CO SB205

Designates unprocessed industrial hemp seeds as a "commodity" under the Commodity Handler Act, requiring handlers to comply with licensing requirements in Article 36 of Title 35.

Classifies industrial hemp as a "farm product" under the Farm Products Act, requiring dealers, small-volume dealers, and agents to comply with licensing requirements in Article 37 of Title 35.

Permits persons engaged in processing, manufacturing, selling, transporting, or distributing industrial hemp to avoid civil or criminal liability under Colorado law, consistent with federal Controlled Substances Act requirements.

Modifies the industrial hemp registration fee structure to be determined by the commissioner based on a fee schedule rather than land area size and use.

Takes effect 90 days after the 2018 legislative session concludes (August 8, 2018), subject to referendum petition approval if filed within that period.