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Dewmar International BMC, Inc. (DEWM) Signs Agreement for Office Location in Louisville, Kentucky the Hemp Capital of the United States
Dewmar International BMC, Inc. (DEWM) Signs Agreement for Office Location in Louisville, Kentucky the Hemp Capital of the United States.
About this update from Dewmar Intl Bmc Inc
[{"type":"text","content":"\nNew York, NY, Jan. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Dewmar International BMC, Inc.  (OTCPINK: DEWM) announced today that it has secured and signed an agreement for an office address and space on North 7th Street in downtown Louisville, Kentucky which is considered by most hemp experts to be the hemp capital of the United States. The production of hemp in Kentucky dates back to the 18th century and Kentucky has produced more hemp than any other state in the country. \n Kentucky was by far the greatest producer of hemp in the United States in the 18th and 19th centuries. In the early 1900’s, Kentucky was responsible for 75% of the hemp fiber production in the United States. Led by Senate Majority Leader Mitch McConnell of Kentucky, the Farm Bill Act of 2018 which included the Hemp Farming Act of 2018  removed hemp as a Schedule 1 controlled substance making it a legal agricultural crop for the first time in decades. Dewmar International understands the importance of securing a foothold in Kentucky in hemp country. This new office address in Kentucky is also important for Dewmar as the company engages in further discussions with Canadian licensing partners.  Immediately after the 2018 Farm Bill became law on December 20, 2018, the FDA reiterated the safety of hemp products. Specifically, FDA Commissioner Dr. Scott Gottlieb stated that hempseeds, hemp protein and hemp oil are all recognized as generally recognized accepted as safe (GRAS).  This means that products derived from hemp can be legally marketed in human foods without further food additive approvals and barring any unsubstantiated health and treatment claims.  Kush Cakes premium relaxation brownies, the country’s top selling hemp-infused brownie, has been on the market since 2011. Kush Cakes contain hemp protein.  Dewmar manages this brand under its seasoned wholly-owned subsidiary United States Hemp Corporation.  The market for this and other hemp-derived products are wide open for companies and Dewmar International has an 8 year lead on most. Bruce Linton, Chairman and Chief Executive Officer of Canopy Growth, remarked right after the passage of the Farm Bill by saying, “Canopy ...