Industrial Hemp Designation Agricultural Product

Section 1 of the bill includes the unprocessed seeds of industrial hemp in the definition of 'commodity' within the 'Commodity Handler Act', thus subjecting a person who acts as a commodity handler with respect to the unprocessed seeds of industrial hemp to the licensing requirements set forth in the 'Commodity Handler Act'. Section 2 includes industrial hemp in the definition of 'farm products' within the 'Farm Products Act', thus subjecting a person who acts as a farm products dealer, small-volume dealer, or agent to the licensing requirements set forth in the 'Farm Products Act'. Section 3 reiterates these licensing requirements within the act governing industrial hemp cultivation in Colorado. Section 4 authorizes the commissioner to set a fee schedule for industrial hemp cultivation registration.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More