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New law sets standards boosting New York's hemp industry

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Posted at 2:30 AM, Dec 11, 2019
and last updated 2019-12-11 02:30:25-05

ALBANY, N.Y. (AP) — New York's fast-growing hemp industry is getting a boost from a new law allowing the state to regulate the growth and sale of cannabis-derived extracts such as trendy CBD oil.

Broad-ranging legislation signed by Democratic Gov. Andrew Cuomo on Monday sets strict guidelines for product testing and labeling.

It also requires hemp growers and processors to obtain a license through the state Department of Agriculture and Markets and sets registration requirements for sellers of hemp extracts.

But it defers decision-making on hemp extracts such as cannabidiol, or CBD, as food or beverage additives.

Hemp entrepreneurs welcomed the new law, which was developed in consultation with industry leaders.