Michigan HB5040 establishes regulations for processing, brokering, and marketing industrial hemp, including licensing and fees.

Michigan HB5040, known as the "industrial hemp processing act," creates a framework for licensing and regulating industrial hemp processing, brokering, and marketing in Michigan. The act defines terms such as "industrial hemp," "consumable hemp product," and "key participant." It mandates that individuals or entities must obtain a state license to process consumable hemp products, with fees including an initial license fee and a site location modification fee. The act outlines procedures for license applications, including required information and conditions for approval or denial.

Michigan HB5040 establishes regulations for processing, brokering, and marketing industrial hemp, including licensing and fees.

Michigan HB5040, known as the "industrial hemp processing act," creates a framework for licensing and regulating industrial hemp processing, brokering, and marketing in Michigan. The act defines terms such as "industrial hemp," "consumable hemp product," and "key participant." It mandates that individuals or entities must obtain a state license to process consumable hemp products, with fees including an initial license fee and a site location modification fee. The act outlines procedures for license applications, including required information and conditions for approval or denial.