HEMP INC - HEMP STOCK NEWS

Hemp, Inc. highlights the efforts of higher education institutions in unveiling hemp's potential. Alabama A&M University and North Carolina State University are shaping the future of the hemp industry. Hemp's rapid growth and versatility will revolutionize various sectors. Hemp, Inc.'s Hemp University has trained over 500 farmers, focusing on bringing back the small family farm. A&M Agricultural Research Station in Alabama is growing hemp for clothing and construction materials. North Carolina State University is studying hemp as an alternative to tobacco. Challenges for fiber hemp farmers include planting density, weed management, and fertility. Hemp, Inc. provides premium hemp-derived products.

Hemp, Inc. reports that the global hemp seed market is projected to reach $2.2 billion by 2030, driven by the growing demand for plant-based products and rising health consciousness among consumers. The company can leverage this market growth through its hemp seed products and strategic partnerships. Additionally, a report by Textile Exchange highlights the potential for sustainable hemp fiber production and the importance of establishing hemp fiber standards.

Hemp, Inc. reports that the global market for hemp-based products is projected to reach $16.2 billion in 10 years. The current value of the market is $1.8 billion and is expected to grow due to increased opportunities, shifting trends, and less restraints. Hemp, Inc. believes its e-portal will capture a significant share of the marketplace. The younger population's inclination towards organic and natural products is driving the demand for hemp-based products globally. However, restrictions on export and import in some countries may impede market development.

Hemp, Inc. reports that the U.S. Department of Agriculture's Foreign Agriculture Service has renamed one of its Agricultural Technical Advisory Committees (ATACs) to include 'hemp', indicating the growing recognition of hemp's value. This move is expected to create more lucrative opportunities for companies in the industrial hemp market. Hemp, Inc. is a pioneer in the industry and offers a range of hemp-based products, including CBD/CBG/CBN products. The company's CBD/CBG coffee enhancer is four times more potent and more affordable than other hemp-derived coffee enhancers on the market.

Tennessee is set to pass a significant cannabis regulatory law to ensure safety and efficacy of hemp-derived products. The bill creates regulations on producing, selling, and distributing products containing hemp-derived cannabinoids. Hemp, Inc. believes this legal framework will benefit the industry. The bill requires licensing, testing, and labeling of products, as well as enforcement by the Department of Agriculture.

On April 18, 2023, Hemp, Inc. (OTC:HEMP) announced critical discussions surrounding the 2023 Farm Bill, which aims to enhance the hemp industry by facilitating farmer participation. The bill, supported by U.S. Senators Jon Tester and Mike Braun, intends to ease regulatory burdens associated with growing industrial hemp. This includes exempting farmers from extensive background checks and costly testing protocols. Tester's statement highlighted the need to remove government obstacles, promoting job creation in rural areas. The Environmental and Energy Study Institute emphasized hemp's potential in carbon sequestration and as a substitute for fossil fuels and paper. The hemp market was valued at $824 million in 2021, and addressing legal ambiguities is crucial for continued growth.

Hemp, Inc. (OTC: HEMP) emphasizes the significance of the 2023 Farm Bill in promoting industrial hemp production, highlighting its potential to transform U.S. agriculture. The bipartisan Industrial Hemp Act, introduced by Senators Tester and Braun, aims to reduce regulatory burdens on farmers growing industrial hemp, eliminating unnecessary checks and protocols. This legislation is seen as vital for expanding opportunities in a rapidly growing agricultural market, with hemp's capability to absorb significant carbon levels and replace various materials. The hemp market was valued at $824 million in 2021, showing promise for future growth as federal laws become clearer.

Hemp, Inc. (OTC: HEMP) announced a partnership to supply CBD and MCT oil for Kulture Wave Beauty, a beauty line by Cardi B. This collaboration is set to enhance both companies' reputations within the evolving beauty industry. Kulture Wave Beauty features products formulated by scientists and dermatologists, backed by intensive clinical research. The line is designed to cater to various skin types, particularly addressing issues stemming from tropical climates. With Cardi B's significant online presence, this partnership aims to create a substantial impact in the beauty market, leveraging high-quality hemp-derived ingredients.