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Rhode Island House and Senate Pass Industrial Hemp Bill - Hemp, Inc. Reports
Rhode Island House and Senate Pass Industrial Hemp Bill - Hemp, Inc. Reports.
About this update from Hemp, Inc.
[{"type":"text","content":"\n \n \n Rhode Island House and Senate Pass Industrial Hemp Bill - Hemp, Inc. Reports\n \n \nRhode Island House and Senate Pass Industrial Hemp Bill - Hemp, Inc. Reports\n \n LAS VEGAS, NV--(Marketwired - Jun 22, 2016) -  As hemp legalization continues to make major inroads in the industrial hemp industry across America, Hemp, Inc. (OTC PINK: HEMP) is pleased to report that Rhode Island's legislature has passed a bill to \"legalize the production and processing of industrial hemp for commercial purposes in the state.\" According to the Rhode Island General Assembly, HB 8232, which may also be cited as Rhode Island's \"Hemp Growth Act\", would take effect on January 1, 2017 and would permit the growth of hemp by properly licensed individuals that have applied and met the requirements and would also allow higher educational institutions to grow hemp for educational and research purposes pending approval from the Department of Health.\n In an article posted by The Tenth Amendment Center, the bill was initially introduced on May 19, 2016 as legislation that \"would have allowed state-licensed representatives of the Narragansett Indian Tribe to produce, possess, distribute, and commercially trade industrial hemp. In a rapid series of events, the bill was amended in the House Committee of Health Education and Welfare to apply to everybody. On June 17, the House passed the amended bill 71-0. The Senate concurred the next day by a 26-7 margin.\"\n Rhode Island Governor Gina Raimondo will either sign or veto the bill. As with North Carolina, if she doesn't act, the bill will become law without her signature. Many believe this law is yet another stepping stone in nullifying federal prohibition of hemp.\n Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, \"Yesterday, it was New York. Today, it's Rhode Island. This shows the hemp revolution is unstoppable and relentless. More and more states are realizing how important hemp is to the American culture with its amazing economic benefits as demand for hemp in the marketplace continue to grow by leaps and bounds.\"\n The Hemp Grow Act would prohibit Rhode Island's Business Regulation department from adopting any rules prohibiting a person or entity from growing or distributing hemp based on the legal status of hemp under federal law. While specific lan...