Business
South Dakota Passes House Bill on Industrial Hemp -- Update by Hemp, Inc.
South Dakota Passes House Bill on Industrial Hemp -- Update by Hemp, Inc..
About this update from Hemp, Inc.
[{"type":"text","content":"\n \n \n South Dakota Passes House Bill on Industrial Hemp -- Update by Hemp, Inc.\n \n \nSouth Dakota Passes House Bill on Industrial Hemp -- Update by Hemp, Inc.\n \n LAS VEGAS, NV--(Marketwired - Feb 9, 2016) - Hemp, Inc. (OTC PINK: HEMP) updates its shareholders today on industrial hemp bill HB-1054. Last week, the South Dakota House of Representatives approved a bill that would allow the cultivation of industrial hemp in the state of South Dakota, with a 57-11 vote. South Dakota is yet another state that is realizing the economical advantages of the hemp plant. Hemp, which can be used in the manufacturing of thousands of products, can increase jobs and provide additional revenue for farmers and the state thereby creating a \"significant economic development opportunity\".\n According to the bill (HB-1054) \"Industrial hemp (cannabis sativa l.), having no more than three-tenths of one percent tetrahydrocannabinol, is hereby designated an oilseed. Upon meeting the requirements of sections 2 to 5, inclusive, of this Act, any person in this state may plant, grow, harvest, possess, process, sell, and buy industrial hemp (cannabis sativa l.) having no more than three-tenths of one percent tetrahydrocannabinol. Any person desiring to grow or process industrial hemp for commercial purposes or research shall apply to the Department of Agriculture for a license on a form prescribed by the department in rules promulgated pursuant to chapter 1-26.\" To read the full bill, visit the South Dakota Legislature here.\n The bill is now set to head to the Senate for consideration. According to the Tenth Amendment Center blog post, \"While current federal law authorizes only the research farming of hemp, by research institutions, South Dakota's HB 1054 just ignores federal prohibition and authorizes commercial hemp production anyway. South Dakota would thus join the continuously growing number other states, including Colorado, Oregon, South Carolina, Connecticut, Maine, North Dakota and Vermont, that have simply ignored federal prohibition and legalized industrial hemp production within their state borders.\"\n Other states have also started growing hemp, and 33 states have proposed pro-hemp legislation. See Hemp, Inc.'s press release on 1/29/2016 regarding Vermont, Kansas, Maine, Kentucky, Montana, Missouri, and Hawaii and Hemp, Inc.'s press ...