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

The Joint Blog

DECEMBER 10, 2019

On Tuesday a coalition of federal agencies released a joint statement noting that financial institutions including banks and credit unions may work with individuals and businesses involved in the hemp industry. “This statement provides banks with background information on the legal status of hemp, the U.S.

Banking 34

Banking Hemp Agriculture Business 34

Canna Law Blog

JANUARY 11, 2020

We are heading into the first decade of scaled commercial hemp production in the United States since the 1920s. Hemp is legal. The international market is taking form and access to banking services is expanding. But the USDA’s interim rules governing the production of hemp threaten significantly this economic juggernaut.

THC 106

THC Hemp Supply Chain Concentrates 106

Canna Law Blog

MARCH 15, 2020

The Agriculture Improvement Act of 2018 ( 2018 Farm Bill ) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (CSA) and by providing a detailed framework for the cultivation of hemp. Today we turn to Puerto Rico.

Hemp 54

Hemp CBD Agriculture Cultivation 54

Medicinal Genomics

NOVEMBER 5, 2019

Last week the USDA issued its much-anticipated interim final rule for hemp manufacturing. While several lawmakers and industry stakeholders celebrated the announcement , not everyone on the cultivation side is so positive. The 2018 Farm Bill also closed a loophole that allowed high THCA plants to meet the 0.3% THC requirement.

THC 81

THC Hemp DEA Banking 81

Canna Law Blog

MARCH 22, 2019

Department of Agriculture (“USDA”) held a public meeting during which hemp stakeholders shared their opinion on the promulgation of rules to regulate the crop. Specifically, the federal agency is to review and approve “plans” submitted by states and Indian tribes that choose to hold primary regulatory authority over hemp.

Hemp 70

Hemp Supply Chain Agriculture Banking 70

Veriheal

JUNE 17, 2020

Since hemp was federally legalized under the 2018 Farm Bill, it is now considered an agricultural commodity like any other crop. The department’s new memo, released early April 2020 to state and county offices provides clarity on how to process direct or guaranteed loan applications for hemp producers.

Hemp 52

Hemp Agriculture Banking Access 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

Canna Law Blog

MAY 22, 2022

This post covers the SAFE Banking Act, the Medical Marijuana Research Act, the Cannabidiol and Marihuana Research Expansion Act, and the Hemp Advancement Act. SAFE Banking Act. Representative Ed Perlmutter (D-CO) introduced the SAFE Banking Act in March 2021. Hemp Advancement Act. Medical Marijuana Research Act.

Legislation 78

Legislation Banking Hemp Cannabis 78

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

The Blunt Truth

JUNE 13, 2022

The statute: Legalizes possession of small amounts of marijuana and cultivation of up to three mature and three immature cannabis plants per dwelling for personal use. New York Governor Kathy Hochul signed legislation creating a Conditional Adult-use Cannabis Cultivator License. MDARD will continue to regulate hemp cultivation.

Law 111

Law Marijuana Legislation Retail 111

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

DECEMBER 23, 2019

To kick us off, hemp was legalized at the federal level, and we entered into unchartered territory, navigating uncertain waters of the newest arm of the cannabis industry with a lack of regulation or guidance. Most Temporary Cultivation licenses Expired. Most Temporary Cultivation licenses Expired. Then, in April 2019.

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

JUNE 13, 2022

The statute: Legalizes possession of small amounts of marijuana and cultivation of up to three mature and three immature cannabis plants per dwelling for personal use. New York Governor Kathy Hochul signed legislation creating a Conditional Adult-use Cannabis Cultivator License. MDARD will continue to regulate hemp cultivation.

Law 52

Law Marijuana Legislation Retail 52

Otherside Farms

FEBRUARY 14, 2019

A long time ago, the great country of North America, the United States, was in love with industrial hemp. We all know that, in addition to the candles of Christopher Columbus, the American flag and the papers with which he declared his independence were made with hemp fiber. billion of those sales in hemp-derived CBD products.”.

CBD 65

CBD Legalization Hemp Chronic Pain 65

SpeedWeed

FEBRUARY 20, 2021

Washington’s independent cannabis farmers suffered through several legislative sessions, where bills passed damaged our business prospects before the WSIA held its first Sun Cup competition/fundraiser in 2018 and hired contract lobbyist Bryan McConaughy. The value of having a background in agriculture as a cultivator. .

Business 52

Business Dispensary Hemp Agriculture 52

Cannabis Law Report

MAY 16, 2022

Heidi will focus her practice on representing participants from the broad range of the cannabis industry spanning hemp, CBD, and THC-related businesses, including business owners and operators, investors, banks and financial institutions, insurers, and industry and trade organizations.

Law 52

Law Cannabis CBD Business 52

Cannabis Law Report

APRIL 26, 2022

Known for its harsh anti-drug policies, Thailand became the first country in South East Asia to legalise medical cannabis in 2018, with the legislation passing in February 2019. This is what they are saying. Cannabis looks promising for wellness tourism. In 2020, 8.6%

Legislation 52

Legislation Agriculture Research and Development Banking 52

Cannabis Law Report

NOVEMBER 7, 2019

A press release issued by Folium April 3, 2019 said Dowty had served as a strategic advisor to create Folium Finance, a collection of financial products and services designed as a new means for cannabis start-ups to get banking services from non-traditional banks. Craig Brand, Lawyer. .

Hemp 104

Hemp Research and Development Banking CBD 104

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

JUNE 24, 2019

cannabis sales surged by 20 percent in 2018 and are on track to jump by another 36 percent this year, the report said. cannabinoid market is expected to soar, helped by a number of developments, such as the legalization of hemp via the 2018 Farm Bill. — which includes hemp-derived CBD — will reach $44.8

Research and Development 40

Research and Development Banking Pharmaceutical Cannabinoids 40

Cannabis Law Report

MAY 11, 2022

Sirois structured his operations to appear as though they complied with Maine’s medical marijuana laws while he regularly sold bulk marijuana on the illicit market, including more than $1 million worth of marijuana for out-of-state distribution between 2018 and 2019, according federal prosecutors. Count Five: Bank Fraud (18 U.S.C.

Banking 52

Banking Conditions Law Marijuana 52

Cannabis Law Report

SEPTEMBER 9, 2021

American slaves and sharecroppers cultivated and tended to cannabis farms. As new products gained popularity and imports were preferred by the rich, the production of hemp slowed down. Cotton plantation owners promoted cotton products, and society began to look at hemp clothing as inferior (Green, 2005). References.

Policy 105

Policy Research and Development Collective Banking 105

The Joint Blog

FEBRUARY 24, 2022

For example, the House of Representatives passed the HEROES Act in 2020 and presented the act to the SAFE Banking Act and Senate. This act enables banks to grant services to these companies and helps them grow positively. The legalization of cultivation, production, and trade is likely to boost Industry development.

Business 26

Business Research and Development Chronic Pain Policy 26

Cannabis Law Report

AUGUST 17, 2021

NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, is pleased to announce that it has signed a Letter of Intent (the “LOI”) to acquire 100% of Vessel Brand Inc. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp. Garrett earned a B.S.

Events 98

Events Packaging Business Cultivation 98

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

Cannabis Law Report

JANUARY 29, 2020

As new cannabis friendly legislation paved a way for legitimate products related to marijuana their principal business was the development, manufacture and sale of steel shipping containers retrofitted and refurbished for use as hydroponic growing pods, branded as “PharmPods,” for indoor plant cultivation, primarily cannabis.

Banking 97

Banking Cannabis Hydroponic Law 97

Cannabis Law Report

JANUARY 10, 2020

However, the strong growth of marijuana sales and new business entrants began to slow in 2017 and 2018, suggesting the industry may be moving into a more mature stage of development. In the late 1800s, industrial hemp was a common crop, grown predominantly in Kentucky. The State of the Cannabis Industry in the Nation. percent THC.

Banking 59

Banking Marijuana Collective Recreational 59

Cannabis Law Report

MAY 17, 2019

A wildly popular nutritional supplement and food additive, oil based hemp derived products like CBD racked up $1.1 billion in 2018 domestic sales and, after the Agriculture Improvement Act of 2018 (“Farm Bill”) removed them from the Controlled Substance Act, 21 U.S.C. §§ 801, Et. Industrial Hemp and CBD.

Food 10

Food DEA Hemp CBD 10

Cannabis Law Report

FEBRUARY 3, 2022

House Bill 4016 – Mortarium on Cannabis & Hemp Producer Licenses. HB 4016 authorizes the Oregon Liquor and Cannabis Commission (OLCC) and Oregon State Department of Agriculture (ODA) to unilaterally issue moratoriums on the issuance of new marijuana and hemp producer licenses.

Banking 52

Banking Legislation Hemp Programs 52

Canna Law Blog

SEPTEMBER 6, 2020

This Assembly Bill addresses cannabis banking on the state level. California state law doesn’t change or eliminate the Bank Secrecy Act or federal anti-money laundering laws and it definitely doesn’t change the Controlled Substances Act (“CSA”) (which renders cannabis illegal). No hemp CBD bill (again).

Banking 66

Banking Pets Cultivation Cannabis 66

SMPL

JANUARY 2, 2020

In March 2018, Kaya opened in Drax Hall, St. The shop sells t-shirts and toiletries such as hemp soap and deodorant, which are necessities in the 85° heat on typically sunny days. As for the herb itself, Kaya is vertically integrated, with a 5,000-square-foot greenhouse, cultivating 2.5 meters-high trees.

Strains 8

Strains Dispensary Decriminalization Banking 8

The Cannigma

OCTOBER 10, 2021

The following year, Greek lawmakers approved a law to allow the cultivation and processing of medical cannabis with up to 0.2% tetrahydrocannabinol (THC), which was followed in 2021 by the approval of a bill to legalize the cultivation and sale of medical marijuana with more than 0.2% How do Greeks generally view marijuana?

Legalization 88

Legalization Seed-To-Sale Cultivation Patients 88

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

Cannabis Law Report

AUGUST 30, 2019

This week: The National Credit Union Administration affirms that credit unions may provide financial services to hemp businesses. The US Department of Agriculture (USDA) has released new data indicating a substantial increase in the growth of US hemp production. The SAFE Banking Act (H.R.

Banking 45

Banking Research and Development Legislation Programs 45

Sensi Seeds

NOVEMBER 28, 2018

Spain’s cannabis market is a diverse mix of Spanish and foreign-owned companies selling everything from seeds, fertilizer and grow lamps to hemp-infused beers and CBD tinctures, oils, and creams. In August 2018, reports of shops being raided and CBD product confiscated began to circulate on Twitter.

CBD 71

CBD Seed-To-Sale Food Research and Development 71