Amendment X, which will be present on the November 6th Colorado midterms ballot, aims to redefine the definition of “industrial hemp” from its current meaning defined by the Colorado Constitution to the definition provided by federal law.
In 2012 Colorado passed Amendment 64 which allowed for the recreational use of cannabis as well as defined “industrial hemp” within the state’s constitution. This change led to the creation of the Industrial Hemp Regulatory Program in the Colorado Department of Agriculture which was tasked to formulate laws on how hemp and other forms of cannabis are cultivated, processed and sold.
Common criticisms arising with Amendment X from both consumers and farmers alike are that 1) Hemp isn’t commonly used as a “recreational drug” as its currently defined by the federal government, and 2) the definition change would put Colorado’s hemp industry at the mercy of the federal government’s belief of what it should be defined as.
Currently, Colorado’s definition is very similar to the federal government’s, however it’s definition could easily be changed to conflict with Colorado’s producers’ ability to manufacture and distribute its products with more liberty than THC-rich cannabis products.
Due to the measure amending Colorado’s state constitution, the amendment would require 55% of votes to successfully pass. Colorado is one of 7 states with cannabis-related measures on their state and/or locality-based ballots.
Cangea’s CanPass blockchain-based taxation and payment system would theoretically allow Colorado, their Industrial Hemp Regulatory Program and even the federal government to have instant oversight over the flow of cannabis based products and wealth distribution in the marketplace, allowing for a more transparent and observable industry as a whole. This would allow states to define hemp and target its localized use cases to a greater degree- reinforcing each state’s unique ability to self-regulate and accurately represent their local industry as a whole.