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With the passing of the Senate bill legalizing adult-use cannabis in New York City, there might be a sudden increase in the hemp operators to the high-THC side of the industry. Being considered as the first in the nation attempt to legalize and regulate the cannabis industry, New York Governor Andrew Cuomo signed the bill on March 31st.

New York City's Governor Andrew Cuomo has finally passed the long-awaited Marijuana Regulation & Taxation Act (MRTA) on March 30. With 43-20 voting by the assembly, Gov. Cuomo shared that the passing of MRTA will finally put an end to harsh prison sentences, prioritize marginalized communities and massively affect the growth of the cannabis industry in New York.

With the reintroduction of The Secure and Fair Enforcement (SAFE) banking act, conducting financial transactions in the marijuana industry might become a lot easier. Although the journey of legislation has been around since 2015, the SAFE Banking Act was reintroduced by Sen. Jeff Merkley and 30 other co-sponsors this week.

As the scientific shreds of evidence of the therapeutic properties of CBD are coming to light, the industry is sure to witness some relevant changes in the coming years. With the increasing popularity and enhanced awareness, CBD products have gained quite a momentum in the market, and here are 5 major predictions for the CBD industry in 2021. 

Is 2021 going to be a year of positive CBD policy changes? There is a buzz in the CBD industry, though we don't have any concrete proof. Newly elected president of USA Joe Biden's plans to tackle climate change can be a blessing in disguise for the CBD industry.

We've excellent news for CBD users living in the United States. Vitamin Shoppe and Martha Stewart are all set to bring several wellness products for their customers at a reasonable price.