Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) and the US Senate Celebrate Hemp History Week

June 8, 2018 12:54:31
  • U.S. Senate declares ‘Hemp History Week’ from June 4-10
  • Pending legislation in U.S. Congress to remove restrictions on hemp cultivation
  • Hemp cultivation operations underway in the U.S. and Canada for Global Hemp Group

Forty-eight years after the Controlled Substances Act (CSA) of 1970 criminalized its use, hemp may finally be escaping from its stigma as an illegal substance. An omen of that impending legitimacy appeared on Tuesday, June 5, 2018, when the U.S. Senate approved a resolution declaring June 4-10 ‘Hemp History Week’. The resolution made note of “the growing economic potential of industrial hemp” as well as its “historical relevance,” and its unanimous passage augurs well for the industrial hemp industry, which is now rebooting after a hiatus of 60-odd years. Commercial cultivation of hemp in the U.S. effectively ceased after 1958.

This celebration of hemp follows the introduction of the Hemp Farming Act of 2018 in the U.S. Senate, which proposes, among other things, to remove hemp from Schedule 1 of the CSA. The Senate bill further reinforces the legitimacy of industrial hemp and growers like…

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