Hemp, Inc. Reports Ohio Bill Legalizing Industrial Hemp and CBD Products Could Enter House Floor This Week

GlobeNewswire - finance.yahoo.com Posted 3 years ago

Las Vegas, NV, June 06, 2019 (GLOBE NEWSWIRE) -- 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 Ohio Senate Bill 57, a bill that would decriminalize hemp and license hemp cultivation, passed the Ohio Senate and the Ohio House Committee and could soon get a full House vote.

“If the Ohio full House passes this bill it will be a historical step forward for the hemp industry, for residents who want to utilize CBD’s reported benefits and for local farmers,” said Hemp, Inc. CEO Bruce Perlowin. “Corn and soybeans have always been seen as Ohio’s agricultural bases, but with industrial hemp’s more than 20,000 uses, this cash crop can help save the small family farms that are struggling from a tough spring and bring a lucrative crop back to the rural areas.”

Senate Bill 57 (SB 57) would allow Ohio farmers to cultivate industrial hemp and make it legal for stores to sell CBD products. SB 57 passed the Ohio Senate on March 28, 2019 and recently passed the House Agriculture and Rural Development Committee. The next step for the bill would be for it to enter the full floor vote in the House, which could happen this week. 

In the House Agriculture and Rural Development Committee, a number of changes have been made to the bill, including a new clause specifying the bill would go into effect immediately after the governor signs it.  Traditionally, it takes approximately three months for a bill to go into effect after the governor signs it.

If Ohio’s hemp program passes, Hemp, Inc. sees this area as a prime spot for future ventures because of the amount of rural land. Additionally, as states continue to approve hemp cultivation, Hemp, Inc. sees opportunity and fertile ground for Hemp, Inc.’s Hemp University to train the farmers on how to successfully grow the crop. 

Perlowin added, “According to a 2018 agriculture overview for Ohio, there were nearly 14 million acres of farm operations, and all of these acres could potentially be used to cultivate hemp. By legalizing hemp and putting a program into place, Ohio can help fill the huge, growing demand for hemp-derived CBD and other hemp products.”

Farmers who are interested in growing hemp in Ohio, if the bill is passed, 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. also plans to expand their educational reach to Arizona and 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 between June 10 and July 15, 2019.)

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It costs $50,000 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 fifty-fifty revenue split with the Company. 

The fifty-fifty revenue split with Hemp, Inc. (with half of that going to the Veteran Village Kins Community) will not only generate a substantial revenue stream for Hemp, Inc. and its shareholders and the 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.kinscommunities.com/hemp-grow-off. 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]

ABOUT HEMP, INC. AND PISTIL PARTNERS, INC. PARTNERSHIP

Hemp, Inc. recently announced a partnership with Pistil Partners, Inc. and its subsidiary Ironside Hemp Company to further allow farmers to access high-quality clones. At the forefront of innovation, Ironside is a vertically integrated producer of CBD rich hemp with 175,000 square feet of greenhouses located outside of Raleigh, NC producing certified CBD hemp varieties including Cherry Wine (10-20% CBD content). 

To learn more about Ironside Hemp clones and receive a 10 percent discount, please visit  https://www.ironsidehemp.com/buy-clones/ and type “HempInc”  into the coupon code at checkout.

According to executives, this partnership comes at a time of continuous efforts for Hemp, Inc. and its mission to help new and veteran farmers entering the high cannabidiol (CBD) hemp farming industry as Hemp, Inc. continues the rollout of the King of Hemp premium CBD prerolls. With this partnership, the company has dedicated up to 1.5 million clones for North Carolina and surrounding states’ hemp farmers and is offering a 10 percent discount on bulk clone purchases of 1,000 clones or more. Additionally, Ironside will provide all ongoing resources such as clone selection, pricing, logistics and potential consulting services.

There are both benefits and drawbacks to growing with clones or seeds. However, a high-quality clone crop will outperform a high-quality seed crop.

  •  With clones, you know the THC potency by testing the parent plant. Thus, ensuring you are growing legal hemp not illegal marijuana or low-value fiber hemp.
  •  Clones are 100% female. There are no males in the crop to wreck CBD values.
  •  Quality clones will display: vigorous new growth; established root systems; and, be free from and resistant to pests.

It takes considerable skill and know-how to make large batches of high-quality clones to plant outdoors, and it has been difficult to find quality clones in the market. This has led to a misconception that seeds are better. With the right clone provider, farmers can jumpstart hemp growing exponentially.

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 - Entertainment

Division One â€“ 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.