Las Vegas, NV - (NewMediaWire) - September 17, 2020 - Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with an 85,000 square-foot multipurpose industrial hemp processing facility in Spring Hope, North Carolina; a 500-acre hemp growing Veteran Village Kins Community in Golden Valley, Arizona; two model “Small Family Hemp Farms” in North Carolina and Arizona; a hemp pre-roll blending manufacturing facility in Las Vegas, NV; a 5,000 square-foot retail store (The King of Hemp Store™) in Kingman, Arizona; and recently surpassed over $2 million in sales of their pre-98 OG Bubba Kush buds, has announced that its CEO Bruce Perlowin has been featured in a Fox Business article.
The article, “USDA reopens comment period on hemp regulations as lawmakers, growers worry rules could stunt budding industry,” covers the United States Department of Agriculture and the reconsideration of hemp regulations as it relates to the testing and disposal of hemp. The USDA has reopened the comment period for the interim final rule (IRF) to discuss two regulations, one that would require labs that test hemp to be registered with the DEA and one that would require law enforcement to be present during hemp disposal processes. The story features commentary from hemp growers, thought leaders, and senators that believe these new directives will hinder the growth of the industry.
Hemp, Inc. CEO Bruce Perlowin was one industry professional cited in the story for his thoughts on the proposed new regulations. Perowin mentions that he has more concern for the smaller farmer and how these regulations could send them into turmoil.
"It's not a bunch of hippies anymore growing marijuana that are protesting the war. That era is gone," he told Fox Business reporter Tyler Olson. "What you're talking about is the American farmer, the red, white and blue farmer. The guy who is going to take it, try new crops, and you're going to go burn his crop and plow it under? I mean think about that, he's going to lose the farm."
Speaking to the new testing regulations in question, Perlowin suggests the proposed directives will create an unnecessary barrier for farmers to access the rapidly evolving U.S. hemp market.
"You can't test in a DEA lab. There's not enough of them," he said. "So you've got this massive bottleneck, you know, looming in the future unless it's changed."
According to Vote Hemp, states have licensed a total of 21,496 hemp growers in 2020, a 27 percent increase compared to the 16,877 farmers and researchers licensed in 34 states in 2019. The number of growers licensed for 2019 showed a 476 percent increase over 2018.
To read the Fox Business article, click here.
To see one-minute videos of Hemp, Inc.’s current activities, visit Bruce Perlowin’s personal Facebook page, where he shares daily posts of Hemp, Inc.’s activities around the country. Additionally, follow Hemp, Inc. on Instagram here and on Twitter here.
To view the webinar featuring Hemp, Inc.’s CEO, Bruce Perlowin, click here.
WHAT IS HEMP, INC.?
What is Hemp, Inc.? With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. To clarify the issue of OTC placing a stop sign next to Hemp, Inc.’s stock trading symbol, that symbol indicates Hemp, Inc. does not report their financials. As a non-reporting pink sheet company, Hemp, Inc. is not required to report. The company does, however, choose to publicly report its quarterly and yearly financials on its website. According to the company’s CEO, the OTC stop sign is a misrepresentation of that reporting fact. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties.