Massachusetts’ governor has approved Cannabis pharmaceuticals to sell hemp as well as hemp-based products grown and processed within the state.
This authorization renders Massachusetts the first to allow dispensaries to sell marijuana and enables the state’s nineteen hemp processors and seventy-nine farmers to sell ingestible CBD products. This shift also offers cannabis retailers a more cost-friendly source of CBD raw materials.
The Boston Globe stated that the proposal (which is part of the $45.9 billion federal budget approved by Governor Charlie Baker last week) offers aid to Massachusetts hemp growers affected by state regulations prohibiting them from processing their hemp plants into cannabinoid edibles.
Linda Noel, a hemp grower at Terrapin Farm, said that this changes everything for small-scale hemp cultivators like herself. She added that their ranks declined in 2020 and she wasn’t going to renew her license if there was no amendment on the regulations.
Linda went on to say that the change has given her hope that hemp will be a viable plant for small-scale farmers.
More than twelve states implemented reforms last year to enable hemp-derived and CBD products to be available for retail in dispensaries. This opens an extra sales outlet for the budding hemp sector.
The new Massachusetts law will allow authorized dispensaries to purchase hemp products made by processors or growers licensed by MDAR (Massachusetts Department of Agricultural Resources). However, products sourced beyond the state remain prohibited.
Mike Matton (CEO of Massachusetts-based High Purity Natural Products) stated the change is a long-awaited solution to a hiccup in the rules that adversely affected Massachusetts’ Hemp Sector.
Retailers of adult-use cannabis have made $663 million in gross returns since the beginning of 2020.
Apart from Massachusetts’ original two cannabis stores licensed in 2018, eighty-two more have been awarded licenses to commence statewide operations.