Canna Law Blog

SEPTEMBER 26, 2019

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.

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Hemp Law CBD Banking 86

The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). In the world of hemp, marijuana’s straight-arrow cousin, the Department of Agriculture released guidelines for importing hemp seeds.

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Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

APRIL 1, 2022

Following last week’s report that licensed alcohol retailers in Pennsylvania are being denied licenses to sell CBD, we sent a letter to the Pennsylvania Liquor Control Board and Department of Agriculture to urge them to reverse their new policy.

Hemp 52

Hemp Banking THC Policy 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 legislative support, coupled with our rich legacy as an agricultural powerhouse, primes Thailand as a leader in the cannabis space.”. In 2020, 8.6%

Legislation 52

Legislation Agriculture Research and Development Banking 52

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

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

AUGUST 9, 2021

A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. Department of Agriculture. Agri Pulse.

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Hemp CBD Legalization Edibles 105

NORML

JANUARY 19, 2020

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. NJ resident? New Mexico.

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Legislation Decriminalization Access Patients 245

Canna Law Blog

JANUARY 29, 2019

In December 2018, Congress passed the Agricultural Improvement Act of 2018 (better known as the “ Farm Bill ”). Among other things, the passage of the bill removed industrial hemp from the federal Controlled Substances Act, allowing legal production of the crop. Despite this landmark legislation, pitfalls still lay on the path ahead.

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Hemp CBD Topical Food 92

NORML

JUNE 19, 2020

Farming is a risky business in the best of times, and a stretch of bad weather or the occurrence of floods, hurricanes and other natural disasters can easily force a family farmer into bankruptcy or force them to sell their farm to corporate agriculture. Neil Young and Willie Nelson meeting with members of the Senate Agriculture Committee.

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Marijuana Agriculture Legalization Advocacy 283

Canna Law Blog

JANUARY 11, 2020

The international market is taking form and access to banking services is expanding. First by the European Union, whose Common Agricultural Policy caps THC concentrations at 0.2 And for good reason: the recreational market is expanding. Hemp is legal. CBD and other cannabinoids are fast becoming (if not already) household names.

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THC Hemp Supply Chain Concentrates 103

NORML

FEBRUARY 22, 2019

Legislation is pending, House Bill 2980, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses. Click here to email your lawmakers in support of banking access. IL resident?

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Legislation Hemp Compliance Compliance 179

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. All expressed concerns regarding testing procedures, interstate transportation of the crop, access to banking, and guidance from the Food and Drug Administration (“FDA”).

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Hemp Supply Chain Agriculture Banking 70

Canna Law Blog

FEBRUARY 20, 2019

Congress passed the Agricultural Improvement Act of 2018 (better known as the “ Farm Bill ”) in December 2018 which removed hemp from the federal Controlled Substances Act. This further resulted in hemp-based cannabidiol or “hemp-CBD” legalization. the Food and Drug Administration’s role in hemp-CBD.

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Hemp CBD Topical Food 68

NORML

MARCH 8, 2019

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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Legislation Patients Access Seed-To-Sale 170

Cannabis Law Report

MARCH 13, 2019

tax code; banking procedures; accounting policies and procedures; licensing; operating policies; outsourced accounting; referrals to ancillary service providers; and general business consulting. Will Banks get a Hit of the Cannabis Industry? Home » Blogs » Will Banks get a Hit of the Cannabis Industry?

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Hemp Business Banking Concentrates 71

CannaMD

APRIL 15, 2020

The National Organization for the Reform of Marijuana Laws (NORML) has issued marijuana policy guidance for lawmakers during the coronavirus (COVID-19) crisis, along with a statement regarding the designation of medical cannabis facilities as “essential.” NORML: COVID-19 Memo to Lawmakers.

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Policy Patients Dispensary Banking 55

MMJ Recs

MARCH 16, 2024

The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions. Policy decisions related to taxation, zoning, and advertising also impact the industry’s operations and growth trajectory.

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Supply Chain Research and Development Marijuana Seed-To-Sale 105

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Senate Bill 45 would make this policy consistent for juvenile offenders. Click here to email your lawmakers in support of banking access. DE resident? IL resident? IL resident? KS resident? MN resident?

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Legislation Hemp Patients Compliance 136

SpeedWeed

APRIL 24, 2021

With 21 existing cultivation centers, the state has taken the approach to ensure this cash crop leads the way toward earth-friendly industrial agriculture. CS : The Department of Agriculture had a tight timeline for the environmental regulations for H.B.

Environment 52

Environment Agriculture Seed-To-Sale Legislation 52

Cannabis Law Report

JUNE 26, 2019

In May 2019, Florida Commissioner of Agriculture Nikki Fried announced that a newly-created and appointed Medical Marijuana Advisory Committee of 18 doctors, lawyers, patients, industry leaders, and advocates will be implemented in order to “advance and modernize policies” to move Florida into the future of medical marijuana.

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Marijuana Agriculture Research and Development Education 65

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. HI resident?

Legislation 162

Legislation Hemp Compliance Compliance 162

NORML

MAY 31, 2019

Legislation is pending, House Bill 2980 / Senate Bill 2023, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses. Click here to email your lawmakers in support of banking access.

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Legislation Access Banking Hemp 110

Canna Law Blog

SEPTEMBER 21, 2022

Among the problems marijuana businesses face such as lack of access to banking and onerous taxation stemming from IRC 280E is the lack of access to bankruptcy proceedings. After receiving its license, the company additional funding from investors to purchase agricultural and security products. Chapter 7 Bankruptcy.

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Marijuana Business Access Decriminalization 66

Cannabis Law Report

MARCH 10, 2022

Department of Agriculture (“USDA”), served as the keynote speaker at the opening of the conference. The USDA is keenly aware of the need for more data from the industry to develop more specific, data-driven policies in the future. USDA’s Commitment to Hemp. William “Bill” Richmond, Chief of the U.S.

Hemp 52

Hemp Research and Development Supply Chain Data 52

SpeedWeed

MARCH 10, 2021

Every city, town, and municipality in the country has its own unique set of policies. Understanding the policy ecosystem is critical to how you will conduct operations, apply for a license, and of course, where you open your business. . Some progress has been made with the SAFE Banking Act , however, more work needs to be done.

Business 52

Business Banking Seed-To-Sale Research and Development 52

Cannabis Law Report

JUNE 23, 2022

I am gratified to see so many prominent leaders joining these efforts and look forward to continuing to work Governor Hochul and the Office of Cannabis Management to ensure real opportunities for those impacted by past failed drug policies, and to reinvest in communities most impacted by those policies.”.

Seed-To-Sale 52

Seed-To-Sale Programs Retail Dispensary 52

SpeedWeed

FEBRUARY 20, 2021

The value of hiring a professional lobbyist compared to the price you pay for bad policy. The saying, “If you’re not at the table, you’re on the menu,” comes to mind when I reflect on the evolution of cannabis policy in Washington. The value of having a background in agriculture as a cultivator. .

Agriculture 52

Agriculture Business Cannabis Policy 52

SpeedWeed

FEBRUARY 20, 2021

The value of hiring a professional lobbyist compared to the price you pay for bad policy. The saying, “If you’re not at the table, you’re on the menu,” comes to mind when I reflect on the evolution of cannabis policy in Washington. The value of having a background in agriculture as a cultivator. .

Business 52

Business Dispensary Hemp Agriculture 52

Otherside Farms

FEBRUARY 14, 2019

That is, banks can now get involved, and if the banks get involved, the credit card companies can get involved, and if that happens, the big retailers will want part of that market like Target and Wal-Mart, “Sean explained. “This bill is very important because there will be a domino effect.

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CBD Legalization Hemp Chronic Pain 65

Cannabis Law Report

JULY 4, 2019

Cummins : Because cannabis is still illegal at the federal level in the United States, many cannabis companies cannot open bank accounts and are looking to Canadian Banks to open bank accounts and to the Canadian public markets to raise capital to expand operations, introduce product lines and make acquisitions.

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Law Banking Seed-To-Sale Cannabis 40

Cannabis Law Report

JUNE 28, 2022

For example, the incarceration of Brittney Griner in Russia is either an example of the country’s heavy-handed diplomatic policies or, more likely, a high-profile cautionary tale of an individual who possessed a cannabis derivative while traveling. Recently, California considered a bill that would allow interstate cannabis sales.

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Legalization Supply Chain Hemp Cannabis 52

Cannabis Law Report

DECEMBER 23, 2019

However, instead of applying for a city/county license and then a state license, as done for cannabis cultivation, hemp cultivars only register with the county agricultural commissioner in the county that they intend to cultivate. November 2019 -USDA issued interim final hemp production regulations. .

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Law Banking Hemp Retail 59

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.

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Hemp Business Cultivation Banking 69

Canna Law Blog

OCTOBER 9, 2020

That said, most states where processing is allowed mandate that processors secure a license from their state Department of Agriculture and comply with a wide range of regulations, including but not limited to testing and record keeping requirements. Most banks still seem to be on the sidelines and fees are DOUBLE for CBD retailers.

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Hemp CBD Research and Development THC 53

Cannabis Law Report

JULY 7, 2021

Central Coast Agriculture Inc. The Toronto-Dominion Bank. Agricultural products. Agricultural products. Despite the no-go policy, applicants have continued to file for protection at the federal level, as seen in Figure 2. HDDC Holdings LLC. Balanced Health Botanicals LLC. Holi Hemp LLC. Naz Holdings LLC.

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Oil Agriculture Cannabis Food 71

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. 14 The Farm Bill removed low-THC hemp, which contains 0.3%

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Research and Development Education Programs Policy 52

Cannabis Law Report

NOVEMBER 15, 2021

Rarely can you visit the banks of the Ganga without coming across a sadhu and his chillum , a conical smoking pipe made of clay. As a Holi staple, thandai is made by boiling a mixture of milk, sugar, cannabis, poppy seeds, pepper, ginger, cloves, cardamom, almonds, pistachios, nutmeg, and rosebuds.

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Law Seed-To-Sale Consumption Cannabis 52