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Industrial Hemp and the Banks: Slow Going

Canna Law Blog

Since late December, we’ve had many clients come to us with frustrations about the ongoing lack of access post-Farm Bill, and questions about how things will play out in 2019. We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. Stay tuned.

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The CLIMB Act: Is Federal Cannabis Business Reform Coming?

Veriheal

banking and insurance). The “cannabis tax” is most significantly seen as it relates to banking and financing, and insurance coverage. Companies functioning within state legality face severe banking restrictions due to federal regulations. The proposed legislation, H.R.

Business 138
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Even AI knows why IL cannabis prices are too high

Illinois News Joint

The Illinois Department of Agriculture has only issued 21 cultivation licenses for the entire state, which has led to a shortage of cannabis products and a lack of competition among cultivators. One of the main reasons for the high cost of cannabis in Illinois is the limited number of cultivator licenses that have been issued by the state.

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The Bahamas’ Cannabis Legalization Bill for Medical and Religious Use

Veriheal

The Cannabis Authority consists of nine people, who represent “a faith-based organization, civil society, and one person each from the fields of banking, law, agriculture, scientific research, pharmacy, and medicine.” A new regulatory body, the Cannabis Authority, has the task of monitoring all these legislative proposals.

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Florida Agriculture Commissioner Announces State Medical Marijuana Advisory Committee

Cannabis Law Report

Agriculture Commissioner Nikki Fried announced Monday a new Medical Marijuana Advisory Committee, which she says will collaborate with the Florida Department of Agriculture and Consumer Services to help improve the state’s medical marijuana policies. Here are the details care of Sunshine State News.

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Weekly Legislative Roundup 2/22

NORML

Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. Click here to email your lawmakers in support of access in healthcare facilities. Click here to email your lawmakers in support of banking access. California.

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The USDA Releases Guidelines for Federal Loans for the Hemp Industry

Veriheal

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