Las Vegas, NV — via NewMediaWire — Hemp, Inc. (OTC PINK: HEMP), one of the global leaders that has been on the forefront of the industrial hemp industry for years, reports on the benefits of using hemp as livestock feed and how it can unlock more opportunities as this cash crop continues to flourish at an exponential rate. After almost being entirely eliminated from the American landscape in the 1950s, Congress finally made it legal in 2018 to grow hemp in America again. Recognizing that not all cannabis plants were bred to have high concentrations of THC allows for segments of the agricultural sector to cash in on the hemp crop too.
While hemp is primarily grown to produce seed, fiber, medicine and oil (and has thousands of uses), the byproducts that remain after harvest could serve as feed for animals. This may include leaves, fodder and residual plant fibers. Since these byproducts are predominantly “cellulose-containing plant materials” the best type of animals to utilize these byproducts are ruminants (cattle, sheep, goats, buffalo, deer, elk, giraffes and camels) because of their unique digestive system. This opens the door for segments of the agricultural industry to take advantage of opportunities in the hemp market by using hemp as animal feed.
While the 2018 Farm Bill made it legal to grow hemp, feed ingredients, including hemp, fall under the jurisdiction of the FDA (Food & Drug Administration), thus hemp growers are still petitioning the government to approve the plant as livestock feed. According to the VP of the Hemp Feed Coalition, “large scale hemp production will create inexpensive byproducts that are valuable as animal feed ingredients. Hemp seed meal provides high values of nutrition, such as complete protein, omega-3 and mega-6 fatty acids.” (source quote) To realize these benefits, the Hemp Feed Coalition is working to gain federal approval for hemp and its byproducts as an animal feed ingredient.
In an article published a few months ago, “prior to prohibition in 1937, wild hemp grew freely across North America and was a natural part of the diet of all grass-grazing animals, including cows, goats, sheep and bison. Even pasture-raised chickens pecked at the plants, which means CBD, small amounts of THC and all the other cannabinoids we’ve since discovered were also a natural part of the human diet, via meat, milk and eggs.” Hemp Industry Daily says the animal-feed ingredient approval process typically takes up to four years, but FDA authorities have promised to fast-track it, reducing the process to 1-2 years.
As of today, hemp as a feed ingredient, is not approved by the Association of American Feed Control Officials (AAFCO) or the FDA Center for Veterinary Medicine. Approval from these entities would unlock more opportunities of what the cash crop has to offer. Industrial hemp has nearly unlimited potential and the surface of that potential has only been scratched. Much more remains to be discovered about the possible uses of the robust, multi-purpose substance. Federal legislation in favor of hemp and many state approvals across the country, have been a boon to the industry. And with immense profits to be made, there is no doubt that companies in the industry, including Hemp, Inc., will benefit from it.
The number of consumer products made from hemp is already mind-boggling. From personal care items to fuel, the list seems to be endless. 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 and California. Hemp, Inc. began shipping its King of Hemp® product line to stores across the country in late 2020.
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.
Hemp, Inc.’s Recent Acquisitions
Hemp, Inc. just had its second major acquisition in less than three months. In the all-stock transaction, Hemp, Inc. acquired full ownership of American Sustainable Rubber Company, LLC (ASR). This specific acquisition will enable Hemp, Inc. to leverage ASR’s proprietary intellectual property to improve its hemp grows and harvesting. The first acquisition was acquiring Ferris Holding, Inc., a leading co-packer and manufacturer based in Las Vegas, Nevada. To read more on how these strategic acquisitions are positioning the Company for long-term profitable growth, click here.
WHAT IS HEMP, INC.?
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.
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
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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