(1) The department or a college or university in this state may grow or cultivate, or both, industrial hemp for purposes of research conducted under an agricultural pilot program or other agricultural or academic research project.

  (2) The department or a college or university that transports industrial hemp as part of a research project authorized under this act shall include along with a shipment of industrial hemp a letter on the department’s or the college’s or university’s letterhead that provides notice that the shipment includes industrial hemp authorized under this act.

  (3) A college or university in this state may receive direct grants from the federal government or any other source for the purpose of conducting research authorized under this act.