It is the declared policy of the Commonwealth that hemp is a viable agricultural crop in the Commonwealth. The purposes of KRS 260.850 to 260.869 are to:
(1) Promote the research and study methods of cultivating, processing, and marketing hemp;
(2) Promote the expansion of the Commonwealth's hemp industry to the maximum extent permitted by federal law by allowing citizens of the Commonwealth to cultivate, handle, or process hemp and hemp products for commercial purposes; and (3) Move the Commonwealth and its citizens to the forefront of the hemp industry.