Failure to set legal framework in Indiana means ‘hemp program is dying’

The failure of the Indiana state legislature to pass a legal framework for the hemp industry means that the state’s hemp program is in danger of dying. Indiana was one of the first states to legalize hemp farming in 2018, but the industry has been stymied by the lack of a legal framework. Without the necessary regulations and guidelines, farmers and processors have been unable to move forward with their business plans.

The lack of legal framework has been particularly difficult on hemp farmers in Indiana. Without a legal framework in place, farmers are unable to access federal crop insurance, which is essential for any agricultural business. Additionally, the lack of regulations has made it difficult for farmers to access credit and capital, as most lenders are unwilling to lend to businesses without a legal framework in place.

The lack of legal framework has also had a negative impact on hemp processors. Without regulations in place, processors are unable to operate legally and must rely on the black market for their supplies. This has led to a decrease in quality and an increase in prices, making it difficult for processors to remain competitive.

The failure to set a legal framework has had a devastating effect on the hemp industry in Indiana. Without the necessary regulations in place, farmers and processors are unable to move forward with their business plans. This has resulted in a decrease in the number of hemp farms and processors in the state, and has put the industry in danger of dying.

The Indiana state legislature must act quickly to pass a legal framework for the hemp industry. Without a legal framework in place, the hemp industry in Indiana will continue to struggle and may eventually die out. It is essential that the legislature pass regulations and guidelines to ensure the success of the hemp industry in Indiana.