For decades, the lack of a commercial hemp industry has made the United States an outlier among most of the world’s developed countries. That may soon change, and some states in the Midwest have already been pursuing policies to ensure their farmers can make the most of this new market opportunity.Enacted at the end of last year, the new law legalizes industrial hemp (it must have a THC concentration level of below 0.3 percent), allowing for market-scale cultivation and the interstate sale of products. In another important change for producers, the new farm bill allows hemp to be included in federal crop insurance.What is the role for states?Some may choose to serve as the primary regulatory authority of hemp production, by establishing a licensing system that conforms with federal guidelines and that gets approved by the U.S. Department of Agriculture. This is the purpose of legislation introduced in early 2019 in states such as North Dakota (HB 1349), Minnesota (HB 303) and Indiana (HB 1385 and SB 516).