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Locked Out: SBA’s New Lending Policy Targets Hemp and Marijuana-Adjacent Businesses

Canna Law Blog

Lenders were tasked with verifying compliance with all applicable laws, and the SBA offered detailed guidance on evaluating CBD-related businesses. So yes, the THC/CBD hemp seltzers at Total Wine and gummies at your local convenience store are illegal under federal law. We’ve seen this movie before in cannabis banking.

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What Do Banks Require for CBD Websites?

Cannabis Law Report

Cannabidiol (CBD) products derived from industrial hemp exist in a unique market here in the U.S. Thanks to the passage of the 2018 Farm Bill , CBD products that meet certain federal criteria are no longer part of the U.S. Drug Enforcement Agency (DEA)’s narcotic drug schedule as defined by the Controlled Substances Act (CSA).

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CBD Chaos in Spain

Sensi Seeds

Is CBD Legal in Spain? Spain’s cannabis market is a diverse mix of Spanish and foreign-owned companies selling everything from seeds, fertilizer and grow lamps to hemp-infused beers and CBD tinctures, oils, and creams. In August 2018, reports of shops being raided and CBD product confiscated began to circulate on Twitter.

CBD
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The Week in Weed: March 6, 2020

The Blunt Truth

The Department of Agriculture delayed a requirement that the DEA conduct all THC testing on hemp crops. Over at the Food and Drug Administration , new director Dr. Stephen Hahn called it a “fool’s errand” to prohibit CBD use; the industry is still awaiting federal regulations. ” ON THE LIGHTER SIDE.

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The Year in Weed: 2019 Edition

The Blunt Truth

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). Which brings us to the merry, merry month of May, and the flood of comments on CBD products and how they should be regulated.

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Hoban Law Say Thankyou To Clients & Welcome To New Chapter

Cannabis Law Report

DEA case, Bob Hoban’s advising of more than 30 countries on cannabis policy and crafting of CBD legal strategies, and the expansion of global offices in more than 10 countries. A few highlights included representing the Hemp Industries Association in the 2018 HIA v. The cannabis industry is poised for sweeping change.

Law
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Press Release: LegitScript Announces New CBD e-Commerce Certification Program to Ensure Accountability, Regulatory Compliance

Cannabis Law Report

LegitScript, the global leader in merchant and product certification and monitoring in the e-commerce and payment sectors, has launched a new certification program for legally compliant CBD products and websites. LegitScript’s CEO, John Horton, said the program will bring transparency and structure to the CBD industry.