The Office of Cannabis Management on Wednesday adopted regulations designed to set stricter standards for New York’s exploding hemp market, requiring all hemp-derived cannabinoid products – such as trending CBD oils and salves – to meet state manufacturing, laboratory, packaging and labeling guidelines. Some of the new rules, including those for packaging and lab testing, will take effect in six months to allow processors and retailers time to bring their operations into compliance. New York has 25 fully permitted cannabinoid hemp processors, and the Office of Cannabis Management has approved another 71 provisional licenses for processors and manufacturers. They have also provisionally approved 403 permits for wholesale distribution of out-of-state products, and 2,384 for retailers.  An OCM spokesman said there is no cap on the number of cannabinoid hemp licenses they will approve, and the agency will finalize the provisional permits in the coming weeks.

Cannabis Business Executive – Cannabis and Marijuana industry news, 11/04/2021 20:49:00

Open article: