Hemp, Inc. this morning reported that the hemp bill that
replaced Senate Bill 313 could put the production of industrial hemp another
step closer to legalization in North Carolina. The company pointed to a recent
article by The News & Observer, “Hemp Farming Gets Support from NC House
Panel,” which states that if the bill successfully passes through Congress, an
appointed N.C. Industrial Hemp Commission would manage a pilot program.
The article also notes that the appointed commission would
provide applications for hemp farming and coordinate research projects with
N.C. State and N.C. A&T universities, falling in line with the Farm Bill
(2014), which defines industrial hemp as distinct and authorizes universities
or state agriculture departments to conduct research and pilot programs.
If passed through both the House and Senate, North
Carolina’s hemp bill will also allow for hemp farming in the state.
Representative Jeff Collins, sponsor of the legislation, believes North
Carolina is the ideal location for hemp cultivation as it is home to one of
five decorticators in the world.
“The Spring Hope facility will give North Carolina farmers a
leg up in this industry,” Collins is quoted as saying in The News &
Observer.
In light of this news, Hemp, Inc. appears to be
well-positioned to take advantage of any opportunities stemming from the
pending legislation. The company also issued an update on the status of its
multipurpose industrial hemp processing plant in Spring Hope, North Carolina,
which is now 80% complete. Among other updates, the company said the processing
plant is being prepped for maximum operational efficiency and, in addition to
three visits from a German engineer, an electrical contractor is on site
assembling the electrical wiring. To-date, 50% of the wiring has already been
laid in the cable trays.
While Hemp, Inc. executives expect the plant to be fully
operational before the end of the fourth quarter of 2015, the company warns
that unexpected delays could occur – though potential delays don’t dampen the
company’s optimism over the potential of the entire project.
“Our hemp processing plant is the first and only commercial
factory to be built in the United States in almost a century. We have been
meticulously building the infrastructure to be able to vertically integrate
growing, decortication, and milling and this is no small feat. We aim to spark
a new clean green American Agricultural and Industrial Hemp Revolution for the
American farmers and hemp product manufacturers. The infrastructure, now being
put in place, will also have an astounding effect on the economy, all due to
the revival of industrial hemp,” Bruce Perlowin, CEO of Hemp, Inc. stated in
the news release.
According to the company, the fact that hemp is not yet
legal in North Carolina played no role in setting up shop in North Carolina.
Executives say the company will process kenaf as soon as the decortication
machinery is operational.
“We expect it to produce millions of dollars in revenue a
year just from processing kenaf, which is legal and also very lucrative,” said
Perlowin.
For more information, visit www.hempinc.com
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