Kenny Colston

Before he joins the call for legalized industrial hemp, Gov. Steve Beshear wants law enforcement officials to resolve their concerns about the issue.

The issue: Some Kentucky officials believe legalized industrial hemp would be good for Kentucky's economy, but law enforcement officials are concerned that such a move would conflict with efforts to crack down on marijuana growers.

“I think we’re going to have to answer those questions before we can really move forward in the industrial hemp area,” Beshear said.

Kentucky is central in the movement to legalize hemp as an agricultural crop, largely thanks to the advocacy of Agriculture Commissioner James Comer and U.S. Sen. Rand Paul.

After months building a state-based health exchange, Kentucky officials have been told that the federal government has given approval to their work.

Despite objections from Republican lawmakers, Kentucky officials quickly began working on a state-based exchange --- a part of the Affordable Care Act.

Many states surrounding Kentucky are opting for a federal-run exchange or haven’t yet made a decision.

Weeks after their announced departure from Kentucky’s Medicaid managed care system, operator Kentucky Spirit and the state are still locked in a legal battle.

Both sides have sued each other, blaming the other for the situation. Kentucky Spirit announced their departure, scheduled for the middle of 2013, due to massive losses in the system.

In an interim committee meeting Tuesday, Kentucky lawmakers asked for an update on what the state hoped to recoup financially because of Kentucky Spirit’s decision.

After years of defeat, Kentucky lawmakers believe an expanded gambling bill could become law next year. At the Kentucky Chamber’s annual policy day, House Speaker Greg Stumbo and new Senate Majority Floor Leader Damon Thayer discussed the prospects of such a bill in the upcoming session.

Both leaders suggested the opposing chamber take up the bill first when they get to Frankfort next month.

Thayer was the sponsor of a Senate gambling bill in this year's session. The measure ultimately failed. But Thayer says the Senate can pass a new bill if the governor pushes hard enough.

As Kentucky and federal lawmakers consider legalizing industrial hemp, the chair of the University of Kentucky's agriculture economics department notes that such an industry won't rise overnight.

It's a matter of economic viability. The main question being: With corn, soybeans and other crops selling at record high levels, what would entice farmers to switch to hemp instead?

Leigh Maynard, chair of the University of Kentucky’s ag economics department, said he expects farmers to be hesitant to begin growing industrial hemp. Maynard said  farmers will likely balk at the idea of foregoing record high prices in other markets just to grow hemp.