At some point we will need to have audited financials in order to have a license to grow HEMP. Bruce being an ex con will play a role in this (I think).
A bill to legalize the cultivation of industrial hemp in Indiana passed the House of Representatives. The Senate is expected to vote on the legislation Thursday.
Senate Bill 357 would require farmers growing industrial hemp to obtain a license and be subject to inspections and audits to keep it.
Industrial hemp has numerous uses, including medicines, textiles, ropes, paper products, plastics, automotive factory material and building materials. Hemp and marijuana both come from the same species of plant, cannabis, but hemp lacks the intoxicating effects of marijuana.
Ten states have already passed legislation to legalize the production of industrial hemp but it remains against federal law. However, the farm bill recently passed by Congress allows some experimentation that could eventually lead to federal approval.
The bill passed the Indiana House 92-6 and still needs Senate approval before it can move to the governor.
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