In his 2018 State of the State Budget proposal, New York Gov. Andrew Cuomo has earmarked $650,000 for a hemp processing plant, $2 million for a state-run hemp seed certification program, and plans to import “thousands of pounds” of industrial hemp seed into the state to ensure farmers have “access to a high quality product” and ease “the administrative burden” on hemp farmers.

The processing plant, located in the Binghamton area, is estimated to cost a total of $3.2 million.

“Despite growing production values, the U.S. still relies heavily on imported hemp plants and seeds, which are expensive and often poorly adapted for New York’s agricultural environment. To avoid long-term dependence on seed from other states and countries, the State must begin to produce its own unique seed to drive New York’s industrial hemp industry forward.” – 2018 New York State of the State Budget Book

The investments come on the back of a successful 2017 hemp campaign in the state, which saw the first-ever New York State Industrial Hemp Summit and Working Group commit $10 million to support hemp research, production, and processing. The budget book indicates that the state more than tripled the numbers of hemp farmers in the state last year, leading to 2,000 acres of crops.

Cuomo also announced plans for an Industrial Hemp Research Forum to take place in February.

Do you own a cannabis industry business? Create a listing in our directory and get discovered by new clients - Click Here
.

Tags: | Categories: Cannabis Politics Industrial Hemp News

Learn about cannabis businesses:

View the directory | Get featured here

  • Cannabis Cash Solutions

    At Cannabis Cash Solutions we specialize in automating cash handling for marijuana-related businesses. Our turnkey cash management system makes it easy to start protecting your investment today.

  • Ganjapreneur.com

    Ganjapreneur is a news and networking resource for cannabis professionals. Our ultimate mission is to help the cannabis industry grow, by advancing the cause of cannabis normalization through responsible business.

  • Xtraction Services

    Xtraction Services provides highly efficient extraction equipment to qualified operators. We ensure the equipment is proactively maintained and operated with efficiency, all for a fixed price per gram produced. We provide comprehensive training and oversight to ensure your team can efficiently operate. Additionally, we provide regular updates to software and hardware, and a rigorous ALL-INCLUSIVE maintenance schedule to ensure peak performance all with no upfront costs.

  • eBottles 420

    The ultimate online resource for packaging supplies: we offer multiple options for every item you would possibly need, from vape cartridges to concentrate jars to child-resistant bottles.

  • Ravenna Interactive

    Ravenna offers branding, websites, SEO and social marketing services designed to help grow your canna-business. With a foundation in strong communication and integrity we help our clients achieve their growth and digital marketing goals.

  • HappyChap Creative

    An upstart design/build/create/help/strategize agency based in the Pacific Northwest. We help good people & companies get the recognition they deserve through clever, honest communication and the right look. We love working with cannabis brands who set a high bar for quality and who emphasize the positive impact that cannabis legalization will have on the world.

  • MarijuanaDoctors.com

    MarijuanaDoctors.com was founded as the trusted gateway for patients searching for medical marijuana treatment in legal medical marijuana states. We provide patients visibility and transparency in selecting a doctor and setting an appointment for a medical marijuana evaluation including detailed profile information, scheduling information, and ratings and reviews.

  • Hardcar

    HARDCAR is a world class asset protection and armored transportation company From ground breaking cybersecurity to robotics and custom built solutions to meet customer demand we believe in real customer satisfaction not lip service.

  • Distru

    Software built to streamline distribution and manufacturing. Distru provides inventory, order, and customer management for cannabis companies in a centralized platform.

  • MJ Freeway

    MJ Freeway® is the industry-leading software, consulting, and data solution for cannabis businesses, processing $5B in cannabis sales transactions and serving clients in every regulated market in the United States, Canada, Europe, and Australia. Founded in 2010 and designed and built specifically for cannabis businesses, MJ Freeway's technology includes a patented seed to sale supply chain ERP Platform which leverages sophisticated business intelligence insights.

  • California Cannabis CPA

    California Cannabis CPA is the premiere CPA firm that helps individuals and companies working in the Cannabis Industry with all tax planning, compliance, preparation, savings, and peace of mind.

  • CannaPlanners

    CannaPlanners is a full service design and web agency, dedicated to normalizing the cannabis industry through professional and beautiful design services. From logos to packaging design, trade-show materials to t-shirts and hats - we've got all your creative needs covered. Our turnkey WordPress site builder allows for great-looking sites at affordable rates. Let our creative team tell your story!

Looking for a career in the cannabis industry?

Upload your resume and get discovered by industry recruiters for only $1/month

Post Your Resume View all jobs

Recent Job Postings

Additional resources:

Cannabis Books

Learn about the endocannabinoid system & more!

Cannabis Stocks

Find publicly-traded cannabis & hemp companies

Medical Research

Explore our library of medical cannabis studies

Subscribe for daily cannabis news, announcements, and business insights.

Stay informed about the latest cannabis industry news, policy progress, and business developments.