As New York establishes its legal marijuana marketplace, investors continue to seek opportunities to back cannabis businesses and earn a return on their dollar.
Experts say such opportunities exist, but recommend a cautious approach amid regulatory uncertainty, the state’s focus on social equity, and the staying power of its legacy cannabis market.
He cited packaging and labeling of hemp and CBD products as just one area that requires the attention of the federal Food and Drug Administration.
“Hemp has a bright future [in New York], but there will only be small steps until the FDA comes in to regulate it,” Miller said.
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