DENVER, Colo. (Aug. 8, 2018) – Today, two laws that will further mainstream the state’s industrial hemp industry went into effect. Implementation of these new policies will likely pave the way for faster development of the state’s hemp market, and further nullify federal prohibition in practice and effect.
Mainstreaming Hemp as a Commodity
A bipartisan coalition of two senators and two representatives sponsored Senate Bill 205 (SB205). The new law includes unprocessed industrial seeds in the definition of “commodity” within the “Commodity Handler Act” and includes industrial hemp itself in the definition of “farm products” within the “Farm Products Act.” In effect, this will subject any person acting as a commodity handler of hemp seed and any farm products dealer of hemp to the licensing requirements already in place for commodities and farm product dealers.
Currently, commodities include hard seeds or fruits such as wheat, corn, oats, barley, rye, sunflower seeds, soybeans, beans, grain sorghum and other seeds. Farm products include any “unprocessed product of the soil,” livestock, milk, honey, and hay. By adding hemp to these definitions, state law will treat industrial hemp more like other agricultural products, mainstreaming the industrial hemp industry. While it will …
Read more at The Tenth Amendment Center
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