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How Colorado's Keeping Up With the Hemp Industry | Cannabis Business Times

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How Colorado's Keeping Up With the Hemp Industry

With the passing of the Farm Bill, Colorado started the CHAMP initiative, or the Colorado Hemp Advancement and Management Plan.

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DENVER — The Colorado Department of Agriculture is anticipating that about 80,000 acres, or 125 square miles, will be set aside and registered to grow hemp this year. 

It's not a lot compared to the 36.2 million acres in agricultural land, or 2.2 million acres dedicated to wheat, but the CDA said it is diversifying the state's agricultural commodities. 

With the passing of the Farm Bill, the CDA started the CHAMP initiative, or the Colorado Hemp Advancement and Management Plan, to both regulate the hemp industry, as well as provide it economic opportunities to grow. 

The CHAMP initiative is expected to last a year, expiring in spring 2020.

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