Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Farmers across the country have started growing hemp under the 2014 farm bill while the regulations for the 2018 farm bill are sorted out by the USDA and state departments of agriculture. PUBLISHER: CANNABIS LAW REPORT. THC when it is harvested and tested? .

Banking 45

Banking Hemp Business Agriculture 45

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

Banking 40

Banking Hemp Marijuana Events 40

Cannabis Law Report

SEPTEMBER 24, 2019

21 State Attorneys General Urge Congress Protect State Marijuana Programs From Federal Interference. AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. 1028) or similar measures that would allow legal cannabis-related businesses to access the banking system. September 23, 2019.

Programs 59

Programs Banking Marijuana Access 59

Cannabis Law Report

JANUARY 28, 2019

Vote Hemp Releases 2018 U.S. WASHINGTON, DC —Vote Hemp, the nation’s leading grassroots hemp advocacy organization, has released its 2018 U.S. To view the complete 2018 U.S. The number of acres of hemp grown across 23 states totaled 78,176 in 2018—more than triple the number of acres from the previous year.

Hemp 40

Hemp Cultivation Legislation Digestion 40

Cannabis Law Report

OCTOBER 26, 2019

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. History of Marijuana Regulation and Banking Implications. businesses.

Banking 45

Banking Safety Business History 45

The Blunt Truth

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 78

Hemp Business Compliance Compliance 78

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. percent on a dry weight basis.” The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

Cannabis Law Report

AUGUST 12, 2021

AUGUSTA – Today, the Office of Marijuana Policy announced the introduction of new applications intended to assist business owners operating within the State of Maine’s Medical Use of Marijuana Program. This milestone marks the first time in the medical program’s history that applications have been available electronically.

Marijuana 105

Marijuana Dispensary Programs Retail 105

Cannabis Law Report

JULY 16, 2021

The 14-member board is now fully staffed and ready to oversee the state’s forthcoming medical cannabis program. The Alabama Medical Cannabis Commission received its final appointments this week, and the 14-member board is now fully staffed and ready to oversee the state’s forthcoming medical cannabis program. Kay Ivey, Lt.

Chronic Pain 105

Chronic Pain Epilepsy Programs Therapy 105

SpeedWeed

FEBRUARY 19, 2021

Rescinded in 2018 by former U.S. Attorney General Jeff Sessions, the Cole Memo provided protections from federal enforcement for state-legal cannabis programs or providing those protections through other means. Facilitating access to banking and other traditional financial services. Standardized laboratory testing industrywide.

Research and Development 52

Research and Development Marijuana Banking Policy 52

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. By Tonya M. Esposito & Renee B. Appel on September 10, 2019.

Hemp 45

Hemp Business Compliance Compliance 45

NORML

JANUARY 2, 2019

With a new year on the horizon, members of Nevada and Las Vegas NORML wanted to take time to shine light on 18 of our most memorable moments from 2018. (It January 2018: Protested Jeff Sessions. February 2018: Dr. Dabber became a sponsor. January – March 2018: Partnering with Harrison House.

Education 107

Education Media History Advocacy 107

Cannabis Law Report

JUNE 16, 2022

According to figures published in the DEA’s Domestic Cannabis Eradication/Suppression Program Statistical Report, agents and their partners confiscated approximately 5.53 million plants via its domestic eradication program. Federal law enforcement agents and their partners seized over 5.5 million plants were confiscated).

DEA 52

DEA Marijuana Programs Data 52

SpeedWeed

FEBRUARY 19, 2021

Cuomo today announced 30-day amendments to the Governor’s proposal to establish a comprehensive adult-use cannabis program in New York. The grants from this program may also be used to further support the social and economic equity program. ALBANY, New York, Feb. 17, 2020 – PRESS RELEASE – Governor Andrew M.

Programs 40

Programs Legislation Decriminalization Safety 40

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 US Department of Agriculture (USDA) has even taken several steps to sync the market with its various programs and services. A recent memo provides clarity for lenders.

Hemp 52

Hemp Agriculture Banking Access 52

The Blunt Truth

DECEMBER 5, 2019

And in Wisconsin , Governor Tony Evers signed legislation making the state’s pilot hemp program permanent. Also, its rules now align with the 2018 farm bill. In banking news, the Federal Reserve released guidance this week allowing banks to work with the hemp industry.

Chronic Pain 61

Chronic Pain Decriminalization Banking Hemp 61

Veriheal

FEBRUARY 18, 2021

California is spending the money on infrastructure, and on social programs whose overall goal is to benefit all its citizens. Do note that c annabis is legal for both medical and recreational use in these states, which is part of the reason they’ve been able to use the income to put together such strong and useful programs.

Programs 98

Programs Recreational Legalization Cannabis 98

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. Under the program, crops are limited to ten cuerdas (9.71

Hemp 54

Hemp CBD Agriculture Cultivation 54

The Blunt Truth

JUNE 13, 2022

The US Court of Appeals for the Ninth Circuit affirmed a lower court ruling holding that delta-8 THC is a legal hemp product under the 2018 Farm Bill and not marijuana or a synthetic cannabinoid. The New York Cannabis Control Board approved the filing of new regulations for the state medical marijuana program. May 19, 2022.

Law 111

Law Marijuana Legislation Retail 111

Greenspoon Marder Cannabis Law Group Blog

MARCH 14, 2019

On March 13, 2019, the United States Department of Agriculture (“USDA”) Specialty Crops Program held the first planned listening webinar to solicit public comment on the implementation of the 2018 Farm Bill as it pertains to hemp. By: Nabil Rodriguez* and Kristen Morris.

Hemp 64

Hemp Agriculture Programs Banking 64

Cannabis Law Report

SEPTEMBER 16, 2022

The region has been instrumental in highly regulated industries, such as alcohol and tobacco, and the only federally sanctioned cannabis grow program has operated at the University of Mississippi since the 1960s. Although several Southern states have enacted medical cannabis programs, no states have embraced recreational use of cannabis.

Law 52

Law Programs Cultivation Dispensary 52

Cannabis Law Report

OCTOBER 4, 2021

Challenges to Diversity and Equity (includes data application and licensing fees, start up costs, net worth by race, banking, drug related arrests, etc). It is encouraging, however, to see new markets wanting to improve upon the programs that came before and older markets attempting to fill the gaps that still exist.”. .

Data 52

Data Programs Business Banking 52

Cannabis Law Report

OCTOBER 20, 2021

“Pelorus intends to use the net proceeds from the increased offering to continue to be the best-in-class non-bank real estate lending solution for cannabis owners and operators across their companies’ life cycles,” said Travis Goad, managing partner of Pelorus Equity Group.

Banking 52

Banking Programs Business Cannabis 52

Cannabis Law Report

JANUARY 11, 2019

Thanks to the 2014 Farm Bill, pilot programs in dozens of states have demonstrated the crop’s durability and its extraordinary economic opportunity. Collaboration on programs such as crop and health insurance, state check-off programs, and banking programs. Grown by iconic U.S.

Hemp 45

Hemp Advocacy Programs Banking 45

Cannabis Law Report

JUNE 24, 2019

Illinois is the 11th state to legalize marijuana and the second midwestern state to do so, following legalization approved by Michigan voters in 2018. Vermont (2018). Michigan (2018). In 2018 Vermont lawmakers made it legal for adults to grow, possess and consume marijuana but have yet to allow for commercial sales.

Legalization 40

Legalization Recreational Programs Banking 40

Cannabis Law Report

FEBRUARY 6, 2019

Thanks to the 2014 Farm Bill, pilot programs in dozens of states have demonstrated the crop’s durability and its extraordinary economic opportunity. The USHFA primary mission will include: Development of a crop insurance program for the entire hemp farming industry. Grown by iconic U.S. We need YOU in our Alliance. .

Hemp 40

Hemp Programs Banking Agriculture 40

Cannabis Law Report

JUNE 26, 2022

Bush’s national drug control strategy, Congress passed legislation to require schools, colleges and universities to implement and enforce drug and alcohol prevention programs and policies as a condition of eligibility to receive federal funds and assistance. 4 In response to President George H.W. Certification Requirements.

Research and Development 52

Research and Development Education Programs Policy 52

The Blunt Truth

JANUARY 24, 2019

Arizona’s medical marijuana sales jumped a whopping 41% in 2018 – sales are estimated to have been $400 million. Regular readers will doubtless recall that Arkansas’ medical marijuana program was off to a sluggish start. Not chump change by anyone’s standards. Meanwhile, in the U.S.

Environment 40

Environment Banking Safety Dispensary 40

Greenspoon Marder Cannabis Law Group Blog

APRIL 20, 2019

Most recently, the 2018 Farm Bill legalized a species of cannabis (hemp) at the federal level. In the meantime, we can at least get closer to the end goal by passing the SAFE Banking Act (H.R. 1595) which would expand financial bank services to legitimate cannabis businesses. 33 states, the District of Columbia and the U.S.

Hemp 40

Hemp Banking Education Legalization 40

Cannabis Law Report

JUNE 13, 2022

The US Court of Appeals for the Ninth Circuit affirmed a lower court ruling holding that delta-8 THC is a legal hemp product under the 2018 Farm Bill and not marijuana or a synthetic cannabinoid. The New York Cannabis Control Board approved the filing of new regulations for the state medical marijuana program. May 19, 2022.

Law 52

Law Marijuana Legislation Retail 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. In Africa three countries — Lesotho, South Africa and Zimbabwe — have cannabis development programs. In regulated markets, U.S. 40B in sales by 2024. US leads the way. billion by 2024. Companies in the U.S.

Research and Development 40

Research and Development Banking Pharmaceutical Cannabinoids 40

The Blunt Truth

FEBRUARY 14, 2019

Possibly the biggest news this week was the first ever Congressional hearing on cannabis banking. Colorado is looking at $6 billion in sales in 2018, and Oklahoma ‘s medical marijuana program saw over $4 million in January 2019. ” Kamala Harris (D-CA) has indicated that she is in favor of legalization.

Banking 40

Banking Decriminalization Consumption State Laws 40

Cannabis Law Report

JULY 7, 2021

Canada legalised recreational use of the drug in 2018 and to date 16 US states have fully legalised marijuana use (36 allow it for medical purposes). The Cannabis Act was implemented in Canada in October 2018. Filings crept up in 2018 and 2019 but fell in 2020 in line with the industry-wide drop in activity. Source: [link].

Oil 71

Oil Agriculture Cannabis Food 71

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. That is changing.

Hemp 69

Hemp Business Cultivation Banking 69

MMJ Recs

JANUARY 27, 2020

Since Oklahoma legalized medical marijuana (MMJ) back in August 2018, the state has quickly become home to one of the largest populations of MMJ users in the entire country. These numbers also reflect that Oklahoma has the biggest MMJ program throughout the whole U.S.

Marijuana 52

Marijuana Seed-To-Sale Banking Dispensary 52

The Blunt Truth

OCTOBER 29, 2019

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. The FDA already has several programs in place researching and monitoring the use of nanotechnology in FDA products. USDA Issues Proposed Rule for Hemp Production.

Hemp 45

Hemp Legislation CBD Research and Development 45

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