Seed CX has applied to become a trading venue for industrial hemp. Seed CX filed a draft application with the US Commodity Futures Trading Commission to create an exchange-like trading platform established under the 2010 Dodd-Frank financial reforms. The cousin plant to marijuana is found in products such as fabric, shampoo, plastics, building materials and even food. The Financial Times reports Brian Liston, Seed CX president, hopes to offer three contracts tracking markets for hemp seed, whole hemp plant and hemp plant extract. Through fundraising, Liston, and his co-founder has mustered more than $3 million to create the exchange. Meanwhile, 27 states have passed laws related to industrial hemp as Kentucky, Tennessee and Colorado accounted for most of last year’s crop. Hemp production in the U.S. previously peaked at more than 150 million pounds during the Second World War.