New Mexico can now join the growing number of states whose hemp regulatory plans have been approved by the USDA. Growers that obtain licenses after October 31, 2020 will have to comply with the new regulatory structure. Those that already licensed will have time to work the new requirements into their existing production operation process.
It is estimated that 400 or so new jobs could be created for the state’s hemp industry, the Los Alamos Reporter noted. Some of those jobs will be created with assistance from funding from the Local Economic Development Act.
Governor Michelle Lujan Grisham said, “I have prioritized hemp production since day one. It can be an economic game-changer for our agricultural communities, creating jobs and building opportunity. I’m grateful for this next step and I look forward to more.”
The industry, as a whole, is expecting job creation to increase significantly as production increases.