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The Rise of Anti-Legalization Efforts

Veriheal

the 2018 Farm Bill added another dimension by introducing a widespread gray market for products containing other cannabinoids like CBD, Delta-8, and THCA. ” SAM is a prominent opponent of legalization by individual states, as well as federal efforts to legalize and provide access. Current Anti-Legalization Efforts in the U.S.

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Locked Out: SBA’s New Lending Policy Targets Hemp and Marijuana-Adjacent Businesses

Canna Law Blog

This shift may not only severely limit access to these critical funding programs for operators involved with Consumable Hemp Products but also impact ancillary businesses serving both cannabis industries The SBA’s 7(a) and 504 loan programs have supported small business growth for almost two decades. This isnt new.

Policy 57
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Marijuana Banking Passes Critical Committee

NORML

In the first of what is anticipated to be multiple Congressional votes to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee will today voted to advance The SAFE Banking Act, HR 1595 , 45-15. So I would urge all of my colleagues so support H.R.

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Marijuana Banking Bill Scheduled For Committee Markup

NORML

In the first in what are anticipated to be multiple Congressional hearings to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. With 97.7% of the U.S. Thirty-three states, Washington, D.C.

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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. Therefore, it’s not yet clear whether banks will service clients engaged in those activities.

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NORML Issues Cannabis Policy Guidance For Lawmakers and Prosecutors For Protecting Public Health During COVID-19 Crisis

NORML

“As individuals and families struggle to cope with the day-to-day challenges of the COVID-19 global pandemic, it is inappropriate and irresponsible for state and local governments to continue utilizing precious resources and capacity to arrest, prosecute, and incarcerate Americans for marijuana violations,” said NORML’s Strekal.

Policy 285
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Senators Wyden and McConnell Press for Hemp Industry Banking Services

Canna Law Blog

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. We have consistently heard from lawful hemp producers about the lack of access to financial products. Senators, Sen.

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