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Cuomo signs bill creating hemp regulatory plan

A bill approved Monday by Gov. Andrew Cuomo will establish a regulatory system for the sale and production of hemp and hemp-related products in the state amid the growing popularity of the ingredient in consumer products.

Meanwhile, Cuomo announced plans to hold a hemp summit in January to discuss policies related in the industry.

The bill was approved with a chapter amendment meant to provide a more streamlined system for regulating hemp products and provide the Department of Agriculture and Markets with a supervisory role over hemp growers. The Department of Health is given supervision over hemp extract and it creates a registration requirement for sellers of hemp extract products.

And the chapter amendment also defers decision making on hemp extracts like CBD as additives in food and beverages.

“The hemp industry in New York is exploding and with that growth comes a responsibility to regulate the industry in a way that helps ensure its long-term viability and protects consumers,” Cuomo said.

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