On April 30, 2018, Hemp, Inc. announced that the company applauds Oklahoma Governor Mary Fallin for signing legislation that will allow Oklahoma farmers to grow hemp.
Gov. Fallin signed House Bill 2913 on April 23, 2018, which creates the Oklahoma Industrial Hemp Agricultural Pilot Program. Oklahoma State Reps. Jon Echols and Mickey Dollens said “the bill would help Oklahoma’s struggling economy, as an acre of hemp would yield $1,500,” according to KOCO News 5. “Dollens and Echols say the bill would create hundreds of jobs and would generate about $300 million per year.”
The bill defines industrial hemp as “the plant Cannabis sativa L. and any part of the plant, whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration of not more than three-tenths of one percent (0.3%) on a dry-weight basis.”
As Hemp, Inc. has routinely stressed, industrial hemp is not to be confused with marijuana, which has different levels of THC. Notably, the number of states with some type of hemp program outpaces states with medical marijuana programs. Oklahoma is the 37th state to allow hemp cultivation, according to Hemp Industry Daily. Marijuana is legal for medical purposes in 29 states.
Oklahoma’s action follows news that Senate Majority Leader Mitch McConnell introduced a bill that would remove industrial hemp from the federal government’s schedule of controlled substances.
With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America (located in Spring Hope, North Carolina), Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan. The company is online at HempInc.com. Hemp-related workshops — many in NC — are offered through The Hemp University, with information available on the Hemp, Inc. website.
Source: Hemp, Inc.