• Sarah McGovern

Why a new federal decision will aid New York's booming hemp industry

"A potential obstacle blocking development of the industrial hemp industry was removed Tuesday when banking regulators confirmed the legitimate legal status of low-THC cannabis.

The move comes almost a year after Congress formally lifted stringent controls on the non-psychoactive variant of the hemp plant.

'This is really a big and important first step,' said Kaelan Castetter, chief executive of CSG Hemp, a Binghamton-based processor."