Las Vegas, NV, Nov. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hemp, Inc. (OTC:HEMP), one of the global leaders on the forefront of the industrial hemp industry, reports on the recent surge of cannabis stocks after news of a draft bill, known as the States Reform Act, that is set to legalize and tax marijuana.  This news created a surge in the majority of cannabis stocks on Friday, November 12, 2021 with Hemp, Inc.'s stock surging by 13.79 percent. Over 80 million shares were traded, which is a significant increase over its impressive daily trading volume of 50 million shares. According to news sources, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill (still being circulated for feedback) and hopes to have a final version officially filed later this month.

This is a huge development in the marijuana industry making this a very active year on the Hill for cannabis reform. "Republican buy in could prove critical to getting something over the finish line, and the Mace measure seems aimed at appealing to the states' rights and business interests of conservative colleagues on her side of the aisle while also incorporating some restorative justice and tax elements largely favored by progressives," cited the source.

•  Cannabis would be federally de-scheduled and treated in a manner similar to alcohol.
•  A 3.75 percent excise tax would be imposed on cannabis sales. Revenue would support grant programs for community reentry, law enforcement and Small Business Administration (SBA) aid for newly licensed businesses.
•  The Treasury Department's Alcohol and Tobacco Tax and Trade Bureau (TTB) would be the chief regulator for marijuana with respect to interstate commerce.
•  The Food and Drug Administration (FDA) would be limited in its regulatory authority, with the intent being that it would have no more control over cannabis than it does for alcohol except when it comes to medical cannabis. The agency could prescribe serving sizes, certify designated state medical cannabis products and approve and regulate pharmaceuticals derived from marijuana, but could not ban the use of cannabis or its derivatives in non-drug applications, like in designated state medical cannabis products, dietary supplements, foods, beverages, non-drug topicals or cosmetics.
•  Raw cannabis would be considered an agricultural commodity regulated by the U.S. Department of Agriculture (USDA).
•  The legislation would grandfather existing state-licensed cannabis operators into the federal scheme to ensure continued patient access and incentivize participation in the legal market.
•  As federal agencies work to promulgate rules, there would be safe harbor provisions to protect patients and marijuana businesses acting in compliance with existing state laws.
•  People with certain federal cannabis convictions that were non-violent would be eligible for expungements.
•  To prevent youth use, there would be a mandatory 21 age limit for recreational cannabis, and the bill also prescribes certain restrictions on things like advertising.
• SBA would need to treat marijuana businesses the same as other regulated markets, like it does for alcohol companies, for example.
• The measure also stipulates veterans can't face discrimination in federal hiring due to cannabis use, and doctors with the U.S. Department of Veterans Affairs (VA) would be specifically authorized to issue recommendations for medical cannabis for veterans.
• Federal agencies could continue to drug test for marijuana.
• The Bureau of Labor Statistics (BLS) would be required to issue a report to Congress on the marijuana industry.

In fact, Hemp, Inc.'s King of Hemp® online store offers consumers 24/7 convenience and secure online ordering for its line of CBG/CBD products.  King of Hemp® products are also available at retail locations in Florida, Arizona, Nevada, California and Michigan. Hemp, Inc. began shipping its King of Hemp® product line to stores across the country in late 2020.  In September of this year, the company announced it had acquired Ferris Holding, Inc., a leading co-packer and manufacturer based in Las Vegas, Nevada. The acquisition allows Hemp, Inc. to expand its new product launches in the global hemp market.

With more than 10 years of experience in growing and processing hemp in North America, Hemp, Inc. has an established network of industry professionals in every segment of the industrial hemp industry. Hemp, Inc. has the largest industrial multipurpose hemp processing facility in North America, an 85,000-square foot facility in Spring Hope, N.C.  Its mission of providing green solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of revenue- and value-generating synergistic businesses. Hemp may be the salvation in retooling America for greener, more sustainable domestic manufacturing.

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.

It has been Hemp, Inc.'s intent to continually invest in building its hemp infrastructure, especially since none existed previously. In fact, the Company has instinctively been following the same path as Amazon… reinvesting profits and operating capital back into building the infrastructure. This is a business strategy that has been proven and works well.

The Industrial Hemp Infrastructure division consists of two hemp processing facilities. The largest of the two is its multi-purpose industrial hemp processing facility and milling operation in Spring Hope, North Carolina. It's the largest "industrial hemp processing center" in the western hemisphere and has grown to become one of the pre-eminent centers of the industrial hemp industry. The 85,000 square foot facility sits on 9 acres. It is environmentally sustainable and was built from the ground up in hopes of "Making America Hemp Again."

In addition to the company's two industrial hemp processing facilities, Hemp, Inc, also acquired a significant manufacturer and co-packer, Ferris Holding Inc. ("Ferris"), headquartered in Las Vegas, Nevada.  Hemp Inc.'s all stock acquisition of Ferris will provide cost savings and increased revenue of products developed, manufactured and co-packed by Ferris. As a leading co-packer and manufacturer, Ferris will expand Hemp, Inc.'s launching of new products in the hemp market that can be distributed and sold worldwide by Hemp, Inc.

Hemp, Inc. and their associates also have land in Golden Valley, Arizona (100 miles from Las Vegas, 20 miles north of Kingman, AZ).  A good portion of this land is designated for the Veteran's Village Kins Community (VVKC) for Arizona and acres are being prepped for industrial hemp cultivation. The company aims to boost the economies of these small towns by offering affordable hemp processing services, which incentivizes local growers to add hemp to their crop rotation.

The Hemp Farming Infrastructure (Division Two) consists of farm equipment, cloning rooms, clones and seeds, grow rooms, greenhouses, hemp drying facilities and a huge amount of peripheral farming tools and equipment. The progress Hemp, Inc. has made in its agricultural endeavors, over the course of seven years, has been amazing.  (Visit https://www.hempincpresents.com/ to see the videos of Hemp, Inc.'s grows in multiple locations.)

Hemp, Inc. also has three "Small Family Hemp Farm" models. The "Small Family Hemp Farm" in North Carolina is situated on 12 acres and consists of a cloning room, a greenhouse, and enough land to grow 2,000-3,000 high CBD or CBG hemp plants. The model shows farmers how to grow high CBD and CBG hemp plants, operate a greenhouse and turn a barn into a cloning room to earn up to $100,000+ a year. This shows an example of how the "Small Family Hemp Farm" can be duplicated and reappear on the American landscape. After all, the original small family farms in America were able to survive economically by growing hemp as their main cash crop and the first five presidents of the United States were all hemp farmers.

King of Hemp® Gummies - These CBD edibles come in a variety of flavors and potencies of 25 gm, 20 gm and 10 gm. Flavors include blue raspberry, kiwi, strawberry, pineapple, guava, tropical, apple, citrus, berry tang and more. CBD Fruit Rings (20 gm and 10 gm) are available in apple, peach and watermelon. King of Hemp® Sour Bears in assorted flavors (10 gm) are in stock, too. 

King of Hemp® Pre-Rolls, robustly flavored, are made from organic, pesticide-free Bubba Kush hemp wrapped in RAW Natural Rolling Paper. The unique wrapper is made from 100% plants with no added chalk or dyes. Pre-Rolls are sold online as singles and in a six-pack.

Midnight Express, a high CBG Pre-Roll, is made from premium hemp flowers, named in honor of the 1977 book by Billy Hayes ‘Midnight Express', which was also an award-winning feature film, written by Oliver Stone. Hemp, Inc. uses a proprietary process for its Pre-Rolls, which includes blending the best flower from numerous hemp crops. King of Hemp® Pre-Rolls offer smokers a unique, consistent profile every time.

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

Hemp, Inc. acquired a significant manufacturer and co-packer, Ferris Holding Inc. ("Ferris"), headquartered in Las Vegas, Nevada.  Hemp, Inc.'s all stock acquisition of Ferris will provide cost savings and increased revenue of products developed, manufactured and co-packed by Ferris. As a leading co-packer and manufacturer, Ferris will expand Hemp, Inc.'s launching of new products in the hemp market that can be distributed and sold worldwide by Hemp, Inc.

Ferris was founded and began operations in 2005 and has been the manufacturer of the King of Hemp® smokable product line for Hemp, Inc. With consistent stellar health department ratings and innovative manufacturing processes that increase quality while decreasing loss, Ferris is a highly respected manufacturer. The ownership of Ferris has agreed to allow their management team to stay on for at least one year, assuring a smooth transition to the management team at Hemp, Inc. 

The Hemp Educational Infrastructure division includes Hemp, Inc.'s Hemp University which focuses on educating and empowering hemp farmers and entrepreneurs with knowledge, processing, infrastructure and support. The educational seminars, through the Hemp University, are held as needed. These seminars teach farmers and landowners how to create a profitable income stream by maximizing the per-acre crop revenue. Through this division, Hemp, Inc. has trained well over 500 farmers in its first two years by doing a total of nine Hemp University seminars in North Carolina and Oregon, which included:

•  The New Leaf Symposium and Golden Grow Awards Gala – January 26, 2020 (Jacksonville, Oregon). This symposium celebrated optimism and resilience in the industry, the power of the plant, and faith in the hemp-producing community. The event sold out with over 180 attendees and concluded with the "Golden Grow Awards Gala". The Golden Grow Awards Gala honored Oregon's top cultivars and put Oregon's best farmers head-to-head for some of the most prestigious hemp-industry accolades. There were four categories judged in the awards: Top CBD, Top Terpenes, Judge's Favorite, and Peoples' Choice.

•  The Pre-Harvest Symposium – September 8, 2019 (Oregon). Held at Southern Oregon University, the symposium was expertly designed for both farmers and entrepreneurs of all experience levels and focused on harvesting, processing and profit channels within the hemp industry. The third edition of the Southern Oregon Hemp University brought an abundance of insight into innovations within the realm of harvesting and processing to the forefront. Additionally, the symposium touched on traditional practices in agriculture.

•  Pre-Plant Support Workshop – May 4, 2019 (Oregon). The Pre-Plant Support Workshop was an incredible success that filled the entire venue to capacity with attendees. In total, there were close to 200 attendees, including 20 vendors in attendance. The workshop was designed to help hemp farmers or those interested in the hemp industry learn the best pre-planting practices prior to the planting season. The Hemp University Pre-Planting Support Workshop was an interactive and informative workshop that covered the various details hemp farmers should know prior to planting.

•  The Hemp University Educational Seminar – March 23, 2019 (Oregon). This was the first Hemp University held on the West Coast. The seminar provided attendees with a full day of networking, education, and support. The seminar helped others in the area who were interested in the hemp industry learn more about the "Industrial Hemp Revolution" and how this movement can not only transform Southern Oregon's economy, but also revive family farms and small businesses in the surrounding areas.

•  Hemp Money Event: Economics, Lessons & Planning for 2018 – December 2, 2017 – (North Carolina). This was the fifth most vital and anticipated educational symposium of the year. Attendees learned the economics of growing industrial hemp for fiber, seeds, and CBD.  They also learned about other master POD growers' experiences and lessons; and, learned how to prepare for the 2018 industrial hemp growing season with a well-defined blueprint for success.

•  The Hemp Oil Event: The Art and Science of CBD Oil – September 30, 2017 (North Carolina). This was the Hemp University's fourth symposium in North Carolina, held on Saturday, September 30, 2017 from 8:30am to 5:00pm at the Peachtree Hills Country Club, 3512 Peachtree Hills Road, Spring Hope, NC 27882. The symposium brought attendees up to speed on all business and scientific aspects of Industrial Hemp CBD cannabinoids by disseminating current, reliable information that continues to shape the revolutionary CBD market. Attendees also got a chance to go to Hemp, Inc.'s, then, 70,000 square foot multipurpose industrial hemp decortication facility for the first live public demonstration of its Supercritical CO2 Extraction System using North Carolina-grown CBD industrial hemp. Representatives from NuAxon Bioscience were also on-site to allow those interested in purchasing their own CBD extraction system.

•  The Art and Science of CBD Greenhouse Growing – June 24, 2017 (North Carolina). The 3rd Hemp University educational symposium held on June 24, 2017 focused on The Art and Science of CBD Greenhouse Growing. The educational symposium was held at Louisburg College in Louisburg, North Carolina. A team of experts engaged attendees through the greenhouse and indoor growing process from cultivation to harvest and from processing to distribution. Dr. Robert Bruck, Dean of Science, Technology, Engineering and Mathematics and Distinguished Professor of Environmental Science at Louisburg College, was The Hemp University's special guest who lectured on soil microbiology during the symposium. Attendees were able to spend half of the course at Hemp, Inc.'s, then, 70,000 square-foot Industrial Hemp Hub, in a 3,000 square-foot cloning room. There, attendees had the opportunity to experience a more hands-on learning approach.
•  Farming Hemp for Profit™ – April 29, 2017 (North Carolina). Hemp, Inc.'s second, sold out, educational symposium (Farming HEMP for Profit™), through its Hemp University, was a phenomenal success. The symposium took place on Saturday, April 29, 2017, from 8:30am – 5:00pm, at the Hampton Inn & Suites located at 3920 Arrow Drive, Raleigh, NC 27612 and drew over 100 attendees. The one-day educational symposium and tour of Hemp, Inc.'s, then, 70,000 square-foot multipurpose industrial hemp facility was an opportunity for landowners and farmers to learn how to apply real business building tactics with a "specific step-by-step blueprint" on how to grow, sell and profit from farming industrial hemp. This event accomplished its mission to help landowners and farmers add a new viable and profitable income stream by maximizing the per-acre crop revenue.
•  Farming Hemp for Profit™ – March 18, 2017 (North Carolina). This was Hemp, Inc.'s first Hemp University symposium. The symposium was a sold-out event and was a huge success with 100 attendees who rated the quality of information presented as excellent. The symposium took place on Saturday, March 18, 2017, from 8:00am – 5:00pm, at Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, located at 1436 Highway 581 North, Spring Hope, North Carolina, 27882. The one-day educational symposium was an opportunity for landowners and farmers to receive a "specific step-by-step blueprint" on how to grow, sell and profit from farming industrial hemp by using real business tactics and principles, presented by industry experts.

To listen to past Hemp University workshops, please visit hemp-university.teachable.com. Also visit https://www.hempincpresents.com to see highlights from Hemp, Inc.'s inaugural Hemp University held in North Carolina, which sold out in two weeks.

Hemp, Inc.'s Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) was restructured as its ninth division and is now "Division Nine – Industrial Hemp Consulting". With an influx of public companies wanting to expand into the industrial hemp industry, Hemp, Inc. has been inundated with potential consulting agreements. To keep up, Hemp, Inc. revamped its consulting division to work hands-on with each company to provide its years of expertise.

Typically, companies seeking in depth consulting services from Hemp, Inc. pay mostly in stock since cash flow is oftentimes tight during the developmental stage of start-up companies in this industry. Through Hemp, Inc.'s Industrial Hemp Consulting division, a wide range of services are forged from the experiences of creating the first publicly traded company in the cannabis sector (Medical Marijuana, Inc.) and having over a decade of experience in the industrial hemp industry's public sector.

Hemp, Inc.'s Entertainment division will cover everything from investing in the movie "The Adventures of the King of Pot" (https://www.kingofpotthemovie.com/) and other historical movies, books and documentaries representing our industry up to the current docuseries being made on "The Modern Day History of Hemp". Those interested in investing in any one of these ventures should contact the division's Project Manager, Chris Tinney, at 855-554-6834 or via email, [email protected].

To see the livestream feed for the Veteran's Village Kins Community Arizona, visit https://www.hempinc.com/arizona and click on "View Live Feed" or visit www.kinscommunity.com and click on the "Livestream Video" tab.

Live streaming video can be accessed on www.kinscommunity.com by clicking the "Livestream Video" tab. Viewers are able to actually see the way the Veteran's Village Kins Community is designed and watch it being built. The basic framework or overall plan of the Veteran's Village Kins Communities is to create a holistic healing and learning center that is designed to educate and heal veterans with PTSD, alcoholism, meth addiction, opioid addiction, and other psychological conditions while at the same time training them on the numerous aspects of being part of the emerging multi-billion-dollar hemp industry.

The Company will also build hemp-growing communities for other groups such as "Abused" Women & Children Village Kins Communities; the "Orphans" Village Kins Communities; "Homeless" Village Kins Communities, the "Healers" Village Kins Communities (the healers are professionals who are knowledgeable in the modalities to treat these traumatized groups); and a community to "Heal the Healers" called Heal the Healers Village Kins Community Arizona. These particular communities are all synergistically aligned to work simultaneously supporting each other.

For example, the "Healers" heal the traumatized veterans and women & children; the women support orphaned children, and orphaned children want to see people living in homes and not homeless. Thus, a portion of the hemp grown in each community goes to create and support another community, giving everybody a sense of giving back and helping others as they help themselves. This circles back to the healers who also work to heal the veterans and the other traumatized groups. This is the economic foundation on how the sale of the hemp products operates as a "quantum economic matrix" or an example of "symbiotic economics" which is way more complex than this brief description allows.

The 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 issues. It will also give veterans and other Americans a place to learn new skills and take part in this multi-billion-dollar hemp CBD market. It's a big part of the company's mission to give back. They have also expanded the Kins Community concept internationally focusing on, but not limited to, Israel, New Zealand, Canada, Africa, Australia and Jamaica.

·       Press Release: "Hemp, Inc. Affiliate, Through a Joint Venture, Featured on Business Insider for North Carolina Farming Operations"

·       Hit: "HEMP, INC. Joins The Stock Day Podcast to Discuss The Distribution of Their Hemp PreRolls" – Stock Day Podcast, September 27, 2019

·       Press Release: "Hemp, Inc. Featured in Globally Syndicated News Provider, United Press International, Discussing Industrial Applications for Bioplastics"

·       Hit: "Rising High: An Exclusive Talk with Industrial Hemp Company Hemp, Inc." – The Fly, October 17, 2019

·       Press Release: "Hemp, Inc. Reports South Carolina Now Accepting Hemp Farming Applications for the 2021 Growing Season"

·       Press Release: "Hemp, Inc. Highlighted as a Major Player in the Industrial Hemp Market by Verified Market Research Report"

·       Press Release: "USDA's Final Hemp Rule on Domestic Hemp Production to Go Into Effect Early Next Week: Hemp, Inc. Reports"

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". Financials for Hemp, Inc. are listed on the OTC Exchange. More information can also be found out the Hemp, Inc. website by visiting www.hempinc.com/hemp-financial-disclosures/. 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 involve risks, uncertainties.

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