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Banking Woes and Wins for Hemp-CBD

Canna Law Blog

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

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Industrial Hemp and the Banks: Slow Going

Canna Law Blog

For example, although hemp is no longer a controlled substance under the CSA, the Farm Bill reserves certification rights to the Department of Agriculture over state and tribal industrial hemp production “plans.” A few of these clients are relatively nimble and bold, but at the end of the day they are still banks. Stay tuned.

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Wells Fargo Innovation Incubator Selects Five Early-Stage Sustainable Indoor Agriculture Companies

Cannabis Law Report

The ninth IN 2 cohort is developing technologies to help make indoor agriculture more sustainable. Indoor agriculture provides several environmental and operational benefits, but these processes typically produce more greenhouse gas emissions than field-grown systems,” said Trish Cozart, IN 2 program manager at NREL. About Wells Fargo.

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Weekly Legislative Roundup 4/5/19

NORML

333 was unanimously approved by the Agriculture and Natural Resources Appropriations Subcommittee on 4/2. Click here to email your lawmakers in support of banking access. Update : SB 516 was heard by the House Agriculture and Rural Development Committee on 4/2/19. Click here to email your lawmakers in support of banking access.

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The CLIMB Act: Is Federal Cannabis Business Reform Coming?

Veriheal

banking and insurance). The “cannabis tax” is most significantly seen as it relates to banking and financing, and insurance coverage. Companies functioning within state legality face severe banking restrictions due to federal regulations. The proposed legislation, H.R.

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Weekly Legislative Roundup 2/22

NORML

Legislation is pending, House Bill 2980, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses. Click here to email your lawmakers in support of banking access. IL resident?

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Weekly Legislative Roundup 6/21/19

NORML

Click here to email your lawmakers in support of banking access. The bill is scheduled for a hearing in the House Agriculture Committee on 6/25/19. Update : The Senate Agriculture, Revenue and Financial Institutions Committee held a work session in SB 188 on 6/19/19. CA resident? Update : S. NC resident? New Jersey. WI resident?