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Hemp, Inc. Reports: Illinois on Track to Legalize Industrial Hemp
Hemp, Inc. Reports: Illinois on Track to Legalize Industrial Hemp.
About this update from Hemp, Inc.
[{"type":"text","content":"\n \n \n Hemp, Inc. Reports: Illinois on Track to Legalize Industrial Hemp\n \n \nHemp, Inc. Reports: Illinois on Track to Legalize Industrial Hemp\n \n SPRING HOPE, NC--(Marketwired - Feb 27, 2017) - \"With the succession of states legalizing or on track for legalizing industrial hemp, the industrial hemp industry in America is rapidly reaching a tipping point,\" says Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP). For the past five days, Hemp, Inc. has reported on a series of states that are on track to legalizing industrial hemp -- Arizona, New Mexico, Alaska, South Dakota, and Wisconsin. Illinois joins that list today with hopes of providing additional crop opportunities for their farmers, a market for a new crop that would have an opportunity to grow.\n \"Industrial hemp has absolutely no recreational applications. It only has medical and industrial applications. Sorry, you can't get high on hemp. If there is any federal pushback against recreational marijuana, this would not affect industrial hemp or Hemp, Inc.,\" said Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP).\n So what is making industrial hemp so important to Americans and so important to states that they are willing to simply ignore a federal ban now? As the uninformed become informed on the difference between hemp and marijuana and the fog of ignorance dissipates, a miracle crop stands in clear sight as ways to help the economy and expand sources of revenue are sought.\n State Senator Toi Hutchinson filed Industrial Hemp Senate Bill (SB) 1264 this month that would allow farmers to cultivate hemp as part of state-approved research projects. Sent to the Senate's Agriculture Committee, SB1264 \"would remove industrial hemp from the state's Cannabis Control Act and establish a licensure system for farmers through the Illinois Department of Agriculture,\" according to a recent article published on Chicago Tonight. Senator Linda Holmes, who resides on the committee, said Illinois is first an agricultural state and believes SB1264 \"seems like a great opportunity to expand.\"\n While the state had a law go into effect in 2015 allowing state institutions with 4-year agriculture degree programs to research hemp, the Illinois Department of Agriculture has not received any applications for licenses. Thus, hemp advocates say the state needs to open the process to com...