National Public Radio (NPR) Here and Now Show Features Vermont Hemp Story with Interview of American Seed & Oil Company Farmer
The American Seed & Oil Company, a subsidiary of Algae International Group, Inc. (OTC: ALGA), was indirectly featured on National Public Radio (NPR), when Reporter John Kalish interviewed an American Seed & Oil Company farmer for a story on Hemp in the United States. Kalish’s story is ongoing. His Hemp news was first featured on the Vermont Edition of NPR with further recent updates on NPR’s ‘Here and Now’ Show.
The American Seed & Oil Company is less than specific about the exact location and specifics of its current Hemp crop. It’s somewhere in Vermont where growing Hemp is legal in accordance with State law. The American Seed & Oil Company Hemp is grown by one of only 12 State licensed growers. Only 5 of the 12 licensed growers actually planted Hemp this season.
Growing Hemp is still not legal under Federal law and that is why American Seed & Oil remains cagey on the specifics of its operation. A Federal Bill has been drafted to legalize the cultivation of hemp, but no law has yet been passed.
The 2014 Farm Bill includes a provision that would allow institutions of higher education and state departments of agriculture to grow or cultivate industrial hemp. The sites used by universities and agriculture departments would need to be certified by, and registered with the respective state department of agriculture. The idea is to allow universities and agricultural departments to study industrial hemp for future commercial uses.
Fifteen states have passed laws in accordance the Farm Bill stipulations —California, Colorado, Hawaii, Indiana, Kentucky, Maine, Montana, Nebraska, North Dakota, Oregon, South Carolina, Tennessee, Utah, Vermont and West Virginia.
According to John Kalish, only three states are actually growing Hemp at this time – Colorado, Kentucky and Vermont.
To learn more about the Company’s cannabis business strategy and the progress to date in the development of that strategy, visit the Company’s new American Seed & Oil Company website. In particular, read ‘The Introduction Of The American Seed & Oil Company’ found on the website to specifically learn about the Company’s current hemp crop and all three new cannabis industry subsidiaries.
About Algae International Group, Inc. and The American Seed & Oil Company, Inc.
(OTC: ALGA) Algae International Group, Inc. first became interested in the cannabis opportunity last year while attempting to build a business to produce bio diesel from cold pressed algae oil. While the ‘promise’ of the cannabis market is great, the path to achieving the ‘promise’ is unclear. An incubator improves the odds of success in an early and rapidly evolving market by building multiple, complimentary businesses with an initial strategy to explore market opportunity rather than to attempt seizing market opportunity prematurely. Accordingly, the Company is starting with three incubated subsidiaries, and will continue to explore the introduction of additional complimentary subsidiaries. As subsidiaries develop to a viable stage of independence, the Company will spinoff such subsidiaries creating independent ROI opportunities for parent shareholders.
Learn more about the incubated subsidiaries at www.AmericanSeedandOil.com