Recreational marijuana is legal in New York, but the market and rules are still taking shape. New regulations for CBD and hemp have been rolled out that could impact the state’s upcoming Adult Use Marijuana Program. “Cannabis is going to be regulated like a dietary supplement in New York State,” explained Eddie Brennan, President of Beak and Skiff, and Onondaga County orchard that produces hemp and has a line of CBD products. Brennan welcomes these stringent regulations under New York’s Cannabinoid Hemp Program. “We think it’s a great thing, because ultimately, the product the customer will be getting will be safe, the efficacy will be there, and they’ll know what’s on the package is really what’s in the ingredients,” Brennan said, while also recognizing it as a barrier to entry in the market for other manufacturers and distributors who may not have facilities that can make the products at such high standards. A hot topic in the hemp market is regulating Delta-8 THC products, which are not naturally derived from cannabis. Delta-8 THC is like a chemical cousin to marijuana. The popular product for CBD shops has been prohibited under the new regulations for the Cannabinoid Hemp Program.
420 Intel – Marijuana Industry News, 12/06/2021 19:00:00