South Carolina Legalizes Industrial Hemp Cultivation -- Hemp, Inc. Reports

SPRING HOPE, NC--(Marketwired - May 24, 2017) - Hemp, Inc. (OTC PINK: HEMP) is pleased to announce South Carolina farmers can apply for licenses to grow hemp now that South Carolina has legalized industrial hemp cultivation. Gov. Henry McMaster signed off on the bill earlier this month. State Senator Greg Hembree said, in an article, "Any agricultural crop we can cultivate here and make a profit for our farmers, we should try." According to the news source, the licenses in South Carolina will be "issued to growers who have passed a State Law Enforcement Division background check. The growers also have to work with an in-state research university to develop products and a market for them. And they must have a contracted buyer for the hemp."

Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP) commented, "Hemp, Inc.'s 70,000 square foot industrial hemp processing facility is right in North Carolina so we are ecstatic that South Carolina has joined the other states that have legalized industrial hemp within their borders. As a leader in the hemp industry, Hemp, Inc. will gladly contract with South Carolina farmers to buy most, if not all, of the hemp grown. This creates a win-win for both Hemp, Inc. and the farmers. Partnering, or joint venturing, with South Carolina's farmers is a sound business strategy that benefits both parties."

The South Carolina Department of Agriculture and the State Law Enforcement Division expects to issue 20 licenses to grow crops on up to 20 acres as a pilot program to ascertain its value to the state's farmers. Since hemp is relatively easy to cultivate and can be a very lucrative crop, officials believe this will prove to be very beneficial for the state. In fact, after the first year, the program would expand from 20 licenses to 50 licenses for 50 acres each. After that, the Agriculture Department and the state's research universities would make a determination whether the program would be expanded further.

"We have a lot of experience with farmers here in North Carolina. Many farmers believe 'hemp' is the new 'cash cow'. It's an easy crop to cultivate. It doesn't need that much water and it grows in all soil types. Not to mention, hemp can be used to make over 25,000 products, from food and clothing to car composites and airplane parts and even dietary supplements," said Perlowin.

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