Cannabis Law Report

JULY 14, 2021

Although many financial institutions refuse to do business with the high-risk industry, the truth, according to Ryan Hale, co-founder and Chief Sales Officer of Operational Security Solutions (OSS), is that “cannabis banking has been allowed since February 2014.” Regulatory responsibility will be moved from the U.S.

Legislation 71

Legislation Banking History Access 71

Cannabis Law Report

MAY 1, 2019

For a business which has decided to publish ads for cannabis businesses, there are a number of steps that would minimize the risk of receiving a call from a federal prosecutor or a visit from your local DEA agent. Follow State Law (and Require that Customers Do Too). 31 See Lisa N.

Legalization 45

Legalization Business Law Cannabis 45

SpeedWeed

DECEMBER 28, 2018

In August, Constellation Brands (brewers of Corona beer) spent $4 billion to massively up their stake in Canopy Growth, which in 2014 became the first publicly traded cannabis company in North America, and now lists on both the New York Stock Exchange and the Toronto Stock Exchange. All because federal law still sees him as a wonton criminal.

Pharmaceutical 40

Pharmaceutical Research and Development Legalization CBD 40

Canna Law Blog

AUGUST 30, 2020

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. Many state law enforcement agencies simply mistook hemp for an illegal controlled substance.

Hemp 98

Hemp Agriculture Extraction THC 98

Canna Law Blog

JANUARY 3, 2023

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”).

CBD 98

CBD Food Clinical Trials Pets 98

Cannabis Law Report

DECEMBER 1, 2019

This conflict between federal and state law has raised concerns among CPAs providing services to the marijuana industry. States Legalizing Marijuana. Barr also noted that Congress needs to make a decision as to whether federal law should be changed or followed. 15, 2019, [link] ).

Marijuana 59

Marijuana Business State Laws DEA 59

CannaMD

SEPTEMBER 15, 2020

MORE DETAILS: On June 16, 2014, Florida became the 22nd state to legalize (at least partial) access to medical marijuana when Governor Rick Scott signed the Compassionate Medical Cannabis Act of 2014. In practice, the chances of feds or the DEA sitting at the border waiting to catch someone – that’s just not happening.

Law 126

Law Marijuana Patients Treatment 126

Cannabis Law Report

NOVEMBER 2, 2021

Five of them used an age verification form , which is in compliance with the FDA age requirements and state laws, where the customer has to upload a photo of a government ID, and the other required a signature on delivery of the package. The second argument is based on a DEA interim final rule on the topic of synthetic THC.

THC 96

THC CBD Legalization Vaping 96

MJ Business Attorneys

DECEMBER 27, 2018

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.

Hemp 165

Hemp Seed-To-Sale Food THC 165

Cannabis Law Report

MARCH 25, 2019

Congress could pass a law that would legitimate marijuana activities, but only to the extent an individual or commercial enterprise acts within the letter of state law. The DEA has made previous requests–in 2001 and 2006–to the FDA for an evaluation of marijuana. Emphasis added).

Banking 45

Banking Law Marijuana State Laws 45

MJ Business Attorneys

MAY 23, 2018

In the eight states that allow recreational marijuana use, and over two dozen states that authorize medical marijuana use, state and federal law are conflicting. Even if the feds step down, and allow the states to step up, strict compliance with state law is more important now than ever for industry operators.

Marijuana 100

Marijuana Compliance Compliance DEA 100