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States Have Made Over $15B From Cannabis Tax Revenue Despite Decline

Veriheal

Since the state-legal, adult-use cannabis market began in 2014, a combined total of more than $15 billion has been generated in tax revenue. Far-reaching state programs like alcohol and drug treatment, education, job training, veterans’ service, and reinvestment in communities have been experiencing positive growth.

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Oregon Cannabis: 2019 Legislative Session Update

Canna Law Blog

Back on March 1, I ran through a legislative forecast and report for Oregon cannabis in 2019. As we move into the home stretch of the 2019 session, each issue has been bandied about: some are close to passage and others have died. Below is a rundown of the state of each topic and some thoughts on the general scene.

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Washington CBD Webinar June 19: Hemp-Derived CBD Locally and Nationwide

Canna Law Blog

On June 19, 2019, at 1:30 PST, the Washington State Bar Association’s Cannabis Law Section will be presenting an online CLE on hemp. We’ll cover a host of topics, but will start with the 2014 Farm Bill, which first allowed for the legal cultivation of industrial hemp for research purposes.

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How Important is the SAFE Banking Act, Anyway?

Canna Law Blog

with bipartisan support since 2019. Hundreds of them already offer services to state-licensed marijuana businesses: these banks are well versed in the old-as-dirt 2014 FINCEN guidance on working with industry. It just won’t pass and it just won’t die. Be careful what you wish for. I don’t mean to be discouraging.

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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered.

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Hawaii’s New Hemp Regulations Could Deter Cultivators

Veriheal

Things began to change in 2014 with the introduction of the Farm Bill , which legalized hemp research programs. David Ige signed an act establishing Hawaii’s Industrial Hemp Pilot Program , which allowed for the cultivation of hemp for the purpose of agricultural and academic research. In July 2016 Hawaii Gov.

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Is Transporting Hemp Really Worth the Risk?

Canna Law Blog

As we wrote back in early 2019, the prohibition on interference ONLY applied to hemp cultivated under the 2018 Farm Bill. To be fair, the USDA did issue an opinion in mid-2019 that stated that states/tribes could not prohibit the interstate transport of hemp produced under the 2014 Farm Bill. appeared first on Harris Bricken.

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