Farmers dealing with depressed prices for plants that produce CBD are eager to take part in a statewide marijuana market expected to generate billions of dollars a year once retail sales start
ALBANY, N.Y. — Legal marijuana is coming to New York and hemp farmer Samir Mahadin sees it as a potential lifeline.
Farmers dealing with depressed prices for plants that produce CBD are eager to take part in a statewide marijuana market expected to generate billions of dollars a year once retail sales start.
They already know how to grow and process cannabis plants, since hemp is essentially the same plant with lower levels of THC, marijuana’s active ingredient.
Now they’re waiting on rules that will allow them to switch seeds.
“I would love to get a license to grow cannabis. My wife and I love working with this plant, I believe in its ability and power as a medicine,” said Mahadin, who runs Breathing Web Farms in the Finger Lakes with his wife. “And it could save my farm because what happened with the hemp has been catastrophic.”
Last month, New York became the second-largest state to legalize recreational marijuana after California, with retail sales expected to begin as early as next year. [Read More @ ABC News]
Your email address will not be published. Required fields are marked *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
Comment *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Δ
Voters will now get to decide whether to legalize recreational marijuana in a state that has a well-established medical pot marketplace. When the Florida Supreme Court earlier this month approved a November referendum on…
The legal cannabis industry is thriving in the U.S., reaching its highest-ever number of jobs and sales, a new report shows. Vangst, a cannabis industry job platform, found that at…
Maine is the newest frontier for the illicit marijuana trade, with potentially hundreds of suspected unlicensed grow houses operating in the state, a CBS News investigation has found. It’s part…
Ten years ago this month, Iowa policymakers made it legal to use cannabis for certain medical treatment, marking the start of what would eventually become Iowa’s existing medical cannabidiol program.…