North Carolina passed a law in October 2015 allowing for the
regulated cultivation of industrial hemp. Once guidelines for the hemp program
are established, landowners will be permitted to produce and harvest cannabis
containing less than 0.3% THC – the psychoactive chemical in marijuana that
creates a euphoric feeling. The NC Department of Agriculture will be
responsible for issuing licenses and distributing seeds to those who have
registered. The bill became law on October 31, 2015.
Industrial hemp will give North Carolina farmers another
valuable cash crop and could replace tobacco crops that have lost value in
recent years. For those concerned, hemp is very different than marijuana,
containing less than 0.3% THC, so it would be impossible to get “high” from
industrial hemp. Various parts of the plant can be used in the manufacture of
more than 25,000 products. The leaves and flowers can be used to make CBD
medicines for patients with cancer, intractable epilepsy, Amyotrophic Lateral
Sclerosis, Crohn’s disease, Parkinson’s disease and many others. The oil and
seeds have high amounts of omega fatty acids, which help improve cholesterol
levels and lower the risks of heart disease.
Hemp, Inc.’s (OTC: HEMP), wholly-owned subsidiary,
Industrial Hemp Manufacturing, LLC, is in the starting blocks ready to
capitalize on the country’s growing attraction to hemp by way of the operation
of the largest decortication plant in North America, which is located in Spring
Hope, North Carolina. In a proactive, strategic move, the company’s management
team initiated construction and installation activities at its
70,000-square-foot warehouse several months prior to the passing of the new law
in order to prepare for the likely legalization of industrial hemp production
in the state. Currently, the decortication plant is near completion.
Pat McCrory, Governor of North Carolina, passed Senate Bill
313, which is viewed by many as a major step in the direction of sustainable
financial growth for Hemp, Inc. The law’s intent is to “establish an
agricultural pilot program for the cultivation of industrial hemp in the state…
and to pursue any federal permits or waivers necessary to allow industrial hemp
to be grown in the state.”
Hemp, Inc. produces products made from industrial hemp. The
company also offers products and services to the medical and recreational
marijuana industries. The company develops and operates a website providing
entertainment and news related to the medical marijuana industry. The company
was formerly known as Marijuana, Inc. and changed its name to Hemp, Inc. in
June 2012. Founded in 2008, Hemp, Inc. is headquartered in Las Vegas, Nevada.
For more information, visit www.hempinc.com
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