Cannabis Law Report

JUNE 25, 2021

Cannabidiol (CBD) products derived from industrial hemp exist in a unique market here in the U.S. Thanks to the passage of the 2018 Farm Bill , CBD products that meet certain federal criteria are no longer part of the U.S. As a result, banks often require a website that sells CBD to meet several criteria to satisfy their guidelines.

Banking 66

Banking CBD Hemp Seed-To-Sale 66

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. The risks and significant compliance burden of serving a business that is still federally illegal has led to a smaller number of institutions choosing to serve these customers. Legal Hemp Growing. Bank Secrecy Act Compliance.

Banking 40

Banking Hemp Marijuana Compliance 40

Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. Background. percent on a dry weight basis.”

Hemp 59

Hemp Business Banking Agriculture 59

Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

Banking 40

Banking Hemp Safety Business 40

Medicinal Genomics

NOVEMBER 5, 2019

Last week the USDA issued its much-anticipated interim final rule for hemp manufacturing. In a conference call, the USDA further clarified that hemp samples should only include flower and could be as little as the top 2” of the upper-most flower. . The language in the 2014 Farm Bill classified hemp as cannabis with less than 0.3%

THC 81

THC Hemp DEA Banking 81

Cannabis Law Report

JANUARY 30, 2019

European cannabis firms and investors enviously watching the rapid maturation of the multi-billion dollar North American industry may consider something both geographies have in common; the difficulty of getting banks onside. As of September 2018, Forbes reported just 30 percent of cannabis firms in the US had access to bank accounts.

Banking 77

Banking Hemp Business Cannabis 77

Cannabis Law Report

SEPTEMBER 10, 2019

Following last year’s passage of the 2018 Farm Bill, the National Credit Union Administration (NCUA) issued a regulatory update in August of 2019 to federally insured credit unions. As to the effects of the 2018 Farm Bill, the NCUA highlighted three points.

Hemp 45

Hemp Business Compliance Compliance 45

Cannabis Law Report

MARCH 13, 2019

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. The new practice leverages the firm’s in-depth cannabis and hemp industry knowledge and expertise of the tax implications, regulatory environment, as well as critical operating and financial procedures.

Hemp 71

Hemp Business Banking Concentrates 71

Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

SEPTEMBER 12, 2022

Before 1937, industrial hemp was legal and used for clothing, paper, rope, and fuel. Hemp was grown by our forefathers—even required of early colonists. plant illegal, including hemp, a sturdy low THC variety. Hemp was briefly re-legalized in World War II to make canvas and other items requiring the strength hemp provides.

Hemp 52

Hemp CBD Food Extraction 52

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

Hemp 71

Hemp Business Cultivation Banking 71

SpeedWeed

MARCH 24, 2021

Like the opening bell on the trading floor of the Stock Exchange, the reintroduction in Congress last week of the long-awaited Secure and Fair Enforcement (SAFE) Banking Act and related Clarifying Law Around Insurance of Marijuana (CLAIM) Act was a call to action for carriers and insurance brokers across the country. SAFE Banking Act.

Banking 52

Banking Business Policy Legislation 52

MJ Business Attorneys

AUGUST 27, 2019

The STATES Act was introduced in Congress last term and provides that the CSA’s prohibitions on marijuana should not apply to those acting in compliance with state law regarding marijuana business. The ABA’s final proposal calls on Congress to actively facilitate research into marijuana.

Research and Development 100

Research and Development Legislation Banking Compliance 100

MJ Business Attorneys

AUGUST 27, 2019

The STATES Act was introduced in Congress last term and provides that the CSA’s prohibitions on marijuana should not apply to those acting in compliance with state law regarding marijuana business. The ABA’s final proposal calls on Congress to actively facilitate research into marijuana.

Research and Development 100

Research and Development Legislation Banking Compliance 100

The Blunt Truth

OCTOBER 29, 2019

Plus, the USDA just issued an interim rule for hemp production. USDA Issues Proposed Rule for Hemp Production. The 2018 Farm Bill, which federally legalized hemp (formerly a Schedule I drug like its close cousin, marijuana), opened the gates for mass hemp production—well, almost. those with THC levels above 0.3%).

Hemp 45

Hemp Legislation CBD Research and Development 45

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

JANUARY 21, 2022

20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3

Supply Chain 52

Supply Chain Compliance Compliance Banking 52

Cannabis Law Report

SEPTEMBER 23, 2019

The Charles Gazette-Mail report… State Treasurer John Perdue is hiring an attorney to assist with his office’s handling of banking services for West Virginia’s medical cannabis program, a show of escalating tension with the district’s federal prosecutor. He brought civil action against hemp farms. However, the U.S.

Programs 55

Programs Banking Business Law 55

Cannabis Law Report

NOVEMBER 6, 2021

Before opening a cannabis practice area, it is important to understand the differences between the products that are derived from the cannabis plant family — marijuana and hemp. In the United States, the level of THC defines the difference between agricultural grade hemp and marijuana, Velazquez said. “In 2018, the U.S.

Banking 52

Banking THC Hemp Cannabis 52

Cannabis Law Report

FEBRUARY 5, 2019

Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Party leaders are also laying the groundwork to vote on a marijuana banking bill soon, Marijuana Moment has learned. Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Mississippi lawmakers reject move to let farmers grow hemp.

Digestion 53

Digestion Banking Hemp Retail 53

Cannabis Law Report

NOVEMBER 7, 2019

Colorado has long been regarded one of the the US’s better state markets for efficient compliance and good regulatory management by state and local authorities. Attorney Brand had an equity interest in a Loveland, Colorado hemp farm, called Space Cowboys before he became Folium’s general counsel. Teri Buhl reports.

Hemp 104

Hemp Research and Development Banking CBD 104

Cannabis Law Report

JUNE 28, 2022

The commercial regulated cannabis industry, which includes both industrial hemp and marijuana, is in its infancy. No one really knows whether the substance Griner was caught with was a derivative of hemp or marijuana. There is tremendous confusion about hemp-derived products, such as CBD, and whether they are legal.

Legalization 52

Legalization Supply Chain Hemp Cannabis 52

Cannabis Law Report

DECEMBER 23, 2019

It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. We also started 2019 with the legalization of hemp and the journey to develop what that means for CBD companies and consumers alike. | Dec 20, 2019 .

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

JUNE 5, 2019

With worldwide legal cannabis spending at more than $12 billion in 2018 and projected to grow to almost $17 billion in 2019, now more than ever cannabis industry businesses need good, sound, experienced legal advice,” said Sheppard Mullin partner Whitney Hodges, leader of the firm’s Cannabis Industry Team. Co Team Leaders are.

Compliance 55

Compliance Compliance Banking Business 55

Cannabis Law Report

AUGUST 24, 2019

On September 10, 2018, Katerina Eva Matsa and Elisha Shearer published a Pew Research Center viewpoint on use of social media News Use Across Social Media Platforms 2018. BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019. ” BANKING: The setbacks? .

Banking 49

Banking Marijuana Media Patients 49

Cannabis Law Report

DECEMBER 21, 2019

Brett Lacey, CS Fire Marshall, confirmed for Cannabis Law Report that his staff had tried to serve Shan a summons for a criminal misdemeanor for continuing to extract THC from their industrial hemp when under the C&D order but Shan dodged the summons for a year and the statute of limitations subsequently ran out. 3% or less of THC.

Hemp 94

Hemp Seed-To-Sale Extraction THC 94

Cannabis Law Report

MARCH 26, 2019

On December 20, 2018, President Donald Trump signed the 2018 Farm Bill into law. This cleared the pathway for the outright legality of industrial hemp; meaning that it should no longer be considered a controlled substance. How does one navigate these choppy waters in a global industrial hemp economy? With the U.S.

Banking 59

Banking Hemp Events Law 59

WeedAdvisor

AUGUST 31, 2019

supplement companies helped dominate the market by using industrial hemp to source their CBD. until December of 2018, it did not discourage companies from pulling the same stunt across the ocean. European nations are fine with hemp-based CBD, as long as the THC levels remain within legal limits – in this case, 0.2%.

CBD 45

CBD Compliance Compliance THC 45

Otherside Farms

SEPTEMBER 17, 2019

It’s Impossible to Bank in the Weed Industry. Curious about why it’s impossible to bank in the weed industry? The answer is simple: Many credit card companies and banks are afraid to give accounts to people in the marijuana business. On the bright side, the U.S. Weed Is Decriminalized in 15 States. The craziest part?

Law 64

Law Marijuana Banking Decriminalization 64

Cannabis Law Report

JUNE 26, 2022

There also exist certain requirements to demonstrate compliance with the Regulations. To remain in compliance with the Act and its Regulations, IHEs must provide an annual notification to students and employees of certain information related to the Act. 14 The Farm Bill removed low-THC hemp, which contains 0.3%

Research and Development 52

Research and Development Education Programs Policy 52

Canna Law Blog

NOVEMBER 16, 2021

This includes bills on banking (see the SAFE Banking Act , which has passed the House no less than five times) and overall federal legalization (see the MORE Act as well as its sister Senate legislation, the Cannabis Administration Opportunity Act (“CAOA”)). State prohibition is OK.

DEA 91

DEA Business Banking Food 91

Cannabis Law Report

JUNE 9, 2021

The hint of undisclosed promotions that influenced the price of Majesco stock was first reported by journalist Chris Carey at Sharesleuth.com in 2018. Because the company was NASDAQ listed independence rules are important to keeping the company in compliance with a NASDAQ listing. Groussman before he ate too much Pizza.

Banking 82

Banking Compliance Compliance Dispensary 82

Cannabis Law Report

DECEMBER 26, 2021

In 2018, he was elected to the board of the Prague 2 municipal district, and he serves as an advisor on the Prague City Council’s Commission for Drug Policy. Veverka says he first became interested in cannabis at the age of 16 in 1992, when he read Jack Herer’s hemp manifesto The Emperor Wears No Clothes.

CBD 52

CBD Cultivation Advocacy Cannabis 52

SpeedWeed

MARCH 7, 2021

We also speak with Colton Griffin, CEO of Flourish Software , a seed-to-sale software solution for the cannabis and hemp industries. Announcer : This is the Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault. Hemp is just in its infancy right now.

Seed-To-Sale 52

Seed-To-Sale Supply Chain Hemp Data 52

Cannabis Law Report

OCTOBER 17, 2019

Plants with a level of THC content low enough that they are considered non-intoxicating—with the specific definitions varying depending on the jurisdiction—are classified as industrial hemp. Hemp’s fibers, seeds, and flowers can be used to make paper, textiles, construction materials, rope, hemp seeds and hemp seed oils, and much more.

Law 40

Law Seed-To-Sale Hemp Recreational 40

SpeedWeed

MARCH 7, 2021

We also speak with Bill Owens and Todd Mock from Samson Extracts , a hemp extraction company located in Southeast Alabama. Announcer: This is the Cannacurio podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault. We purchase all of our hemp from a related farm and then process it here.

Extraction 52

Extraction Hemp Data Media 52

Cannabis Law Report

JUNE 25, 2021

On 17 October 2018, the federal government enacted the Cannabis Act, which resulted in the legalisation of recreational-use cannabis across Canada. These include: the Food and Drugs Act; the Controlled Drugs and Substances Act; the Industrial Hemp Regulations; the Cannabis Exemption Regulations (SOR/2016-231); and. Provincial.

Cannabinoids 91

Cannabinoids Edibles Retail Cannabis 91