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Industrial Hemp One Step Closer to Full Federal Legalization -- Hemp, Inc. Reports
Industrial Hemp One Step Closer to Full Federal Legalization -- Hemp, Inc. Reports.
About this update from Hemp, Inc.
[{"type":"text","content":"\n \n \n Industrial Hemp One Step Closer to Full Federal Legalization -- Hemp, Inc. Reports\n \n \nIndustrial Hemp One Step Closer to Full Federal Legalization -- Hemp, Inc. Reports\n \n LAS VEGAS, NV--(Marketwired - Jun 15, 2016) - Hemp, Inc. (OTC PINK: HEMP) executives update shareholders and potential shareholders on hemp \"industry material news\" as it continues to evolve and surface on the media circuit from state to state.\n Last week, Oregon Senators Ron Wyden and Jeff Merkley and Kentucky Senators Mitch McConnell and Rand Paul introduced a bipartisan resolution \"recognizing the important role industrial hemp could play in boosting the nation's agricultural industry and economy.\" Passed by a unanimous vote, the resolution officially backed the 7th Annual \"Grow Our Future\" Hemp History Week June 6 - 12, 2016.\n Sen. Wyden commented, \"Another year has gone by and industrial hemp somehow remains on the controlled substances list. The United States is the world's largest consumer of hemp, but current restrictions on growing industrial hemp in the U.S. force American businesses to import about $76 million worth of hemp to make retail products like clothing, food, soaps, paper products, and construction materials that are made in America.\"\n Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, \"Industrial hemp is breaking down barriers with legislation in support of the industrial hemp industry, due to the enormous benefit it brings to the economy. There is a continual increase in demand for this environmentally friendly natural fiber. The bipartisan resolution passed with a unanimous vote which tells us that Industrial hemp is being recognized more and more throughout the state level, which in turn will make a huge impact on the Federal level.\"\n According to the article, the Senators stated that while \"Oregon and Kentucky are among the 28 states that have already defined industrial hemp as distinct from marijuana and removed barriers to production, under current federal law, farmers in states that allow industrial hemp research and pilot programs must still seek a waiver from the Drug Enforcement Administration.\"\n Due to federal restrictions, the largely untapped billion-dollar hemp industry has been distorted because of vague distinctions from its cousin plant, marijuana. Hemp Histor...