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June 22, 2021

Barclay Damon Live: The Cannabis Counselor, With Aleece Burgio—"Effects of the MRTA on Municipalities and Operators, Featuring Corey Auerbach"

This week, Aleece provides an update on the status of delta-8 THC in New York State. New York State’s proposed regulations on delta-8 THC have been revised and are currently in a comment period until July 19, 2021. Previously, delta-8 THC had been largely unregulated in New York State. Aleece explains what delta-8 THC is, how it’s being used, and the proposed ban on the isomer in New York State. Several other states have already banned delta-8 THC, and New York’s regulations will likely be the most strict owing to the fact that it has the Office of Cannabis Management. The fact remains that delta-8 THC is one of the most profitable products sold in CBD shops and, as a result, it is also incredibly profitable for processors. Aleece speculates that delta-8 THC could continue to be profitable if it is regulated versus being banned. Aleece advises licensed hemp-touching businesses in New York State to stay away from delta-8 THC to be safe. Tune in to hear more!

DISCLAIMER:

This material is for informational purposes only and does not constitute legal advice or a legal opinion, and no attorney-client relationship has been established or implied. Thanks for listening.

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