Industrial Hemp Legislation Passed in 20 States

By Clyde Gallagher – January 30, 2014

Just as consumers lined up on New Year’s Day to buy the country’s first legalized marijuana in Colorado, the Colorado Department of Agriculture adopted the state’s first industrial hemp rules.  Though cannabis sales are expected to bring in as much as $270 million a year, including $47 million in annual state and local taxes, a mature hemp industry is expected to bring in 10 times that.

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