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Industrial Hemp and the Banks: Slow Going

Canna Law Blog

For example, although hemp is no longer a controlled substance under the CSA, the Farm Bill reserves certification rights to the Department of Agriculture over state and tribal industrial hemp production “plans.” A few of these clients are relatively nimble and bold, but at the end of the day they are still banks. Stay tuned.

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Oregon Cannabis Legislative Preview: Producer Moratorium, Equity, State Banking and More

Cannabis Law Report

HB 4016 authorizes the Oregon Liquor and Cannabis Commission (OLCC) and Oregon State Department of Agriculture (ODA) to unilaterally issue moratoriums on the issuance of new marijuana and hemp producer licenses. This bill arose from the ashes of Oregon’s failed attempt in 2021 to create a cannabis equity program ( HB 3112 (2021) ).

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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. Source: [link].

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Credit Unions and Hemp: New Federal Guidance is Here!

Canna Law Blog

At issue is the impact that hemp businesses banking may have on credit union obligations under the Bank Secrecy Act and implementing regulations, sometimes known as anti-money laundering legal authority (“AML”). Thus, federally-chartered credit unions would look to NCUA, not CUNA, for guidance on hemp banking.

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Louisiana Lawmakers Advance Three Marijuana Reform Bills In One Day, Including Cannabis Banking

SMPL

Louisiana lawmakers advanced three marijuana reform bills on Wednesday, and that includes legislation that would dramatically expand the state’s medical cannabis program and offer protections for banks that service marijuana businesses. Another bill introduced by Rep.

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Weekly Legislative Roundup 6/21/19

NORML

Legislation is pending, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs. CA resident?

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Weekly Legislative Roundup 4/5/19

NORML

Legislation has been reintroduced from last year, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs.