New Yorkâs Cannabis Control Board (CCB) voted to approve a string of new measures last week which will see a cap on the amount of THC allowed in hemp products, establish fees for licensed cannabis labs, and renew medical cannabis registrations.
In July this year, the CCB voted to file an âemergency and proposed cannabinoid hemp regulation in response to the proliferation of intoxication cannabinoid hemp products in the marketplaceâ.
This measure is related to the rise in products which have been processed from hemp flower, defined federally by the 2018 Farm Bill as cannabis flower that is tested below 0.3% THC, that have âintoxicatingâ levels of THC.
According to Finger Lakes Daily News, following a two month public comment period and analysis of numerous studies, the regulator has established a new appropriate limit on the level of THC allowed in each recommended serving, set to be brought into force âupon publication in the State Registerâ.
Meanwhile, the CCB also voted to establish fees for licensed cannabis labs. These will now be 1% of the labsâ gross annual receipts or $1000, whichever number is greater.
Furthermore, nine âregistered organisationsâ (ROs) were approved for a renewal of their licenses by the CCB on Friday, including: Citiva Medical, LLC, Columbia Care NY, LLC, Curaleaf NY, LLC, Etain, LLC, Fiorello Pharmaceuticals, Inc, NYCANNA, LLC, PharmaCann of New York, LLC, Valley Agriceuticals, LLC, and Vireo Health of New York, LLC.
Under the current state regulations, ROs must apply to have their registration renewed every two years.
 New Yorkâs Cannabis Control Board (CCB) voted to approve a string of new measures last week which will see a cap on the amount of THC allowed in hemp products, establish fees for licensed cannabis labs, and renew medical cannabis registrations.  Read More Â
