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In February 2014, the Michigan Legislature passed a bill which permits growing hemp as an agricultural crop. Before this, Michigan was the first state to allow industrial hemp production in over 80 years. Michigan Hemp Laws are essential because it allows farmers and individuals to cultivate hemp on their property under laws that were legal and in effect until 2014. When Congress banned everything related to marijuana, including its ingredients and derivatives.
That means farmers can grow it now under older laws. Still, they have put themselves into a grey area because they don’t know if they need permission from the federal government. If what will happen next year with federal regulations will remain after this current administration changes.
What is the Future of Michigan Hemp Laws?
Since 2014, the state of Michigan has seen a significant increase in production. The future of this organization looks very bright in the next five years. The potential is limitless for this product and its derivatives which could provide millions of jobs and tax revenue that would help break down barriers within our state and other countries worldwide. The future of Michigan Hemp Laws depends on current and future federal laws. If federal marijuana laws remain the same or are rescinded, the Industrial Hemp Council of Michigan may continue its efforts to cultivate the industrial hemp crop.
It is important to note that Michigan’s attorney general is still reviewing this area and whether he will act on the new state law (passed in 2014). There is also uncertainty concerning federal regulations. If a farmer’s crop does not test positive for THC by any method, he may be allowed to harvest up to three times each year with no additional penalties. In This Article, we will discuss Why Michigan Hemp Laws Are Important.
So Here are the 6 Explanations On Why Michigan Hemp Laws Are Important.
1. Michigan Hemp Laws Can Help Michigan Agriculture
Michigan is home to fiscal struggles at the state level. The state’s budget has been in disarray for years. This, along with a strong economy and an agricultural base, puts Michigan in a prime position to grow hemp. Hemp is a crop that can be used to make everything from bedding material to clothing, paper products, and much more, as it is one of the most versatile plants on Earth. The main issue with growing hemp in the past is that farmers cannot get federal and state’ approval’ because of the old marijuana laws. The problem was solved with the Michigan Hemp Laws, which allowed farmers to cultivate hemp. As a result, agriculture in the state has seen a growth in its crops, as hemp will provide farmers with an additional revenue stream and create jobs for those involved in this field.
2. Michigan Hemp Laws Reduce the Illegal Market
Selling products containing significant amounts of marijuana and its derivatives are illegal. This is true all across the country. However, there are numerous states where hemp can be produced and sold legally within their borders (see above). The Michigan market alone is estimated to be worth $100 million per year, and it is estimated that 80% of this revenue will come from hemp products. Michigan Hemp Laws are essential because it helps regulate the sale of hemp products. Which would decrease the amount of money going to the illegal drug trade.
3. Michigan Hemp Laws Can Create Jobs in Michigan
Michigan is a state that has experienced an economic recession for well over a decade. This has made it difficult for many businesses to stay solvent and for the economy to remain strong. The state’s unemployment rate currently sits at around 6 per cent, above the national average. However, the hemp industry can help change this by creating jobs throughout the supply chain. There will be positions available in agriculture, manufacturing and retail, as well as transportation and logistics (as hemp overgrows). Hemp is an incredibly versatile crop which can used to create thousands of unique products. This will create a variety of jobs throughout the state.
4. Michigan Hemp Laws Is Important to the Environment
Hemp requires little-to-no pesticides and herbicides, making it an incredibly environmentally-friendly plant to grow. This is good for the Environment and suitable for farmers as hemp can help protect against harsh weather that may cause other crops to fail. Hemp overgrows and has a short growing season, making it an ideal crop for farmers looking for an alternative crop to grow or add value to their current crops. During World War II, hemp was considered an essential crop due to its ability to preserve soil from erosion. These qualities make hemp an ideal crop, as the plant can help restore the damaged soil by adding nutrients, rebuilding after a wildfire and preventing erosion.
5. Michigan Hemp Laws Is Important to Taxation
Michigan Hemp Laws are essential because they will help raise taxes for the state of Michigan and provide a new revenue stream. Since 2014, there has been an increase in money available to the state because of federal marijuana laws concerning hemp farming. Hemp sells for about 30-60% less than its equivalent in marijuana, making this a huge benefit for farmers. As the amount of hemp grown each year increases, so makes the amount of money that can be generated by selling this material. As a result, this will help grow the state’s economy and generate jobs. The more hemp is grown, the better it will be for Michigan’s farmers. As this will provide them with another revenue stream.
6. Michigan Hemp Laws Is Important to Consumers
Michigan Hemp Laws are essential because they provide consumers with a new range of products they can purchase. Hemp is one of the most versatile plants on Earth, and its seeds are incredibly nutritious. The seeds can also be ground into a butter-like substance or pressed into oil. Michigan Hemp Laws allow farmers to grow this crop without fear of being reported to the authorities as hemp cannot get a person high (because it has no THC content). Since this product is legal in many states, it allows these farmers to compete with producers from outside states who may sell their crops more aggressively.
Conclusion
In conclusion, Michigan Hemp Laws have the power to help the state economically. It can create jobs, reduce illegal activity and help grow the economy in various industries. People around the globe have been using hemp for thousands of years, and its popularity grew during World War II. The plant can be used to create thousands of products and is more versatile than many other crops on Earth. Hemp is environmentally friendly as it needs little to no pesticides or herbicides. Making it an ideal crop for farmers looking for an alternative crop to grow (especially during harsh weather conditions).