With Spending Increases Proposed in U.S. House, Hemp, Inc. Anticipates Progress for Hemp Industry Products and Markets

Las Vegas, NV – (NewMediaWire) – July 7, 2021 – Hemp, Inc. (OTC PINK:
HEMP), an established leader in the industrial hemp market, is noting the recent progress made
by the United States House of Representatives on several hemp-industry matters.

Earlier this summer, representatives in the U.S. House began
working to reconsider policies,
extend compliance times and clarify regulations for hemp production and
consumption in the United States.

On June 30, 2021, the House
Appropriations Committee advanced several hemp-related legislative items. In a report issued by the
committee, industrial hemp production and marketing was deemed “an especially important
opportunity for rural communities.”

The same committee urged the U.S. Dept. of
Agriculture (USDA) to clarify that
hemp-related businesses should be eligible for all rural agricultural grants.
“The intent of Congress in Public Law 115-334 was for industrial hemp to be
eligible for all USDA programs, including Rural Development,” the committee report stated.

The report continues,
“Industrial hemp can significantly benefit struggling rural economies. The
Committee encourages Rural Development to ensure that industrial hemp is
eligible for all competitive grant programs.”

The committee also proposed a significant increase in
agricultural funding with $16.7 million earmarked to support the federal hemp production program.
This is the same amount listed in the Fiscal Year 2022 budget proposed
by Pres. Biden.

The House Appropriations committee
also included a recommendation to
USDA and DEA for more clarification and coordination on the regulation of hemp
extract.

The report stated that
“the Committee directs USDA to coordinate directly with the DEA to present the
industry with guidance and information on in-process extracted material” to
address specific concerns brought
up by hemp industry stakeholders.

Hemp, Inc. has more than 10 years
of experience growing and processing hemp,
including operation of the largest industrial multipurpose hemp processing
facility in North America.

In addition to its 85,000-square
foot facility in Spring Hope, N.C., the company
has an established network of professionals in every segment of the industrial
hemp industry.

Hemp Inc.’s
mission to provide green solutions that help make the world a
better place continues to flourish as the company advances an ever-growing
portfolio of revenue- and value-generating synergistic businesses.

Hemp, Inc. is also focused on
marketing and is currently negotiating with a network marketing company to
launch several new products for different niche markets. Digital marketing
campaigns are in the works including planning for display booths at all the
concerts and events at the Veteran Village Kins Communities.

The company is also selling
directly to retail stores as well as distributing through all the King of Hemp
Stores opening around America this year. Online distributors such as NaturalExposureCBD.com is
also carrying the products.

The company recently added its
second brand (Billy Hayes) in the King of Hemp® product line which already
consists of Bubba Kush hemp; CBD Pre-rolls, Fortified CBD Pre-rolls, CBD and
CBG Caviar/Moon Rocks; and Diamonds (which are 96%-98.7% CBD, the only product
like this in the marketplace today).

According to executives, one of
its distributors is selling a limited number of signed and numbered Billy Hayes
CBG pre-rolls as a collector’s item for $100 each. Those interested in being
the first to collect this “pirate treasure” should click here.

There’s also a signed (by Bruce
Perlowin) and numbered complete set of King of Hemp® CBD pre-rolls. (To hear
the Bruce Perlowin theme song, click here.) The third in the series will be the
Notorious Smith Brothers (famous smugglers from South Florida) to be released
at a later date.

The Company’s website for its
King of Hemp® line (www.kingofhempusa.com) also has CBD oil
tinctures available for purchase. The tinctures are available in two flavors,
Natural and Peppermint, and contain full-spectrum hemp oil extracted from the
flowers and leaves of hemp plants sustainably sourced from Colorado. They are
also compliant with the regulations created by the Colorado Department of
Agriculture in regard to industrial hemp.

The tinctures, as well as all CBD
products, contain 0.3% or less THC and are compliant with the 2018 Farm Bill.

To learn more, go to the King of
Hemp® website, here.

Those interested in King of Hemp®
pre-rolls; hemp-derived CBD tinctures; Caviar; Diamonds; can visit www.kingofhempusa.com and
email sales@kingofhempusa.com.

WHAT IS HEMP, INC.?

With a deep-rooted social and environmental mission at its core, Hemp, Inc.
seeks to build a business constituency for the American small hemp farmer, the
American veteran, and other groups experiencing the ever-increasing disparity
between tapering income and soaring expenses. The Company is on a mission to be
a powerful engine for social change and economic revival, worldwide, by
providing hemp products that are eco-friendly, sustainable and healthy. Hemp,
Inc. executives believe there can be tangible benefits reaped from adhering to
a corporate social responsibility plan.

FORWARD-LOOKING DISCLAIMER AND DISCLOSURES

This press release may contain certain forward-looking statements and
information, as defined within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject
to the Safe Harbor created by those sections. The Securities and Exchange
Commission (SEC) requires issuers to provide “adequate current information” and
Hemp, Inc. does… using the SEC’s Alternative Reporting Standard to publicly
report its quarterly and yearly financials. All current information can be
found on www.hempinc.com/hemp-financial-disclosures/.

This material contains statements
about expected future events and/or financial results that are forward-looking
in nature and subject to risks and uncertainties. Such forward-looking
statements by definition involve risks, uncertainties.

Contact:

Hemp, Inc.

855-436-7688

ir@hempinc.com