Cannabis Law Report

JUNE 25, 2021

Drug Enforcement Agency (DEA)’s narcotic drug schedule as defined by the Controlled Substances Act (CSA). While these products are no longer illegal (notably a different definition than “legal”), most banks have been hesitant to jump in, citing the lack of framework from the compound’s new agencies of oversight: the USDA and the FDA.

Banking

The Blunt Truth

FEBRUARY 10, 2022

This makes the sixth time the House has passed a provision allowing cannabis businesses to access the federal banking system. The bill would also permit non-DEA labs to test the crop for THC, and would count delta-8 in allowable THC amounts. So now it’s on to the Senate, the graveyard of previous SAFE Act incarnations.

Hemp

Cannabis Law Report

JUNE 16, 2022

Lack of access to banking services and capital, high barriers to entry into legal cannabis markets, and exorbitant tax rates at all levels of government are clearly hampering the ability of licensed cannabis businesses to compete with the unregulated market.

DEA

Cannabis Law Report

MARCH 6, 2019

The DEA couldn’t figure out at first why a bunch of rednecks in Cottondale, Florida, had 24-carat gold Rolex watches and were driving Mercedes S500’s, Cobb told Fox News in a recent interview. Brady Cobb estimates that before his dad was finally busted, in 1983, he had pulled in more than $300 million of Escobar’s drug money.

Banking

Cannabis Law Report

JULY 14, 2021

“Closing the door on broadly supported incremental reforms like the SAFE Banking Act while the Senate seeks compromise on farther-reaching bills hurts the possibilities for consensus and ignores the very real needs of small business operators who have repeatedly said that access to banking services and traditional lending is an existential issue.

Legislation

Cannabis Law Report

JANUARY 16, 2020

Weisheit’s biggest concern is the black market for marijuana continuing to proliferate, especially in rural areas where legal marijuana will be less accessible. Weisheit doubts that marijuana will be legalized at the federal level any time soon due to the Drug Enforcement Agency’s (DEA) position on the matter. .

Law

Cannabis Law Report

SEPTEMBER 29, 2021

Ed Perlmutter (D-CO) and Andy Barr (R-KY) all opined on the progress of the SAFE Banking Act legislation that they’ve been industriously working on; Reps. Many producers expressed concerns that the DEA’s interim final rule would criminalize the processing of hemp extracts. Ron Wyden (D-OR), Jeff Merkley (D-OR) and Reps. By Kyle Jaeger.

Hemp

Cannabis Law Report

SEPTEMBER 1, 2021

3] Further, notwithstanding the determination of the Drug Enforcement Administration (DEA), which is required to defer to the Department of Health and Human Services’ assessment that cannabis has no acceptable medical utility, 37 states and four territories have enacted laws allowing for the medical use of cannabis products. [4]

Policy

Sensi Seeds

NOVEMBER 28, 2018

All of these companies, the seeds banks, cultivators, manufacturers, grow shops, distributors, and online vendors operate in a grey market that permits them to sell their products as long as they follow some rules. As a result, GW’s latest CBD product, EPIDIOLEX ® was entered into the Spanish pharmacopeia over the summer.

CBD

Cannabis Law Report

APRIL 24, 2019

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. The second path would be the administrative action by the Drug Enforcement Agency [“DEA”] and its Diversion Control Division.

Legalization

SMPL

AUGUST 14, 2019

That includes a lack of access to financial services that lead such companies to operate on a largely cash basis, making them targets for crime. ABA noted that the Drug Enforcement Administration (DEA) announced in 2016 that it is accepting applications for additional cannabis manufacturers, which could bolster research, for example.

Policy

Cannabis Law Report

SEPTEMBER 23, 2021

With increased state and federal attention on these products, there is also an increased risk to industry participants beyond that of criminal liability, such as FDA/FTC enforcement, banking and insurance obstacles, and civil liability claims. We recently discussed some of these on our Hemp Legally Speaking podcast episodes.

THC

Cannabis Law Report

JULY 30, 2019

Like others, Dr. Beasley is forced by default to expand her knowledge base through scientific facts that warrant closer inspection and through accessible existing research, with few current cannabis case studies. Cannabis is not a “gateway” drug, according to the ASA and the DEA’s own statements cited in the August 2016 U.S.

Marijuana

Veriheal

DECEMBER 1, 2022

Historically, it has been difficult for cannabis-related businesses to access reliable financial services due to its illegal federal status. CRO Financial Services: The SAFE Banking Act. The SAFE Banking Act was introduced in 2019 and has passed the House seven times, but it still needs to make it to the Senate floor.

Access

Cannabis Law Report

AUGUST 5, 2021

Regulatory authority would move from the DEA to the FDA, but also the ATF and the Alcohol and Tobacco Tax and Trade Bureau (TTB). There are no provisions on banking, but making cannabis legal should remove money laundering issues. The fate of the SAFE Banking Act to enhance banking access for cannabis companies, which Sen.

Banking

Canna Law Blog

NOVEMBER 16, 2021

This includes bills on banking (see the SAFE Banking Act , which has passed the House no less than five times) and overall federal legalization (see the MORE Act as well as its sister Senate legislation, the Cannabis Administration Opportunity Act (“CAOA”)). The enforcement role moves from DEA to ATF.

DEA

Canna Law Blog

NOVEMBER 3, 2023

They would get similar access to banking, SBA loans, and federal tax treatment, for starters. I do foresee potential issues with access to trademarks and bankruptcy — which no one seems to be talking much about — but those are topics for another day.

Topical

Canna Law Blog

NOVEMBER 20, 2020

The hemp industry has definitely had its fair share of hurdles since legalization – there is uncertainty surrounding the regulatory framework, litigation against DEA , ongoing access challenges to bank and other financial services, and of course, the ripple effects of the pandemic.

Hemp

SpeedWeed

JULY 15, 2021

The act would transfer agency functions with regard to cannabis from the Drug Enforcement Administration’s (DEA) jurisdiction to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Department of Health and Human Services (HHS) and the Department of the Treasury. .

Banking

SpeedWeed

JULY 15, 2021

The act would transfer agency functions with regard to cannabis from the Drug Enforcement Administration’s (DEA) jurisdiction to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Department of Health and Human Services (HHS) and the Department of the Treasury. .

Business

SpeedWeed

JULY 15, 2021

The act would transfer agency functions with regard to cannabis from the Drug Enforcement Administration’s (DEA) jurisdiction to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Department of Health and Human Services (HHS) and the Department of the Treasury. .

Banking

SpeedWeed

JULY 14, 2021

The act would transfer agency functions with regard to cannabis from the Drug Enforcement Administration’s (DEA) jurisdiction to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Department of Health and Human Services (HHS) and the Department of the Treasury. .

Packaging

Cannabis Law Report

JUNE 11, 2021

Cannabis faces an overall lack of access to financial institutions as well as IRC 280E, and ketamine certainly does not. Cannabis is not regulated by the Food and Drug Administration and federal healthcare laws generally don’t apply to state-licensed cannabis businesses.

Law

SpeedWeed

JULY 17, 2021

Legal weed businesses would be able to open bank accounts, access loans, or list on the US stock market. If passed, the bill would transfer most of the regulatory authority over cannabis from the Drug Enforcement Administration (DEA) to the Food and Drug Administration (FDA).

Legalization

NewsMunchies

DECEMBER 22, 2021

As of this writing, cannabis remains a prohibited Schedule 1 drug, defined by the DEA as having “no currently accepted medical use and a high potential for abuse.” . Most Americans have access to either medical or adult-use cannabis under state laws. Although, marijuana may be one of the truly bipartisan issues in the U.S.

Law

Canna Law Blog

AUGUST 31, 2023

This all looks pretty good right now, but the Drug Enforcement Administration (DEA) and ultimately the Attorney General (AG) have final say on whether to schedule or reschedule marijuana following the HHS recommendation. In any case, the DEA Administrator reports to the AG (through the Deputy AG). The AG could then reschedule.

DEA

Cannabis Law Report

SEPTEMBER 19, 2019

From where I am sitting, however, it seems highly unlikely that the same grey-haired Congress that hasn’t yet managed to pull it together on a simple banking bill is all of a sudden going to rise up and legalize the leaf nationwide as its Christmas gift to the nation. of the state’s total population. ” In October 2018, the U.S.

Vaping

Canna Law Blog

DECEMBER 6, 2022

As we blogged about last week, the SAFE Banking Act is trying to claw its way back from the dead during this lame duck session of Congress. Interestingly, on December 2, Punchbowl News reported that the Department of Justice (DOJ) issued a memo outlining its “issues” with the SAFE Banking Act. Section 280E.

Banking

Canna Law Blog

MAY 1, 2024

I take issue with some of the headlines , so here’s mine: “DEA Reportedly Agrees to Initiate Proposed Rulemaking to Reschedule Marijuana…”. I mentioned above that DEA “reportedly” has agreed to follow the HHS proposal. The very next step will be for DEA to confirm that reporting. What’s the next step? Someone is likely to sue.

DEA

Canna Law Blog

OCTOBER 9, 2024

More recently, Blumenauer continues to press DEA to increase transparency  in the scheduling review process. He also continues to push: The SAFE Banking Act , which would allow state-legal businesses to access standard financial services. The Veterans Equal Access Act to expand medical cannabis access to military veterans.

Legislation

Cannabis Law Report

MARCH 25, 2019

The DEA has made previous requests–in 2001 and 2006–to the FDA for an evaluation of marijuana. But DEA regulators determined after both of those reviews that marijuana should remain a Schedule I substance. 1960), and the BSA. 18 U.S.C. §§ 1956-57, 1960; 3 1 U.S.C. §

Banking

The Joint Blog

JUNE 2, 2020

Tom previously discussed his intention to provide financial services to minority- and women-owned marijuana companies through his and his wife’s community bank. Only marijuana-friendly people will be assigned to DEA, DOJ, and FDA to get involved in the legalization process. Cory Booker withdrew from the presidential race on Jan.

Decriminalization

Cannabis Law Report

MAY 17, 2019

Seq (1970) and Drug Enforcement Administration’s (“DEA”) clutches, 2019 hemp production and sales exploded. A wildly popular nutritional supplement and food additive, oil based hemp derived products like CBD racked up $1.1 Farm Bill’s Impact and Rise of the FDA. Beyond removing plant cannabis sativa L. Budgeted at $6.1

Food