GREENSPOON MARDER CLIENT ALERT: Farm Products and Commodity Handler Programs in Colorado Blog If you are currently in the business of purchasing or selling any part of the unprocessed industrial hemp plant in the state of Colorado, the information contained in this message may be of importance to you.
The Colorado Department of Agriculture currently regulates all persons engaged in the business of purchasing and selling any unprocessed farm product or farm commodity for the purposes of processing, resale, or even storage. Unprocessed industrial hemp is classified as an agricultural crop by the Colorado Department of Agriculture. Therefore, the purchase and sale of industrial hemp for processing, re-sale, and storage may fall under the purview of these programs.
If your business operates by selling or purchasing unprocessed industrial hemp or unsterilized industrial hemp seeds for processing and re-sale or storage, you may be required to be licensed by the Colorado Department of Agriculture. Currently, a farm products dealer or commodity handler that is operating without a license and bond, where applicable, is committing a class 6 felony in the state of Colorado.
If you believe that your business operations may be affected by the information contained in this email and need assistance in interpreting the guidance that is available for this program, we strongly suggest that you reach out to us.
About Greenspoon Marder Greenspoon Marder LLP is committed to providing excellent client service through our cross-disciplinary, client-team approach. Our goal is to understand the challenges that our clients face, build collaborative relationships, and craft creative solutions designed and executed with long-term strategic goals in mind. Since our inception in 1981, Greenspoon Marder LLP has become a full-service, Am Law 200 and NLJ 500 ranked law firm with more than 200 attorneys. We serve Fortune 500, middle-market public and private companies, start-ups, emerging businesses, individuals and entrepreneurs across the United States. For more information, visit www.gmlaw.com .
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