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Washington Q&A: Hemp Processor Registration and Hemp Extract Certification

Cannabis Law Report

On April 16, 2021, Governor Jay Inslee signed Senate Bill 5372 (SB 5372), “An Act relating to hemp processor registration and a hemp extract certification into law.” However, Washington does not allow for the sale of ingestible hemp products (other than hemp seed ingredients) and SB 5372 does not change that.

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Navigating cGMP For Hemp & Cannabis

Cannabis Law Report

Because they are held to consistent standards and must prove compliance with these standards, companies which obtain GMP certifications can often present stronger acquisition targets. Kim Stuck is the founder and CEO of Allay Consulting , a compliance strategy and services provider serving the hemp and cannabis industries nationwide.

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National Credit Union Administration Issues Statement About Serving Hemp Businesses

The Blunt Truth

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. First , as of December 20, 2018, hemp is no longer designated as a federally controlled substance.

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Hemp CBD Across State Lines: North Carolina

Canna Law Blog

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. Apparently, that’s how the state wants to continue to operate.

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ICYMI: The New FinCEN Hemp Banking Guidance

Canna Law Blog

Last week, the Financial Crimes Enforcement Network (FinCEN), issued new guidance (the “FinCEN Guidance”) for financial institutions working with hemp-related businesses. The FinCEN Guidance clarifies and expands upon the 2019 statement. ” No surprises there. .” ” No surprises there.

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Weekly Legislative Roundup 2/22

NORML

Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations. Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. Your Highness, Carly.

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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. But still, many financial institutions have been hestitant when it comes to servicing hemp clients.

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