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Hemp, Inc. Applauds Senate Agriculture Committee for Passing Farm Bill with Hemp Legalization
Hemp, Inc. Applauds Senate Agriculture Committee for Passing Farm Bill with Hemp Legalization.
About this update from Hq Global Education Inc
[{"type":"text","content":"\nSPRING HOPE, NC, June 20, 2018 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today the company applauds the Senate Agriculture Committee for passing last Wednesday the 2018 farm bill in a 20-1 vote. The farm bill includes hemp legalization that is backed by Senate Majority Leader Mitch McConnell.\n According to McConnell, hemp farming in Kentucky can help replace some of the revenue from falling tobacco demand, reported CNBC. \"I know there are farming communities all over the country who are interested in this,\" said McConnell, according to CNBC. \"Mine are particularly interested in it, and the reason for that is — as all of you know — our No. 1 cash crop used to be something that's really not good for you: tobacco. And that has declined significantly, as it should, given the public health concerns.” Officially known as the Agriculture Improvement Act of 2018, the draft farm bill contains more than 1,000 pages and covers everything from farm subsidies and food stamps to trade and rural development policy. Farmer assistance includes commodity payment programs, as well as subsidized crop insurance. Hemp, Inc. announced its support in April for Senate Majority Leader Mitch McConnell’s introduction of a bill to remove industrial hemp from the federal government’s schedule of controlled substances.   “Hemp legalization is drawing support from both sides of the political aisle as legislators learn more about how hemp can provide much needed revenue streams to farmers across the country,” said Hemp, Inc. CEO Bruce Perlowin. “We are encouraged by this version of the farm bill that would protect crop insurance, providing much-needed certainty for farmers.”  Notably, there are now 40 states in the nation that have legalized hemp. Companies seeking to enter or further develop their footprint in the industrial hemp marketplace are aligning with Hemp, Inc. for the company’s proven expertise and state-of-the-art hemp processing and manufacturing infrastructure in Spring Hope, North Carolina. Hemp, Inc.’s 85,000 square foot hemp processing and manufacturing facility has been ope...