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National Credit Union Administration Issues Statement About Serving Hemp Businesses

The Blunt Truth

Within its memorandum to members, the NCUA provided: 1) a summary of repercussions generated by the 2018 Farm Bill, 2) specific compliance program concerns with regard to the Bank Secrecy Act (BSA) and Anti-Money Laundering Act (AML), and 3) considerations under existing NCUA regulations for lending.

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USDA Announces Details of Insurance Programs for USA Hemp Producers

Cannabis Law Report

Department of Agriculture (USDA) today announced the availability of two programs that protect hemp producers’ crops from natural disasters. Producers may apply now, and the deadline to sign up for both programs is March 16, 2020. “We Multi-Peril Crop Insurance Pilot Insurance Program. Buy-up coverage is available in some cases.

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National Credit Union Administration Issues Statement About Serving Hemp Businesses

Cannabis Law Report

Within its memorandum to members, the NCUA provided: 1) a summary of repercussions generated by the 2018 Farm Bill, 2) specific compliance program concerns with regard to the Bank Secrecy Act (BSA) and Anti-Money Laundering Act (AML), and 3) considerations under existing NCUA regulations for lending.

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

Cannabis Law Report

In February 2014, FinCEN issued guidance clarifying BSA expectations for financial institutions seeking to provide financial services to marijuana-related businesses (the 2014 Guidance). state and federal regulation of marijuana. That hemp remains subject to the requirements of the 2014 Farm Bill. Background.

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US Senate Approves Spending Bill With Provision Protecting Medical Cannabis State Regimes From Feds

Cannabis Law Report

The Senate approved spending legislation on Thursday that extends a provision protecting medical marijuana states from federal interference—but the question remains as to whether a House-passed version with broader protections for all state cannabis programs could still be adopted in the final bill that’s sent to the president.

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On the 2018 Farm Act: Can I Start Growing Hemp?

MJ Business Attorneys

The language of the Act is strongly rooted in federalist principle, and explicitly designates the states as lead decision-makers regarding the regulation of hemp within that state’s boundaries. If a state was already a part of the pilot program governed by the 2014 Agricultural Act, that is not enough.

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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.