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Navigating cGMP For Hemp & Cannabis

Cannabis Law Report

Because they are held to consistent standards and must prove compliance with these standards, companies which obtain GMP certifications can often present stronger acquisition targets. Kim Stuck is the founder and CEO of Allay Consulting , a compliance strategy and services provider serving the hemp and cannabis industries nationwide.

Hemp 76
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Federal agencies clarify SAR filing requirements for financial services provided to hemp-related businesses

Cannabis Law Report

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. state and federal regulation of marijuana. JD Supra Release. Background.

Hemp 59
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Now They’ve Succeeded In Oregon It’s Time To Introduce The Idea To DC, Here Comes The State Cannabis Commerce Act

Cannabis Law Report

Senator Ron Wyden and Congressman Earl Blumenauer have introduced legislation to allow for interstate commerce when it comes to state-legal cannabis programs. Senator Ron Wyden and Congressman Earl Blumenauer introduced legislation to allow for interstate commerce when it comes to state-legal cannabis programs.

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ICYMI: The New FinCEN Hemp Banking Guidance

Canna Law Blog

Last December, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, FinCEN and the Office of the Comptroller of the Currency, in consultation with the Conference of State Bank Supervisors, issued a three-page hemp banking statement. The FinCEN Guidance clarifies and expands upon the 2019 statement.

Banking 55
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Cannabis Banking Today

Canna Law Blog

My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. MRB defined The term “MRB” is used pervasively in cannabis banking, yet this term is not defined in the moldering 2014 Financial Crimes Enforcement Network “FinCEN” Guidance. That’s banking.

Banking 83
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FDA CBD Regulations Are On the Way (Sorta)

Canna Law Blog

Until recently, CBD resided in a legal penumbra where hemp was still scheduled on the federal Controlled Substances Act and could not be cultivated without a permit from the Drug Enforcement Administration (“DEA”). Now though, it sounds like FDA is serious about CBD regulations in the context of both food and supplements.

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Claim & Counterclaim In British Columbia Supreme Court Over Cannabis Company Loan Repayments

Cannabis Law Report

The Company alleges that the terms of the Agreement include, amongst others, a repayment of the $1,000,000 loan by transferring $100,000 to Veritas and by assigning its interest in the asset purchase agreement to acquire a marijuana production operation in Washington State. ABOUT LIHT CANNABIS CORP. Liht Cannabis Corp.