Colorado legalized the crop along with marijuana in 2012. Both are forms of cannabis, but hemp isn't mind-altering. The plant can be used for clothing, soaps, food and other industrial uses.
The cooperative will help farmers build an industry around the cash crop, says David Serrano, who organized the Northeastern Colorado Hemp Farmers Association.
"Whether it's for fiber or medicine or oils we want to be able to give the farmers the opportunity to create a valuable asset for themselves," Serrano said.
That'll mean selling hemp seeds to cooperative members, negotiating prices and sharing expert advice.
You want to know what is really going on these days, especially in Colorado. We can help you keep up. The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!