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USEI Excited About the Legalization of Hemp Cultivation
USEI Excited About the Legalization of Hemp Cultivation.
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[{"type":"text","content":"\n \n \n USEI Excited About the Legalization of Hemp Cultivation\n \n \nUSEI Excited About the Legalization of Hemp Cultivation\n \n SANTA CLARITA, CA--(Marketwired - Feb 5, 2014) - U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) is pleased today to announced that the Company is extremely excited about Congress' decision to legalize the cultivation of Hemp. Pursuant to the passage of the new Farm Bill, the cultivation of industrial Hemp is legal on a Federal level and is clearing the way for industrial Hemp pilot programs in 10 states such as Colorado, Washington, California, Kentucky, Maine, Montana, North Dakota, Oregon, Vermont and West Virginia, where growing the plant is legal.\n According to Anthony Miller, CEO, \"Currently, a main reason that Hemp is not typically used to produce biodiesel is its cost ratio. Due to growth limitations in the U.S. farmers sold nearly all Hemp seeds to the human nutrition sector. It is anticipated by some experts that the new legalization will help to reduce costs, thus placing Hemp into a desirable range.\n \"Most biodiesel refineries complain about not being to locate enough economic feed-stock to operate a profitable refinery and have relied upon the renewal of federal tax credits. Hemp could be the answer that refineries and the government are looking for. Not only does the biodiesel have wonderful properties-better cloud point and cetane value than biodiesel made from canola or soy oil-its distinctive green color is a great marketing tool. Also, Hemp seed does have a relatively high oil content of about 33 percent, compared with canola at about 40 percent. \n \"Currently, Cannabis/Hemp are being used for medicine, fuel, paper, food, rope, maps, clothes, nets, lace, soap, sails, shoes, plastics, explosives, caulking, fiberboard, paint, sealant, methanol, gasoline, fiber for fuel, bricks, charcoal, auto bodies, packing mass, lubricants, oil for lighting, oil for fuel, oil for lights, animal food, furniture, mats, varnish, lotions, ointments, lacquer, salad dressings... Retail sales of these goods reached nearly $500 million in 2012, according to the Hemp Industries Association. There are an estimated 50,000 commercial uses. Until about 100 years ago almost all the world's bibles maps, sails, clothes and books were made out of cannabis.\" \n \"Until we get final a...