Donation of Industrial Hemp Seeds by USHO, a Wholly Owned Subsidiary of CannaVest Corporation, Facilitates Planting of First Kentucky State Pilot Project, and First Legal US Industrial Hemp Field, Since 2014 Farm Bill Passage Details Of the First US Industrial Hemp Grow, Revealed At Kentucky's Murray State University Press Conference LAS VEGAS, June 5, 2014 /CNW/ - After a delay in other Kentucky State industrial hemp pilot projects, due to the widely publicized DEA seizure of imported industrial hemp seeds, it was announced yesterday at a Murray State University (MSU) Press Conference, that US Hemp Oil (USHO) and its Parent Company, CannaVest Corporation, (OTC: BB CANV), had donated seeds to facilitate the commencement of Kentucky's first successful State industrial hemp pilot project at MSU, and also the first legal industrial hemp field in the US, since the passage of the 2014 Farm Bill, that allows for cultivation under existing State statutes. It was revealed, at the Press Conference that the first legal US Industrial Hemp field was in fact planted more than three weeks ago on May 12, while the Kentucky Department of Agriculture was suing the DEA for seizing the imported seeds under a separate law in place since 1970 that says no one can import hemp seeds without getting a permit. USHO and CannaVest's donated seeds "were sent quietly without publicity directly to the Head of the Kentucky Department of Agriculture, James Comer's office, weeks ago," said USHO VP, Chris Boucher, who represented the companies at the Press Conference. After Kentucky sued the DEA, the LA Times reported that, the two sides agreed to a compromise with the help of a federal judge, who granted Kentucky a drug-importer permit. USHO's Chris Boucher, was originally contacted by, Dan Caudill, co-owner of Caudill Seed Company, and one of the Pilot Programs partners, to assist in locating seeds for one of five planned State pilot projects. Because Parent Company CannaVest's mission is to educate the public on the health benefits and sustainability benefits of industrial hemp, the companies agreed to donate the seeds, and will work to create a hybrid Kentucky seed for farmers, Chris Boucher said. USHO and CannaVest, subsequently had contact with James Comer's office, when they arranged to ship the seeds directly to the Agricultural Department. It was confirmed at the conference by the department that CannaVest's seeds reached two other planned pilots through the Department, one that was affiliated with Kentucky State University and Homegrown by Heroes military veteran farmer program that will study the cultivation of Kentucky Heirloom hemp seed in Eastern Kentucky, and one affiliated with the University of Kentucky, located in Eastern Kentucky that will focus on cultivating cannabinoids for medical research purposes. The Murray State project, will cultivate European seed for the purposes of studying hemp fiber. US News reported that the pilot projects intend to help gauge the economic potency of industrial hemp cultivation for the State. And James Comer related that research "will bring industrial hemp back to Kentucky and with it new jobs and new farm income." And that the pilot projects will "help us recover much of the knowledge about industrial hemp product that has been lost since hemp was last grown in Kentucky." The Kentucky Department of Agriculture's website indicates that the KDA will work with the Kentucky Office of the Attorney General (OAG) to pursue a blanket waiver that will allow Kentucky producers to growfor commercial purposes. Of Kentucky, the nation's leading hemp-producing state in the mid-19th century, CannaVest President and CEO, Michael Mona Jr. says, "We stand behind and support Kentucky, and American farmers who are looking for crop diversity, and viable commercial agricultural alternatives. CannaVest, and USHO, look forward to continuing our support, as we begin to grow this new domestic market." Beyond seed procurement and consultation on cultivation, Cannavest Corp and US Hemp Oil plan to provide full agricultural solutions to process raw hemp material, and to distribution bulk wholesale hemp seeds, hemp oil, and hemp protein powder and CannaVest will continue to bring industrial hemp products to the mainstream market place. Chris Boucher, stated that he will continue to consult for USHO, and work with the Kentucky Agriculture Department and Murray State University, on the Pilot Project. "It's a historic day for the US, for USHO, for CannaVest, and for myself as well," Boucher, a twenty-year Hemp industry veteran said. He was the Founder and CEO of one of the first hemp product companies in the US in the early 1990's, and Co-Founded the Hemp Industries Association, one of the first Hemp business Associations in the US in the early 1990's. In addition, he has the distinction of being the first to grow a legal pilot field at the USDA research facility in Imperial Valley, CA, in 1994. This year marks the twenty-year anniversary of that accomplishment. Other pilot partners who were represented at the Press Conference are: Murray State University's Dean Hutson School of Agriculture, Dr. Tony Brannon, the Kentucky Department of Agriculture's Organic Program Manager, and Industrial Hemp Program Coordinator, Adam Watson, and Carl Gering, Seed Division Operations Manager, of Caudill Seed. About CannaVest Corp. Cannavest Corp is in the business of investing and developing hemp-based cannabinoid Companies. CannaVest Corp. also develops, produces, markets and sells end-consumer products to the nutraceutical industry containing the hemp plant extract, cannabidiol (CBD). Additionally, the company resells—to third parties—raw product acquired by CannaVest Corp. pursuant to the company's supply relationships in Europe. CannaVest Corp. seeks to take advantage of an emerging worldwide trend to re-energize the production of industrial hemp and to foster its many uses for consumers. Cannabinoids (cannabidiol/CBD) are natural constituents of the hemp plant, and CBD is derived from hemp stalk and seed. Additional information is available from OTCMarkets.com or by visiting CannaVest.com. About US Hemp Oil US Hemp Oil seeks to develop the United States industrial hemp industry. The company is dedicated to the procurement, processing, marketing and distribution of bulk wholesale hemp seed, hemp oil, protein, food and hemp body care products. US Hemp Oil is determined to bring hemp products into the mainstream by creating greater public awareness of and media exposure for the exceptional nutritional profile of hemp and the environmental benefits of growing industrial hemp. For more information, please visit: USHempOil.com Contact: To learn more about this Cannavest and US Hemp Oil, please contact: Chris Boucher 2688 S. Rainbow Blvd., Ste. B, Las Vegas, CA 89146 Office: 866-290-2157 Logo - http://photos.prnewswire.com/prnh/20140403/LA98016LOGO SOURCE CannaVest Corp http://cannavest.com http://photos.prnewswire.com/prnh/20140403/LA98016LOGO To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2014/05/c8679.html CO: CannaVest Corp ST: Nevada NI: AGR NASDAQ
Donation of Industrial Hemp Seeds by USHO, a Wholly Owned Subsidiary of CannaVest Corporation, Facilitates Planting of First Ke
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