue to believe in us can expect to see the fruits of our labor.”
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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.
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.
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