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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.

Banking 72
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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 1/18/20

NORML

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. IN resident? NH resident? NH resident?

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FDA to Clear a Path Within Four Months To Lawfully Market Hemp-Derived CBD Products

Canna Law Blog

Moreover, the lawmakers are hoping that regulatory certainty will provide stakeholders access to banking services and open up new economic opportunities for the industry while at the same time protect consumers. The spending reports mandates the FDA to clear a path for the lawful marketing of these products within 120 days.

Hemp 86
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National Credit Union Administration (NCUA) Critcizes Congress On Their Tardiness On Reforming Cannabis Laws.”The bottom line is this: Legalization in some form is going to happen, and the abdication of responsibility to address these issues in Washington is simply ludicrous.”

Cannabis Law Report

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. He also said that he feels legalization at the federal level is an inevitability. Here’s his full presentation.

Banking 89
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Weekly Legislative Roundup 3/8/19

NORML

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. AR resident?

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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.