The proposed bill, General Assembly Proposed Bill No. 6782, mandates the Department of Economic and Community Development to conduct a feasibility study assessing the economic impact of establishing a federally subsidized industrial hemp program in the state. The bill requires the department to report its findings and recommendations regarding the establishment of such a program to the joint standing committee of the General Assembly that oversees economic development matters.

This legislation aims to evaluate the potential benefits and implications of introducing a federally supported industrial hemp initiative in the state, thereby facilitating informed decision-making regarding its implementation. The bill does not include any deletions from current law but introduces new legal language to formalize the requirement for the feasibility study and subsequent reporting.