New York aims to ramp up hemp industry with new law, funding

New York is bullish on hemp.

Gov. Andrew Cuomo on Wednesday signed legislation aimed at boosting production of hemp and committed $10 million in state funds to ramp up the industry.

In signing the bill into law, the governor said hemp holds great potential for New York’s agricultural and biotech industries.

According to the Albany Times Union, the new law:

• Mandates that industrial hemp be categorized as an agricultural product and be given the same considerations as other crops and seeds.
• Requires state agencies to collaborate on funding and support for hemp research and businesses.
• Sets up

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New York aims to ramp up hemp industry with new law, funding is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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