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Department of Energy’s National Renewable Energy Laboratory (NREL), today announced that it has selected five new startups to participate in the program. The ninth IN 2 cohort is developing technologies to help make indoor agriculture more sustainable. Motorleaf – Montréal, Québec – Automated AI yield predictions.
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.
Legislation has been reintroduced from last year, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs.
Legislation is pending, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs. CA resident?
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. House Judiciary Committee.
House Bill 1359 would create a 5 year medical marijuana pilot program, allowing patients to access their medicine from licensed dispensaries. Legislation is pending, A2210, to create a state bank to provide financial services to licensed marijuana business operating in accordance with state law. FL resident? IN resident? NJ resident?
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 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?
House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Senate Bill 34 would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions.
industrial hemp germplasm repository, or seed bank, was recently announced by New York State Senator Charles Schumer. An initial investment of $500,000 in federal funding will be used to commence the brand new and nation’s only industrial hemp seed bank, which will be located in Geneva, the Finger Lakes Region of New York.
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.
At the state level, Governor Doug Burgum of North Dakota signed a package of bills into law to expand the state’s medical cannabis access program. Days later, the Chief Deputy announced that the cite and release program will be put on hold, without further details. Click here to email your lawmakers in support of banking access.
Senator Ron Wyden and Congressman Earl Blumenauer introduced legislation to allow for interstate commerce when it comes to state-legal cannabis programs. Click here to email your lawmakers in support of compassionate care programs. Click here to email your lawmakers in support of banking access. This week, U.S. California.
Click here to email your lawmakers in support of banking access. Legislation is pending, HF 754 and SF 599, to establish an industrial hemp program to be in compliance with the new federal hemp regulations. The bill would allow the Department of Agriculture and Forestry to issue up to 15 cannabis production licenses.
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. PUBLISHER: CANNABIS LAW REPORT. THC when it is harvested and tested? .
They see legalization as a solution to problems with the medical cannabis program. The Department of Agriculture delayed a requirement that the DEA conduct all THC testing on hemp crops. He pleaded guilt y to ingesting marijuana and cocaine. FEDERAL NEWS. So what’s happening on the federal level? ” ON THE LIGHTER SIDE.
In 2016, Pennsylvania adopted Act 16, becoming one of 38 states that have medical marijuana programs in the United States. While COVID fast-tracked certain aspects of the PA cannabis industry, major hurdles, like access to proper banking services, still plague operators in the space. January 6, 2022. Author Jay Majitov.
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.
A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. Department of Agriculture. CStore Decisions. Agri Pulse.
Legislation is pending, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of compassionate care programs. CA resident?
The big news on Capitol Hill this week was the Senate’s lack of action on the banking bill. Senator Mike Crapo (R-Idaho), the chairman of the Senate banking committee, opposes legalization and seemed disinclined to move on the issue. Protections for recreational programs were not.
INCREASING DIVERSITY Illinois cannabis program is unique in that it centers diversity and equity. In the absence of federal banking standards for the cannabis industry, the Illinois Department of Commerce and Economic Opportunity (DCEO) has grant and loan programs to support small businesses, but its not sufficient to support needed growth.
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. By: Nabil Rodriguez* and Kristen Morris.
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. The Joint Statement.
For many, it feels like Alabama’s medical cannabis program has been a work in progress for years. The Alabama Department of Agriculture and Industries, tasked with issuing rules for cultivation activities, issued its proposed rule , “Medical Cannabis Cultivation,” on May 17, 2022. It was a year ago when this all started. Elizabeth R.
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. That is changing.
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.
Louisiana lawmakers advanced three marijuana reform bills on Wednesday, and that includes legislation that would dramatically expand the state’s medical cannabis program and offer protections for banks that service marijuana businesses. Another bill introduced by Rep.
Supply Shortage and New Department of Agriculture License Applications: As expected, Illinois dispensaries are having a tough time keeping up with consumer demand. To that end, the Illinois Department of Agriculture released the application for a craft grower license, along with the applications for infuser and transporter licenses.
For a first offense, a counseling program can be a substitute for incarceration. In 2017 , Deputy Minister for Agriculture Yiannis Tsironis called for the legalization of cannabis cultivation for personal use. A number of online seed banks do state that Greek law does not ban the purchase or sale of cannabis seeds though.
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. A recent memo provides clarity for lenders.
Department of Agriculture to approve its plan to regulate hemp production on tribal lands. Toronto-based DionyMed filed suit against Eaze in San Francisco County Superior Court, alleging the California company uses wire and bank fraud to process credit and debit card payments from customers buying marijuana through its online platform.
Senate’s Committee on Agriculture, Nutrition and Forestry. Department of Agriculture for farmers, and the Bureau of Alcohol, Tobacco, Firearms and Explosives for adult-use MJ products and industry enforcement. SAFE Banking Act. The banking initiative had been amended into the defense bill in September by the House.
Thanks to the 2014 Farm Bill, pilot programs in dozens of states have demonstrated the crop’s durability and its extraordinary economic opportunity. Collaboration on programs such as crop and health insurance, state check-off programs, and bankingprograms.
For those of you in the dark about Florida’s Medical Marijuana Program, I will be lighting up the dim corners of Florida: The Nation’s Fastest-Growing Medical Marijuana Market , according to The Miami New Times on May 2, 2019. Lighting Up Florida’s Medical Marijuana PEOPLE: The Front Lines. Cameron Vance, Ph.D.
Congressional Funding Bill Protects Cannabis Banking and Lets DC Legalize Marijuana Sales . . Federal officials would be blocked from punishing banks for working with marijuana businesses under an annual spending bill released by congressional Democratic leaders on Sunday. Read more. . The top law enforcement officials from 38 U.S.
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. AUTHOR: Steve Schain , Hoban Law Group. PUBLISHER: CANNABIS LAW REPORT.
The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions. Banking and financial restrictions pose challenges for businesses, limiting access to essential services and hindering investment opportunities.
Thanks to the 2014 Farm Bill, pilot programs in dozens of states have demonstrated the crop’s durability and its extraordinary economic opportunity. The USHFA primary mission will include: Development of a crop insurance program for the entire hemp farming industry. Developments in the hemp industry are moving at a rapid pace.
With 21 existing cultivation centers, the state has taken the approach to ensure this cash crop leads the way toward earth-friendly industrial agriculture. CS : The Department of Agriculture had a tight timeline for the environmental regulations for H.B. MM: The SEED program at Cresco is an incubator program.
The MORE Act not only removes marijuana from Schedule I under the Controlled Substances Act (CSA), but it ushers in a regulatory framework for taxing the sale of cannabis products and using the tax receipts to fund a number of equity and economic programs for those adversely impacted by the War on Drugs. Chuck Schumer (D-NY), and Rep.
Thereafter, Dr. Imani Brown joined DCR as City’s First Social Equity Program Manager working to develop the program further and lend support to its platform. . December 2019 – Federal banking regulators take steps to allow for financial services for hemp related businesses. .
House Financial Services Committee Will Hear Cannabis Banking Bill Next Week. Banking bill may be first cannabis reform legislation to benefit from a new U.S. Florida Agriculture Commissioner Nikki Fried has filled the Director of Cannabis job. House power dynamic. With a new Democratic majority in the U.S.
residing abroad hoping to get an E-2 or EB-5 investor visa who wants to invest in and start a business even only remotely involved in the weed trade (other than agricultural hemp [per new § 297A Agricultural Marketing Act of 1946, 7 U.S.C. 1200 , The SAFE Banking Act, awaits a vote. work here, or apply for a green card.
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