Hemp, Inc. Reports Massachusetts House Passes Bill to Help Grow State’s Hemp Industry

GlobeNewswire - finance.yahoo.com Posted 1 year ago

Las Vegas, NV, June 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers including the 85,000 square-foot multipurpose industrial hemp processing facility in Spring Hope, North Carolina, a state of the art processing center in Medford, Oregon, and a 500-acre hemp growing Eco-Village in Golden Valley, Arizona, announced today Massachusetts House has passed a bill that will help the state’s hemp industry grow and farmers cultivate on agricultural land.

The bill, which would allow farmers with agricultural deed restrictions on their land to grow hemp, passed in a vote 152-0. This bill, if signed into law, is a monumental step forward for the state because currently there are two laws that restrict farmers from growing the crop. This bill would ultimately expand the definition of agricultural land to include hemp so farmers can receive the tax and protection benefits as other farmers. The House expects this new bill to be a boost for farmers, jobs and the economy in the state of Massachusetts. 

“I applaud the state of Massachusetts for passing this bill with zero votes against it,” said Hemp, Inc. CEO Bruce Perlowin. “This further proves the high demand and changing thoughts people have on this incredible, life changing and economy changing crop, and I for one am excited for the prospect of working with Massachusetts farmers in the future.”

While hemp has been legal to cultivate since 2016 in Massachusetts, this bill would provide equal footing in the new economy, according to Rep. William “Smitty” Pignatelli. 

Massachusetts continuing to evolve their program is another huge opportunity for Hemp, Inc. if the bill is put into law. As a global leader in the industrial hemp industry, executives are consistently looking to partner with local farmers and business people in the state where hemp programs continue to grow. Furthermore, every state growing hemp provides fertile ground for Hemp, Inc.’s Hemp University to train the farmers on what they need to successfully grow hemp.

Farmers who are interested in growing hemp in Massachusetts can listen to The Hemp University’s west coast March 23rd and May 4, 2019 workshops online. The online masterclasses are $10 each and include lectures from industry leaders on informative topics pertaining to the hemp farming industry. The next southern Oregon Hemp University entitled “Pre-Harvest Symposium” is scheduled for Sunday, September 8, 2019 and will include topics such as efficient harvesting, streamlined processing, and profit channels. Previous Hemp University workshops have taken place in North Carolina.

In addition to already hosting The Hemp University in North Carolina and Oregon, Hemp, Inc. has expanded its educational reach to Arizona and soon to Puerto Rico. Arizona is a location where Hemp, Inc. has multiple ventures which include a retail store called Hemp Healthcare in Dolan Springs, Arizona that sells high-end CBD and hemp-based products and its strategic growing partner’s 500-acre hemp growing eco-village in Golden Valley, Arizona. Puerto Rico is an area where Hemp, Inc. is scouting new locations for a local processing center and scouting acres to grow high CBD hemp.

To see 1-minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all of Hemp, Inc.’s activities around the country. 

THE GREAT AMERICAN HEMPATHON

The Great American Hempathon in Golden Valley, Arizona creates joint ventures with growers and provides each grower with a five-acre parcel or up to 10 acres to plant on, and includes the planting, maintaining, harvesting and processing of hemp plants. The Hempathon will be situated on a 500-acre ecovillage, with 300 acres designated for growing hemp. (According to executives, the best days for planting are now through August 15, 2019.)

It costs $10,000 to participate in The Great American Hempathon and winners will share up to $100,000 in prize money, in a variety of categories. Five acres have the possibility to produce up to a million dollars or more of net profit. This joint venture arrangement would be a sixty-forty revenue split with the Company. 

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The sixty-forty revenue split with Hemp, Inc. (with half of that going to the Hemp Veteran Village Kins Community) will not only generate a substantial revenue stream for Hemp, Inc. and its shareholders and the Hemp Veteran Village Kins Community, it will also generate a positive return on investment for The Great American Hempathon participants.  Through this partnership, participants receive more than just a cash profit. They are afforded an opportunity to learn from industry experts from all over America over a four to six month period.

The growers are divided into teams that include a master grower who is expected to have knowledge of the plant and experience growing cannabidiol (CBD) quality hemp. The growers are responsible for supplying seeds, clones, and soil. They are also required to install an irrigation system for their parcel, provide personnel, equipment and products required to grow.

Learn more about The Great American Hempathon and the Veteran Village Kins Communities at https://www.kinscommunity.com/hemp-grow-off.

Perlowin and/or another representative will host an informational meeting inside one of the domes on the property to answer any questions about the Hempathon. This informational meeting will be ongoing and will tentatively be every Saturday at 11:30am.

To get to the domes on the property, from Hoover Dam head southwest on Kingman Wash Access Road. Continue onto Hoover Dam Access Road. Turn left onto NV-172.  At the traffic circle, take the 2nd exit onto the US-93 S ramp.  Continue on US-93 S to Cottonwood Road (mile marker 45) then turn west in 2 1/2 miles onto Amana Street and go south exactly 5 miles and you will be at the property.  (It's important to note that once you turn onto Cottonwood Road, you will be on well-maintained dirt roads.)

Growers interested in pursuing a joint venture for a five-acre grow can contact the Project Managers at: [email protected] Or, anyone interested in attending the 2-7-day hands-on hempcrete house building should contact Dwight Jory at [email protected]

WHAT IS HEMP, INC.?

What is Hemp, Inc.? With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.

HEMP, INC.’S TEN DIVISIONS

Hemp, Inc. has been helping to build the industrial hemp infrastructure that was basically non-existent in America. There are now ten divisions:

Division One â€“ The Industrial Hemp Infrastructure

Division Two â€“ The Hemp Farming Infrastructure

Division Three â€“ The Hemp Extraction Infrastructure

Division Four â€“ The Hemp Educational Infrastructure

Division Five â€“ The Hemp Marketing Infrastructure

Division Six â€“ Accessories, Products and Services

Division Seven â€“ Research and Development

Division Eight â€“ Industrial Hemp Investments and Joint Ventures

Division Nine â€“ Industrial Hemp Consulting

Division Ten â€“ Entertainment

Division One – The Industrial Hemp Infrastructure

The Industrial Hemp Infrastructure (Division One) currently consists of two hemp processing facilities across the country, with two more under development, which will include an in-house third party testing laboratory.  The largest of the two is its multi-purpose industrial hemp processing facility and milling operation in Spring Hope, North Carolina. It’s the largest “industrial hemp processing center” in the western hemisphere and has grown to become one of the pre-eminent centers of the industrial hemp industry. The 85,000 square foot facility sits on a 9-acre campus. It is environmentally sustainable and was built from the ground up in hopes of “Making America Hemp Again."  With a patent pending manufacturing process, the North Carolina facility is operating full time to process millions of pounds of our unique kenaf, hemp blend, to manufacture an all green natural loss circulation materials (LCMs) that are to be sold to the oil and gas drilling industry, along with an all green natural oil spill absorbent, a second industrial hemp/kenaf product called Spill-Be-Gone.

 (To see a one-minute video of the millions of pounds of kenaf, go to Bruce Perlowin's personal Facebook page, September 7th, 11th, 13th, 20th and 22nd, 2018.