Major players in the Kentucky hemp business are currently at a crossroads as they weigh the opportunity of entering the medical marijuana space next year.
Despite being less than a year out from the start of the Kentucky Medical Cannabis Program, the state has not yet released regulations regarding the licensing process, how many licenses will be administered, how businesses in each part of the industry can apply for a license, or what it takes to qualify for a license.
"Before Cornbread Hemp can answer yes or no, there's a lot of questions that we need answered first," said Jim Higdon, co-founder of Cornbread Hemp. "We're working very diligently to figure out what's possible and not possible here ... we want to grow our business naturally according to the law."
This current lack of regulations on the business licensing side is presenting a challenge for Higdon and others, as the state agriculture industry is on the brink of expansion.
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