New York Will Regulate Hemp Industry With a New Law
On December 9, New York Governor Andrew M. Cuomo has signed the bill that will regulate manufacture and sales of hemp extracts:
“By establishing a regulatory framework for producing and selling hemp and hemp extract we can set the industry on a path to continued growth in a smart, safe way that empowers both farmers and consumer”
New law establishes a state permitting process for industry participants, adding more responsibility to certain parties. For example, it requires cannabis products to be tested and labeled in accordance with potential harm to its consumers.
Senator Jen Metzger called the measure “a nation-leading step forward”, highlighting the opportunities for both farmers and consumers. The Assemblymember Donna Lupardo, calling the measure “one of the most highly regarded hemp programs” in the US.
Despite the positive response, the signed law still leaves uncertainty in regulating CBD containing foods and beverages. Late November the U.S. Food and Drug Administration has issued warning letters for 15 companies selling CBD-containing products, giving them time until the end of this week to comply with the law, forbidding to label products as food supplements or market “with unproved medical claims”.
The Governor has also announced the hemp summit in January to facilitate the development of further policies regulating the industry.