
Daniel T. McKillop
Partner
201-896-7115 dmckillop@sh-law.comFirm Insights
Author: Daniel T. McKillop
Date: October 23, 2018
Partner
201-896-7115 dmckillop@sh-law.comWhile marijuana gets all the headlines, a bill to legalize industrial hemp passed the New Jersey Legislature and is now awaiting action by Gov. Phil Murphy. Under Assembly Bill 1330, license holders would be able to plant, grow, harvest, possess, process, distribute, buy, or sell industrial hemp within the state.
Hemp is used in a wide range of industrial applications, such as dietary supplements, skin products, clothing, and accessories. As federal and state regulators relax the legal restrictions on growing and distributing hemp, it is poised to become a billion-dollar industry. However, before jumping in, there are ten things you need to know about the current status of federal and state law:
The Scarinci Hollenbeck Cannabis Law Practice group will be continuously tracking Assembly Bill 1330 and the 2018 farm bill. We encourage prospective members of the New Jersey hemp industry to check back regularly for updates.
If you have any questions or if you would like to discuss the matter further, please contact me, Dan McKillop, at 201-806-3364.
This article is a part of a series pertaining to cannabis legalization in New Jersey and the United States at large. Prior articles in this series are below:
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