4.19.202 HEMP PROCESSING FOR A COMMODITY DEALER
(1) A person or entity with a Hemp Processing License for calendar year 2019 to 2020 may contract with licensed Montana hemp producers without a Commodity Dealer License under the following conditions:
(a) the hemp producer acknowledges the hemp processor is not a licensed commodity dealer in Montana, meaning the processor does not have a commodity dealer bond, by signing a written statement;
(b) the total amount of contracted hemp does not exceed $10 million; or
(c) they are purchasing or processing hemp stalks for fiber.
(2) Hemp processors are subject to all remedies of the department included in 80-4-612, MCA, and powers of inspection included in 80-4-601, MCA.
(a) In the event a hemp processor does not pay a licensed hemp producer possessing a contract that would otherwise be subject to Agricultural Commodity Dealer laws, the department may pursue remedies.
History: 80-4-402, 80-4-601, 80-18-107, MCA; IMP, 80-4-402, 80-4-601, 80-18-102, MCA; NEW, 2019 MAR p. 1369, Eff. 8/24/19.