Replies to post #53686 on Hemp Inc (HEMP)

[Det_Robert_Thorne]

Not sure if CO timeline applies, but ...

IIRC, the voters of Colorado approved marijuana legalization in November, 2012. Various regulatory agencies then began putting regulations and license procedures in place which had to be ready by January 1, 2014.

At the federal level, if the laws proposed were to pass through Congress and then be signed by the President, then since it's a change of the classification of hemp as a crop, it's possible hemp would then just be considered another crop.

OTOH, we could see what's happening in states like Tennessee, where the regulators ask for test plantings for one year, pilot programs the next, and full planting the third.

Or they might use one of the states that are already past the test plantings, and advance the program by a year or more.

The big question is how rapidly the laws move through the committee process, and whether they move through at all.