Despite the failing of the Federal farm bill last month to allow U.S. farmers to raise Industrial Hemp, hemp leaders and activists were overjoyed as the American flag, made of industrial hemp, flew over the U.S. Capitol.
Hemp, Inc. one of the major leaders in the Industrial Hemp Industry spoke out on the milestone.
“When the day comes that Hemp becomes legal in America, I foresee that being the catalyst for a new American Industrial Revolution,” said Bruce Perlowin, CEO of Hemp, Inc.
According to news reports, Democratic Rep. Jared Polis of Colorado made the request for the hemp-made flag. Polis, a long-time activist for the non-psychoactive property plant, along with other Congressmen, has been trying to amend Federal law to enable farmers to grow hemp, to no avail.
“The demand for our over 75,000 products that can be made from industrial hemp, coupled with the almost insatiable market demand for anything made of hemp, places our company at the forefront of this new American Industrial Revolution,” says Craig Perlowin, Hemp, Inc.’s Secretary.
Although there’s a high demand for hemp-made products, there are still those who are misinformed on the difference between hemp and marijuana. Industrial hemp is a variety of Cannabis sativa and is of the same plant species as marijuana. However, hemp is genetically different and distinguished by its use and chemical makeup.
Hemp has long been cultivated for non-drug use in the production of industrial and other goods. It can be grown as a fiber, seed, or other dual-purpose crop. Hemp fibers are used in a wide range of products, including fabrics and textiles, yarns and raw or processed spun fibers, paper, carpeting, and home furnishings, just to name a few.
According to David Tobias, Hemp, Inc.’s President, “There is tremendous opportunity ahead. There is a resurgence of producing industrial hemp in the United States and an onslaught of investors in our industry.”
Hemp, Inc.’s TRIPLE BOTTOM LINE
Hemp, Inc. seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in “upstreaming” of a portion of profit from the marketing of their finished hemp goods back to its originator.
By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits— our triple bottom line approach can be an important tool to support sustainability goals.