- Date Completed:12-6-18
- Act No. 642 Public Acts of 2018
- Approved by the Governor December 28, 2018
- Filed with the Secretary of State December 28, 2018
- EFFECTIVE DATE: March 28, 2019
Requires MDARD to establish, operate, and administer an industrial hemp licensing and registration program at an estimated annual cost of $500,000.
The bill also would create the Industrial Hemp Licensing and Registration Fund
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The Fund could receive revenue from annual fees established under the bill, including
- a grower application fee of $100
- a processor-handler license application of $1,350
- fine revenue from proposed fines for violations
- $100 to $500 for a first violation,
- $500 to $1,000 for a second violation,
- $1,000 to $2,000 for a third or subsequent violation.
While the MDARD predicts that there likely is a market for the growing and processing of industrial hemp in the State, it is not possible at this time to estimate how large this market may be, or how much revenue could be generated by the fees specified under the bill.
