Business
VA Gets on Board as Next State to Legalize Industrial Hemp Manufacturing
VA Gets on Board as Next State to Legalize Industrial Hemp Manufacturing.
About this update from Hemp, Inc.
[{"type":"text","content":"\n \n \n VA Gets on Board as Next State to Legalize Industrial Hemp Manufacturing\n \n \nVA Gets on Board as Next State to Legalize Industrial Hemp Manufacturing\n \n LAS VEGAS, NV--(Marketwired - Mar 11, 2016) - Hemp, Inc. (OTC PINK: HEMP) executives are pleased to announce that Virginia's Governor, Gov. Terry McAuliffe, signed HB699/SB691 into law on February 29, 2016, which now makes it lawful for farming, processing and manufacturing industrial hemp for products or research purposes for those with a license. The license, once obtained, will be valid for four years with a maximum two hundred fifty dollar license fee. The law is set to take effect July 1, 2016.\n Only 2-3 hours away from Virginia, Hemp, Inc.'s hemp processing facility in Spring Hope, North Carolina will serve as one option for Virginia farmers to have their crop decorticated on a commercial scale... a very viable option. To see industrial hemp in the local news sweeping across America from Virginia to Florida, and more, click here.\n Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, \"This brings a wealth of opportunity for Hemp, Inc. and the farmers.\" According to the Virginia Industrial Hemp Coalition (VIHC), the new law \"is already starting to bring businesses to Virginia as they see clarity and a path to implement their business plans.\"\n According to Virginia's Legislative Information System, the bill \"clarifies that it is lawful for a person with a license to manufacture industrial hemp products or engage in scientific, agricultural, or other research involving the applications of industrial hemp and that no person shall be prosecuted for the possession, cultivation, or manufacture of industrial hemp plant material or products. The current law authorizes the Board of Agriculture and Consumer Services to adopt regulations necessary to license persons to grow industrial hemp or administer a research program. The bill requires the Commissioner of Agriculture and Consumer Services to establish a licensure program, with a maximum license fee of $250.\"\n Virginia now joins other states such as California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Kentucky, Indiana, Maine, Michigan, Missouri, Nevada, New York, North Carolina, Maine, Oregon, Utah, Minnesota, Missouri, Tennessee, North Dakota and others. To see the full list of states pro he...