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How Florida Is Growing A Hemp Program

Law360 (May 20, 2019, 6:32 PM EDT) -- With the recent passage of SB 1020, Florida is on the verge of becoming one of the first states to submit a comprehensive plan regulating the cultivation, distribution and sale of commercial hemp to the U.S. secretary of agriculture for approval, in order to become the primary regulatory authority over hemp within the state.

The bill is being hailed as a potential source of significant economic growth for Florida given that the market for hemp and its derivatives, which is estimated at $22 billion, is currently largely dependent on imports. Florida farmers are particularly excited about the bill because, after several...

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