Hemp, Inc. Reports: USDA Hemp Production Guidance Now in Effect
Hemp, Inc. (OTC PINK: HEMP) announced the U.S. Department of Agriculture's 2018 Farm Bill ruling is now in effect, providing a national regulatory framework for hemp production as of March 22, 2021. This is expected to benefit hemp growers by clarifying regulations amidst the industry's growth. The ruling raises the THC negligence threshold from 0.5% to 1% and limits violations. Hemp, Inc. is leveraging its extensive experience and consultations to assist new market entrants, enhancing opportunities in an expanding industry.
- U.S. Department of Agriculture's new ruling enhances regulatory clarity for hemp growers.
- Increase in THC negligence threshold from 0.5% to 1% allows more leeway for producers.
- Ongoing consulting services are attracting new clients seeking to enter the hemp market.
- Expansion of the industrial hemp industry presents growth opportunities for the company.
- None.
Las Vegas, NV, March 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hemp, Inc. (OTC PINK: HEMP) a global leader in the industrial hemp industry with bi-coastal processing centers, is pleased to report the final ruling from the U.S. Department of Agriculture’s 2018 Farm Bill, to establish a national regulatory framework for hemp production in the United States, went into effect Monday, March 22, 2021 and is expected to bring much-needed clarity to hemp growers and processors in states across the nation. The hemp crop is still relatively new in some states. In Montana, for instance, hemp growing has been a huge learning curve all around which is why their intrastate networking has been so important. With the final ruling now in effect, hemp growers there are gaining much needed clarity.
Hemp, Inc. is one of the top experts in America. Over the last decade, the Company has forged and cultivated an invaluable network of industry professionals spanning every aspect of the industrial hemp industry. With an influx of public companies wanting to expand into the industrial hemp industry, Hemp, Inc. has been inundated with potential consulting agreements through its Industrial Hemp Consulting division.
“As new states get the green light for hemp production, we are finding our consulting services to be invaluable to them. They need to know how to process, source seeds, grow, harvest, buck, dry, market and of course sell it. You also have to know the trends because that definitely affects your bottom line. For example, do you create a CBD or a CBG product or should you grow industrial hemp? Tinctures or pre-rolls? Decisions, decisions, decisions… are you making the right decisions to come out ahead? Too many farmers have lost their shirts and even their farms so timely market information is extremely important. The Company works hands-on with each company and provides its expertise. We like to create a sense of a ‘Community of Companies’ whereby a lot of companies are working together to pool their resources, marketing connections and strategies in order to grow simultaneously,” noted a Hemp, Inc. executive.
According to one news source, “the final rule raises the negligence threshold for hemp's THC level from .5 percent to 1 percent and limits the maximum number of negligent violations that a producer can receive in a growing season (calendar year) to one.” Hemp, Inc. executives say this final ruling, coupled with more and more states giving industrial hemp the green light, should not only provide the necessary clarity hemp growers need but should provide a lot of great opportunities for hemp growers nationwide.
The final rule’s modifications were based on public comments and lessons learned during the 2020 growing season and hopefully lead to growth of the crop. Some of the key provisions of the final rule include: Negligent violation; Disposal and remediation of non-compliant plants; Testing using DEA-registered laboratories; Timing of sample collection; Sampling method; and, Extent of Tribal Regulatory Authority over the Territory of the Indian Tribe. To read the full list of key provisions with details, click here.
To read the entire final ruling, click here.
With fewer roadblocks and less red tape, Hemp, Inc. executives say this will likely present more opportunities for hemp farmers and growers to successfully navigate the industry. Hemp, Inc. continues to grow as the industry grows. The company has over a decade of experience in growing, harvesting, processing and selling industrial hemp, as well as having a strong foothold on the educational front with its Hemp University.
Hemp, Inc.’s main focus is now on marketing and is currently negotiating with a network marketing company to launch several new products for different niche markets. Digital marketing campaigns are in the works including planning for display booths at all the concerts and events at the Veteran Village Kins Communities. The Company is also selling directly to retail stores as well as distributing through all the King of Hemp Stores opening around America this year. Online distributors such as NaturalExposureCBD.com are also carrying the products.
The company recently added its second brand (Billy Hayes) in the King of Hemp® product line which already consists of Bubba Kush hemp; CBD Pre-rolls, Fortified CBD Pre-rolls, CBD and CBG Caviar/Moon Rocks; and Diamonds (which are
There’s also a signed (by Bruce Perlowin) and numbered complete set of King of Hemp® CBD pre-rolls. (To hear the Bruce Perlowin theme song, click here.) The third in the series will be the Notorious Smith Brothers (famous smugglers from South Florida) to be released at a later date.
The Company’s website for its King of Hemp® line (www.kingofhempusa.com) also has CBD oil tinctures available for purchase. The tinctures are available in two flavors, Natural and Peppermint, and contain full-spectrum hemp oil extracted from the flowers and leaves of hemp plants sustainably sourced from Colorado. They are also compliant with the regulations created by the Colorado Department of Agriculture in regards to industrial hemp. The tinctures, as well as all CBD products, contain
To learn more, go to the King of Hemp® website, here.
Those interested in King of Hemp® pre-rolls; hemp-derived CBD tinctures; Caviar; Diamonds; can visit www.kingofhempusa.com and email sales@kingofhempusa.com.
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 hemp farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. The Company is on a mission to be a powerful engine for social change and economic revival, worldwide, by providing hemp products that are eco-friendly, sustainable and healthy. Hemp, Inc. executives believe 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. The Securities and Exchange Commission (SEC) requires issuers to provide “adequate current information” and Hemp, Inc. does… using the SEC’s Alternative Reporting Standard to publicly report its quarterly and yearly financials. All current information can be found on www.hempinc.com/hemp-financial-disclosures/. 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.
Contact:
Hemp, Inc.
855-436-7688
FAQ
What is the recent press release about Hemp, Inc. regarding the Farm Bill?
How does the USDA's ruling impact hemp growers?
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When did the new regulations for hemp production come into effect?
What are the implications of the increased THC negligence threshold for hemp producers?
