NEVADA: An industrial hemp decortication facility, spearheaded by Hemp, Inc. wholly-owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), is in the final stages of completion. “Industrial hemp is reclaiming its rightful place in America as demand for this environmentally friendly natural fiber continues to increase due to the economic benefits. Hemp, Inc. is strategically positioned at the forefront of this industry. We are definitely ahead of the curve in being able to process industrial hemp and manufacture products made from hemp,” said David Schmitt, COO of IHM.
According to Schmitt, the hemp processing plant which will have assembled the industry-leading hemp processing machinery is expected to be officially completed soon with a skilled team of employees on deck. “This morning, we are positioning the milling machinery in its permanent location so that it can be secured into place. We also have meetings at the end of this week with the air handler manufacturer to ascertain when we can expect the machinery on-site. Once the air handler and dust collector are on-site, we’re looking to hire specialized contractors to assist with securing all of the equipment in place, which should save us over 3 to 4 weeks in time. While I can’t say the exact date of when the air handler and dust collector will be onsite, once it is here, my best guestimate would be 3 weeks for us to have both mills operational.”
Once the milling machinery is operational, Hemp, Inc. will be able to produce their Lost Circulation Materials (LCMs) and other oil absorbent products. “Our 70,000 square foot commercial industrial hemp processing facility and milling operation, on 9 acres makes Hemp, Inc. the largest industrial hemp processor and manufacturer in America and with the addition of our milling facility to produce other hemp-based products, we have strategically expanded our worldwide industrial base,” said Bruce Perlowin, CEO of Hemp, Inc..
Now that the amended hemp bill has been signed into law in North Carolina, home to Hemp, Inc.’s industrial hemp processing facility, the North Carolina Hemp Commission now has the power to write the rules and approve them. Shareholders can expect lucrative business opportunities for Hemp, Inc. In the Spring of 2017, the company is looking to possibly grow and harvest a very large hemp crop on up to 50,000 acres which can all be processed at Hemp, Inc.’s industrial hemp processing facility.
“As mentioned in our press release yesterday, we expect Congress to remove industrial hemp from the Federal Controlled Substances Act very soon, which would declassify it as a Schedule 1 drug because it’s not. Hemp is a plant from the cannabis family like marijuana but possesses a very low THC content and you cannot get high by smoking it. Hemp is not marijuana and it has a plethora of uses,” said Perlowin.