Home Outlet store Central New York CBD retailer to close, citing changing state regulations

Central New York CBD retailer to close, citing changing state regulations

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Syracuse, NY – Empire CBD, a local hemp and cannabis retailer that once had stores in central New York, is closing its last outlet.

Empire CBD at Destiny USA will likely close at the end of April, according to owner Yardley Burgess. Two other stores, at Salmon Run Mall in Watertown and Sangertown Mall in New Hartford, closed earlier this year.

Burgess, who once operated up to six Empire CBD outlets, said he’s frustrated with ongoing changes to state regulations regarding the sale of hemp-based cannabis products (not hemp-based cannabis). marijuana). In particular, he cited a regulation he said would require him to obtain a wholesale license to continue selling CBD products out of state.

“I’m tired of having to rotate every few months,” Burgess told syracuse.com today. “Every time they make these changes, they take the profit directly back to the company.”

This is the second time Burgess has closed Empire CBD stores in the past six months. It closed in the fall after the state moved to ban Delta 8, a version of CBD it said was a major driver of its sales. He reopened Destiny, Sangertown and Salmon Run stores a few months later.

“I chose to close the business because New York State has made it impossible for a CBD business to do so by continually changing CBD rules and regulations,” he posted on the site. Empire CBD website. “They made several laws to prevent the availability of certain hemp products and now they will not allow quality products to be on the shelves by limiting all products with the requirement that they be grown, produced and made in New York State.”

Empire CBD sells items like salves, tinctures, and gummies that contain cannabidiol (CBD). These products are made from hemp which, like marijuana, is a species of cannabis. But it doesn’t produce as much THC, the compound that creates the “high” in marijuana. By law, CBD products in New York must contain less than 0.3% THC.

Recreational marijuana use is now legal in New York, but the state has yet to issue retail licenses.

The state’s Cannabis Control Board has banned the Delta 8 and Delta 10 versions of CBD, but can “treat Delta-8 under the adult (recreational marijuana) use program because it’s intoxicating,” according to Freeman Klopott , state spokesperson. Cannabis Management Office.

Burgess hopes to keep the Destiny store open until the end of April, depending on its supply. It offers up to 70% discount on in-stock products.

He currently sells Delta 8 products, but believes the state will effectively ban that around April 8.

Owner Yardley Burgess at the Empire CBD booth at the 2019 New York State Fair.

Meanwhile, Burgess said he still harbors hopes of being able to get a license to sell recreational marijuana (containing THC), once the state opens up that market. The issuance of licenses may not take place before the end of the year.

New York’s Cannabis Control Board said it would give first chance at these licenses to those who have been convicted of marijuana-related offenses that are no longer considered felonies. Preference is also given to other groups, including disabled military veterans.

Burgess qualifies for both provisions, but is still concerned about state licensing regulations and fees.

“I would like to (sell recreational marijuana),” he said. “But it all depends on what the state does.”

Learn more about marijuana and cannabis in New York State:

Legal weed in New York: Changing the perception of the community

New York Cannabis Business Leaders to Speak and Network at Major Event: Panels, Topics, Ticket Info

In wake of marijuana legalization, NYPD focus on impaired driving

Only a few days left to get tickets to the NY Cannabis Insider Live conference March 31! Learn from experts and insiders how to fund your cannabis business, find and secure capital, change the community’s perception of disclaimers, and understand the role Native American nations play in the industry.

Don Cazentre writes for NYup.com, www.syracuse.com and the postal standard. Join it at [email protected]or follow him on NYup.comto Twitter Where Facebook.