Lonnie Paxton

Magalie L'Abbé / Flickr

Officials at Oklahoma's Department of Agriculture, Food and Forestry are working on rules to regulate the cultivation of industrial hemp.

Governor Mary Fallin signed bipartisan legislation this week that legalizes the crop in the state.

Industrial hemp is grown for its fiber and its oil, and can be used to make rope, clothes, paper, plastics, insulation and biofuel.

Sen. Lonnie Paxton (R-Tuttle) is one of the bill's authors. He says the new industry could create thousands of jobs and pour millions of dollars into the state's economy.