Hemp industry lauds Sen McConnell for introduction of The Hemp Farming Act of 2018

Happy to share the press release…

FRANKFORT – The U.S. Hemp Roundtable, the industry association that joins the nation’s leading hemp companies and all of its major grassroots organizations, today lauded U.S. Senate Majority Leader Mitch McConnell upon his announcement of the pending introduction of “The Hemp Farming Act of 2018.” Leader McConnell’s bill, which is co-sponsored by U.S. Senators Ron Wyden (D-OR) and Rand Paul (R-KY), would permanently remove hemp from regulation as a controlled substance and treat it as an agricultural commodity. Similar legislation, H.R. 3530, the “Industrial Hemp Farming Act of 2017,” was introduced last year by Rep. James Comer (R-KY), and has been co-sponsored by 43 of his colleagues, from both sides of the aisle.

“The hemp industry is very grateful to Leader McConnell for his strong leadership over the years on behalf of providing Kentucky farmers – and the whole U.S. agricultural commodity – this exciting new economic opportunity,” stated Roundtable President Brian Furnish, an 8th generation tobacco farmer from Cynthiana, who credits the Leader with empowering his transition from tobacco to hemp. “Leader McConnell’s persistence and commitment has gotten us to this point – through his work on the 2014 Farm Bill and subsequent legislation that created today’s hemp pilot programs. There’s no better person to help get us across the finish line.”

“While this has been, and will continue to be, a broadly bipartisan effort in Congress, when the history of hemp legalization is written, the two most important figures will be Mitch McConnell and James Comer,” stated Roundtable General Counsel Jonathan Miller, who previously served as Kentucky’s State Treasurer and Chair of the Kentucky Democratic Party. “Everyone who is working so hard to build this nascent industry understands that we owe deep appreciation to Senator McConnell for his strong commitment and steady leadership on this issue.”

Hemp, Inc. Reports: Sessions Gives Green Light to Cannabis Industry

Big News!

SPRING HOPE, NC, March 26, 2018 (GLOBE NEWSWIRE) — 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, appreciates the clarity provided by U.S. Attorney Jeff Sessions in his recent statement that the U.S. Justice Department would not be pursuing small marijuana cases.

According to The Guardian, “Federal prosecutors will not take on small-time marijuana cases, despite the Trump justice department’s decision to lift an Obama-era policy that discouraged authorities from cracking down on the trade in states where the drug is legal.” Sessions told students in a speech that, Federal law enforcement lacks the resources to take on “routine cases” and will continue to only focus on gangs and larger conspiracies.
While this is good news for the cannabis industry at large, Sessions’ stance on cannabis does not include industrial hemp nor does it include kenaf – both plants are being planted and harvested by Hemp, Inc. and its strategic farming partners in North Carolina. Hemp products are high in cannabidiol (CBD) and have only trace amounts of THC – the psychoactive component in marijuana that most associate with being “high;” hemp-derived CBD products are legal to import and sell in all 50 states.

The Company issued an announcement on Jan. 5, 2018, about “Sessions’ Obsession” with marijuana and how it does not impact the industrial hemp industry. Hemp, Inc. CEO Bruce Perlowin also recently spoke with cannabis-focused media outlet ”Cashinbis” about the reasons why the U.S. government’s stance on marijuana does not affect the industrial hemp industry.

“We are encouraged by Sessions’ latest remarks but want to make it clear to the public and our shareholders that hemp products are completely legal for consumers to purchase and/or consume in the United States,” said Hemp, Inc. CEO Bruce Perlowin. “We are aggressively ramping up our operations to capture the multi-billion, dollar hemp market, which is projected to grow 700% and hit $1.8 billion by 2020.”

Hemp, Inc. announced on Jan. 4th that the Company was shipping its first purchase orders of loss-circulation material DrillWall™ and Kenaf fiber. On Jan. 25, 2018, the Company announced it had fulfilled its first purchase order for Spill-Be-Gone™, part of Hemp, Inc.’s spill-absorbent family of products.  As part of the Company’s ongoing expansion of its operations, Hemp, Inc. announced on March 7, 2018, that it was set to grow up to 25,000 acres of industrial hemp this year, thus further positioning North Carolina as the epicenter of the industrial hemp industry.

Also, as you may recall, in August 2017, Hemp, Inc. announced the official launch of its NuAxon Tech CO2 Supercritical Extractor. On Nov. 2, 2017, Hemp, Inc. announced the delivery of its advanced CBD hemp oil extraction post-processing equipment, thus completing the Company’s hemp oil extraction infrastructure. Hemp, Inc. announced its consulting agreement with HQ Global Education, Inc. on March 13, 2018. In addition, the Company announced March 21, 2018, its long-term strategy to build the world’s largest hemp oil extraction infrastructure by creating joint ventures with multiple companies to house and operate their CBD extraction equipment in its 85,000-square foot facility in Spring Hope, North Carolina. The first company of these joint ventures is HQ Global Education, Inc. (OTC: HQGE), a scientific research development company.

The agreement between Hemp, Inc. and HQ Global Education, Inc. is the first step toward executing Hemp, Inc.’s strategic plan to have a joint venture between the two companies wherein Hemp, Inc. will house and operate a HQ Global Education, Inc. CBD extractor.

HQ Global Education, Inc.’s exclusive educational database is one of the largest and valuable resources in the industry, reporting on thousands of hours of research that have been accumulated, tested and verified by professionals in the field. Per the consulting agreement in cooperation with Hemp, Inc., HQ Global Education, Inc. intends to become a leading provider of the highest-quality customizable extractions of CBD oil to this rapidly-growing industry.

Recent Act calls for public seed breeding funding

Ag Daily reports…

A new piece of legislation was introduced this week in the House that aims to reinvest in public seed breeding programs. According to the National Sustainable Agricultural Coalition, the Seeds for the Future Act, introduced Wednesday in the House by Representatives Mark Pocan (D-WI) and Darren Soto (D-FL), would put more focus on reinvesting in public seed breeding and research programs, and improving coordination across the federal agencies that support these activities. …

The Coalition says without robust federal investment in agricultural research and seed breeding, the U.S. agricultural industry will struggle to remain competitive with other global powers like China.

Read more.

More than 2,000 acres of industrial hemp planted in Minnesota this year

According to the Duluth News Tribune

A growing market for industrial hemp as food, fiber and nutraceuticals is gaining ground in west central Minnesota and could find a place in Kandiyohi County.

There’s at least one field of hemp planted this year in Chippewa County and a food-grade processing facility is being established in Olivia—about 25 miles south of Willmar.

There’s room for more…

Currently, Canada has the corner on the hemp production and processing market.

The U.S. is missing out on a viable market, Vaubel said.

“It’s a great way for farmers to diversify and get in on the ground floor,” she said. “We’d like to see the state invest and grow the industry.”

Thanks in part to a pilot project for hemp that was included in the 2014 farm bill—and a climate conducive to growing hemp—the number of acres of industrial hemp grown in Minnesota has grown dramatically in the last two years.

Learn more

A new use for hemp – build a wall?

Ag Web via Chris Bennett reports…

One million acres of hemp builds Trump’s wall and $700 million buys the hemp, a pittance compared to overall construction estimates ranging from $15 billion to $70 billion.

A southern hemp wall is far from reality, but the concept reflects the remarkable promise of a once-maligned crop emerging in the marketplace. After roughly 90 years of dormancy, a sleeping hemp giant is awakening, and the numbers involved in a southern hempcrete wall reveal a crop with a phenomenal range of utility.

If a 30’ tall and 2’ wide hempcrete (a mixture of hydrated lime and hurd, hemp’s woody core) wall was built for 1,954 miles along the southern border, the structure would translate to 619,027,200 cubic feet of space. Each cubic foot would require 17 lb. of hempcrete, extrapolated to a total output of 5,261,731 tons of hempcrete for the entire structure, according to Richard Rose, a long-time U.S. hemp pioneer and industry advocate: “The hempcrete could be poured into a form to make tilt panels, which would be trucked to the site and literally put in place, just like regular concrete panels.”

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Industrial Hemp Farmers Meeting March 2 in Madison MN

The Lac qui Parle EDA will be hosting a meeting to update and follow-up with those who attended the Frozen Farm Forum and other farmers who are interested in the farming industrial hemp.  We hope to see you there!

Agenda

  • Provide an update on current applicants in the MN Industrial Hemp Study. ​
  • Update on a hemp processing plant, investors, and goals for acres in our county and region.​
  • Open Discussion: thoughts, concerns, and questions ​

**Light refreshments will be provided

Event:  Industrial Hemp Farmers Meeting
When:   March 2, 2018 at 10am -11:30am
Where:  County Annex Multimedia Room
422 5th Ave, Madison, Mn 56256