Posted on April 23, 2019 · Posted in Industrial / Flex, Investments, Land, Retail

With supporters pointing to the potential of a new industry, a Florida House committee just approved a plan for regulating production of hemp.

The bill (HB 333), approved by the House State Affairs Committee, would create a regulatory framework that would be administered by the Florida Department of Agriculture and Consumer Services, which is led by Agriculture Commissioner Nikki Fried, a major cannabis advocate. It deals with issues such as licensing people or businesses to grow industrial hemp and enforcement of the regulations.

“The state is trying to move quickly to take advantage of a 2018 federal law that legalized industrial hemp as an agricultural product.” House bill sponsor Ralph Massullo, R-Lecanto, said. “Hemp can be used in numerous ways, such as in textiles, animal feed and construction materials. This bill will provide jobs and commerce for our state.”

With this approval, the bill is ready to go to the full House. A similar bill (SB 1020), sponsored by Sen. Rob Bradley, R-Fleming Island, also has cleared committees and is ready to go to the full Senate.

Source: CBS4 Miami News

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