Hemp, Inc. report: Bipartisan bill requires FDA to supervise

2021-12-13 16:45:31 By : Mr. Tomy GAO

December 9, 2021 at 13:42 EST | Source: Hemp, Inc. Hemp, Inc.

Las Vegas, Nevada, December 9, 2021 (Global News Service)-Via NewMediaWire-Hemp Company (OTC PINK: HEMP) is one of the leading global leaders in the industrial hemp industry and today reported that the House of Representatives Legislators introduced the CBD Product Safety and Standardization Act last week, which will "set federal standards for CBD food and beverage products to protect consumers and provide market stability for farmers and retailers." The bill will require the Food and Drug Administration (FDA) to establish regulations for foods and beverages containing hemp-derived CBD and allow them to conduct interstate trade.

This is a huge development in the cannabis industry that will benefit consumers. Since the declaration of hemp and its derivatives as federally legal under the 2018 Farm Act, the industry has been waiting for clear rules and regulations on food and beverages infused with hemp-derived CBD. Sponsored by Rep. Kathleen Rice (D-NY), Morgan Griffith (R-VA), Angie Craig (D-MN) and Dan Crenshaw (R-TX), the CBD Product Safety and Standardization Act will “help resolve the regulatory gap Cannabis stakeholders have been pushing the FDA to resolve.” Representative Katherine Rice (D-NY) recently pointed out that CBD products are gaining popularity, but the lack of federal regulation surrounding them puts consumers at risk and makes companies seek clarity. Spend.

The Bipartisan CBD Product Safety and Standardization Act of 2021 will establish a clear regulatory framework to provide stability for companies selling hemp-derived CBD food and beverages and ensure that unsafe products are removed from the shelves to ensure consumer safety. The current FDA regulations do not reflect the new reality of the proliferation of cannabis-derived foods. Therefore, “there are adulterated or unsafe products that threaten the health of consumers”.

To read the complete CBD Product Safety and Standardization Act of 2021 submitted, click here.

Hemp, Inc. already has the King of Hemp ® online store, which provides consumers with 24/7 convenience and safe online ordering for its CBG/CBD product line. King of Hemp® products are also available at retail locations in Florida, Arizona, Nevada, California, and Michigan.

The King of Hemp® product line includes:

King of Hemp® Gummies-These CBD foods come in various flavors and potencies, 25 grams, 20 grams and 10 grams respectively. Flavors include raspberry, kiwi, strawberry, pineapple, guava, tropical, apple, citrus, berry soup, etc. CBD fruit rings (20 grams and 10 grams) are available in apples, peaches and watermelons. Various flavors of the King of Cannabis® Sour Bear (10 g) are also available in stock.

King of Hemp® Caviar (previously known as Moon Rocks) provides high CBD potency and rich flavor. Caviar is made from high-quality Bubba Kush hemp flower, coated with THC-free distillate, and then rolled in CBG-rich kief. Although caviar can be smoked in a pipe or e-cigarette, it should not be involved in cigarettes.

King of Hemp® Diamonds contains more than 95% CBD and is derived from THC-free distillate infused with terpenes. The diamond is consumed by tapping.

The rich-tasting King of Hemp® Pre-Rolls is made of organic, pesticide-free Bubba Kush hemp, wrapped in RAW natural roll paper. The unique wrapping paper is made of 100% plants and no chalk or dye is added. Pre-Rolls are sold online in single and six-piece packages.

Fortified Pre-Rolls use King of Hemp® Pre-Roll and cover with high CBD distillate to help kief. Recommend these high-efficiency and delicious pre-rolls to experienced smokers.

Midnight Express is a high CBG Pre-Roll, made from high-quality hemp flowers, named in memory of Billy Hayes' book "Midnight Express" published in 1977, which is also Oliver Award-winning feature film written by Oliver Stone. Hemp, Inc. uses a proprietary process for its Pre-Rolls, which includes mixing the best flowers from many hemp crops. King of Hemp® Pre-Rolls provides smokers with unique and consistent characteristics every time. 

King of Hemp® tinctures are currently sold out, but the new formulation of tinctures will soon be available in King of Hemp® online stores and retail outlets.

Hemp, Inc. recent acquisitions   

Hemp, Inc. has just made its second major acquisition in less than three months. In an all-stock transaction, Hemp, Inc. acquired full ownership of American Sustainable Rubber Corporation (ASR). This specific acquisition will enable Hemp, Inc. to use ASR's proprietary intellectual property rights to improve its cannabis cultivation and harvesting. The first acquisition was the acquisition of Ferris Holding, Inc., a leading co-packer and manufacturer located in Las Vegas, Nevada. To learn more about how these strategic acquisitions position the company for long-term profitable growth, click here. 

With deep-rooted social and environmental missions at its core, Hemp, Inc. seeks to establish a business district for small cannabis growers in the United States, U.S. veterans, and other groups that experience a shrinking gap between income and soaring spending. The company's mission is to become a powerful engine for global social change and economic revival by providing environmentally friendly, sustainable and healthy hemp products. Hemp, Inc. executives believe that compliance with the corporate social responsibility program can bring tangible benefits. 

Ten departments of HEMP, INC.

Hemp, Inc. has always intended to continue to invest in the construction of its cannabis infrastructure, especially since it did not exist before. In fact, the company instinctively follows the same path as Amazon...reinvests profits and working capital in building infrastructure. This is a business strategy that has been proven effective.

In all the years before this, the largest cannabis infrastructure in the United States has been built and completed, and the company now focuses 90% of its energy on marketing and revenue generation.

The ten divisions of Hemp, Inc. are as follows:

Division One-Industrial Hemp Infrastructure

Part Two-Cannabis Cultivation Infrastructure

Part Three-Cannabis Pre-rolled Hybrid Infrastructure

Part Four-Cannabis Educational Infrastructure

Part Five-Marijuana Marketing Infrastructure

Part VI-Accessories, Products and Services

Division Seven-Research and Development

Part 8-Industrial hemp investment and joint ventures

Division 9-Industrial Hemp Consulting

Division One-Industrial Hemp Infrastructure

The industrial hemp infrastructure sector consists of two hemp processing facilities. The largest of the two is its multi-purpose industrial hemp processing facility and milling operations in Springhope, North Carolina. It is the largest "industrial hemp processing center" in the Western Hemisphere and has developed into one of the centers of excellence in the industrial hemp industry. The 85,000 square foot facility covers 9 acres. It is environmentally sustainable and built from the ground up, hoping to "make the United States a cannabis again."

The facility currently has approximately 769,794 pounds of raw kenaf bags, 363,225 pounds of DrillWall®; and 449,552 pounds of Spill-B-Gone™. There are approximately 1,582,571 pounds of product in total.

In addition to the company's two industrial hemp processing facilities, Hemp, Inc. has also acquired a major manufacturer and co-packer Ferris Holding Inc. ("Ferris"), headquartered in Las Vegas, Nevada. Hemp Inc.'s acquisition of all Ferris shares will save costs and increase revenue from products developed, manufactured and co-packaged by Ferris. As a leading co-packer and manufacturer, Ferris will expand Hemp, Inc.'s new products in the cannabis market, which can be distributed and sold by Hemp, Inc. worldwide.

Hemp, Inc. and colleagues also own land in Golden Valley, Arizona (100 miles from Las Vegas and 20 miles north of Kingman, Arizona). A large part of this land has been designated as the Veterans Village Relatives Community (VVKC) in Arizona and is preparing for industrial hemp cultivation. The company aims to boost the economy of these small towns by providing affordable cannabis processing services, which incentivizes local growers to add cannabis to their crop rotation.

DrillWall® (a lost circulation material)

Spill-Be-Gone® (an oil spill cleanup product)

Part Two-Cannabis Cultivation Infrastructure

Cannabis cultivation infrastructure (Part 2) includes farm equipment, cloning rooms, cloning and seeds, planting rooms, greenhouses, cannabis drying facilities, and a large number of peripheral farm tools and equipment. Over the past seven years, Hemp, Inc. has made amazing progress in its agricultural sector. (Visit https://www.hempincpresents.com/ to watch Hemp, Inc.'s growth videos in multiple locations.)

Hemp, Inc. also has three models of "small family cannabis farms". The "small family cannabis farm" in North Carolina covers an area of ​​12 acres, including a cloning room, a greenhouse, and enough land to grow 2,000-3,000 high CBD or CBG cannabis plants. This model shows farmers how to grow high CBD and CBG hemp plants, operate a greenhouse and turn a barn into a cloning room, earning up to $100,000 or more each year. This shows an example of how the "small family cannabis farm" can be replicated and reappeared in the American landscape. After all, the first small family farms in the United States were able to sustain economic survival by growing hemp as the main cash crop. The first five presidents of the United States were all hemp growers.

Two other "small family cannabis farms" models are located in Dolan Springs, Arizona. One of them is called "Orchard" because it has a fairly large organic orchard. There are 2 acres of land to grow CBG hemp; cloning room; cold storage; and planned greenhouse installation.

King of Hemp® Gummies-These CBD foods come in various flavors and potencies, 25 grams, 20 grams and 10 grams respectively. Flavors include raspberry, kiwi, strawberry, pineapple, guava, tropical, apple, citrus, berry soup, etc. CBD fruit rings (20 grams and 10 grams) are available in apples, peaches and watermelons. Various flavors of the King of Cannabis® Sour Bear (10 g) are also available in stock. 

King of Hemp® Caviar (previously known as Moon Rocks) provides high CBD potency and rich flavor. Caviar is made from high-quality Bubba Kush hemp flower, coated with THC-free distillate, and then rolled in CBG-rich kief.

King of Hemp® Diamonds contains more than 95% CBD, derived from THC-free distillate infused with terpene. 

King of Hemp® Pre-Rolls has a strong flavor and is made of organic, pesticide-free Bubba Kush hemp, wrapped in RAW natural roll paper. The unique wrapping paper is made of 100% plants and no chalk or dye is added. Pre-Rolls are sold online in single and six-piece packages.

Fortified Pre-Rolls is an efficient and delicious pre-roll recommended for experienced smokers. It uses the King of Cannabis® pre-roll and is covered with high CBD distillate to help kief.

Midnight Express is a high CBG Pre-Roll, made from high-quality hemp flowers, named in memory of Billy Hayes's book "Midnight Express" published in 1977, which is also a book Award-winning feature film, written by Oliver Stone (Oliver Stone). Hemp, Inc. uses a proprietary process for its Pre-Rolls, which includes mixing the best flowers from many hemp crops. King of Hemp® Pre-Rolls provides smokers with unique and consistent characteristics every time.

King of Hemp® Tinctures has a new formula that will soon be available in King of Hemp® online stores and retail outlets.

Hemp, Inc. began shipping its King of Hemp® product line to stores across the country at the end of 2020.

Part Three-Cannabis Pre-rolled Hybrid Infrastructure

Hemp, Inc. acquired Ferris Holding Inc. ("Ferris"), a major manufacturer and co-packer based in Las Vegas, Nevada. The acquisition of all shares of Ferris by Hemp, Inc. will save costs and increase revenue from products developed, manufactured and co-packaged by Ferris. As a leading co-packer and manufacturer, Ferris will expand Hemp, Inc.'s new products in the cannabis market, which can be distributed and sold by Hemp, Inc. worldwide.

Ferris was established and started operations in 2005 and has been the manufacturer of Hemp, Inc.'s King of Hemp® smoking product line. With consistent first-class health sector ratings and innovative manufacturing processes that improve quality while reducing losses, Ferris is a highly regarded manufacturer. Ferris' ownership has agreed to allow its management team to stay for at least one year to ensure a smooth transition to Hemp , Inc.’s management team. 

Part Four-Cannabis Educational Infrastructure

The Hemp Educational Infrastructure division includes Hemp, Inc.'s Hemp University, which focuses on empowering hemp farmers and entrepreneurs through knowledge, processing, infrastructure, and support for education. As needed, educational seminars are held through Hemp University. These seminars teach farmers and landowners how to create a profitable income stream by maximizing their income per acre. Through this department, Hemp, Inc. has trained more than 500 farmers through a total of nine Hemp University seminars held in North Carolina and Oregon in the past two years, including:

· New Leaf Seminar and Golden Grow Awards Gala – January 26, 2020 (Jacksonville, Oregon). This seminar celebrated the optimism and resilience of the industry, the power of plants, and the confidence in the cannabis-producing community. The event was sold out by more than 180 participants and ended with the "Golden Grow Awards Gala". The Golden Grow Awards Gala recognized Oregon’s top varieties and brought the best farmers in Oregon to confront some of the most prestigious marijuana industry honors. The awards are divided into four categories: top CBD, top terpenes, judge's favorite and people's choice.

· Pre-harvest seminar – September 8, 2019 (Oregon). The seminar was held at Southern Oregon University and was designed for farmers and entrepreneurs of all levels of experience, with a focus on harvesting, processing, and profit channels within the cannabis industry. The third edition of Southern Oregon Marijuana University brings a wealth of insights into innovations in harvesting and processing. In addition, the seminar also covered traditional agricultural practices.

· Pre-planting Support Workshop – May 4, 2019 (Oregon). The pre-factory support seminar was incredibly successful, and the entire venue was packed with attendees. There were nearly 200 attendees in total, including 20 suppliers. The seminar aims to help cannabis farmers or those interested in the cannabis industry learn the best pre-planting practices before the planting season. The Cannabis University Pre-planting Support Seminar is an interactive and informative seminar that covers various details that cannabis farmers should know before planting.

· Marijuana University Education Seminar-March 23, 2019 (Oregon). This is the first cannabis university to be held on the West Coast. The seminar provided participants with a full day of communication, education and support. The seminar helped others in the region interested in the hemp industry to learn more about the "industrial hemp revolution" and how this movement can not only change the economy of southern Oregon, but also revitalize family farms and small businesses in the surrounding area.

· Growing cannabis for profit-March 10, 2018-(North Carolina). The first educational seminar of Hanma University in 2018, entitled "Growing Cannabis for Profit", was held on Saturday, March 10, 2018. Participants learned from industrial hemp experts at the university and shared their experiences and lessons learned from industrial hemp cultivation.

· Hemp Money Event: Economics, Lessons & Planning for 2018 – December 2, 2017 – (North Carolina). This is the fifth most important and most anticipated educational seminar this year. Participants learned about the economics of growing industrial hemp for fiber, seeds, and CBD. They also learned about the experiences and lessons of other major POD growers; and learned how to prepare for the 2018 industrial hemp growing season with a clear blueprint for success.

· Hemp Oil Incident: The Art and Science of CBD Oil-September 30, 2017 (North Carolina). This is the fourth seminar of Hemp University in North Carolina. It will be held on Saturday, September 30, 2017 from 8:30 am to 5:00 pm at Peachtree Hills Country Club, 3512 Peachtree Hills Road, Spring Hope, NC 27882. The seminar attracted participants to accelerate all the commercial and scientific development of industrial hemp CBD cannabinoids by disseminating current and reliable information that continues to shape the revolutionary CBD market. Participants also had the opportunity to visit Hemp, Inc.'s then 70,000 square foot multi-purpose industrial hemp peeling facility to publicly demonstrate its supercritical carbon dioxide extraction system using CBD industrial hemp grown in North Carolina for the first time. NuAxon Bioscience representatives were also on the spot to let those who are interested in purchasing their own CBD extraction system.

· The Art and Science of CBD Greenhouse Growing-June 24, 2017 (North Carolina). The third Hemp University education seminar held on June 24, 2017 focused on the art and science of CBD greenhouse cultivation. The educational seminar was held at Lewisburg College in Lewisburg, North Carolina. A team of experts interacted with participants in the greenhouse and indoor planting process, from planting to harvesting, from processing to distribution. Dr. Robert Bruck, Dean of the Faculty of Science, Technology, Engineering, and Mathematics at Lewisburg College, and Distinguished Professor of Environmental Science, was a special guest of Cannabis University. He gave a lecture on soil microbiology during the seminar. Participants can spend half of the course in Hemp, Inc.’s 70,000 square foot Industrial Hemp Hub’s 3,000 square foot cloning room. There, participants have the opportunity to experience more hands-on learning methods.

· Farming Hemp for Profit™-April 29, 2017 (North Carolina). Hemp, Inc. has achieved amazing success through its second sold-out educational seminar (Farming HEMP for Profit™) organized by its Hemp University. The seminar was held on Saturday, April 29, 2017 from 8:30 am to 5:00 pm at the Hampton Inn & Suites located at 3920 Arrow Drive, Raleigh, NC 27612 and attracted more than 100 attendees. A one-day educational seminar and a visit to Hemp, Inc., at the time, the 70,000 square foot multifunctional industrial hemp facility was for landowners and farmers to learn how to go through a "specific step-by-step blueprint" on how to grow, sell, and learn from the agricultural industry. Profit from marijuana. The event fulfilled its mission to help landowners and farmers add new viable and profitable sources of income by maximizing income per acre of crops.

· Farming Hemp for Profit™-March 18, 2017 (North Carolina). This is Hemp, Inc.'s first Hemp University seminar. The symposium was a packed event and was a huge success. 100 participants thought the quality of the information provided was very good. The seminar was held on Saturday, March 18, 2017 from 8:00 am to 5:00 pm at Hemp, Inc.'s wholly-owned subsidiary Industrial Hemp Manufacturing, LLC, at 1436 Highway 581 North, Spring Hope, North Carolina, 27882 The one-day educational seminar is an opportunity for landlords and farmers to obtain "specific step-by-step blueprints" on how to use real business strategies and principles to grow, sell, and profit from agricultural industrial hemp, by industry experts.

To listen to past workshops at Hemp University, please visit hemp-university.teachable.com. You can also visit https://www.hempincpresents.com to view the highlights of Hemp, Inc.'s first Hemp University in North Carolina, which sold out in two weeks.

Hemp University’s 12 online education master classes are each $10, and each master class is less than an hour in length. Online courses include lectures by industry leaders who educate attendees at seminars at Hemp University in Oregon. These online master classes are for farmers who cannot attend the first Hemp University or want to revisit certain topics raised by the speakers of the event.

Those interested in Hemp, Inc.'s online courses, including experts in any aspect of the industrial hemp industry, should contact Chris Tinney at (855) 554-6834 or via email (ctinney@hempinc.com).

Part Five-Marijuana Marketing Infrastructure

Although marketing is a key aspect of any business operation that increases revenue, Hemp, Inc. believes that a great deal of attention must be paid to infrastructure. There is a huge demand for hemp products such as CBD and CBG, and some people even say that the demand cannot be met. In order to meet this type of quantity/demand, there must be a strong foundation or infrastructure. Hemp, Inc. will continue to develop the rock-solid Hemp marketing infrastructure.

Part VI-Accessories, Products and Services

The accessories, products and services department focuses on the sales of hemp industry accessories, such as the sale of extractors, harvesters, storage bags, containers, fertilizers, soil amendments, humidifiers, dehumidifiers, balers, greenhouses and greenhouse equipment; other farmers The drying, trimming, curing, storage, and intermediary of harvested hemp; and ultimately anything else that hemp farmers may need to succeed.

Hemp, Inc. plans to significantly expand the division.

Division Seven-Research and Development

Hemp, Inc. is proud to be a pioneer and leader in the early stages of the U.S. cannabis industry. From the beginning, the R&D department has been an integral part of the company. A formal R&D project is underway, and the company plans to expand this department in the future.

Part 8-Industrial hemp investment and joint ventures

Since the passage of the Cannabis Act in 2018, Hemp, Inc. has been full of inquiries from people who want to invest in the cannabis industry but don't know where to start. As an avant-garde in the industrial hemp industry, Hemp, Inc. brings together numerous joint venture investment opportunities for large and medium-sized investors. If you are interested, please email ir@hempinc.com.

Since the passage of the 2018 Farm Bill, millionaire investors, in some cases billionaires and multi-billion dollar hedge fund managers, are actively trying to enter the cannabis industry. The joint venture agreement with Hemp, Inc. is very attractive to investors because the company has a large network of experts and resources.

Division 9-Industrial Hemp Consulting

Hemp, Inc.'s Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) was reorganized into the ninth department and is now "the ninth department-industrial hemp consulting." With the influx of public companies hoping to expand into the industrial hemp industry, Hemp, Inc. was overwhelmed by potential consulting agreements. In order to keep pace, Hemp, Inc. transformed its consulting department, working closely with each company to provide its years of expertise.

Usually, companies seeking in-depth consulting services from Hemp, Inc. pay mainly for stock fees, because cash flow is usually tight during the development stage of startups in this industry. Through Hemp, Inc.'s Industrial Hemp Consulting department, from the experience of creating the first listed company in the cannabis industry (Medical Marijuana, Inc.) and having more than ten years of experience in the industrial field, we have built a wide range of public sectors serving the cannabis industry .

The entertainment department of Hemp, Inc. will cover everything from investment in the movie "The Adventures of the King of Pot" (https://www.kingofpotthemovie.com/) and other historical films, books and documentaries that represent our industry to the current production of "marijuana" "The Modern History" of the documentary series. Anyone interested in investing in any of these companies should contact Chris Tinney, the department’s project manager, at 855-554-6834 or via email ctinney@hempinc.com.

To view the live feed of the Kins community in Veterans Village, Arizona, please visit https://www.hempinc.com/arizona and click "View Live Feed" or visit www.kinscommunity.com and click the "Live Video" tab .

The Kings Community of Veterans Village in Arizona has completed the final site for 36 of its 500-acre sites in Golden Valley, Arizona (20 miles north of Kingman, Arizona and 90 minutes from Las Vegas, Nevada) Planning the blueprint. The company is also in the final stages of completing the necessary infrastructure to support off-grid renewable energy systems.

You can click the "Live Video" tab on www.kinscommunity.com to access the live video. The audience can actually see the design method of the relatives of the Veterans Village and watch its construction process. The basic framework or master plan of the relative community of the Veterans’ Village is to create a holistic treatment and learning center designed to educate and treat veterans with PTSD, alcoholism, methamphetamine addiction, opioid addiction, and other psychological conditions. Conduct training. They explored many aspects of becoming part of the emerging multi-billion dollar cannabis industry.

The company will also establish cannabis-growing communities for the relative communities of the “abuse” women and children’s villages; relative communities of the “orphans” village; the “homeless” Village Kins communities, and the “therapists” Village Kins communities (therapists are professional People who know how to treat these traumatized groups); and the "healer" community, called Healer Village Kings Community Arizona. These specific communities all work together and support each other at the same time.

For example, "healers" heal wounded veterans and women and children; women raise orphans, and orphans want to see people living at home instead of being homeless. Therefore, a part of the cannabis grown in each community is used to create and support another community, so that everyone has a feeling of giving back and helping others, as if they were self-help. This goes back to the therapists, who are also dedicated to healing veterans and other traumatized groups. This is the economic basis for how the sales of cannabis products operate as an example of the "quantum economic matrix" or "symbiotic economics," which is much more complicated than this brief description allows.

VVKC will include a 100,000 square foot GMP-compliant central processing plant and various health and wellness centers to support veterans who may have psychological, emotional or health problems. It will also provide a place for veterans and other Americans to learn new skills and participate in this multi-billion-dollar cannabis CBD market. Giving back to the society is an important part of the company's mission. They also expanded the Kins Community concept internationally, focusing on but not limited to Israel, New Zealand, Canada, Africa, Australia and Jamaica.

Hemp, Inc. has created a lot of media coverage. Please refer to the list of some news clicks that the following companies have received:

This press release may contain certain forward-looking statements and information as defined in 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 established by these sections. The U.S. Securities and Exchange Commission (SEC) requires issuers to provide "sufficient up-to-date information." Hemp, Inc.'s finances are listed on the OTC exchange. More information can also be found on the Hemp, Inc. website by visiting www.hempinc.com/hemp-financial-disclosures/. The material contains statements about expected future events and/or financial results that are forward-looking and subject to risks and uncertainties. Such forward-looking statements involve risks and uncertainties.