Experts suggest that the U.S. market for hemp is around $600 million per year. They count as many as 25,000 uses for industrial hemp.
By: Mike Maharrey / Activist Post A bill working its way through the New Mexico House that would remove the state ban on industrial hemp has already cleared its first committee hurdle. Passage into law would set the stage to nullify federal prohibition on the plant in practice.
Rep. Rick Little (R-Chaparral) introduced House Bill 166 (HB166) on Jan 18. The legislation would simply remove industrial hemp from the state’s list of controlled substances. This would open the door for a full-scale commercial hemp market in the state by treating it like any other crop for farming.
HB166 would not require any license to grow hemp, and it would create no state regulatory structure. This would have a similar effect as a bill passed in Connecticut in 2015. In short, the state would treat industrial hemp like other plants, such as tomatoes. By ending state prohibition, residents in New Mexico would have an open door to start industrial hemp farming should they be willing to risk violating ongoing federal prohibition.