NY Gov. Cuomo signs bill to boost hemp production

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…