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Hemp CBD Across State Lines: North Carolina

Canna Law Blog

The Agriculture Improvement Act of 2018 (“ 2018 Farm Bill ”) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (“CSA”) and by providing a detailed framework for the cultivation of hemp. The law was modified in 2016 in House Bill 992.

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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. I’ll be joined by my esteemed colleagues to shed some light on hemp laws both nationally and here in the Evergreen State. You can register to join us here.

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Idaho State Police Are Not Required to Return Seized Hemp (Yet)

Canna Law Blog

Earlier this week, I wrote about how hemp businesses should not yet rely on the 2018 Farm Bill to protect them from their products being seized. As such, the cultivation of hemp is still governed by the 2014 Farm Bill, which allows state departments of agriculture to license the cultivation of industrial hemp.

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Banking Woes and Wins for Hemp-CBD

Canna Law Blog

We have practiced in the space ever since the 2014 FinCEN guidelines were issued and it’s been slow going for the most part. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” ” The answer to this question, in short, is probably not.

Banking 101
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Hemp-CBD Across State Lines: Idaho

Canna Law Blog

The Agriculture Improvement Act of 2018 (“ 2018 Farm Bill ”) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (“CSA”) and by providing a detailed framework for the cultivation of hemp. Each Sunday we will summarize a new state in alphabetical order.

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National Credit Union Administration Issues Statement About Serving Hemp Businesses

The Blunt Truth

Citing growth in hemp-related commerce, the NCUA emphasized the need for credit unions to understand the gamut of regulation across jurisdictions in order to lend lawfully to hemp-related businesses. First , as of December 20, 2018, hemp is no longer designated as a federally controlled substance.

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How to Get a Credit Union Account for Your Hemp Business

Canna Law Blog

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts. That is changing.

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