Modifies the administration of Michigan's industrial hemp program by creating a dedicated fund and specifying its use.

This bill amends Michigan's industrial hemp program by establishing the industrial hemp fund within the state treasury. The fund will receive fees and other assets, including interest and earnings from investments. The Department of Agriculture and Rural Development will administer the fund for auditing purposes and use its money to establish, operate, and enforce the program. On October 1, 2026, the fund will be abolished, and any remaining balance will be transferred to the agriculture licensing and inspection fees fund.

Modifies the administration of Michigan's industrial hemp program by creating a dedicated fund and specifying its use.

This bill amends Michigan's industrial hemp program by establishing the industrial hemp fund within the state treasury. The fund will receive fees and other assets, including interest and earnings from investments. The Department of Agriculture and Rural Development will administer the fund for auditing purposes and use its money to establish, operate, and enforce the program. On October 1, 2026, the fund will be abolished, and any remaining balance will be transferred to the agriculture licensing and inspection fees fund.