Cannabis Law Report

JULY 8, 2021

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.

Agriculture 85

Agriculture Research and Development Banking Environment 85

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

Legislation 200

Legislation Decriminalization Hemp Patients 200

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.

Hemp 101

Hemp Law CBD Banking 101

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.

Hemp 84

Hemp Supply Chain Agriculture Banking 84

Cannabis Law Report

AUGUST 9, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. CBD brands: Altwell, Charlotte’s Web, Columbia Care, Healer, Lord Jones, Maven Hemp, MD Farma, Peels, Prospect Farms, Puraura Naturals from Enhanced Botanicals, Rae Wellness, Trokie and Verséa Wellness. CStore Decisions. Agri Pulse.

Hemp 105

Hemp CBD Legalization Edibles 105

Greenspoon Marder Cannabis Law Group Blog

AUGUST 7, 2019

Larry Smart, professor in the Horticulture Section of the School of Integrative Plant Science at Cornell University, in a greenhouse examining industrial hemp. industrial hemp germplasm repository, or seed bank, was recently announced by New York State Senator Charles Schumer. Photo Credit: Justin Muir/Cornell University.

Banking 53

Banking Hemp Research and Development Supply Chain 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?

Legislation 196

Legislation Patients Access Seed-To-Sale 196

Canna Law Blog

MAY 4, 2019

California legislators have so far proposed more than 40 new cannabis laws for the 2019 session, ranging from cannabis tax reductions to banking reforms to party buses. The law’s goal is to give local governments a streamlined tool for preserving agricultural land and open spaces.

Hemp 89

Hemp Agriculture Seed-To-Sale Cultivation 89

NORML

MAY 10, 2019

Governor Eric Holcomb (R) of Indiana and Governor Ned Lamont (D) of Connecticut signed industrial hemp legislation into law. Click here to email your lawmakers in support of banking access. Click here to email your governor in support of industrial hemp production. CO resident? Connecticut. IA resident?

Legislation 184

Legislation Hemp Compliance Compliance 184

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.

Hemp 94

Hemp Business Cultivation Banking 94

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. Meanwhile, The Senate Committee on Agriculture and Environment killed SB 1335. This was a big week for marijuana in Congress.

Legislation 193

Legislation Hemp Compliance Compliance 193

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 1353 seeks to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Click here to email your lawmakers in support of banking access.

Legislation 172

Legislation Hemp Patients Compliance 172

NORML

APRIL 26, 2019

After Governor Kristi Noem of South Dakota vetoed a bill to regulate industrial hemp production last month, the legislature is set to study the topic during the interim session. Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

Legislation 183

Legislation Compliance Compliance Hemp 183

Veriheal

SEPTEMBER 1, 2022

banking and insurance). Provision of equipment parts, substances, or testing services “needed to produce marijuana, hemp or extracts therefrom and to comply with the law, rules and regulations for testing” Sale, leasing, or renting of real estate. The proposed legislation, H.R. What Business Services Would the CLIMB Act Protect?

Business 143

Business Banking Legislation Cannabis 143

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Farmers across the country have started growing hemp under the 2014 farm bill while the regulations for the 2018 farm bill are sorted out by the USDA and state departments of agriculture. If you wish to re-publish this story please do so with following accreditation.

Banking 45

Banking Hemp Business Agriculture 45

Greenspoon Marder Cannabis Law Group Blog

MARCH 14, 2019

On March 13, 2019, the United States Department of Agriculture (“USDA”) Specialty Crops Program held the first planned listening webinar to solicit public comment on the implementation of the 2018 Farm Bill as it pertains to hemp. The post USDA Hemp Webinar Summary appeared first on Greenspoon Marder Cannabis Law.

Hemp 64

Hemp Agriculture Programs Banking 64

NORML

MAY 24, 2019

Click here to email your lawmakers in support of banking access. House Bill 491 would regulate industrial hemp production as well as allow the production and retail sale of hemp-derived CBD products. Click here to email your lawmakers in support of regulating hemp and CBD. CA resident? LA resident? LA resident?

Legislation 195

Legislation Hemp Access Patients 195

Cannabis Law Report

MARCH 13, 2019

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. The new practice leverages the firm’s in-depth cannabis and hemp industry knowledge and expertise of the tax implications, regulatory environment, as well as critical operating and financial procedures.

Hemp 71

Hemp Business Banking Concentrates 71

Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. Background. percent on a dry weight basis.”

Hemp 59

Hemp Business Banking Agriculture 59

The Blunt Truth

JULY 14, 2023

On the federal level, we have yet another update on the SAFE Banking Act. Joseph Guthrie, commissioner of the Virginia Department of Agriculture and Consumer Services SAFE BANKING Another week, another look at SAFE Banking. Maybe it will pass this term? Or maybe not. So I wouldn’t expect that during his administration.

Banking 98

Banking Media Retail Legalization 98

Cannabis Law Report

AUGUST 4, 2019

Senate Minority Leader Chuck Schumer (D-NY) announced on Friday that work has begun on the creation of the nation’s only hemp seed bank. The “Industrial Hemp Germplasm Repository” will be located at Cornell University’s AgriTech facility in Geneva, New York. Read full article at.

Banking 40

Banking Hemp Agriculture Marijuana 40

Cannabis Law Report

APRIL 4, 2019

Hemp farmers and businesses should be treated just like any other agricultural businesses and not discriminated against,”. McConnell-Wyden Letter to FCA re Hemp Banking 4.2.2019. McConnell-Wyden Letter to OCC re Hemp Banking 4.2.2019. McConnell-Wyden Letter to FDIC re Hemp Banking 4.2.2019.

Banking 40

Banking Hemp Agriculture Business 40

The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). In the world of hemp, marijuana’s straight-arrow cousin, the Department of Agriculture released guidelines for importing hemp seeds.

Banking 71

Banking Hemp Agriculture Seed-To-Sale 71

The Joint Blog

DECEMBER 10, 2019

On Tuesday a coalition of federal agencies released a joint statement noting that financial institutions including banks and credit unions may work with individuals and businesses involved in the hemp industry. “This statement provides banks with background information on the legal status of hemp, the U.S.

Banking 34

Banking Hemp Agriculture Business 34

Cannabis Law Report

JANUARY 3, 2022

Hemp Industry Daily Report. Here’s a breakdown of seven federal bills on the docket – plus one state measure – and a look at why they’re important to hemp farmers and business owners. Hemp Access and Consumer Safety Act. Hemp champion Sen. Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2021.

Hemp 52

Hemp Packaging Banking Food 52

The Blunt Truth

MARCH 5, 2020

In Minnesota, regulators have suggested that one office should oversee all aspects of both hemp and medical marijuana. For those of you wondering whatever happened to the man transporting hemp through South Dakota , prosecutors dropped the most serious charges against him. In Ohio, ’tis the season for ballot petitions.

Banking 99

Banking DEA Hemp THC 99

NORML

MAY 31, 2019

Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Click here to email your governor in support of industrial hemp production. Click here to email your lawmakers in support of banking access. AL resident? IL resident?

Legislation 127

Legislation Banking Access Hemp 127

Cannabis Law Report

SEPTEMBER 29, 2021

Hemp Roundtable made a lot of national news noise – and it’s no wonder, given the all-star lineup that joined the Roundtable in its virtual DC “fly-in.” The membership subsequently met with the USDA’s new Hemp Work Group, and White House officials that serve the President on agriculture and drug control policy.

Hemp 52

Hemp Banking Legislation Policy 52

Veriheal

JUNE 17, 2020

Since hemp was federally legalized under the 2018 Farm Bill, it is now considered an agricultural commodity like any other crop. The US Department of Agriculture (USDA) has even taken several steps to sync the market with its various programs and services. The USDA Should Treat Hemp Like Any Other Commodity.

Hemp 52

Hemp Agriculture Banking Access 52

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. Legal Hemp Growing. The Farm Bill changes the classification of hemp to an agricultural product. This allows the use of hemp fiber, which is generally used for rope, clothing, and other materials, as well as CBD oil. July 1 2019.

Banking 40

Banking Hemp Marijuana Compliance 40

Cannabis Law Report

APRIL 1, 2022

Following last week’s report that licensed alcohol retailers in Pennsylvania are being denied licenses to sell CBD, we sent a letter to the Pennsylvania Liquor Control Board and Department of Agriculture to urge them to reverse their new policy. It adds the cannabinoid to the definition of hemp. Take Action.

Hemp 52

Hemp Banking THC Policy 52

WeedAdvisor

JUNE 10, 2019

If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. Due to the clashes between laws in legal states and federal laws – which maintain that marijuana is illegal – banks fear federal prosecution if they handle money from otherwise legal dispensaries. Banking Policies. .

Banking 49

Banking Dispensary Legislation Decriminalization 49

Cannabis Law Report

JULY 2, 2021

For example, in the public function he served as Undersecretary of Small and Medium Enterprises and Regional Development, Director of the Banco de la Nación Argentina and General Manager of the Central Bank of the Argentine Republic. for industrial and / or medicinal use. Source: [link].

Research and Development 105

Research and Development Medicine Banking Agriculture 105

Cannabis Law Report

AUGUST 6, 2019

In a July 24, 2019 dated guidance, Pennsylvania’s Department of Agriculture (“DOA”) announced it will be randomly collecting and testing hemp variety samples from 25% of licensed hemp growers for tetrahydrocannabinol (“THC”) content. Results that are returned with a THC% of less than 0.3%

THC 61

THC Hemp Seed-To-Sale Collective 61

Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

Banking 40

Banking Hemp Safety Business 40

NORML

JUNE 28, 2019

Governors Ron DeSantis (R) of Florida signed industrial hemp production legislation into law. Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 315, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

Legislation 119

Legislation Access Decriminalization Patients 119

Cannabis Law Report

DECEMBER 19, 2019

He’s demanding more studies and much tighter rules around banking and the crop. Chairman Crapo Outlines Concerns with Cannabis Banking Legislation. WASHINGTON – Senate Banking Committee Chairman Mike Crapo (R-Idaho) is inviting public feedback on ways to address public health and money laundering concerns with cannabis banking.

Banking 71

Banking Legalization Safety Research and Development 71