ID H0122

Creates the "Hemp Research and Development Act" as a new chapter in Idaho law to establish state policy allowing and encouraging hemp research and development following the 2018 federal Farm Bill's removal of hemp from Schedule I controlled substances.

Defines hemp as Cannabis sativa L. with delta-9 tetrahydrocannabinol concentration not exceeding 0.3% on a dry weight basis, including all parts, seeds, derivatives, extracts, cannabinoids, and isomers of the plant.

Permits any person, including institutions of higher education, to plant, grow, cultivate, harvest, sample, test, research, process, transport, transfer, possess, sell, import, and export hemp to the greatest extent allowed under federal law.

Authorizes the Idaho State Department of Agriculture to promulgate rules regulating hemp activities only to the extent required under federal law and in a manner maximizing public opportunity to engage in those activities.

Amends controlled substances law definitions to add hemp as a lawful substance and modifies Schedule I to except hemp with no more than 0.3% tetrahydrocannabinol from drug classification.