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NY Gov. Cuomo signs bill to boost hemp production

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New York Governor Andrew Cuomo has signed a legislation that aims to boost the production of hemp.

Also, today, Governor Andrew Cuomo announced that $10 million in state funds will be used to advance industrial hemp research and economic development opportunities for industrial hemp businesses.

Hemp is a variety of cannabis, it does not contain the level of active compounds found in marijuana, but it can be grown for CBD (Cannabidiol). Efforts to grow the plant for use in textiles, food supplements, biofuels and even building materials have long been hampered by anti-drug laws. CBD grown from Hemp has shown to help treat numerous ailments

“By expanding industrial hemp research and development for both farms and businesses, New York is embracing our legacy of innovation to lead the way on this economic engine that will create jobs from the field to the factory,” Governor Cuomo said. “Industrial hemp is a promising commodity that, with the necessary support and resources, can provide a tremendous boost to our communities by increasing the profitability of our farms, creating new jobs in Upstate New York, and laying the groundwork for future growth.”

The bill adds hemp to the state’s list of agricultural commodities and creates a hemp advisory panel.

Also, a state program launched last year allows farmers to partner with universities to grow and research hemp.

Read more: https://www.governor.ny.gov/news/governor-cuomo-signs-legislation-and-announces-new-initiatives-support-growth-industrial-hemp

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