Canna Law Blog

SEPTEMBER 26, 2019

Back in March, former Food and Drug Administration (“FDA”) Commission, Scott Gottlieb, explained it would take several years for the agency to come up with rules that would legalize the use of hemp-derived cannabidiol (Hemp-CBD) in food products, unless Congress stepped in.

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Hemp Law CBD Banking 86

Cannabis Law Report

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. MERKLEY, DAINES URGE COLLEAGUES TO BUILD PATHWAY FORWARD FOR BIPARTISAN LEGISLATION TO ENSURE THAT LEGAL CANNABIS BUSINESSES CAN ACCESS CRUCIAL FINANCIAL SERVICES. Thursday, June 17, 2021. Washington, D.C.

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Banking Legislation Safety Dispensary 66

Canna Law Blog

JANUARY 11, 2020

We are heading into the first decade of scaled commercial hemp production in the United States since the 1920s. Hemp is legal. The international market is taking form and access to banking services is expanding. But the USDA’s interim rules governing the production of hemp threaten significantly this economic juggernaut.

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THC Hemp Supply Chain Concentrates 102

Canna Law Blog

MAY 14, 2019

Banking , intellectual property , food and beverage (and cosmetics ), international trade , domestic trade , state laws , ag production contracts , etc., When it comes to industrial hemp, the 2018 Farm Bill upended all of these things. All told, the amount of private capital flowing into hemp and hemp-CBD is extraordinary.

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Hemp CBD Policy Banking 75

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 In a vote Tuesday, the U.S.

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Banking Safety Compliance Compliance 55

Canna Law Blog

MARCH 22, 2019

Department of Agriculture (“USDA”) held a public meeting during which hemp stakeholders shared their opinion on the promulgation of rules to regulate the crop. Specifically, the federal agency is to review and approve “plans” submitted by states and Indian tribes that choose to hold primary regulatory authority over hemp.

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Hemp Supply Chain Agriculture Banking 70

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account. THC by dry weight.

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Banking Dispensary Cannabis Recreational 98

NORML

FEBRUARY 22, 2019

Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations. Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. AZ resident?

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Legislation Hemp Compliance Compliance 174

NORML

JUNE 14, 2019

Another hearing is scheduled for Thursday, where the Veterans Affairs Committee will discuss various bills that are pending regarding medical cannabis programs and veterans access. Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities.

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Legislation Banking Access Hemp 144

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. He also said that he feels legalization at the federal level is an inevitability. Here’s his full presentation.

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Banking Law Legalization Hemp 89

Cannabis Law Report

NOVEMBER 18, 2021

Sahar Ayinehsazian is based in VS’s Los Angeles office, where she focuses her practice on cannabis banking, corporate transactions, and regulatory compliance. View her full bio at [link]. Jerrico Perez is based in VS’s Denver office, where she focuses her practice on administrative law, regulatory compliance, and licensing.

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Banking Compliance Compliance Law 96

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. “We are all late,” Rep. .”

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Banking Dispensary Safety Seed-To-Sale 53

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. AR resident?

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Legislation Patients Access Seed-To-Sale 165

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Hemp Business Cultivation Banking 69

Cannabis Law Report

SEPTEMBER 9, 2021

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Theme 3 involved access to capital.

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Policy Research and Development Collective Banking 105

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Senate Bill 45 would make this policy consistent for juvenile offenders. Legislation is pending, Senate Bill 59, to expand medical cannabis access. DE resident? HI resident? HI resident? IL resident?

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Legislation Hemp Patients Compliance 132

Canna Law Blog

DECEMBER 27, 2019

Front and center in these discussions are: 1) the importance of due diligence prior to entering a new business relationship and 2) the importance of a fulsome contract written by at attorney knowledgeable in the hemp industry that accounts for the likelihood that things may not go as planned. Hettervig v. Morell et al. million in damages.

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Hemp Extraction Business Policy 63

Canna Law Blog

OCTOBER 9, 2020

On September 17, I , along with my colleagues, Griffen Thorne and Vince Sliwoski , held a webinar entitled “Hemp CBD Q&A,” a recording of which is available on our blog. Does any state have a model law(s) governing the licensing of in-state hemp processors? This is due, in part, to the grey legality of Hemp CBD products.

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Hemp CBD Research and Development THC 53

NORML

MAY 24, 2019

Legislation that would have significantly expanded patient access to medical cannabis in Rhode Island was held in a senate committee for further study, ultimately killing the bill. Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis.

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Legislation Hemp Access Patients 163

NORML

MAY 31, 2019

Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis. Click here to email your governor in support of medical cannabis access. Click here to email your governor in support of industrial hemp production. AL resident? AL resident?

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Legislation Access Banking Hemp 109

Cannabis Law Report

NOVEMBER 15, 2021

At-large board member Andrew Turnage, Executive Director at the Georgia Access to Medical Cannabis Commission. As we collectively analyze and respond to emerging issues in the cannabis industry, we will continue to be the preeminent voice in cannabis regulatory policy.”. Banking, Finance, and Taxation. Cannabinoid Hemp.

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Compliance Compliance Topical Programs 98

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. GA resident?

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Legislation Hemp Compliance Compliance 157

CannaMD

APRIL 15, 2020

The National Organization for the Reform of Marijuana Laws (NORML) has issued marijuana policy guidance for lawmakers during the coronavirus (COVID-19) crisis, along with a statement regarding the designation of medical cannabis facilities as “essential.” NORML: COVID-19 Memo to Lawmakers.

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Policy Patients Dispensary Banking 55

Cannabis Law Report

DECEMBER 16, 2021

This year our office wrote about the various legislative and policy changes – We break down 2021’s highlights below. AB 45: California hemp legalization. It also amends the definition of Industrial Hemp to include cannabis plants and ANY part of that plant with THC concentration of no more than 0.3%.

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Law Supply Chain Banking Cultivation 98

Cannabis Law Report

JUNE 28, 2022

The commercial regulated cannabis industry, which includes both industrial hemp and marijuana, is in its infancy. No one really knows whether the substance Griner was caught with was a derivative of hemp or marijuana. There is tremendous confusion about hemp-derived products, such as CBD, and whether they are legal.

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Legalization Supply Chain Hemp Cannabis 52

Cannabis Law Report

APRIL 26, 2022

Known for its harsh anti-drug policies, Thailand became the first country in South East Asia to legalise medical cannabis in 2018, with the legislation passing in February 2019. This is what they are saying. Cannabis looks promising for wellness tourism. In 2020, 8.6% million by 2022, representing a compound annual growth rate of 5.6%

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Legislation Agriculture Research and Development Banking 52

Cannabis Law Report

FEBRUARY 14, 2019

The new House of Representatives has announced its first cannabis-related hearing, “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses,” which will take place on February 13 before a sub-committee of the House Financial Services Committee. According to lawmakers close to the committee’s process, Rep.

Banking 40

Banking Compliance Compliance Access 40

Veriheal

MARCH 28, 2023

Your cannabis business is also not allowed to bank, which means no access to loans or other financial opportunities. Advertisers are missing out on billions of dollars because of antiquated federal regulations and outdated cannabis policy that still supports racist and greed-driven marijuana prohibition. dollars in 2018 to 3.89

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Media Business Cannabis CBD 74

SpeedWeed

FEBRUARY 20, 2021

The value of hiring a professional lobbyist compared to the price you pay for bad policy. The saying, “If you’re not at the table, you’re on the menu,” comes to mind when I reflect on the evolution of cannabis policy in Washington. The challenges of living without access to affordable and traditional financing.

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Business Dispensary Hemp Agriculture 52

Cannabis Law Report

JULY 31, 2019

Over the past year, Bridge West has been working closely with many hemp and CBD clients on setting up their businesses and financial projections. Although there are notable differences, and each industry has unique challenges, our expertise and significant experience in the cannabis industry transfers well to the hemp/CBD space.

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Hemp Policy Data Collective 40

NORML

MAY 17, 2019

Governor Kevin Stitt (R) of Oklahoma signed legislation into law to permit the retail sale of hemp and hemp-derived CBD products. Governor Kim Reynolds (R) of Iowa signed industrial hemp production legislation into law. Click here to email your lawmakers in support of banking access. CA resident? LA resident?

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Legislation Hemp Compliance Compliance 132

Cannabis Law Report

JUNE 14, 2019

Agriculture Commissioner Nikki Fried announced Monday a new Medical Marijuana Advisory Committee, which she says will collaborate with the Florida Department of Agriculture and Consumer Services to help improve the state’s medical marijuana policies. Here are the details care of Sunshine State News.

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Agriculture Marijuana Research and Development Policy 40

Cannabis Law Report

JUNE 26, 2022

1 Despite what would appear to be increasingly lawful access to cannabis, it is still classified by U.S. Successful reviews have included program inventories, policy inventories and enforcement analyses. Hemp, which also contains THC but at lower levels, was previously included on the list of controlled substances.

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Research and Development Education Programs Policy 52

Veriheal

AUGUST 3, 2021

The newly signed legal framework will boost medical cannabis purchase limits, as well as prolong specific policies that were imposed on a temporary basis when the coronavirus (COVID-19) health crisis initially erupted. On Wednesday, June 30, Governor Tom Wolf (D) of Pennsylvania signed medical cannabis legislation amendments into effect.

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Legislation Patients Supply Chain Dispensary 98

SpeedWeed

APRIL 24, 2021

We listen and share with Cary Shepherd, former policy director for the Illinois Environmental Council , and Jason Nelson, senior vice president of horticulture at Cresco Labs , to learn a little bit about how Illinois legislation got to be so green—and what it all means for a budding industry in these challenging times.

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Environment Agriculture Seed-To-Sale Legislation 52

SpeedWeed

JUNE 5, 2021

Christopher Jensen, cofounder and treasurer of the National Cannabis Roundtable (NCR), says the work the trade association has done on the Secure and Fair Enforcement (SAFE) Banking Act is just one example of the behind-the-scenes efforts the industry group does on a regular basis to push cannabis reform. RELATED: U.S.

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Banking Education Legislation Environment 40

SpeedWeed

MARCH 6, 2021

The legal definition of hemp, which cannot go above 0.3% Mike Crapo (R-ID), then chair of the US Senate banking committee, indicated he was considering a 2% THC cap on cannabis products produced or sold by businesses that want secure financial services under the SAFE Banking Act, which is still in motion. In 2019, Sen.

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THC Patients Law Chronic Pain 52