SOURCE: Hemp, Inc.

Hemp, Inc.

May 17, 2017 06:00 ET

Arizona House Committee Passes Industrial Hemp Bill Hemp, Inc. Reports

SPRING HOPE, NC--(Marketwired - May 17, 2017) - With Hemp, Inc.'s (OTC PINK: HEMP) 500-acre Arizona hemp farming infrastructure moving into high gear, the following news could not have come at a better time. We are pleased to report Arizona's House (Committee of the Whole) passed SB1337, amended, last week on 5/8/17 after the Senate passed it on 2/23/17. Proposed by Senator Sonny Borrelli, the bill would legalize the production, processing, sale and distribution of industrial hemp for commercial purposes and be treated as an agricultural crop subject to regulation by the Arizona Department of Agriculture. Senator Borrelli believes hemp would be a "good cash crop" for Arizona farmers since it can be used for a multitude of products ranging from fiber for clothing to oil. Thus, Arizona is "on the verge of authorizing its farmers to start growing hemp" according to one local new source.

This is perfect timing, according to Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP). Hemp, Inc.'s 70,000 square-foot multi-purpose industrial hemp decortication facility, in Spring Hope, North Carolina, is set to be fully operational any day now and will be the largest hemp processing plant of its kind in the western hemisphere. "Our type of commercial facility is an essential part of industrial/processing infrastructure necessary for the emerging, large scale industrial hemp industry in America. Now that we have that in place, we are focusing on building the farming infrastructure all over America. Acquiring a hemp baler in North Carolina, growing hemp clones in Colorado, joint ventures in Kentucky, and establishing the Arizona 'Veteran Village Kins Community' are the ways we have, thus far, implemented the first phase of our massive expansion plan to grow hemp in all legal states," said Perlowin. The Hemp University is the educational infrastructure and Hemp, Inc.'s CO2 Critical Extractor purchase is part of an already existing and rapidly expanding extraction infrastructure in America. (A more detailed description Veteran Village Kins Community can be read below.)

Perlowin continued, "The legalization of industrial hemp in Arizona would benefit its economy and expand its sources of revenue. Industrial hemp can also improve the agricultural vitality of Arizona. Because of these primary reasons, industrial hemp will continue to increase in demand." He went on to say, "For the last 3 years, I've been planning for the legalization of hemp in Arizona by building a 'Hemp Growing Veteran Village Kins Community' on 500 of our 4,500 acres in Arizona, north of Kingman." The eco-villages would also include organic gardens, natural beehives, a pond, a living fence and other elements.

Thus far, there are a total of 6 geodesic domes on Perlowin's Hemp Growing Veteran Village Kins Community in Arizona. One of the five domes has been completed, according to Dwight Jory, Project Manager for the Veteran Village. "We used giga-crete to stucco the outside of the dome we completed. The bathroom area is also completed. The next construction on the dome will be the entryway. The water system in the dome is connected to our high capacity commercial water well about 2 miles from the dome."

Per Jory, 1,200 trees have already been planted with another 100 in the process of being planted. A 1,500-ft water line has also been installed for the irrigation. "We are very pleased with the process. We just got the permit issued that was needed for the first 20x100ft greenhouse, which should be completed in the next couple of weeks. Right now, we are in the middle of conducting the site civil engineering." The company is soliciting bids for design of a solar array system and we have installed six (6) 40x40 planting boxes that are being filled with soil for planting organic vegetable gardens.

To date, Perlowin has seven "master hemp growers" from Oregon, Colorado, California, Kentucky, North Carolina, Nevada and, of course, Arizona who have expressed a strong interest in pursuing a joint venture with Hemp, Inc. to each grow industrial hemp on 50 acres in Arizona. Perlowin is calling it "The Great United Hemp Demonstration" which will encompass a total of 350 acres.

UPCOMING HEMP EVENTS

1. Marijuana Business Conference and Expo - Washington, DC
2. Hemp on the Slope - Colorado
3. Cannabis World Congress and Business Exposition - New York
4. The Hemp University's Farming HEMP for Profit - North Carolina

(see more information on these events below)

ABOUT NORTH CAROLINA INDUSTRIAL HEMP ASSOCIATION

The almost 1,000-member North Carolina Industrial Hemp Association (NCIHA) is a 501(c)(6) trade organization that represents all the stakeholders helping to build a thriving hemp industry in North Carolina. The NCIHA is responsible for the lobbying effort behind the passage of the North Carolina Industrial Hemp Pilot Program. Through education, dedication and fundraising, North Carolina can be accelerated to the forefront of global growth in Industrial and Medicinal Hemp. North Carolina can and should lead the country in cultivation, processing and support the consumption of hemp's many beneficial products. Hemp was, for almost 200 years, a legal and fundamental crop in North Carolina and should be again.

Visit www.ncindhemp.org for more information. To join the North Carolina Industrial Hemp Association, click here.

IN THE NEWS: HEMP ON TRACK FOR LEGALIZATION

Washington: The state of Washington removed industrial hemp from the state list of illegal drugs. According to Hemp Today, the state's governor, Jay Inslee, said the bill will protect farmers and processors from federal interference. The measure affecting industrial hemp also included guidelines for edible marijuana products and licensed marijuana sellers. The