As everyone in the hemp business will tell you–hemp has a way of bringing business into states. From increasing a state’s agricultural output to new jobs in manufacturing and retail–hemp is a money maker. This is why it makes sense the New York, a great state for business all around, is seeing a CBD/Hemp boom.
A large new hemp extract/CBD processing and distribution business has opened near Binghamton. It is called Empire Standard and is the state’s first large-scale facility. It will convert bulk hemp extracts into CBD products in industries like health, beauty, and wellness. But, this is not the only business adding potential revenue to the state.
In fact, there several such hemp/CBD businesses slated to open in New York, including:
Besides that fact that New York is a great place to grow crops like CBD–it is also one of the most populous states. This means it has a large crop of talent to choose from as well as land and businesses. Also, New York state borders Canada, making it a logical place to expand hemp and CBD business down from a country in which hemp and cannabis are already legal. These factors are all certainly reasons why hemp in New York is moving ahead so quickly.