Indiana Governor Pence Signs Bill Legalizing Industrial Hemp

Our friends at Vote Hemp gave us the heads up that the Governor of Indiana, Mike Pence, signed into law legislation that legalizes the cultivation of Industrial Hemp in the state.  The Senate Bill 357 was signed on March 26, 2014.  You can read the text of the bill here.

The Digest of the bill states: “ Industrial hemp. Subject to federal approval, authorizes the state seed commissioner to license the cultivation and production of industrial hemp. Establishes requirements to obtain a license. Authorizes inspections by the state police and audits by the state seed commissioner. Provides that in addition to any other liability or penalty, the state seed commissioner may revoke or refuse to renew a license and may impose a civil penalty. Requires the state seed commissioner to apply for necessary permissions, waivers, or other forms of legal status by the United States Drug Enforcement Agency or other appropriate federal agency that are necessary to implement the law. Makes a conforming amendment to the definition of “marijuana”.”

This is a historic day, as the State of Indiana moves forward to meet the demands of 21st century manufacturing.  Natural Fiber Composites are a global industry and Indiana is paving the way for our company to remain competitive in this market.