In an endeavor to keep its stakeholders informed about the rapid development taking place in the hemp and marijuana industry, Hemp Inc (OTCMKTS:HEMP) released a brief note of latest developments today. In this note, the company tried to bring attention of the investors towards how the legalization of the hemp industry is shaping with each passing day. The note gave insights on the favorable developments surrounding the hemp industry.
Developments in States
Hemp Inc (OTCMKTS:HEMP) cited in its note that Governor Jack Dalrymple has signed a bill, which will authorize hemp farming, production and sale in North Dakota. The bill does away with the need to get federal approval before proceeding with hemp cultivation in the state. Separately, the company notified that the American Herbal Products Association (AHPA) Cannabis Committee along with other groups has advocated the enforcement of best practices with respect to the regulation of consumable, inhalant, topical and hemp derived products.
Keeping the interest
Additionally, Hemp Inc (OTCMKTS:HEMP) informed that soon Country music veteran Willie Nelson will launch an array of marijuana shops across the U.S. Also, the company highlighted the body healing benefits of eight hemp oils and how the plant is being used to run first Hemp Plane. The company also cited that the New Hampshire House has voted to lift ban on the industrial hemp, which will nullify the Federal Ban.
The suite is followed by the state of Virginia as well, which has signaled green for hemp cultivation. Apart from this, Hemp Inc (OTCMKTS:HEMP) also mentioned a number of other developments that took place in Kentucky, Washington D.C., Georgia and Hawaii over the last week. The company said that the objective of releasing these updates is to keep the interest of its stakeholders intact.
The stock of Hemp Inc (OTCMKTS:HEMP) settled at $0.0259, down by 4.07% last week. The shares recorded an average volume of 10.19 million shares on the day.